Overview
What is Florida Board Of Governors Foundation Inc?
The Florida Board of Governors Foundation is a nonprofit organization dedicated to enhancing Florida's higher education system. It primarily serves this purpose by offering financial aid to compensate the chancellor and vice chancellor of the Florida Board of Governors. Additionally, the foundation awards scholarships to exceptional students, as per the contributions of benefactors. Beyond these monetary contributions, the Florida Board of Governors Foundation also supports various educational activities, contributing to the broader development of Florida's higher education sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
The Florida Board Of Governors Foundation Inc has received an 82% score, reflecting strong accountability and finance practices, which is significant for potential donors. This score is derived entirely from the Accountability & Finance beacon, indicating a focused evaluation of the charity's financial health and operational integrity.
Strengths of the organization include a fully independent board, with 100% of its 17 members being independent, and robust financial oversight, as evidenced by a comprehensive audit and oversight committee. The foundation has demonstrated fiscal responsibility, with a high program expense ratio of 99.29%, ensuring that nearly all of its resources are directed towards its charitable objectives.
However, while the high ratings in accountability and financial management are commendable, the overall rating does not reflect programmatic impact or effectiveness, which are also important for donors to consider. Potential supporters may want to seek additional information on the Foundation's programs and outcomes to gain a fuller understanding of its contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Board Of Governors Foundation Inc legitimate?
Florida Board Of Governors Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Board Of Governors 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: $0
For more financial information, click here
What is the mission statement of Florida Board Of Governors Foundation Inc?
The Florida Board of Governors Foundation aims to strengthen Florida's higher education system. It accomplishes this by offering financial aid to compensate the chancellor and vice chancellor of the Florida Board of Governors. Furthermore, the foundation provides scholarships for exemplary students, as per the stipulations of the contributors. Additionally, it supports various educational initiatives beyond scholarships.
Who is the CEO of Florida Board Of Governors Foundation Inc?
Brian Lamb is the Chair of Florida Board Of Governors Foundation Inc.
What is the revenue of Florida Board Of Governors Foundation Inc?
Florida Board Of Governors Foundation Inc's revenue in 2022 was $1,458,582.
Who are the executives of Florida Board Of Governors Foundation Inc and what are their salaries?
There 17 volunteers at Florida Board Of Governors Foundation Inc.
Here are 19 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
Where can I find the form 990 for Florida Board Of Governors Foundation Inc?
Florida Board Of Governors Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Florida Board Of Governors Foundation Inc
The Florida Board of Governors Foundation is committed to advancing Florida's higher education system. This nonprofit organization accomplishes this mission by providing financial aid for the remuneration of the chancellor and vice chancellor of the Florida Board of Governors. Beyond this, the foundation extends its support to outstanding students by offering scholarships, as per the stipulations set by contributors. Furthermore, the Florida Board of Governors Foundation contributes to various educational activities. By providing financial assistance and scholarships, as well as supporting educational endeavors, this organization aims to enhance the quality and accessibility of higher education in Florida.
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
Florida Board Of Governors Foundation Inc plays a vital role in enhancing the landscape of higher education in Florida. By offering financial assistance for the compensation of key leadership positions, such as the chancellor and vice chancellor, the foundation ensures that experienced individuals are positioned to guide and elevate the state's educational system.
Furthermore, the foundation actively awards scholarships to exceptional students, making higher education more accessible and recognizing academic excellence. This support not only alleviates financial burdens but also encourages students to pursue their educational goals with confidence.
In addition to scholarships, the foundation backs various educational activities that enrich the academic environment. Through these initiatives, the Florida Board of Governors Foundation fosters a thriving higher education ecosystem that benefits students, educators, and the broader community in Florida.
This information is meant to be a general summary of Florida Board Of Governors 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: $68,690
- Gross Receipts: $6,659,585
Assets and Liabilities:
- Total Assets: $11,271,114
- Total Liabilities: $4,821,069
- Net Assets: $6,450,045
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1969
Phone
(850) 245-9397Principal Officer
Brian Lamb
Main Address
325 WEST GAINES STREET, TALLAHASSEE, FL, 323990400
NTEE Category
Code: B00D - Education
If you are a representative of Florida Board Of Governors 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.