Overview
What is The Laredo Diploma Plus Foundation Inc?
The Laredo Diploma Plus Foundation Inc is a nonprofit organization situated in Laredo, Texas, specifically at 7917 McPherson Rd 205. Their primary mission is to support and enhance educational opportunities for low-income residents, with a specific focus on at-risk high school seniors. By preventing school dropouts, they aim to improve their chances of graduating with a diploma. The foundation achieves this through their Dropout Prevention Program, which awards stipends to eligible students at risk of not completing high school. To monitor the students' progress, high school counselors from local public schools report their grades and attendance on a quarterly basis. The foundation's success rate in this program exceeds 97.5%, with minimal dropouts per group annually. Furthermore, The Laredo Diploma Plus Foundation Inc also provides charitable support to organizations and individuals in Laredo, Texas, aiming to improve their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Laredo Diploma Plus Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating reflects the charity's strong performance in various areas, particularly its 100% score for having an independent board and no material diversion of assets. This demonstrates the organization's commitment to ethical governance and responsible financial practices.
Strengths of the organization include a high program expense ratio of 94.09%, indicating that a significant majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the foundation adheres to best practices by having a comprehensive set of policies, including conflict of interest and whistleblower policies, which enhances its transparency and accountability.
While the foundation excels in financial management and governance, potential donors and supporters should consider the overall impact and effectiveness of its programs, as these factors are not detailed in the rating. Nevertheless, the strong score reflects a trustworthy organization that prioritizes accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Laredo Diploma Plus Foundation Inc legitimate?
The Laredo Diploma Plus Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Laredo Diploma Plus 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 The Laredo Diploma Plus Foundation Inc?
The Laredo Diploma Plus Foundation Inc's mission is centered around supporting and expanding educational opportunities for low-income residents, particularly at-risk high school seniors, with the aim of preventing school dropouts. Additionally, the foundation provides charitable support to enhance the quality of life for individuals, primarily focusing on the Laredo community. The foundation's Diploma Plus Program identifies eligible students at risk of not completing high school and awards them stipends based on their academic performance and attendance. The success of the program is measured by the high graduation rate of participating students, with a success rate exceeding 97.5%.
Who is the CEO of The Laredo Diploma Plus Foundation Inc?
Michael Landeck is the President of The Laredo Diploma Plus Foundation Inc.
What is the revenue of The Laredo Diploma Plus Foundation Inc?
The Laredo Diploma Plus Foundation Inc's revenue in 2022 was $72,876.
Who are the executives of The Laredo Diploma Plus Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for The Laredo Diploma Plus Foundation Inc?
The Laredo Diploma Plus Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Laredo Diploma Plus Foundation Inc
The Laredo Diploma Plus Foundation Inc is dedicated to supporting and expanding educational opportunities for low-income residents, particularly at-risk high school seniors, with the aim of preventing school dropouts. The organization's mission is twofold: firstly, it seeks to provide charitable support to enhance the quality of life for individuals in Laredo, Texas. Secondly, it focuses on preventing school dropouts by offering educational assistance to at-risk students.
The foundation achieves its educational mission through the Diploma Plus Program. This program identifies and awards stipends to eligible students who are at risk of not completing their high school education. The students' grades and attendance are closely monitored and followed up on quarterly by high school counselors from local public schools. Only eligible seniors who demonstrate consistent progress are awarded the stipends. The success of the program is measured by the high graduation rate, with over 97.5% of the program's students graduating with a diploma, and a minimal dropout rate of one student per group per year.
In summary, The Laredo Diploma Plus Foundation Inc is committed to improving the educational prospects of underprivileged students in Laredo, Texas, with a specific focus on at-risk high school seniors. By offering financial assistance and closely monitoring their progress, the foundation aims to prevent school dropouts and ultimately contribute to the betterment of these students' lives.
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Impact
August, 2024
The Laredo Diploma Plus Foundation Inc's impact can be seen in the successful implementation of its Diploma Plus Program, a dropout prevention initiative that provides support and stipends to at-risk high school seniors in Webb County, particularly in Laredo, Texas. Through this program, the Foundation is able to identify and assist students who are in danger of not completing their high school education, ultimately working to prevent school dropouts.
With a success rate exceeding 97.5% and careful monitoring of students' progress, the Foundation has been able to significantly reduce the dropout rate among program participants. By ensuring that these students graduate with a diploma, the Foundation is positively impacting not only the lives of the individuals involved but also the community as a whole. This targeted support to low-income residents and at-risk high school seniors demonstrates the Foundation's commitment to enhancing educational opportunities and quality of life in Laredo, Texas.
This information is meant to be a general summary of The Laredo Diploma Plus 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: $6,751
- Gross Receipts: $72,876
Assets and Liabilities:
- Total Assets: $310,436
- Total Liabilities: $0
- Net Assets: $310,436
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Organization Details
Founding Year
2008
Phone
(956) 337-0667Principal Officer
Michael Landeck
Main Address
7917 McPherson Rd 205, Laredo, TX, 78045
NTEE Category
Code: T31 - Philanthropy
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