Overview
What is Innovators Educational Foundation?
The Innovators Educational Foundation is a nonprofit organization dedicated to encouraging innovative, hands-on learning. Their primary mission involves offering planning and expertise for schools participating in the American Solar Car Challenge. In addition, they extended their support in 2014 to the United Arab Emirates' solar car efforts. The foundation aims to foster a culture of innovation and practical learning, empowering schools and students to push the boundaries of knowledge and creativity.
Official website here: www.americansolarchallenge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Innovators Educational Foundation has earned a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance with a score of 83%. This rating indicates that the organization effectively manages its resources and adheres to sound financial practices. The charity's governance is underscored by its 100% independent board, ensuring unbiased decision-making.
The foundation excels in several key areas, including a high program expense ratio of 83.92%, which indicates a significant portion of funds is directed towards its programs rather than administrative costs. Additionally, there are no reported material diversions of assets, and it maintains transparency by posting necessary documents and tax forms on its website. However, the absence of a whistleblower policy and document retention guidelines may point to areas needing improvement in governance practices.
Overall, while Innovators Educational Foundation demonstrates solid financial health and accountability, addressing the gaps in its governance policies could enhance its credibility and operational effectiveness. The salary of key personnel is transparent, with the president earning $97,793, contributing to a clear picture of the organization's financial landscape.
This AI summary has been generated from information found on Charity Navigator.
Is Innovators Educational Foundation legitimate?
Innovators Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovators 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: $83,042
For more financial information, click here
Official website here: www.americansolarchallenge.org
What is the mission statement of Innovators Educational Foundation?
The Innovators Educational Foundation is dedicated to fostering innovative, hands-on learning experiences. Specifically, they offer planning and expert guidance to schools participating in the American Solar Car Challenge. Additionally, in 2014, they extended their assistance to the solar car efforts of the United Arab Emirates.
Official website here: www.americansolarchallenge.org
Who is the CEO of Innovators Educational Foundation?
Gail Lueck is the President of Innovators Educational Foundation.
Official website here: www.americansolarchallenge.org
What is the revenue of Innovators Educational Foundation?
Innovators Educational Foundation's revenue in 2022 was $350,205.
Official website here: www.americansolarchallenge.org
Who are the executives of Innovators Educational Foundation and what are their salaries?
The average compensation at Innovators Educational Foundation during 2022 was $83,042. There is 1 employee and 42 volunteers at Innovators Educational Foundation.
Here are 5 key members and their salaries:
- Compensation: $83,042
- Related: $0
- Other: $0
- 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.americansolarchallenge.org
Where can I find the form 990 for Innovators Educational Foundation?
Innovators Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americansolarchallenge.org
Learn more at the official website: www.americansolarchallenge.org
Mission Statement of Innovators Educational Foundation
The Innovators Educational Foundation, a nonprofit organization, is dedicated to fostering innovative, hands-on learning experiences. Specifically, it provides strategic guidance and expertise to schools participating in the American Solar Car Challenge. In addition, the foundation extended its assistance in 2014 to aid the solar car efforts of the United Arab Emirates. By doing so, the Innovators Educational Foundation aims to inspire and educate future generations in the realm of renewable energy and engineering.
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Impact
June, 2024
Innovators Educational Foundation is making a significant impact by promoting innovative hands-on learning. They provide planning and expertise for schools participating in the American Solar Car Challenge, as well as offering assistance to the United Arab Emirates solar car efforts. Through their work, they are not only fostering a culture of innovation and hands-on education, but also contributing to the development of sustainable energy solutions. Their focus on the environment aligns with their mission to inspire and empower students to think creatively and critically about real-world challenges.
This information is meant to be a general summary of Innovators 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $27
- Program Service Revenue: $172,345
- Gross Receipts: $350,205
Assets and Liabilities:
- Total Assets: $551,195
- Total Liabilities: $98,513
- Net Assets: $452,682
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Income
Revenue
$165,520
Conference Registration
Revenue
$2,225
Late Payment Fee
Revenue
$4,600
Organization Details
Founding Year
2009
Principal Officer
Gail Lueck
Main Address
1028 S Bishop Ave Ste 314, Rolla, MO, 65401
NTEE Category
Code: C35 - Environment
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