Overview
What is Portage Community School District No 1 Trust?
Portage Community School District No 1 Trust is a nonprofit organization situated in Portage, Wisconsin, specifically at 305 E Slifer St. Its primary mission is to provide financial assistance to eligible students and allocate funds for the maintenance and improvement of local schools and public facilities. The trust's activities encompass grant distribution to both students and educational institutions, as well as contributing to the upkeep of local community facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Portage Community School District No 1 Trust has received a Two-Star rating, indicating that while it has some strengths, there are significant areas for improvement. The organization demonstrates excellent accountability with a perfect score in areas such as board independence, asset management, and program expense allocation. However, the absence of crucial policies and transparency measures, such as a conflict of interest policy and whistleblower protections, raises concerns about governance practices.
Despite the strong financial ratios, including a 100% program expense ratio, which suggests that all funds are directed toward program services, the lack of transparency on the nonprofit's website is a critical limitation. The missing documentation related to board meeting minutes and tax forms further detracts from its overall accountability. These deficiencies may impact stakeholder trust and the organization's capacity to effectively communicate its operations and governance to the public.
This AI summary has been generated from information found on Charity Navigator.
Is Portage Community School District No 1 Trust legitimate?
Portage Community School District No 1 Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portage Community School District No 1 Trust 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 Portage Community School District No 1 Trust?
The Portage Community School District No 1 Trust's mission is centered around providing assistance. Specifically, it aims to distribute grants and funds to eligible students and allocate funds for the maintenance and improvement of local schools' facilities and public infrastructure. This mission is carried out with the goal of enhancing educational opportunities and improving the overall community. The trust serves as a crucial resource, contributing to the betterment of both students and public facilities within its purview.
Who is the CEO of Portage Community School District No 1 Trust?
Peter Hibner is the Advisory of Portage Community School District No 1 Trust.
What is the revenue of Portage Community School District No 1 Trust?
Portage Community School District No 1 Trust's revenue in 2022 was $23,157.
Who are the executives of Portage Community School District No 1 Trust and what are their salaries?
Here are 3 key members and their salaries:
- 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 Portage Community School District No 1 Trust?
Portage Community School District No 1 Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portage Community School District No 1 Trust
The Portage Community School District No 1 Trust is committed to providing grants and funds for the benefit of students, schools, and public facilities. In essence, its mission is to support the educational and infrastructural needs of the local community by distributing financial aid. This includes providing grants to eligible students and allocating funds for the maintenance and improvement of schools and public facilities that serve the district. By doing so, the Portage Community School District No 1 Trust aims to contribute positively to the overall well-being and learning environment of the community.
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Impact
August, 2024
Portage Community School District No 1 Trust's impact lies in its provision of grants and funds to eligible students, local schools, and public facilities in Portage, WI. This support helps students access educational opportunities that they may not have been able to afford otherwise and contributes to the improvement of school buildings and public facilities in the community. By focusing on education and community infrastructure, the Trust plays a vital role in promoting learning and enhancing the overall well-being of the Portage community.
This information is meant to be a general summary of Portage Community School District No 1 Trust. 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: $6,442
- Gross Receipts: $23,157
Assets and Liabilities:
- Total Assets: $1,205,187
- Total Liabilities: $0
- Net Assets: $1,205,187
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Organization Details
Founding Year
1998
Phone
(608) 742-4879Principal Officer
Peter Hibner
Main Address
305 E SLIFER ST, PORTAGE, WI, 53901
NTEE Category
Code: B82 - Education
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