Overview
What is Ceo Foundation Of Ct Inc?
The Ceo Foundation of CT Inc., located in Madison, Connecticut, is a small yet impactful nonprofit organization. Their primary mission is to provide scholarships for low-income children residing in Hartford, East Hartford, Bridgeport, Waterbury, or New Haven. This financial aid allows these students to attend a private school of their choice, subject to certain guidelines and eligibility requirements. The foundation's activities are aligned with this mission, as they offer tuition assistance to enable inner-city elementary school age students to attend private schools. In essence, the Ceo Foundation of CT Inc. strives to ensure equal access to quality education for children from low-income families in Connecticut.
Official website here: www.ceoct.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
The CEO Foundation of CT Inc. has earned a commendable Four-Star rating on Charity Navigator, indicating a strong commitment to accountability and financial health. With an impressive Accountability & Finance Score of 92 and a significant Program Expense Ratio of 83.66%, the organization demonstrates efficient use of donor funds to further its mission. The foundation's financial structure is solid, with no liabilities reported against its assets and a fully independent board, which enhances its credibility.
User feedback highlights the impactful work of the Kids' Scholarship Fund, which the foundation supports. Reviewers, including board members, commend the organization for providing critical scholarships that enable economically disadvantaged families to afford private education. Testimonials reflect a strong belief in the program’s effectiveness, with recipients achieving significant academic improvements after entering suitable educational environments.
While the feedback is overwhelmingly positive, the focus on educational support suggests that the foundation's scope may be limited primarily to scholarship assistance rather than a broader range of services. Nonetheless, the organization's accountability and commitment to tracking program outcomes position it as a valuable resource for families seeking educational opportunities in Connecticut.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Ceo Foundation Of Ct Inc legitimate?
Ceo Foundation Of Ct Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ceo Foundation Of Ct 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $52,158
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ceoct.org
What is the mission statement of Ceo Foundation Of Ct Inc?
The CEO Foundation of CT Inc., in its mission, aims to provide equal access to quality education for children from low-income families. This is achieved through the granting of scholarships, enabling these children to attend a private school of their choice, subject to guidelines and eligibility requirements. The organization's activities are focused on Hartford, East Hartford, Bridgeport, Waterbury, and New Haven, with the goal of offering these children educational opportunities beyond their current circumstances.
Official website here: www.ceoct.org
Who is the CEO of Ceo Foundation Of Ct Inc?
Lewis Andrews is the Chair & Interim Executive Director of Ceo Foundation Of Ct Inc.
Official website here: www.ceoct.org
What is the revenue of Ceo Foundation Of Ct Inc?
Ceo Foundation Of Ct Inc's revenue in 2023 was $538,610.
Official website here: www.ceoct.org
Who are the executives of Ceo Foundation Of Ct Inc and what are their salaries?
The average compensation at Ceo Foundation Of Ct Inc during 2023 was $52,158. There is 1 employee and 6 volunteers at Ceo Foundation Of Ct Inc.
Here are 7 key members and their salaries:
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- Compensation: $111,481
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Official website here: www.ceoct.org
Where can I find the form 990 for Ceo Foundation Of Ct Inc?
Ceo Foundation Of Ct Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ceoct.org
Learn more at the official website: www.ceoct.org
Mission Statement of Ceo Foundation Of Ct Inc
The CEO Foundation of CT Inc. is committed to providing equal access to quality education for children residing in low-income households in Connecticut. This mission is accomplished through the distribution of scholarships, enabling these children to attend a private school of their choice. The foundation focuses on supporting students from Hartford, East Hartford, Bridgeport, Waterbury, and New Haven, ensuring that financial constraints do not hinder their educational opportunities. By offering scholarships, the CEO Foundation of CT Inc. seeks to level the playing field, allowing these children to benefit from the educational resources available at private schools, thereby broadening their prospects for the future.
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Impact
July, 2024
Ceo Foundation Of Ct Inc's impact lies in providing tuition assistance to low-income elementary school-age students in Hartford, East Hartford, Bridgeport, Waterbury, and New Haven. By awarding scholarships, the organization enables these children to attend a private school of their choice, thereby giving them access to a quality education that may otherwise be out of reach due to financial constraints. Through its mission to provide equal educational opportunities, Ceo Foundation Of Ct Inc positively impacts the lives of children in Connecticut and helps empower them to reach their full potential.
This information is meant to be a general summary of Ceo Foundation Of Ct 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: $444,680
- Gross Receipts: $1,287,915
Assets and Liabilities:
- Total Assets: $12,347,688
- Total Liabilities: $0
- Net Assets: $12,347,688
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Organization Details
Founding Year
1998
Phone
(203) 608-4848Principal Officer
Lewis Andrews
Main Address
PO BOX 833, MADISON, CT, 06443
Website
www.ceoct.orgNTEE Category
Code: B82 - Education
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