Overview
What is Springport Area Foundation For Education?
The Springport Area Foundation For Education is a nonprofit organization that is committed to supporting the education of Springport graduates. They have a mission to provide college scholarships for deserving students from the Springport community. Over the years, they have awarded numerous scholarships to help these students pursue their higher education aspirations. Although the exact number of scholarships awarded varies, it is evident that the foundation has a considerable impact on the educational journey of Springport graduates.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that the Springport Area Foundation For Education meets some, but not all, standards for accountability and transparency. With an Accountability & Finance score of 73, the organization demonstrates strengths in board independence and financial management, including a 93.43% program expense ratio, suggesting a strong focus on its educational initiatives.
However, the foundation does face several challenges that have impacted its overall rating. Notably, the organization lacks several key policies, including a Conflict of Interest Policy, a Whistleblower Policy, and a Document Retention and Destruction Policy, which are essential for maintaining transparency and trust. Additionally, the absence of its website listing on tax forms and other documentation raises concerns about accessibility and information dissemination to the public.
In summary, while the Springport Area Foundation For Education shows commitment to its mission and effective use of funds, improvements are needed in governance practices and transparency measures to enhance its overall accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Springport Area Foundation For Education legitimate?
Springport Area Foundation For Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Springport Area Foundation For Education 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 Springport Area Foundation For Education?
The Springport Area Foundation for Education's primary objective is to extend financial aid in the form of scholarships to deserving graduates from Springport. Through this initiative, the foundation has awarded numerous scholarships, totaling 36, 24, and 29 scholarships in different instances. The mission of the foundation is centered around supporting the higher education aspirations of Springport graduates, thereby contributing to their future prospects.
Who is the CEO of Springport Area Foundation For Education?
Steven Reule is the Chairman of Springport Area Foundation For Education.
What is the revenue of Springport Area Foundation For Education?
Springport Area Foundation For Education's revenue in 2023 was $85,602.
Who are the executives of Springport Area Foundation For Education and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Springport Area Foundation For Education?
Springport Area Foundation For Education's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Springport Area Foundation For Education
The Springport Area Foundation For Education, a nonprofit organization, is committed to supporting the educational aspirations of Springport graduates. The primary mission of this foundation is to provide financial aid in the form of scholarships, empowering deserving individuals from Springport to pursue higher education. Over the years, the foundation has awarded numerous scholarships to Springport graduates, demonstrating its unwavering dedication to fostering academic growth and success within the community. Despite the limited information provided, it is evident that the Springport Area Foundation For Education plays a significant role in providing financial assistance to local graduates, enabling them to pursue their educational goals and build a brighter future.
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Impact
October, 2024
Springport Area Foundation for Education significantly enhances the educational opportunities for Springport graduates by providing essential financial support through college scholarships. Over the years, it has awarded a total of 36, 24, and 29 scholarships to deserving students, empowering them to pursue higher education and realize their academic and career aspirations. This commitment to supporting local students not only alleviates the financial burden associated with college expenses but also fosters a culture of philanthropy within the community of Springport, MI. The foundation's efforts have a lasting impact on both individual students and the broader community by promoting educational attainment and inspiring future generations.
This information is meant to be a general summary of Springport Area Foundation For Education. 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.
- Investment Income: $36,591
- Gross Receipts: $91,013
Assets and Liabilities:
- Total Assets: $1,085,891
- Total Liabilities: $73,400
- Net Assets: $1,012,491
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Organization Details
Founding Year
2004
Principal Officer
Steven Reule
Main Address
PO Box 83, Springport, MI, 49284
NTEE Category
Code: T30 - Philanthropy
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