Overview
What is Triangle Education Foundation?
The Triangle Education Foundation is a nonprofit organization situated in Plainfield, Indiana. Its primary focus is to provide financial assistance to individuals pursuing degrees or advanced degrees at institutions of higher education. Selection criteria consider academic achievements, community service, and evidence of financial need. The foundation's mission is to cater to the educational needs and financial aid requirements of members of the Triangle Fraternity. It aims to achieve these purposes by managing funds, offering loans, grants, or scholarships, enhancing educational programs, facilities, techniques, and curricula, or undertaking other initiatives to further education. The nonprofit employs a team of eight individuals.
Official website here: www.triangleef.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Triangle Education Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to high standards of accountability and financial health. The foundation scored 100% in all assessed areas, particularly excelling in having a majority of independent board members and a low liabilities-to-assets ratio. These scores indicate a robust governance structure and sound financial practices.
The organization demonstrates strong financial stewardship, with a program expense ratio of 72.68%, suggesting that a significant portion of its budget is directed towards its educational programs. Additionally, there are no reported material diversions of assets, which enhances trust in its operations. The presence of comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention further solidifies its commitment to transparency.
While the data highlights many strengths, ongoing engagement with stakeholders and continuous improvement in program delivery will be essential for maintaining its high standards. Overall, Triangle Education Foundation stands out as a well-managed nonprofit dedicated to its mission in the educational sector.
This AI summary has been generated from information found on Charity Navigator.
Is Triangle Education Foundation legitimate?
Triangle Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triangle Education 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $124,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $315,244
For more financial information, click here
Official website here: www.triangleef.org
What is the mission statement of Triangle Education Foundation?
The Triangle Education Foundation operates with the primary objective of advancing education. It achieves this by providing financial aid in the form of loans, grants, or scholarships to deserving students. The foundation also supports educational programs, facilities, techniques, and curricula, or manages funds and gifts to accomplish these purposes. The scholarships are awarded based on academic achievement, community service, and evidence of financial need. The foundation's aim is to help individuals pursue a degree or advanced degree at an institution of higher education.
Official website here: www.triangleef.org
Who is the CEO of Triangle Education Foundation?
Scott E Bova is the Foundation Chairman of Triangle Education Foundation.
Official website here: www.triangleef.org
What is the revenue of Triangle Education Foundation?
Triangle Education Foundation's revenue in 2022 was $3,611,823.
Official website here: www.triangleef.org
Who are the executives of Triangle Education Foundation and what are their salaries?
The average compensation at Triangle Education Foundation during 2022 was $54,968. There are 8 employees and 61 volunteers at Triangle Education Foundation.
Here are 21 key members and their salaries:
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- Compensation: $141,861
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- Other: $5,700
Official website here: www.triangleef.org
Where can I find the form 990 for Triangle Education Foundation?
Triangle Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.triangleef.org
Learn more at the official website: www.triangleef.org
Mission Statement of Triangle Education Foundation
The Triangle Education Foundation, as its name suggests, is devoted to addressing the educational needs and financial hurdles faced by members of the Triangle Fraternity. Its primary mission is to operate for the advancement of education by disbursing loans, grants, or scholarships to deserving students, improving educational programs, facilities, techniques, and curricula, or managing funds and gifts to achieve these objectives.
In essence, the foundation serves as a financial support system for individuals pursuing a degree or advanced degree at an institution of higher education. The selection criteria for these financial aids are based on academic achievement, community service, and evidence of financial need. By providing this financial assistance, the Triangle Education Foundation aims to open up educational opportunities for those who might otherwise be financially constrained. Furthermore, the foundation also sponsors and enhances educational programs, facilities, techniques, and curricula to contribute to the overall improvement of education.
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Impact
October, 2024
Triangle Education Foundation significantly enhances educational opportunities for members of the Triangle Fraternity by addressing their academic and financial needs. Through its scholarship program, the foundation provides crucial financial support to individuals pursuing degrees or advanced studies at higher education institutions. Selection for these scholarships is based on academic achievement, community service, and evidence of financial need, ensuring that deserving students receive the assistance they require to succeed.
In addition to scholarships, the foundation is dedicated to the broader mission of furthering education by offering loans and grants, and by enhancing educational programs, facilities, techniques, and curricula. This holistic approach not only supports individual students but also contributes to the overall improvement of educational opportunities within the community. By managing funds and gifts effectively, Triangle Education Foundation plays a vital role in empowering students to achieve their academic goals and make meaningful contributions to society.
This information is meant to be a general summary of Triangle Education 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 2022.
- Investment Income: $759,928
- Program Service Revenue: $138,500
- Gross Receipts: $5,549,753
Assets and Liabilities:
- Total Assets: $13,620,517
- Total Liabilities: $240,697
- Net Assets: $13,379,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING MANAGEMENT FEES
Revenue
$131,000
DONOR ENGAGEMENT CAMPAIGN FEES
Revenue
$7,500
Organization Details
Founding Year
1970
Phone
(317) 705-9803Principal Officer
Scott E Bova
Main Address
120 S CENTER STREET, PLAINFIELD, IN, 46168
Website
www.triangleef.orgNTEE Category
Code: B83Z - Education
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