Overview
What is Belmont Education Foundation Inc?
Belmont Education Foundation Inc, located in Belmont, Massachusetts, is a dedicated nonprofit organization with a focus on enhancing the educational experience within the local public school system. By providing learning excellence and special initiative grants to teachers and administrators, they aim to foster innovation and growth within the educational setting. Additionally, they offer enrichment materials to supplement the learning process, ensuring a well-rounded educational experience for the school's approximately 4,500 students. The foundation's mission is to support and enrich the Belmont Public Schools, working tirelessly to contribute to the overall educational development of the community.
Official website here: www.fbe-belmont.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating
The Belmont Education Foundation Inc has received a Two-Star rating from Charity Navigator, indicating that it scores below average in accountability and finance, with an overall score of 60%. This score is derived solely from its Accountability & Finance metrics for the most recent fiscal year, FY2023. The organization demonstrates strong governance, evidenced by having a fully independent board and no material diversion of assets.
Despite its strengths in board independence and financial liabilities, the foundation has notable weaknesses, particularly in its program expense ratio, which stands at only 51.79%. This suggests that a significant portion of its expenses does not directly support its programs. Additionally, the foundation is missing essential policies such as a whistleblower policy and document retention protocols, which are critical for transparency and accountability.
Overall, while the Belmont Education Foundation Inc has a solid governance structure, its lower program expense ratio and missing policies raise concerns about its operational effectiveness and commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Education Foundation Inc legitimate?
Belmont Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont 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.
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Official website here: www.fbe-belmont.org
What is the mission statement of Belmont Education Foundation Inc?
The Belmont Education Foundation Inc's mission is centered around providing support and enrichment to the Belmont Public Schools. Specifically, they aim to enhance learning experiences by offering special initiative grants to teachers and administrators. Additionally, they provide educational enrichment materials for the school system, catering to a student population of approximately 4,500. The foundation's goal is to foster learning excellence within the Belmont Public School System.
Official website here: www.fbe-belmont.org
Who is the CEO of Belmont Education Foundation Inc?
Barbara Bulfoni And Nomit is the Director And Co-President of Belmont Education Foundation Inc.
Official website here: www.fbe-belmont.org
What is the revenue of Belmont Education Foundation Inc?
Belmont Education Foundation Inc's revenue in 2022 was $205,722.
Official website here: www.fbe-belmont.org
Who are the executives of Belmont Education Foundation Inc and what are their salaries?
Here are 22 key members and their salaries:
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Official website here: www.fbe-belmont.org
Where can I find the form 990 for Belmont Education Foundation Inc?
Belmont Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fbe-belmont.org
Learn more at the official website: www.fbe-belmont.org
Mission Statement of Belmont Education Foundation Inc
Belmont Education Foundation Inc, a nonprofit organization, is committed to supporting and enriching the Belmont Public Schools. Their mission is twofold: firstly, they aim to enhance learning excellence within the school system by providing special initiative grants to teachers and administrators. This means they invest in the professional development of educators, enabling them to implement innovative teaching methods and improve the overall educational experience.
Secondly, Belmont Education Foundation Inc seeks to enrich the Belmont Public Schools with educational materials. This involves supplying resources that go beyond the standard curriculum, inspiring curiosity, and fostering a more engaging learning environment for the school's approximately 4,500 students. By doing so, the foundation contributes to the holistic development of the students, helping them to thrive academically and personally. In essence, Belmont Education Foundation Inc is dedicated to empowering the Belmont Public Schools to deliver high-quality education and nurture the potential of each student.
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Impact
October, 2024
Belmont Education Foundation Inc significantly enhances the educational landscape of Belmont Public Schools by providing essential support and enrichment opportunities. With a focus on learning excellence, the foundation offers special initiatives grants to teachers and administrators, empowering them to implement innovative programs and projects that benefit the approximately 4,500 students in the district.
By supplying enrichment materials, the foundation helps to enrich the curriculum, making educational experiences more engaging and effective. Its commitment to fostering an environment of continuous improvement and creativity in the classroom positively impacts student achievement and overall school performance. In essence, Belmont Education Foundation Inc plays a crucial role in elevating the quality of education and supporting the holistic development of students within the Belmont community.
This information is meant to be a general summary of Belmont 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: $16,049
- Gross Receipts: $226,195
Assets and Liabilities:
- Total Assets: $824,893
- Total Liabilities: $100,825
- Net Assets: $724,068
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Organization Details
Founding Year
1992
Phone
(617) 484-7989Principal Officer
Barbara Bulfoni And Nomit
Main Address
PO BOX 518, BELMONT, MA, 02478
Website
www.fbe-belmont.orgNTEE Category
Code: B25M - Education
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