Overview
What is Legacy Of Grace School Tuition Org?
Legacy of Grace School Tuition Organization, situated in Oskaloosa, Iowa, is a nonprofit entity committed to supporting families with financial constraints. They offer scholarships to eligible students attending accredited K-12 nonpublic schools in Iowa, abiding by federal Civil Rights Act and state regulations. The scholarship amount, up to four times the federal poverty guidelines, is distributed directly to selected schools to assist eligible families, as defined by their income level. In addition, the organization makes donations to not-for-profit organizations promoting private education in Iowa. Legacy of Grace School Tuition Organization aims to solicit public contributions to assist with tuition expenses in Iowa's nonpublic schools, thereby enabling more students to access quality education.
Official website here: www.logsto.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Legacy Of Grace School Tuition Org has achieved a Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance with an impressive score of 92%. The charity's financial practices are robust, demonstrated by a 97.40% program expense ratio, indicating that the majority of its funds are directed towards its mission rather than administrative costs. Additionally, the organization benefits from a fully independent board, which is critical for governance and oversight.
The organization has several strengths, including a comprehensive conflict of interest policy and thorough financial statements that have been reviewed or compiled. It also shows strong fiscal health, with a liabilities-to-assets ratio of 0.00%, suggesting that it operates without debt. However, it is worth noting that the charity is missing a whistleblower policy, which could be an area for improvement in terms of transparency and integrity.
Overall, Legacy Of Grace School Tuition Org demonstrates a commitment to accountability and effective financial management, making it a trustworthy option for donors looking to support educational initiatives. The absence of certain policies may warrant further attention, but the charity's strengths significantly outweigh its limitations.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Of Grace School Tuition Org legitimate?
Legacy Of Grace School Tuition Org is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Of Grace School Tuition Org 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
Official website here: www.logsto.org
What is the mission statement of Legacy Of Grace School Tuition Org?
Legacy of Grace School Tuition Org's mission is centered around soliciting public contributions to offer scholarships for families in need. These scholarships aim to alleviate tuition expenses for students in grades K-12 attending accredited, non-public schools. The organization adheres to income eligibility guidelines, providing financial assistance to families whose annual income does not exceed four times the federal poverty guidelines. In the previous year, Legacy of Grace School Tuition Org distributed over $450,000 in scholarships and an additional $10,890 to organizations promoting private education.
Official website here: www.logsto.org
Who is the CEO of Legacy Of Grace School Tuition Org?
Joel Groenenboom is the President of Legacy Of Grace School Tuition Org.
Official website here: www.logsto.org
What is the revenue of Legacy Of Grace School Tuition Org?
Legacy Of Grace School Tuition Org's revenue in 2023 was $551,213.
Official website here: www.logsto.org
Who are the executives of Legacy Of Grace School Tuition Org and what are their salaries?
There 8 volunteers at Legacy Of Grace School Tuition Org.
Here are 8 key members and their salaries:
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Official website here: www.logsto.org
Where can I find the form 990 for Legacy Of Grace School Tuition Org?
Legacy Of Grace School Tuition Org's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.logsto.org
Learn more at the official website: www.logsto.org
Mission Statement of Legacy Of Grace School Tuition Org
Legacy of Grace School Tuition Organization's primary mission is to collect funds from the public for a noble cause. This nonprofit organization aims to provide financial assistance in the form of scholarships to families in need, specifically those residing in Iowa. The scholarships are designed to help cover tuition expenses for their children attending accredited, non-public schools in grades K-12. The organization adheres to income eligibility criteria, ensuring that families whose annual income does not surpass four times the federal poverty guidelines are eligible for these scholarships. In the previous year, Legacy of Grace School Tuition Organization distributed a significant amount of $451,200 in scholarships, directly benefiting 7 accredited, non-public schools in Iowa. Additionally, the organization donated $10,890 to unrelated, not-for-profit organizations in Iowa, further promoting private education.
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Impact
July, 2024
Legacy Of Grace School Tuition Org's impact is evident in the $451,200 it distributed in the form of scholarships to eligible students attending nonpublic K-12 schools in the state of Iowa. By providing tuition assistance to families who meet specific income criteria, the organization has enabled children to access quality education in accredited non-public schools. Additionally, Legacy Of Grace School Tuition Org also contributed $10,890 to unrelated not-for-profit organizations promoting private education in Iowa, further supporting the education sector in the state. Through these efforts, the organization is helping to make education more accessible and affordable for families in need.
This information is meant to be a general summary of Legacy Of Grace School Tuition Org. 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: $3,418
- Gross Receipts: $551,213
Assets and Liabilities:
- Total Assets: $572,432
- Total Liabilities: $0
- Net Assets: $572,432
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Organization Details
Founding Year
2006
Phone
(641) 673-6913Principal Officer
Joel Groenenboom
Main Address
620 N 11TH ST, OSKALOOSA, IA, 52577
Website
www.logsto.orgNTEE Category
Code: B82 - Education
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