Overview
What is Newport News Educational Foundation?
The Newport News Educational Foundation is a nonprofit organization situated in Newport News, Virginia. Its primary mission is to foster a collaborative partnership between the local school board and the Newport News Public School Division, aiming to equip students with the necessary skills and knowledge to excel in their chosen educational, career, and life pursuits. To accomplish this, the foundation supports initiatives aimed at improving public schools, as approved by the local school board. One of its notable programs is the Wayne D. Lett Scholarship, which is a merit-based award granted to a senior from a Newport News school who intends to become a public school teacher, with the condition of serving in Newport News schools for three consecutive years post-graduation. The foundation's address is 12465 Warwick Boulevard, Newport News, VA 23606.
Official website here: www.sbo.nn.k12.va.us/nnef/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Newport News Educational Foundation has earned a Three-Star rating from Charity Navigator, indicating a solid performance primarily in accountability and finance. The foundation showcases strengths such as a fully independent board composed of 27 members and a favorable liabilities to assets ratio of 0.00%, which reflects strong financial health. Additionally, it boasts a high program expense ratio of 94.89%, suggesting that the majority of its funds are directed toward its educational initiatives.
Despite its strengths, the foundation has significant areas for improvement, particularly regarding governance policies. The absence of a conflict of interest policy, whistleblower policy, and guidelines for document retention and destruction may raise concerns about transparency and accountability. These missing policies resulted in lower scores in these specific areas, which can impact overall trust and credibility.
Overall, while the Newport News Educational Foundation demonstrates good financial management and a commitment to its mission, addressing its governance deficiencies could enhance its operational effectiveness and reinforce stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Newport News Educational Foundation legitimate?
Newport News Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newport News Educational Foundation 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.sbo.nn.k12.va.us/nnef/
What is the mission statement of Newport News Educational Foundation?
The Newport News Educational Foundation's mission is centered around supporting the local school board and the public school division in their efforts to prepare students for their future endeavors. By implementing public-private partnerships, the foundation aims to implement approved school improvement projects that equip students with the necessary skills and knowledge to compete successfully in their chosen educational, career, and life pursuits. The foundation serves as a catalyst for enhancing the educational system, ultimately contributing to the students' overall development and future success.
Official website here: www.sbo.nn.k12.va.us/nnef/
Who is the CEO of Newport News Educational Foundation?
Myra Legg is the President of Newport News Educational Foundation.
Official website here: www.sbo.nn.k12.va.us/nnef/
What is the revenue of Newport News Educational Foundation?
Newport News Educational Foundation's revenue in 2023 was $56,337.
Official website here: www.sbo.nn.k12.va.us/nnef/
Who are the executives of Newport News Educational Foundation and what are their salaries?
Here are 28 key members and their salaries:
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Official website here: www.sbo.nn.k12.va.us/nnef/
Where can I find the form 990 for Newport News Educational Foundation?
Newport News Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sbo.nn.k12.va.us/nnef/
Learn more at the official website: www.sbo.nn.k12.va.us/nnef/
Mission Statement of Newport News Educational Foundation
The Newport News Educational Foundation's mission is centered around supporting the Newport News School Board and the Newport News Public School Division. This nonprofit organization strives to aid these educational institutions in their endeavors to prepare students for the workforce. By implementing a public-private partnership, the Foundation seeks to execute approved public school improvement projects. The ultimate goal is to equip students with the necessary skills and knowledge, enabling them to excel in their chosen educational, career, and life pursuits, thereby competing successfully in their respective fields.
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Impact
August, 2024
The Newport News Educational Foundation has a significant impact on the local community by supporting the efforts of the Newport News School Board and the Newport News Public School Division. They work to prepare students to successfully enter the workforce with the necessary skills and knowledge to excel in their chosen educational, career, and life paths. One notable program under their umbrella is the Wayne D. Lett Scholarship Program, which aims to assist Newport News school seniors who aspire to become public school teachers. This merit-based award honors the legacy of Wayne D. Lett, a former superintendent of NNPS. Recipients of this scholarship commit to teaching in Newport News for three consecutive years post-graduation, thus contributing directly to the local educational system's growth and development. Overall, the Foundation's initiatives embody a public-private partnership model that implements approved public school improvement projects, further enhancing the quality of education in Newport News.
This information is meant to be a general summary of Newport News Educational Foundation. 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: $42
- Gross Receipts: $56,337
Assets and Liabilities:
- Total Assets: $219,840
- Total Liabilities: $0
- Net Assets: $219,840
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Organization Details
Founding Year
2002
Phone
(757) 591-4936Principal Officer
Myra Legg
Main Address
12465 WARWICK BOULEVARD, NEWPORT NEWS, VA, 23606
Website
www.sbo.nn.k12.va.us/nnef/NTEE Category
Code: B80 - Education
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