Overview
What is Kenston Forest School Foundation Inc?
Kenston Forest School Foundation Inc, located in Blackstone, Virginia, functions as a nonprofit organization with a primary objective. They primarily secure donations, deriving from individual contributions, estates, and life insurance policy proceeds. These contributions are meticulously managed for the sole purpose of benefiting Kenston Forest School, an educational institution owned by the Lunenburg-Nottoway Educational Foundation. The foundation's role is to ensure the school has the necessary resources to thrive, thereby contributing positively to the local community and its students' education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating indicates that the Kenston Forest School Foundation Inc has room for improvement, particularly in areas outside of accountability and finance. While the foundation has achieved a strong score in financial metrics, it has not garnered enough support or contributions to boost its overall rating further.
The organization demonstrates solid governance with a fully independent board, scoring 100% in board independence and having documented meeting minutes, which reflects good accountability practices. Additionally, the foundation exhibits a very low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, the overall score remains limited due to the lack of additional metrics contributing positively to the evaluation. This suggests potential challenges in visibility or donor engagement that could be areas for growth in the future. The foundation needs to enhance its outreach and fundraising strategies to improve its standing and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Kenston Forest School Foundation Inc legitimate?
Kenston Forest School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenston Forest School 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Kenston Forest School Foundation Inc?
The Kenston Forest School Foundation Inc's mission is centered around securing donations for the sole benefit of Kenston Forest School. These donations come from various sources such as individuals, estates, and life insurance policy proceeds. The foundation's role extends beyond just securing these funds; it also manages them meticulously, ensuring their exclusive use for the betterment of Kenston Forest School. It's important to note that Kenston Forest School is under the ownership of the Lunenburg-Nottoway Educational Foundation.
Who is the CEO of Kenston Forest School Foundation Inc?
Joseph W Borum is the President of Kenston Forest School Foundation Inc.
What is the revenue of Kenston Forest School Foundation Inc?
Kenston Forest School Foundation Inc's revenue in 2022 was $161,903.
Who are the executives of Kenston Forest School Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Kenston Forest School Foundation Inc?
Kenston Forest School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kenston Forest School Foundation Inc
Kenston Forest School Foundation Inc is dedicated to securing donations for the exclusive benefit of Kenston Forest School. This prestigious institution is under the ownership of the Lunenburg-Nottoway Educational Foundation. The Foundation's primary role is to manage these donations, ensuring they are used exclusively for the betterment of Kenston Forest School. By doing so, the Foundation plays a crucial role in supporting the educational needs and development of the school, leveraging the generosity of individuals, estates, and life insurance policy proceeds.
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Impact
October, 2024
The Kenston Forest School Foundation Inc significantly impacts the educational landscape by providing vital funding and resources for Kenston Forest School. Through securing donations from individuals, estates, and life insurance policies, the foundation enhances the school's ability to deliver quality education and improve facilities. By managing these contributions exclusively for the benefit of Kenston Forest School, the foundation ensures that the financial support directly translates into educational programs, resources, and opportunities that benefit students and the community as a whole. This financial backing facilitates a richer learning environment, promotes academic excellence, and helps to foster the growth and development of students, thereby playing an essential role in shaping future leaders.
This information is meant to be a general summary of Kenston Forest School 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 2022.
- Investment Income: $151,903
- Gross Receipts: $444,875
Assets and Liabilities:
- Total Assets: $3,429,111
- Total Liabilities: $0
- Net Assets: $3,429,111
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Organization Details
Phone
(434) 292-7254Principal Officer
Joseph W Borum
Main Address
75 Ridge Road, Blackstone, VA, 23824
NTEE Category
Code: B11 - Education
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