Overview
What is Parsons-Decatur County Higher Education Foundation?
The Parsons-Decatur County Higher Education Foundation is a nonprofit organization situated in Parsons, Tennessee. Its primary mission is to promote education within the city of Parsons, Decatur County, and its surrounding areas. To accomplish this, the foundation maintains and funds educational facilities in Parsons, and also provides scholarships to support local residents in their educational pursuits. The foundation's aim is to contribute to the community's educational growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 73%
The Parsons-Decatur County Higher Education Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its operational practices. With an overall score of 73%, the foundation demonstrates strengths in having a fully independent board and a commendable program expense ratio of 100%, suggesting that all of its expenses are directed towards its programs.
However, several significant areas require attention, particularly in transparency and governance. The foundation has failed to provide financial statements or post its tax form on its website, which are critical for accountability. Additionally, the absence of a whistleblower policy and a document retention policy further highlights vulnerabilities in its governance structure.
While the organization has demonstrated good practices in certain areas, the gaps in key policies and documentation could raise concerns for potential donors and stakeholders about the foundation's commitment to fiscal responsibility and transparency. Addressing these shortcomings could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Parsons-Decatur County Higher Education Foundation legitimate?
Parsons-Decatur County Higher Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parsons-Decatur County Higher Education 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
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What is the mission statement of Parsons-Decatur County Higher Education Foundation?
The Parsons-Decatur County Higher Education Foundation's mission is centered around promoting education for the local community. This is achieved by providing educational facilities and scholarships, thereby fostering educational opportunities for residents in the surrounding area. The foundation's activities include maintaining educational facilities and offering financial aid to deserving individuals, thereby enhancing their access to quality education.
Who is the CEO of Parsons-Decatur County Higher Education Foundation?
Jon Ayers is the President & Director of Parsons-Decatur County Higher Education Foundation.
What is the revenue of Parsons-Decatur County Higher Education Foundation?
Parsons-Decatur County Higher Education Foundation's revenue in 2023 was $695,498.
Who are the executives of Parsons-Decatur County Higher Education Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Parsons-Decatur County Higher Education Foundation?
Parsons-Decatur County Higher Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Parsons-Decatur County Higher Education Foundation
The Parsons-Decatur County Higher Education Foundation is committed to promoting the education of individuals residing in the surrounding area of Parsons, Tennessee, and Decatur County. To accomplish this mission, the organization provides educational facilities and scholarships. By doing so, it aims to contribute to the intellectual growth and development of the local community, offering opportunities for personal and professional advancement. The Foundation's primary goal is to enhance the overall quality of life by fostering a culture of learning and innovation.
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Impact
July, 2024
The Parsons-Decatur County Higher Education Foundation has had a significant impact on the education of residents in Parsons and Decatur County, Tennessee, and the surrounding area. By providing educational facilities and scholarships, the foundation has helped numerous individuals access higher education opportunities that they may not have been able to afford otherwise. This support has not only enriched the lives of the recipients but has also contributed to the overall educational advancement and prosperity of the community.
This information is meant to be a general summary of Parsons-Decatur County Higher Education 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $61,890
- Program Service Revenue: $408,658
- Gross Receipts: $695,498
Assets and Liabilities:
- Total Assets: $8,645,495
- Total Liabilities: $0
- Net Assets: $8,645,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY FEES
Revenue
$408,658
Organization Details
Founding Year
2009
Phone
(731) 847-6358Principal Officer
Jon Ayers
Main Address
PO BOX 893, PARSONS, TN, 38363
NTEE Category
Code: B90 - Education
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