Overview
What is New London-Spicer Educational Foundation?
The New London-Spicer Educational Foundation is a nonprofit organization located in New London, Minnesota. Its primary purpose is to enhance the quality of education and educational opportunities for students within the New London-Spicer School District. They achieve this by providing innovative programs and projects, acting as a resource to distribute financial and other essential resources for the benefit of these students. The foundation's mission is deeply rooted in its commitment to improving the learning environment and creating opportunities for growth within the district.
Official website here: www.nls.k12.mn.us/educationalfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating. The New London-Spicer Educational Foundation has received a low rating primarily due to its weaknesses in accountability and financial metrics. While the organization boasts a fully independent board and has no diversion of assets, it has notable deficiencies in transparency, particularly regarding its whistleblower and document retention policies.
The foundation's financial efficiency is concerning, as indicated by a program expense ratio of only 43.91%, suggesting that a significant portion of resources may not be directed towards programs. Furthermore, the organization has a 0% liability to assets ratio, which raises questions about its financial management practices.
Overall, while the foundation meets some governance benchmarks, such as a fully independent board and documented meeting minutes, the lack of critical policies and the low efficiency in program spending significantly impacts its overall rating and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New London-Spicer Educational Foundation?
80% of the 37 reviewers on Facebook recommend the New London-Spicer Educational Foundation. Here is a summary of their reviews:
Many users express a strong sense of loyalty and satisfaction toward the school district. Alumni fondly reflect on their positive experiences during their education, indicating that they hold a deep appreciation for the institution. Current parents echo these sentiments, noting that their children are thriving in the educational environment and are eager to attend.
The foundation seems to be genuinely valued by the community, with several remarks highlighting the dedication of the staff and the quality of education provided. Overall, the positive sentiment suggests that this nonprofit effectively supports its educational mission and contributes positively to the lives of students and families in the area.
This AI summary has been generated from reviews found on Facebook.
Is New London-Spicer Educational Foundation legitimate?
New London-Spicer Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New London-Spicer 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.nls.k12.mn.us/educationalfoundation
What is the mission statement of New London-Spicer Educational Foundation?
The New London-Spicer Educational Foundation's mission is centered around improving the quality of education and expanding educational opportunities for students within its district. The organization actively works towards generating and distributing financial and other resources to benefit these students. One of their key activities includes providing innovative programs and projects that can positively impact the educational experiences of these students.
Official website here: www.nls.k12.mn.us/educationalfoundation
Who is the CEO of New London-Spicer Educational Foundation?
Lisa Bergh is the President of New London-Spicer Educational Foundation.
Official website here: www.nls.k12.mn.us/educationalfoundation
What is the revenue of New London-Spicer Educational Foundation?
New London-Spicer Educational Foundation's revenue in 2022 was $37,829.
Official website here: www.nls.k12.mn.us/educationalfoundation
Who are the executives of New London-Spicer Educational Foundation and what are their salaries?
There 14 volunteers at New London-Spicer Educational Foundation.
Here are 14 key members and their salaries:
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Official website here: www.nls.k12.mn.us/educationalfoundation
Where can I find the form 990 for New London-Spicer Educational Foundation?
New London-Spicer Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nls.k12.mn.us/educationalfoundation
Learn more at the official website: www.nls.k12.mn.us/educationalfoundation
Mission Statement of New London-Spicer Educational Foundation
The New London-Spicer Educational Foundation is established with a mission to enhance the quality of education and provide educational opportunities for the students within the New London-Spicer School District. This mission is achieved by generating and distributing financial and other resources for the benefit of these students. The foundation's activities are centered around providing innovative programs and projects that cater to the needs and interests of the students within the district. The ultimate goal is to contribute positively to the educational experiences and future prospects of the students, ensuring they have access to the best possible resources and opportunities.
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Impact
August, 2024
The New London-Spicer Educational Foundation plays a significant role in enhancing the quality of education and educational opportunities for students in the New London-Spicer School District. By generating and distributing financial and other resources, the Foundation supports innovative programs and projects that directly benefit the students in the district. Through its dedicated efforts, the Foundation has had a positive impact on the educational experience and opportunities available to the students of New London-Spicer, ultimately contributing to their growth and success.
This information is meant to be a general summary of New London-Spicer 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 2022.
- Investment Income: $15
- Gross Receipts: $37,829
Assets and Liabilities:
- Total Assets: $550,303
- Total Liabilities: $0
- Net Assets: $550,303
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Organization Details
Founding Year
2006
Phone
(320) 354-2252Principal Officer
Lisa Bergh
Main Address
PO BOX 58, NEW LONDON, MN, 56273
NTEE Category
Code: B11 - Education
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