Overview
What is Lower Pioneer Valley Educational Corporation?
Lower Pioneer Valley Educational Corporation serves as a nonprofit entity based in West Springfield, Massachusetts, specifically at 174 Brush Hill Avenue, 01089. Their primary mission involves leasing out assets they own to various governmental and public entities that offer educational services to school districts within the Greater Springfield area. This collaborative approach aims to enhance the educational landscape for the community.
Official website here: www.lpvec.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% - Three-Star out of Four Star rating
The Lower Pioneer Valley Educational Corporation has received a Three-Star rating from Charity Navigator, reflecting a strong score of 88% based entirely on accountability and finance metrics. This indicates a solid level of financial health and transparency within the organization, particularly noted for its independent board structure and absence of asset diversion. The charity demonstrates good practices in financial oversight, highlighted by its 99.07% program expense ratio and an audit and oversight committee that scored a perfect 15 out of 15 points.
While the organization shows strengths in many areas, it has notable weaknesses in its governance policies, specifically the absence of a conflict of interest policy and a whistleblower policy, each receiving a score of zero. This raises concerns about its internal controls and transparency in governing practices, which could be improved to further bolster trust with stakeholders.
Overall, the Lower Pioneer Valley Educational Corporation demonstrates commendable financial stewardship and accountability but may benefit from enhancing its governance frameworks to address identified gaps. This could help bolster its reputation and effectiveness in achieving its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lower Pioneer Valley Educational Corporation legitimate?
Lower Pioneer Valley Educational Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower Pioneer Valley Educational Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lpvec.org/
What is the mission statement of Lower Pioneer Valley Educational Corporation?
The Lower Pioneer Valley Educational Corporation primarily leases its owned assets to various governmental and public entities, such as the Lower Pioneer Valley Educational Collaborative. These entities, in turn, utilize these leased resources to deliver educational services to school districts located within the Greater Springfield, MA area. Although the information provided does not specify an explicit mission statement, it can be inferred that the corporation's mission likely revolves around supporting and facilitating educational growth and development through the provision of leased assets.
Official website here: www.lpvec.org/
Who is the CEO of Lower Pioneer Valley Educational Corporation?
Jeffery T Houle is the Principal Officer of Lower Pioneer Valley Educational Corporation.
Official website here: www.lpvec.org/
What is the revenue of Lower Pioneer Valley Educational Corporation?
Lower Pioneer Valley Educational Corporation's revenue in 2022 was $1,156,226.
Official website here: www.lpvec.org/
Who are the executives of Lower Pioneer Valley Educational Corporation and what are their salaries?
There 5 volunteers at Lower Pioneer Valley Educational Corporation.
Here are 9 key members and their salaries:
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- Related: $130,111
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Official website here: www.lpvec.org/
Where can I find the form 990 for Lower Pioneer Valley Educational Corporation?
Lower Pioneer Valley Educational Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lpvec.org/
Learn more at the official website: www.lpvec.org/
Mission Statement of Lower Pioneer Valley Educational Corporation
Lower Pioneer Valley Educational Corporation plays a crucial role in facilitating educational services in the Greater Springfield, MA area. It accomplishes this by leasing its owned assets to various governmental and public entities, such as the Lower Pioneer Valley Educational Collaborative. These organizations then utilize these leased resources to deliver educational programs to local school districts. By doing so, Lower Pioneer Valley Educational Corporation contributes significantly to the provision of educational opportunities in the region.
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Impact
July, 2024
Lower Pioneer Valley Educational Corporation's impact is significant in supporting educational services for school districts in the Greater Springfield, MA area. By leasing assets to the Lower Pioneer Valley Educational Collaborative and other governmental public entities, it plays a crucial role in enhancing educational opportunities for students in the region. This support contributes to community improvement by ensuring that educational resources are accessible and effectively utilized for the benefit of the local population.
This information is meant to be a general summary of Lower Pioneer Valley Educational Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $684
- Program Service Revenue: $1,020,000
- Gross Receipts: $1,156,226
Assets and Liabilities:
- Total Assets: $19,885,677
- Total Liabilities: $8,779,583
- Net Assets: $11,106,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Fees
Revenue
$1,020,000
Organization Details
Founding Year
1981
Phone
(413) 735-2200Principal Officer
Jeffery T Houle
Main Address
174 Brush Hill Ave, West Springfield, MA, 01089
Website
www.lpvec.org/NTEE Category
Code: S47Z - Community improvement
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