Overview
What is Options In Education Foundation Inc?
Options In Education Foundation Inc, based in Noblesville, Indiana, is a nonprofit organization with a mission to support educational institutions, specifically Options Charter Schools, in the areas of Carmel and Westfield. Established at 18077 River Rd Suite 106, the foundation aims to contribute to the educational sector in these communities. Their activities and mission are focused on fostering the growth and development of the Options Charter Schools in Noblesville and Westfield, ensuring a supportive learning environment for students in these regions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (31%)
Options In Education Foundation Inc has received a Zero-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The low score indicates insufficient financial transparency and lack of readily available financial statements, which are critical for assessing the organization's fiscal health and efficacy.
Despite having a fully independent board and sound governance practices in certain areas, the organization scores poorly on key metrics such as the absence of a whistleblower policy and missing critical documents on its website. The program expense ratio is notably low, suggesting that a minimal portion of funds is directed towards charitable programs, raising questions about the organization's operational effectiveness.
Overall, while Options In Education Foundation Inc has some strengths in governance, the lack of financial transparency and low program spending indicate serious areas for improvement. Potential donors and stakeholders should proceed with caution and consider these factors in their decision-making.
This AI summary has been generated from information found on Charity Navigator.
Is Options In Education Foundation Inc legitimate?
Options In Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Options In 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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What is the mission statement of Options In Education Foundation Inc?
The Options In Education Foundation Inc's mission is centered around supporting educational institutions and Options Charter Schools, specifically in Noblesville and Westfield. Their objective is to contribute to the educational growth and development of these schools, ensuring they receive the necessary support. In essence, the foundation aims to foster an environment conducive to learning and success for students enrolled in these institutions.
Who is the CEO of Options In Education Foundation Inc?
Jack Colwell is the Board Chair of Options In Education Foundation Inc.
What is the revenue of Options In Education Foundation Inc?
Options In Education Foundation Inc's revenue in 2022 was $810,817.
Who are the executives of Options In Education Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Options In Education Foundation Inc?
Options In Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Options In Education Foundation Inc
Options In Education Foundation Inc is committed to supporting educational institutions and Options Charter Schools, specifically in Noblesville and Westfield. The organization's mission is to provide assistance and aid to these educational institutions, ensuring they operate effectively and efficiently. By doing so, Options In Education Foundation Inc aims to contribute positively to the educational landscape, ultimately benefiting the students and communities associated with these schools. The foundation's primary focus is on Options Charter Schools located in Carmel/Westfield and Noblesville. It is not specified in the information provided how exactly the foundation supports these schools, but it can be inferred that they may provide resources, funding, or guidance to enhance the educational experience for students.
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Impact
October, 2024
Options In Education Foundation Inc significantly enhances educational opportunities within the Noblesville and Westfield communities. By focusing on supporting charter schools, the foundation plays a crucial role in bolstering the resources and programs available to students and educators alike. Their efforts contribute to the development of a robust educational environment that empowers students to succeed academically and socially.
Through financial support and various initiatives, Options In Education Foundation Inc helps ensure that the Options Charter Schools in Carmel, Westfield, and Noblesville can provide high-quality education tailored to the needs of their diverse student populations. This support not only impacts individual schools but also strengthens the broader educational landscape in the area, fostering collaboration and innovation in teaching and learning. The foundation’s commitment to education ultimately cultivates a more informed and engaged community, laying the foundation for future generations to thrive.
This information is meant to be a general summary of Options In 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: $810,817
Assets and Liabilities:
- Total Assets: $7,243,218
- Total Liabilities: $3,586,010
- Net Assets: $3,657,208
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Organization Details
Phone
(317) 773-8659Principal Officer
Jack Colwell
Main Address
18077 RIVER RD SUITE 106, NOBLESVILLE, IN, 46062
NTEE Category
Code: B112 - Education
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