Overview
What is Lampeter-Strasburg Educational Foundation?
Lampeter-Strasburg Educational Foundation is a charitable organization situated in Lampeter, Pennsylvania. Its primary objective is to foster academic growth among high school students by granting scholarships, offering educational loans, and providing financial aid for post-secondary education. The foundation supports deserving graduates from the Lampeter-Strasburg School District, with a vision to boost scholastic achievements from elementary school to beyond high school. By acknowledging and rewarding outstanding performance in various academic subjects and disciplines, the foundation encourages and motivates students to excel in their academic pursuits. In the current year, the foundation has provided three educational loans of $3,000 each, 14 additional installments totaling $40,500, and 13 scholarships worth $16,750. As of June 30, 2023, the foundation has granted 30 students with a total of 48 loans of $2,500 each and 32 loans of $3,000 each.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that the Lampeter-Strasburg Educational Foundation demonstrates a reasonable level of accountability and financial health, but there are significant areas for improvement. The score is calculated entirely based on the Accountability & Finance beacon, suggesting that while financial practices may be sound, transparency and governance policies require attention.
Strengths of the foundation include a fully independent board with a solid size and engagement, as evidenced by scoring full points in these categories. Additionally, the organization has no material diversions of assets and a favorable liabilities to assets ratio of 0.00%, indicating strong financial stability. Moreover, the program expense ratio of 87.80% signals that a significant portion of funds is directed towards its programs rather than administrative costs.
However, the foundation has notable limitations, primarily around missing governance policies. There is no publicly available tax form on its website, and critical policies such as conflict of interest and whistleblower protections are not in place. These gaps in documentation and policy could raise concerns regarding organizational transparency and accountability in decision-making processes. Overall, while the foundation has a strong financial footing, enhancing its governance and transparency practices is essential for improving its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Lampeter-Strasburg Educational Foundation legitimate?
Lampeter-Strasburg Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lampeter-Strasburg Educational 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lampeter-Strasburg Educational Foundation?
The Lampeter-Strasburg Educational Foundation's mission is to stimulate academic growth among high school students by offering scholarships, educational loans, and financial aid for higher education. The organization aims to foster and boost scholastic achievements among students from grade school to high school and beyond, recognizing and rewarding outstanding performance in various academic subjects and disciplines. The foundation promotes educational advancement within its community by encouraging and supporting deserving students in their pursuit of higher education.
Who is the CEO of Lampeter-Strasburg Educational Foundation?
Amanda Allison is the Treasurer of Lampeter-Strasburg Educational Foundation.
What is the revenue of Lampeter-Strasburg Educational Foundation?
Lampeter-Strasburg Educational Foundation's revenue in 2023 was $21,348.
Who are the executives of Lampeter-Strasburg Educational Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Lampeter-Strasburg Educational Foundation?
Lampeter-Strasburg Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lampeter-Strasburg Educational Foundation
Lampeter-Strasburg Educational Foundation, an organization dedicated to fostering educational achievements, strives to achieve its mission in several ways. Primarily, it provides scholarships, educational loans, and financial assistance to high school graduates from the Lamperter-Strasburg School District, enabling them to pursue higher education. Beyond this, the foundation seeks to encourage scholastic achievement among students from grade school through high school and beyond. It accomplishes this by recognizing and rewarding outstanding performance in various academic subjects and disciplines. The foundation's mission is not just about financial aid, but also about promoting, enhancing, and encouraging academic excellence among its district's students.
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Impact
August, 2024
The Lampeter-Strasburg Educational Foundation has a significant impact on the educational achievements of high school students in the Lampeter-Strasburg School District. By providing scholarships, educational loans, and financial assistance, the foundation supports deserving graduates in pursuing higher education. Additionally, the foundation's efforts to promote and reward scholastic achievement from grade school through high school help in fostering a culture of academic excellence in the district. Through its various initiatives, the foundation plays a crucial role in empowering students to reach their full potential and succeed in their academic pursuits.
This information is meant to be a general summary of Lampeter-Strasburg Educational 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 2023.
- Investment Income: $12,479
- Program Service Revenue: $2,176
- Gross Receipts: $21,348
Assets and Liabilities:
- Total Assets: $613,246
- Total Liabilities: $0
- Net Assets: $613,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN INTEREST
Revenue
$2,176
Organization Details
Founding Year
1994
Phone
(717) 464-3311Principal Officer
Amanda Allison
Main Address
PO BOX 428, LAMPETER, PA, 175370428
NTEE Category
Code: B82 - Education
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