Overview
What is Cheshire Education Foundation Inc?
Cheshire Education Foundation Inc is a nonprofit organization situated in Cheshire, Connecticut. Their primary mission is to support and enhance public education within the community, aiming to supplement and augment learning experiences beyond what is provided by the standard educational system. The foundation accomplishes this mission by administering eight annual scholarships to deserving graduates from Cheshire High School. These scholarships are funded through donations and are merit-based, considering academic achievements, citizenship, and financial need in certain cases. The foundation's work is crucial in recognizing and supporting the educational growth of local students.
Official website here: www.cheshireed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Cheshire Education Foundation Inc has received a solid rating of 83%, reflecting good accountability and financial management. The organization stands out for having a fully independent board, scoring 10 out of 10 in both the majority independent board members and independent board size categories. It has demonstrated effective financial practices, evidenced by a high program expense ratio of 91.94%, indicating that a significant portion of its expenses directly supports its educational initiatives.
However, the foundation does have areas that require improvement. It lacks key policies, including a whistleblower policy and a document retention and destruction policy, which received a score of zero. These omissions could raise concerns about transparency and governance practices. Despite these limitations, the organization's financial health is strong, with no liabilities reported, showcasing its commitment to responsible fiscal management.
Overall, while the foundation shows commendable strengths in governance and financial efficiency, addressing its policy gaps would enhance its accountability and bolster trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cheshire Education Foundation Inc legitimate?
Cheshire Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cheshire Education Foundation 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.cheshireed.org
What is the mission statement of Cheshire Education Foundation Inc?
The Cheshire Education Foundation Inc's primary objective is to enhance and supplement public education. They achieve this by administering various scholarships annually, funded through donations to the foundation. These scholarships are awarded to graduating seniors from Cheshire High School, taking into account their academic achievements, citizenship, and in some cases, financial need. The foundation's mission is to contribute positively to the educational growth and development of its recipients.
Official website here: www.cheshireed.org
Who is the CEO of Cheshire Education Foundation Inc?
Derek Gromko is the Chairman of Cheshire Education Foundation Inc.
Official website here: www.cheshireed.org
What is the revenue of Cheshire Education Foundation Inc?
Cheshire Education Foundation Inc's revenue in 2022 was $22,697.
Official website here: www.cheshireed.org
Who are the executives of Cheshire Education Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.cheshireed.org
Where can I find the form 990 for Cheshire Education Foundation Inc?
Cheshire Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cheshireed.org
Learn more at the official website: www.cheshireed.org
Mission Statement of Cheshire Education Foundation Inc
Cheshire Education Foundation Inc, as per its primary mission, aims to supplement and enhance public education in an unspecified location. The organization achieves this by administering a series of scholarships annually. These scholarships are funded through donations to the foundation and are designed to support graduating seniors from Cheshire High School. The criteria for these scholarships are based on academic achievements, citizenship, and in certain cases, financial need. By providing these scholarships, Cheshire Education Foundation Inc contributes to the education and future prospects of young individuals, thereby augmenting the overall quality of education in the community.
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Impact
August, 2024
Cheshire Education Foundation Inc's impact can be seen through its dedication to enhancing public education in Cheshire, Connecticut. Through the administration of eight scholarships annually, the organization supports graduating Cheshire High School seniors in pursuing higher education. These scholarships, funded by donations to the foundation, acknowledge achievements in academics, citizenship, and financial need. By providing this vital support, Cheshire Education Foundation Inc contributes to the educational growth and success of students in the community.
This information is meant to be a general summary of Cheshire Education Foundation 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 2022.
- Gross Receipts: $23,267
Assets and Liabilities:
- Total Assets: $1,208,942
- Total Liabilities: $0
- Net Assets: $1,208,942
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Organization Details
Founding Year
1995
Phone
(203) 250-2400Principal Officer
Derek Gromko
Main Address
PO BOX 7, CHESHIRE, CT, 06410
Website
www.cheshireed.orgNTEE Category
Code: T99 - Philanthropy
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