Overview
What is Mary Lyon Foundation Inc?
The Mary Lyon Foundation Inc, located in Shelburne Falls, Massachusetts, serves as a dedicated advocate for educational needs within its local community. This nonprofit organization is committed to promoting and fostering educational opportunities within the area, ensuring that local educational necessities are met and thrive. By fulfilling this mission, the Mary Lyon Foundation Inc plays a significant role in empowering the community and nurturing future generations with a strong educational foundation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (51%)
The Mary Lyon Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization demonstrates strengths in governance, with a fully independent board and no material diversion of assets, indicating a commitment to ethical management.
However, the foundation faces notable challenges, particularly in its financial transparency and operational policies. With a program expense ratio of only 56.99%, it has room for improvement in allocating resources effectively towards its mission. Additionally, the absence of key policies such as a conflict of interest policy, whistleblower policy, and proper financial statement reviews raises questions about governance practices.
Overall, while the Mary Lyon Foundation has a robust board structure, its lack of essential operational guidelines and financial transparency may hinder its effectiveness and public trust. The organization would benefit from addressing these shortcomings to enhance its credibility and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Mary Lyon Foundation Inc legitimate?
Mary Lyon Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Lyon 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $86,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,499
For more financial information, click here
What is the mission statement of Mary Lyon Foundation Inc?
The Mary Lyon Foundation Inc, as an educational organization, is committed to supporting and promoting the educational needs within its community. Its mission is geared towards advocating for and enhancing the local educational sector. The foundation focuses on promoting educational requirements within its scope, working towards the betterment of the educational system in the community.
Who is the CEO of Mary Lyon Foundation Inc?
Laurie Benoit is the Chair of Mary Lyon Foundation Inc.
What is the revenue of Mary Lyon Foundation Inc?
Mary Lyon Foundation Inc's revenue in 2022 was $2,099,367.
Who are the executives of Mary Lyon Foundation Inc and what are their salaries?
The average compensation at Mary Lyon Foundation Inc during 2022 was $55,252. There are 2 employees at Mary Lyon Foundation Inc.
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Where can I find the form 990 for Mary Lyon Foundation Inc?
Mary Lyon Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary Lyon Foundation Inc
The Mary Lyon Foundation Inc, a nonprofit organization, is dedicated to fostering and enhancing educational needs within the community. Their mission is centered around promoting and supporting educational requirements within this specific locality. By taking on this role, the Mary Lyon Foundation Inc aims to contribute positively to the educational landscape, ensuring that the community's educational needs are met and thrive.
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Impact
October, 2024
Mary Lyon Foundation Inc plays a crucial role in enhancing educational opportunities within the Shelburne Falls community. By focusing on supporting and promoting local educational needs, the foundation actively contributes to the development of a robust learning environment for students.
Through its initiatives, the foundation works to address various challenges faced by local educators and students, fostering a culture of learning and community engagement. Its efforts help ensure that educational resources are available and accessible, paving the way for improved academic outcomes and enriching the overall educational experience.
By advocating for local educational needs, Mary Lyon Foundation Inc strengthens community ties, empowers educators, and ultimately enhances the quality of education for all students in the region.
This information is meant to be a general summary of Mary Lyon 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.
- Investment Income: $45,015
- Gross Receipts: $2,099,367
Assets and Liabilities:
- Total Assets: $2,425,909
- Total Liabilities: $17,481
- Net Assets: $2,408,428
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Organization Details
Founding Year
1991
Phone
(413) 625-0065Principal Officer
Laurie Benoit
Main Address
PO Box 184, Shelburne Falls, MA, 01370
NTEE Category
Code: B99Z - Education
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