Overview
What is Onondaga Central School Education Foundation?
The Onondaga Central School Education Foundation is a not-for-profit organization that focuses on providing educational assistance through annual scholarships. In the recent year of 2022, they granted 23 scholarships to eligible recipients, amounting to a total of $37,350. Beyond scholarship awards, the foundation also strives to augment its endowment fund, aiming to expand its capacity to support future educational endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 73%)
The Onondaga Central School Education Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational practices. While the organization has excelled in accountability and finance with a perfect score of 100%, it has significant shortcomings in transparency, as highlighted by the absence of several key policies and information on its website.
The foundation demonstrates a strong governance structure, with an entirely independent board and no material diversion of assets. Its program expense ratio is commendable at 77.22%, suggesting that a large portion of its resources is directed toward its educational programs. However, the lack of essential policies such as a conflict of interest policy, whistleblower policy, and document retention policy raises concerns regarding its operational integrity.
Overall, while the foundation shows promise in its financial management and governance, the missing transparency measures and publicly available documents could hinder its credibility and effectiveness in the eyes of potential donors and stakeholders. Addressing these gaps will be crucial for the foundation to improve its standing and enhance public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Onondaga Central School Education Foundation legitimate?
Onondaga Central School Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onondaga Central School Education 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.
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What is the mission statement of Onondaga Central School Education Foundation?
The Onondaga Central School Education Foundation's primary mission involves providing annual scholarships to eligible applicants. In 2022, they distributed 23 such awards, amounting to $37,350. Beyond this, the foundation also strives to expand its endowment fund. This expansion is a key component of their mission, aiming to secure a continuous source of funding for future educational opportunities.
Who is the CEO of Onondaga Central School Education Foundation?
Robert Whitwell is the President of Onondaga Central School Education Foundation.
What is the revenue of Onondaga Central School Education Foundation?
Onondaga Central School Education Foundation's revenue in 2022 was $28,942.
Who are the executives of Onondaga Central School Education Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Onondaga Central School Education Foundation?
Onondaga Central School Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Onondaga Central School Education Foundation
The Onondaga Central School Education Foundation, as a nonprofit organization, is committed to awarding scholarships annually to deserving applicants. Its mission involves providing financial assistance to qualified individuals, with 23 such awards distributed in 2022, amounting to a total of $37,350. Beyond scholarships, the foundation also seeks to expand its endowment fund, aiming to increase its resources for future scholarship programs.
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Impact
August, 2024
The impact of the Onondaga Central School Education Foundation is significant, as it awards annual scholarships to qualifying applicants. In 2022, the foundation distributed 23 scholarship awards totaling $37,350. This financial support plays a crucial role in assisting students in pursuing higher education and achieving their academic goals. Additionally, the foundation's efforts to increase the size of its endowment fund indicate a long-term commitment to providing ongoing support to students in the future. Overall, the foundation's work directly benefits individuals by providing financial assistance for college education.
This information is meant to be a general summary of Onondaga Central School Education 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: $9,012
- Gross Receipts: $35,695
Assets and Liabilities:
- Total Assets: $447,092
- Total Liabilities: $0
- Net Assets: $447,092
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Organization Details
Founding Year
1984
Principal Officer
Robert Whitwell
Main Address
3479 CHERRY VALLEY TURNPIKE, SYRACUSE, NY, 13215
NTEE Category
Code: B82 - Education
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