Overview
What is The Associated General Contractors Of Illinois Education Foundation?
The Associated General Contractors of Illinois Education Foundation is a nonprofit organization situated in Springfield, Illinois, specifically at 3219 Executive Park Drive. Its primary mission is to offer scholarships to undergraduate students pursuing careers in construction or civil engineering fields. By tapping into the membership base of the Associated General Contractors of Illinois (AGCI), the foundation identifies candidates with a keen interest and a demonstrated need for financial assistance. The foundation's aim is to support and nurture the next generation of professionals in these vital sectors, thereby contributing to the growth and development of the construction and civil engineering industries in Illinois.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Associated General Contractors Of Illinois Education Foundation has achieved a solid 87% rating from Charity Navigator, indicating a strong performance in accountability and finance. Their score is bolstered by having a fully independent board and no material diversions of assets, showcasing their commitment to ethical governance and transparency. The organization also maintains robust policies on conflict of interest and whistleblower protections, which further enhances their credibility.
One of the notable strengths of the foundation is its high program expense ratio of 86.70%, which suggests that a significant portion of their funding is directed towards their educational programs rather than administrative costs. This efficient allocation of resources reflects their mission-driven approach and dedication to serving the construction industry's educational needs. Furthermore, the foundation's liabilities to assets ratio stands at 0.00%, indicating a strong financial position without debt.
While the foundation shows many strengths, there is always room for improvement in areas such as increasing public awareness and engagement. As a three-star rated organization, they may benefit from efforts to enhance their visibility and outreach to better connect with potential supporters and beneficiaries. Overall, the Associated General Contractors Of Illinois Education Foundation appears to be a reliable nonprofit making positive contributions to the education sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Associated General Contractors Of Illinois Education Foundation legitimate?
The Associated General Contractors Of Illinois Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Associated General Contractors Of Illinois 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Associated General Contractors Of Illinois Education Foundation?
The Associated General Contractors of Illinois Education Foundation's primary mission is to provide scholarships to undergraduate students pursuing careers in fields related to construction or civil engineering. The organization solicits eligible candidates based on their interest and financial need, primarily through its membership with the Associated General Contractors of Illinois. The scholarship program aims to support the next generation of professionals in these industries, contributing to the growth and development of the construction sector. The foundation's mission is centered around investing in talented students, fostering a skilled workforce, and promoting the advancement of construction and civil engineering education.
What is the revenue of The Associated General Contractors Of Illinois Education Foundation?
The Associated General Contractors Of Illinois Education Foundation's revenue in 2024 was $63,249.
Who are the executives of The Associated General Contractors Of Illinois Education Foundation and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Related: $222,253
- Other: $16,679
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- Other: $0
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Where can I find the form 990 for The Associated General Contractors Of Illinois Education Foundation?
The Associated General Contractors Of Illinois Education Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Associated General Contractors Of Illinois Education Foundation
The Associated General Contractors of Illinois Education Foundation is committed to a significant mission. This nonprofit organization primarily focuses on providing scholarships to undergraduate students pursuing careers in construction or civil engineering. They achieve this by soliciting candidates through the memberships of the Associated General Contractors of Illinois, taking into account both their interest and financial need. This initiative empowers future professionals in these fields, contributing to the growth and development of the construction and civil engineering sectors.
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Impact
August, 2024
The Associated General Contractors Of Illinois Education Foundation has a significant impact on undergraduate students in the fields related to construction or civil engineering. By providing scholarships to these students, the foundation supports their educational pursuits and helps them achieve their academic and career goals. This assistance is especially valuable as it is based on both interest and financial need, ensuring that deserving individuals receive the support they require to succeed in their chosen fields. Through its mission of offering scholarships, the foundation plays a crucial role in fostering the development of future professionals in the construction and civil engineering industries.
This information is meant to be a general summary of The Associated General Contractors Of Illinois 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 2024.
- Investment Income: $7,885
- Gross Receipts: $192,617
Assets and Liabilities:
- Total Assets: $270,739
- Total Liabilities: $0
- Net Assets: $270,739
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Organization Details
Founding Year
1989
Principal Officer
Bill Frey
NTEE Category
Code: B82 - Education
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