Overview
What is Millburn Education Foundation Inc?
Millburn Education Foundation Inc is a nonprofit organization situated in Millburn, New Jersey. Their primary mission is to enhance educational excellence in the Millburn Public Schools district by providing financial support for innovative and progressive improvements. During the COVID-19 pandemic, they granted $140,525 to teachers for distance learning enhancement. Additionally, they awarded $163,150 to the Millburn School District for software licensing and general support. The foundation acts as a catalyst, fostering community and private sector relationships to support students' educational interests and procuring donations, grants, and funds to achieve its mission.
Official website here: www.millburnedfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Millburn Education Foundation Inc has received a strong rating of 90%, indicating a high level of accountability and financial management. This score is entirely derived from its Accountability & Finance, showcasing the organization's commitment to transparency and responsible governance. The foundation boasts a fully independent board, which enhances its credibility, and all required policies, such as conflict of interest and whistleblower protections, are in place and compliant.
The organization excelled in key metrics, with an impressive program expense ratio of 86.42%, suggesting that a significant portion of its funds is directed towards its educational programs. Additionally, there were no reported material diversions of assets, further reinforcing its strong financial integrity. The foundation also scores well in its documentation practices, maintaining proper board meeting minutes and having its website listed on its tax forms.
However, a notable area for improvement is its liabilities to assets ratio, which stands at 58.76%. While this is not alarming, it indicates a moderate level of liabilities compared to its assets. Overall, Millburn Education Foundation Inc demonstrates solid financial practices and governance, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Millburn Education Foundation Inc?
Nearly all reviewers express enthusiasm for the Millburn Education Foundation Inc, highlighting the importance of its role in supporting local schools. The sentiment revolves around appreciation for the foundation's efforts to bridge funding gaps, especially in a district that receives less financial support per student compared to neighboring areas.
One reviewer emphasizes the positive impact the foundation has on enhancing educational opportunities for their children, indicating a strong community support for its initiatives. These sentiments reflect a collective belief that the foundation is making significant contributions to the local educational landscape.
Overall, the nonprofit garners praise for its mission and effectiveness, as supporters recognize it as a vital resource for improving the quality of education in their community.
This AI summary has been generated from reviews found on Facebook.
Is Millburn Education Foundation Inc legitimate?
Millburn Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millburn 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,500
For more financial information, click here
Official website here: www.millburnedfoundation.org
What is the mission statement of Millburn Education Foundation Inc?
The Millburn Education Foundation Inc's mission is centered around enhancing educational excellence. It is committed to providing financial support for innovative and progressive improvements that enrich the academic experience. The foundation serves as a catalyst, aiming to enhance and support learning opportunities for students by funding innovative student programs and activities. It also offers grants to education staff to establish quality projects. The organization fosters community and private sector relationships to support students' educational interests and secures donations, grants, and funds to uphold its mission.
Official website here: www.millburnedfoundation.org
Who is the CEO of Millburn Education Foundation Inc?
Heather Jenquine is the Co-Chair of Millburn Education Foundation Inc.
Official website here: www.millburnedfoundation.org
What is the revenue of Millburn Education Foundation Inc?
Millburn Education Foundation Inc's revenue in 2022 was $179,318.
Official website here: www.millburnedfoundation.org
Who are the executives of Millburn Education Foundation Inc and what are their salaries?
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.millburnedfoundation.org
Where can I find the form 990 for Millburn Education Foundation Inc?
Millburn Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.millburnedfoundation.org
Learn more at the official website: www.millburnedfoundation.org
Mission Statement of Millburn Education Foundation Inc
Millburn Education Foundation Inc is committed to enhancing educational excellence within Millburn Public Schools. This nonprofit organization's mission is to serve as a catalyst, providing financial support for innovative and progressive improvements that enrich the academic experience. By doing so, the foundation aims to improve learning opportunities for students, offering grants for innovative student programs and activities. Additionally, Millburn Education Foundation Inc provides grants to educational staff to establish quality projects, fostering a strong sense of community and private sector relationships to support students' educational interests. The organization procures donations, grants, and funds to uphold its mission, striving to continually enhance and support the learning environment for Millburn Public Schools' students.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Millburn Education Foundation Inc significantly enhances educational excellence in Millburn Public Schools through targeted financial support for innovative projects. By awarding grants to the Millburn Board of Education and dedicated teachers, it fosters programs that enrich students' learning experiences.
In response to the challenges posed by the COVID-19 pandemic, the Foundation provided $140,525 in grants aimed at improving distance learning. Additionally, it allocated $163,150 for vital software licensing and general support for the school district. These contributions reflect a commitment to ensuring that students have access to high-quality educational resources, fostering an environment where learning can thrive despite unprecedented challenges.
The Foundation acts as a catalyst for growth in the educational landscape, facilitating collaborations between the community and private sectors to bolster academic opportunities. Through its initiatives, it not only supports innovative educational programs but also strengthens the overall academic experience for students in Millburn, laying the groundwork for continued excellence in education.
This information is meant to be a general summary of Millburn 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.
- Investment Income: $4,870
- Gross Receipts: $236,796
Assets and Liabilities:
- Total Assets: $546,001
- Total Liabilities: $105,511
- Net Assets: $440,490
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1993
Phone
(973) 298-0775Principal Officer
Heather Jenquine
Main Address
434 MILLBURN AVENUE, MILLBURN, NJ, 07041
Website
www.millburnedfoundation.orgNTEE Category
Code: T30Z - Philanthropy
If you are a representative of Millburn Education Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.