Overview
What is Clearfield Educational Foundation Inc?
Clearfield Educational Foundation Inc, established in Clearfield, Pennsylvania, is a nonprofit organization with a primary mission. This mission involves assisting in the development and establishment of the Commonwealth University-Lock Haven Clearfield PA campus to provide higher education opportunities for local students. By doing so, the foundation aims to expand educational accessibility within the Clearfield area, contributing positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
The Clearfield Educational Foundation Inc has received a Two-Star rating from Charity Navigator, primarily reflecting its accountability and finance practices. The overall score is derived solely from a strong performance in this category, indicating a solid commitment to transparency and responsible management of funds.
Strengths of the organization include an entirely independent board, which is a key indicator of governance quality. Additionally, the foundation has demonstrated excellent financial health, with no material diversion of assets and a favorable liabilities-to-assets ratio of 0.00%. The high program expense ratio of 89.77% further underscores its focus on directing funds towards its educational initiatives.
However, despite these strengths, the overall score remains moderate, suggesting there may be areas for improvement beyond financial metrics. While the foundation excels in accountability, further insights into program effectiveness and community impact would enhance its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Clearfield Educational Foundation Inc legitimate?
Clearfield Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clearfield Educational 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.
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What is the mission statement of Clearfield Educational Foundation Inc?
The Clearfield Educational Foundation Inc was established with the mission to facilitate the creation and development of the Commonwealth University-Lock Haven campus in Clearfield PA. Their primary objective is to provide higher education opportunities for students from the Clearfield PA area. By doing so, they aim to expand access to college education within their community. This foundation's activities are centered around supporting the establishment and growth of the Commonwealth University-Lock Haven Clearfield PA campus, thereby enabling local students to pursue their higher education goals.
Who is the CEO of Clearfield Educational Foundation Inc?
Vicki Myers is the President of Clearfield Educational Foundation Inc.
What is the revenue of Clearfield Educational Foundation Inc?
Clearfield Educational Foundation Inc's revenue in 2023 was $18,650.
Who are the executives of Clearfield Educational Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Clearfield Educational Foundation Inc?
Clearfield Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Clearfield Educational Foundation Inc
Clearfield Educational Foundation Inc, a nonprofit organization, is dedicated to providing higher education opportunities. Their mission is centered around supporting Commonwealth University's Lock Haven campus in Clearfield, Pennsylvania. The foundation's primary goal is to create and develop this campus, offering a college education to students residing in the Clearfield area. By doing so, Clearfield Educational Foundation Inc aims to broaden the horizons of local students, providing them with the chance to pursue higher education and potentially shape their futures.
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Impact
August, 2024
Clearfield Educational Foundation Inc's impact is significant in providing higher education opportunities at Commonwealth University-Lock Haven Clearfield PA campus. By focusing on creating and developing the campus, the foundation aims to offer college education to students in the Clearfield PA area. This initiative plays a crucial role in increasing access to higher education for local residents, thereby contributing to the overall educational advancement and socio-economic development of the community. Through its mission of providing educational opportunities, Clearfield Educational Foundation Inc is helping to empower individuals and enhance the educational landscape in the region.
This information is meant to be a general summary of Clearfield Educational 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 2023.
- Gross Receipts: $18,650
Assets and Liabilities:
- Total Assets: $1,184,703
- Total Liabilities: $0
- Net Assets: $1,184,703
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Organization Details
Founding Year
1989
Phone
(814) 762-8836Principal Officer
Vicki Myers
Main Address
PO BOX 510, CLEARFIELD, PA, 16830
NTEE Category
Code: B80 - Education
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