Overview
What is Brazos Education Foundation Inc?
Brazos Education Foundation Inc, located in Waco, Texas, is a dedicated nonprofit organization with a mission to provide affordable access to higher education. They achieve this by offering scholarships to deserving students within the state, enriching both their academic and economic lives. The foundation, officially known as Murray Watson Jr Education Foundation, has a team of five individuals working tirelessly to fulfill this purpose. Their mission extends beyond financial aid, aiming to contribute positively to the diverse cultural landscape of Texas through resources, scholarships, and valuable information.
Official website here: www.brazosfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Brazos Education Foundation Inc has achieved a Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 100% in aspects such as material diversion of assets, conflict of interest policy, and whistleblower policy, indicating robust governance and ethical practices. Additionally, the foundation has a program expense ratio of 70.31%, showcasing its dedication to effectively utilizing funds for its educational initiatives.
The foundation's overall score is derived solely from its accountability and finance metrics, which is a positive sign of transparency and responsible financial management. Notably, the liabilities to assets ratio stands at a healthy 2.83%, demonstrating the organization’s strong financial stability. The inclusion of essential documents, like board meeting minutes, further highlights its commitment to maintaining good governance practices.
While the rating reflects positive organizational strengths, it’s important to consider that the Three-Star designation indicates there is still room for improvement in other areas that could enhance overall effectiveness. Continuous efforts to expand programmatic impact and strategic growth could further bolster the foundation's reputation and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Brazos Education Foundation Inc legitimate?
Brazos Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Education 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: $212,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $324,113
For more financial information, click here
Official website here: www.brazosfoundation.org
What is the mission statement of Brazos Education Foundation Inc?
The Brazos Education Foundation Inc's mission is centered around providing opportunities for deserving students in Texas. They aim to achieve this by promoting affordable access to higher education. This initiative is intended to enrich the academic, economic, and cultural life of the diverse state. They accomplish this goal by offering resources, scholarships, and disseminating relevant information.
Official website here: www.brazosfoundation.org
Who is the CEO of Brazos Education Foundation Inc?
Ricky Turman is the President of Brazos Education Foundation Inc.
Official website here: www.brazosfoundation.org
What is the revenue of Brazos Education Foundation Inc?
Brazos Education Foundation Inc's revenue in 2022 was $104,836.
Official website here: www.brazosfoundation.org
Who are the executives of Brazos Education Foundation Inc and what are their salaries?
The average compensation at Brazos Education Foundation Inc during 2022 was $107,281. There are 5 employees and 20 volunteers at Brazos Education Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $707,065
- Other: $68,031
- Compensation: $0
- Related: $593,678
- Other: $71,273
- Compensation: $0
- Related: $341,729
- Other: $63,567
- Compensation: $165,692
- Related: $0
- Other: $46,600
- Compensation: $0
- Related: $131,448
- Other: $20,232
- Compensation: $0
- Related: $84,031
- Other: $18,574
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.brazosfoundation.org
Where can I find the form 990 for Brazos Education Foundation Inc?
Brazos Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brazosfoundation.org
Learn more at the official website: www.brazosfoundation.org
Mission Statement of Brazos Education Foundation Inc
Brazos Education Foundation Inc is dedicated to providing scholarships to deserving students in Texas. Their mission is rooted in the belief that affordable access to higher education can enrich the academic, economic, and cultural life of the diverse state. Through their resources, scholarships, and information, they strive to empower students and contribute to the betterment of Texas as a whole. By offering scholarships, this nonprofit organization aims to reduce financial barriers and enable talented individuals to pursue their educational dreams, thereby enriching the state's future.
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Impact
October, 2024
Brazos Education Foundation Inc significantly impacts the educational landscape in Texas by providing scholarships to deserving students. Through its commitment to affordable access to higher education, the foundation enriches the academic, economic, and cultural life of the state. By alleviating financial burdens, it empowers students to pursue their academic goals, ultimately fostering a more educated and skilled workforce. The foundation's resources and scholarship offerings are pivotal in helping diverse populations achieve their aspirations, ensuring that students from various backgrounds have the opportunity to succeed and contribute to their communities.
This information is meant to be a general summary of Brazos Education 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: $2,254
- Gross Receipts: $127,404
Assets and Liabilities:
- Total Assets: $650,564
- Total Liabilities: $43,701
- Net Assets: $606,863
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Organization Details
Founding Year
2009
Phone
(254) 753-0915Principal Officer
Ricky Turman
Main Address
5609 Crosslake Pkwy, Waco, TX, 76712
Website
www.brazosfoundation.orgNTEE Category
Code: B12 - Education
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