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Holtville Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141943294 ✦ Holtville, CA ✦ Designated as a 501(c)(3)

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Overview

What is Holtville Education Foundation Inc?

Holtville Education Foundation Inc is a nonprofit organization situated in Holtville, California, specifically at 621 East Sixth Street. Its primary mission is to bolster the Holtville Unified School District by offering additional resources to enhance and improve educational and academic programs for its students. This includes promoting and providing college scholarships for graduates of Holtville High School. By doing so, the foundation aims to enrich and expand the learning experiences of students within the district, ultimately fostering their academic success and future prospects.

What are the reviews and ratings of this charity?

Charity Navigator Rating: One-Star out of Four Stars (50%)

Holtville Education Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 50% overall, with particular weaknesses in governance, such as a lack of independent board members and missing essential policies like conflict of interest and whistleblower protections. These deficiencies raise questions about the organization's transparency and oversight.

Despite these shortcomings, Holtville Education Foundation Inc demonstrates a strong commitment to its mission, reflected in its impressive program expense ratio of 97.19%. This suggests that a substantial portion of its resources is directed toward programs rather than administrative costs. Additionally, the charity has shown no material diversion of assets, indicating financial integrity in its operations.

However, the absence of key documentation, such as meeting minutes and tax forms on its website, highlights a need for improvement in transparency. To enhance its credibility and effectiveness, the foundation would benefit from addressing these governance issues and implementing required policies that ensure accountability to its stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Holtville Education Foundation Inc legitimate?

Holtville Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holtville 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.


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

What is the mission statement of Holtville Education Foundation Inc?

The Holtville Education Foundation Inc's mission is centered around providing additional resources to enhance educational and academic programs for students within the Holtville Unified School District. This nonprofit organization aims to support these initiatives and further promote higher education by offering college scholarships to graduates from Holtville High School. In essence, their goal is to bolster the educational experiences and prospects of the district's students.

Who is the CEO of Holtville Education Foundation Inc?

Ian Wells is the President of Holtville Education Foundation Inc.

What is the revenue of Holtville Education Foundation Inc?

Holtville Education Foundation Inc's revenue in 2022 was $79,511.

Who are the executives of Holtville Education Foundation Inc and what are their salaries?


Here are 3 key members and their salaries:


Mary Bornt (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Paul Wells (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian Wells (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Holtville Education Foundation Inc?

Holtville Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Holtville Education Foundation Inc

The Holtville Education Foundation Inc has a primary objective and mission to contribute additional resources to the Holtville Unified School District. This nonprofit organization aims to enhance and support educational and academic programs and opportunities for the students within the district. Furthermore, the Holtville Education Foundation Inc is committed to promoting and providing college scholarships for graduates of Holtville High School. By doing so, this foundation aims to empower and support the academic growth and future prospects of its students.

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Impact




August, 2024

Holtville Education Foundation Inc's impact revolves around providing additional resources to the Holtville Unified School District to support and enhance educational and academic programs for students. Additionally, the organization promotes and provides college scholarships to Holtville High School graduates. Through these initiatives, Holtville Education Foundation Inc plays a crucial role in empowering students, enriching educational opportunities, and fostering a pathway to higher education for the youth in the community.




This information is meant to be a general summary of Holtville 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.

Revenue
$79,511 (2022)
Expenses
$72,376 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27,581
  • Gross Receipts: $262,040

Assets and Liabilities:

  • Total Assets: $594,856
  • Total Liabilities: $0
  • Net Assets: $594,856

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Organization Details

Principal Officer

Ian Wells

Main Address

621 EAST SIXTH ST, HOLTVILLE, CA, 92250

NTEE Category

Code: B82 - Education

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