Overview
What is Lps Education Foundation Inc?
Lps Education Foundation Inc is a nonprofit organization situated in Livonia, Michigan. Their primary focus is to enlarge the resources accessible for the local school district, ultimately fostering and expanding educational opportunities for students. This is achieved by establishing effective collaborations and contributing to the establishment of college savings programs. Through grant applications and acceptance, they provide financial assistance to teachers within the district, further enhancing educational prospects. With a single employee, the foundation works diligently to support and improve the educational landscape of the community.
Official website here: www.lpsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating
Lps Education Foundation Inc has received a commendable score of 80% from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization boasts a fully independent board, comprising 12 members, and has performed well in various financial metrics, including a low liabilities to assets ratio of 0.19% and a program expense ratio of 72.20%. These figures suggest that the charity is effectively allocating a significant portion of its resources towards its programs.
Despite these strengths, there are notable areas for improvement. The foundation is missing critical policies such as a whistleblower policy and a document retention and destruction policy, which could undermine its accountability framework. Additionally, the absence of documented board meeting minutes and failure to post its tax form on its website reflects a lack of transparency that potential donors and stakeholders may find concerning.
Overall, while Lps Education Foundation Inc demonstrates a strong commitment to its mission and has a well-structured board, addressing its transparency and policy gaps would enhance its standing and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lps Education Foundation Inc legitimate?
Lps Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lps 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lpsfoundation.org
What is the mission statement of Lps Education Foundation Inc?
The LPS Education Foundation Inc's mission is to expand and enhance educational opportunities for students by increasing available resources in the school district. This is achieved through fostering effective collaborations and contributing to the establishment of college savings programs. By doing so, the foundation aims to foster a conducive learning environment that positively impacts students' lives. Grants are provided to teachers based on their applications and acceptance, further supporting these initiatives.
Official website here: www.lpsfoundation.org
Who is the CEO of Lps Education Foundation Inc?
Donna G Blauet is the Executive Director(Non-Vote) of Lps Education Foundation Inc.
Official website here: www.lpsfoundation.org
What is the revenue of Lps Education Foundation Inc?
Lps Education Foundation Inc's revenue in 2023 was $118,401.
Official website here: www.lpsfoundation.org
Who are the executives of Lps Education Foundation Inc and what are their salaries?
The average compensation at Lps Education Foundation Inc during 2023 was $40,000. There is 1 employee and 75 volunteers at Lps Education Foundation Inc.
Here are 17 key members and their salaries:
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Official website here: www.lpsfoundation.org
Where can I find the form 990 for Lps Education Foundation Inc?
Lps Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lpsfoundation.org
Learn more at the official website: www.lpsfoundation.org
Mission Statement of Lps Education Foundation Inc
Lps Education Foundation Inc's mission is centered around enlarging the resources available for local school districts. This mission aims to foster and expand educational opportunities for various student programs. By building effective collaborations, the foundation contributes to establishing college savings programs. This mission ultimately seeks to bolster the educational landscape, providing students with enhanced possibilities for growth and development.
In essence, Lps Education Foundation Inc serves as a catalyst for educational advancement. It achieves this by providing financial support to teachers within the Livonia Public School district, based on grant applications and acceptance. This financial aid enables teachers to implement innovative programs and initiatives, thereby improving the overall educational experience for their students. By contributing to the establishment of college savings programs, the foundation helps students and their families plan for higher education, further expanding the scope of their future opportunities.
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Impact
October, 2024
Lps Education Foundation Inc significantly enhances the educational landscape within the Livonia school district by expanding resources and fostering collaborations that directly benefit students. Through grant initiatives, the foundation empowers teachers by funding innovative programs that address diverse educational needs. These grants, awarded based on applications from educators, facilitate unique learning opportunities and enhance classroom experiences.
Additionally, the foundation contributes to the establishment of college savings programs, promoting long-term educational aspirations among students and encouraging families to invest in higher education. By building effective partnerships within the community, Lps Education Foundation Inc plays a crucial role in creating a supportive and enriched environment that nurtures student growth and prepares them for future success.
This information is meant to be a general summary of Lps 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 2023.
- Investment Income: $12,559
- Gross Receipts: $118,401
Assets and Liabilities:
- Total Assets: $1,285,136
- Total Liabilities: $2,525
- Net Assets: $1,282,611
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Organization Details
Founding Year
2004
Phone
(734) 464-3660Principal Officer
Donna G Blauet
Main Address
15125 FARMINGTON RD, LIVONIA, MI, 48154
Website
www.lpsfoundation.orgNTEE Category
Code: B11 - Education
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