Overview
What is The Educational Foundation For Rockport Inc?
The Educational Foundation for Rockport is a nonprofit organization dedicated to supporting the local public school system in Rockport. Their primary mission involves providing scholarships to deserving graduating students and offering financial aid to specific school programs that lack funding from the municipal budget. By doing so, they aim to enhance the educational experiences and opportunities for the community's youth, ultimately contributing to the overall development and success of the local public schools.
Official website here: www.rockport.k12.ma.us/edfound
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Educational Foundation For Rockport Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score reflects a strong performance in several areas, particularly in board independence and asset management, with highlights including a 100% independent board and no material diversion of assets.
However, the organization does face some limitations, particularly concerning its governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy have been noted, which could affect its overall accountability framework. Despite these gaps, the foundation demonstrates commendable financial management with an impressive program expense ratio of 85.83%, ensuring that a significant portion of its resources is allocated towards its mission.
In summary, while The Educational Foundation For Rockport Inc showcases important strengths in its governance and financial management, addressing its missing policies could enhance its accountability and transparency. The overall rating suggests that the organization is doing well, but there is room for improvement in its operational protocols.
This AI summary has been generated from information found on Charity Navigator.
Is The Educational Foundation For Rockport Inc legitimate?
The Educational Foundation For Rockport Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Educational Foundation For Rockport Inc 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.
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Official website here: www.rockport.k12.ma.us/edfound
What is the mission statement of The Educational Foundation For Rockport Inc?
The Educational Foundation for Rockport, a non-profit organization, dedicates its mission towards supporting local public school programs. It achieves this by providing scholarships to deserving graduating students and offering financial assistance to specific school programs that are not covered by the municipal budget. By doing so, the foundation aims to enhance the educational experience and opportunities for students in the community.
Official website here: www.rockport.k12.ma.us/edfound
What is the revenue of The Educational Foundation For Rockport Inc?
The Educational Foundation For Rockport Inc's revenue in 2023 was $82,985.
Official website here: www.rockport.k12.ma.us/edfound
Who are the executives of The Educational Foundation For Rockport Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.rockport.k12.ma.us/edfound
Where can I find the form 990 for The Educational Foundation For Rockport Inc?
The Educational Foundation For Rockport Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rockport.k12.ma.us/edfound
Learn more at the official website: www.rockport.k12.ma.us/edfound
Mission Statement of The Educational Foundation For Rockport Inc
The Educational Foundation for Rockport, a nonprofit organization, is committed to supporting local public school programs. Their mission is twofold: firstly, they provide scholarships to graduating students, offering financial aid to help these young individuals pursue their academic goals beyond high school. Secondly, they offer financial assistance to specific Rockport public school programs that are not funded through the municipal budget. By doing so, they ensure that these essential educational initiatives receive the necessary resources to thrive, benefiting the entire community.
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Impact
August, 2024
The impact of The Educational Foundation for Rockport Inc is significant in supporting local public school programs in Rockport. By providing scholarships to graduating students and offering financial assistance to specific programs that are not funded through the municipal budget, the foundation contributes to the enrichment and enhancement of educational opportunities for students in the community. Through its mission of supporting education, the foundation plays a crucial role in promoting academic success and future prospects for students in Rockport.
This information is meant to be a general summary of The Educational Foundation For Rockport Inc. 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 2023.
- Investment Income: $13,927
- Program Service Revenue: $22,285
- Gross Receipts: $110,802
Assets and Liabilities:
- Total Assets: $734,930
- Total Liabilities: $0
- Net Assets: $734,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOTIF 1 RUN
Revenue
$22,285
Organization Details
Founding Year
1997
Principal Officer
James Gutstadt
NTEE Category
Code: B99I - Education
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