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Extollo Educational Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260598907 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Extollo Educational Foundation?

Extollo Educational Foundation is a nonprofit organization, whose core purpose is to provide educational support and enrichment within the community. Through their activities and mission, they strive to offer quality education and contribute positively to the community they serve. The Foundation's work is focused on fostering learning and growth, aiming to create a more prosperous and well-rounded society.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Star rating)

Extollo Educational Foundation has received a solid Three-Star rating from Charity Navigator, with an overall score of 87% based entirely on its Accountability & Finance metrics. This high score indicates a strong commitment to financial responsibility and transparency within the organization.

The foundation demonstrates impressive governance practices, with a completely independent board comprising three members, and no material diversion of assets. The charity excels in its program expense ratio, allocating 99.74% of its resources directly to its programs, which underscores its focus on fulfilling its mission rather than administrative costs.

While the foundation's rating highlights its strengths, it is essential for potential donors to remain aware of the limitations inherent in a single beacon score evaluation. Although the financial aspects are strong, further insight into operational effectiveness and program impact could provide a more comprehensive view of the charity's overall performance.


This AI summary has been generated from information found on Charity Navigator.

Is Extollo Educational Foundation legitimate?

Extollo Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Extollo Educational 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 Extollo Educational Foundation?

The Extollo Educational Foundation is dedicated to delivering education and enriching communities. Their primary mission is to provide educational support, aiming to contribute positively to the lives of individuals and communities. The foundation strives to empower through education, fostering a sense of growth and development within the communities they serve. Their activities are centered around promoting education and enhancing community well-being.

Who is the CEO of Extollo Educational Foundation?

Michael Bansley is the President of Extollo Educational Foundation.

What is the revenue of Extollo Educational Foundation?

Extollo Educational Foundation's revenue in 2022 was $574,294.

Who are the executives of Extollo Educational Foundation and what are their salaries?

There 10 volunteers at Extollo Educational Foundation.


Here are 3 key members and their salaries:


Michael Bansley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Woodrow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Hickey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Extollo Educational Foundation?

Extollo Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Extollo Educational Foundation

The Extollo Educational Foundation is dedicated to providing education and enriching communities. At its core, the foundation's mission is centered around offering educational support. This nonprofit organization strives to make a positive impact by enhancing educational opportunities and improving community life. Through its initiatives, Extollo Educational Foundation aims to contribute to a more educated and prosperous society.

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Impact




July, 2024

Extollo Educational Foundation's impact lies in providing educational support and community enrichment in Chicago, IL. Through its mission to offer education and community development programs, Extollo is making a positive difference in the lives of individuals and the broader community. Its focus on education is essential for empowering individuals and fostering a more vibrant and educated society.




This information is meant to be a general summary of Extollo Educational 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.

Revenue
$574,294 (2022)
Expenses
$619,488 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $58,942
  • Gross Receipts: $643,322

Assets and Liabilities:

  • Total Assets: $1,507,491
  • Total Liabilities: $0
  • Net Assets: $1,507,491

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Organization Details

Founding Year

2007

Principal Officer

Michael Bansley

Main Address

3455 SOUTH WABASH AVENUE, CHICAGO, IL, 60616

NTEE Category

Code: B12 - Education

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