Overview
What is Heart Of Iowa School Tuition Organization Inc?
Heart of Iowa School Tuition Organization Inc, based in Urbandale, Iowa, is a nonprofit organization dedicated to elementary and secondary education. Their primary mission involves distributing scholarships from raised funds to low-income families, defined as households earning less than four times the poverty level. The organization consistently adheres to the state's requirement of distributing at least 90% of these funds to eligible families. In the previous year covered by the provided form, an impressive 99% of the donations were allocated to low-income students attending state-accredited non-public schools.
Official website here: www.heartofiowasto.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85% (Three-Star out of Four Star rating)
Heart Of Iowa School Tuition Organization Inc has received a solid Three-Star rating from Charity Navigator, primarily reflecting its strong performance in accountability and finance. With an overall score of 85%, the organization demonstrates a commitment to transparency and efficient fund management, evidenced by a high program expense ratio of 99.39% and zero liabilities.
The organization showcases a fully independent board with a perfect score of 10 out of 10. Additionally, there are no reported material diversions of assets, indicating sound financial practices. However, it is notable that the charity lacks a whistleblower policy, which may raise concerns about internal governance and accountability.
Overall, Heart Of Iowa School Tuition Organization Inc appears to prioritize its mission effectively while maintaining a strong financial standing. The absence of a whistleblower policy is a limitation that the organization may want to address to enhance its governance framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Heart Of Iowa School Tuition Organization Inc legitimate?
Heart Of Iowa School Tuition Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heart Of Iowa School Tuition Organization 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.heartofiowasto.org
What is the mission statement of Heart Of Iowa School Tuition Organization Inc?
Heart of Iowa School Tuition Organization Inc's mission is centered around providing elementary and secondary education. They accomplish this by distributing scholarships from the funds they raise, specifically to families with income levels lower than four times the poverty level. The organization adheres to the state's requirement of distributing at least 90% of the funds to these families, and typically, over 99% of the donations are allocated to students attending state-accredited non-public schools. Their primary goal is to make quality education accessible to low-income families, contributing to the educational growth and opportunities of these students.
Official website here: www.heartofiowasto.org
Who is the CEO of Heart Of Iowa School Tuition Organization Inc?
Tyler Teske is the President of Heart Of Iowa School Tuition Organization Inc.
Official website here: www.heartofiowasto.org
What is the revenue of Heart Of Iowa School Tuition Organization Inc?
Heart Of Iowa School Tuition Organization Inc's revenue in 2022 was $2,822,143.
Official website here: www.heartofiowasto.org
Who are the executives of Heart Of Iowa School Tuition Organization Inc and what are their salaries?
There 19 volunteers at Heart Of Iowa School Tuition Organization Inc.
Here are 19 key members and their salaries:
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Official website here: www.heartofiowasto.org
Where can I find the form 990 for Heart Of Iowa School Tuition Organization Inc?
Heart Of Iowa School Tuition Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heartofiowasto.org
Learn more at the official website: www.heartofiowasto.org
Mission Statement of Heart Of Iowa School Tuition Organization Inc
Heart of Iowa School Tuition Organization Inc is dedicated to providing educational opportunities for low-income families. Defined as households earning less than four times the poverty level, these families are the primary recipients of the organization's scholarships. The organization adheres to a state requirement, ensuring that at least 90% of the funds are distributed to these families. Remarkably, this commitment often extends to 99% of the donations, benefiting students enrolled in state-accredited non-public schools. In essence, Heart of Iowa School Tuition Organization Inc plays a significant role in expanding access to quality education for economically disadvantaged families, thereby empowering their children with the chance to pursue a better future.
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Impact
October, 2024
Heart of Iowa School Tuition Organization Inc has a significant impact on the educational landscape for low-income families in Iowa. By providing scholarships to families earning less than four times the poverty level, the organization helps bridge the financial gap that might prevent children from attending state-accredited non-public schools. This initiative not only increases access to quality education for underserved populations but also promotes educational diversity and choice.
The organization consistently exceeds state requirements by distributing approximately 99% of funds raised, ensuring that nearly all resources are directed towards supporting these families. By doing so, it empowers parents to choose educational environments that align with their values and aspirations for their children, fostering a sense of agency and involvement in their children's education.
Through their efforts, Heart of Iowa School Tuition Organization plays a crucial role in enhancing educational opportunities for low-income families, ultimately contributing to the broader goal of educational equity in the community. This commitment helps transform lives, offering students a chance to thrive academically and socially, regardless of their socioeconomic status.
This information is meant to be a general summary of Heart Of Iowa School Tuition Organization 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.
- Investment Income: $3,500
- Gross Receipts: $2,822,143
Assets and Liabilities:
- Total Assets: $2,747,567
- Total Liabilities: $0
- Net Assets: $2,747,567
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Organization Details
Founding Year
2006
Phone
(641) 204-1893Principal Officer
Tyler Teske
Main Address
13007 DOUGLAS PKWY STE 100, URBANDALE, IA, 50323
Website
www.heartofiowasto.orgNTEE Category
Code: B82 - Education
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