Overview
What is Lena-Winslow Education Foundation?
The Lena-Winslow Education Foundation, based at 401 Fremont Street, Lena, Illinois 61048, is a nonprofit organization established to support and strengthen the longevity and sustainability of the Lena-Winslow Community School District Unit 202. Through educational efforts, the foundation has garnered donations totaling $42,593 and raised additional funds of $7,550. The board of directors has also invested funds, generating an interest of $9,630. In the 2022/2023 fiscal year, the foundation distributed grants worth $7,250 and incurred administrative fees of $2,450. The foundation's mission is to solely benefit the Lena-Winslow Community School District Unit 202.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
The Lena-Winslow Education Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and finance. With an overall score of 60%, the organization has shown strength in its program expense ratio, which stands at an impressive 96.55%, suggesting that a significant portion of its funds is directed towards its educational programs.
However, the foundation faces notable challenges regarding governance practices, as it has no independent board members and lacks critical policies such as a whistleblower policy and document retention procedures. The absence of these governance elements could raise concerns about transparency and accountability, which are essential for maintaining donor trust and effective operational management.
While the foundation has managed to show no material diversion of assets and has documented board meeting minutes, the lack of a website listed on its tax form and the failure to post its tax form on its website further detract from its credibility. Addressing these issues could enhance its overall rating and reassure stakeholders about its commitment to responsible governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lena-Winslow Education Foundation legitimate?
Lena-Winslow Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lena-Winslow 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.
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What is the mission statement of Lena-Winslow Education Foundation?
The Lena-Winslow Education Foundation was established to aid in the long-term viability and stability of the Lena-Winslow Community School District Unit 202. Operating solely for its benefit, the foundation's primary goal is to serve and support this educational institution. The foundation's initiatives include public education about its purpose and objectives. Through these efforts, it has garnered cash donations totaling $42,593 and raised an additional $7,550. Furthermore, the foundation's board has invested funds and earned interest of $9,630. In the 2022/2023 fiscal year, the foundation distributed grants worth $7,250 and incurred administrative fees of $2,450.
Who is the CEO of Lena-Winslow Education Foundation?
Robert L Lyvers is the President of Lena-Winslow Education Foundation.
What is the revenue of Lena-Winslow Education Foundation?
Lena-Winslow Education Foundation's revenue in 2023 was $59,774.
Who are the executives of Lena-Winslow Education Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Lena-Winslow Education Foundation?
Lena-Winslow Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lena-Winslow Education Foundation
The Lena-Winslow Education Foundation was established with a mission to aid in the long-term viability and stability of the Lena-Winslow Community School District Unit 202. This nonprofit organization operates exclusively for the benefit of this specific school district. The foundation's primary goal is to educate the public about its purpose and objectives, and it has successfully garnered support through cash donations, fundraising events, and investments. In the 2022/2023 financial year, the foundation disbursed grants totaling $7,250 and incurred fees of $2,450. The Lena-Winslow Education Foundation serves as a crucial entity that supports the educational well-being of the Lena-Winslow Community School District Unit 202.
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Impact
August, 2024
The Lena-Winslow Education Foundation's impact can be seen in its efforts to support the long-term viability and stability of the Lena-Winslow Community School District Unit 202. Through its fundraising activities, the foundation has been able to provide cash gifts, invest in initiatives, and offer grants to support educational programs within the district. These efforts have not only provided financial support but also contributed to raising awareness about the foundation's goals and mission within the community.
This information is meant to be a general summary of Lena-Winslow 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: $9,631
- Gross Receipts: $59,774
Assets and Liabilities:
- Total Assets: $187,907
- Total Liabilities: $0
- Net Assets: $187,907
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Organization Details
Founding Year
2010
Principal Officer
Robert L Lyvers
Main Address
401 FREMONT STREET, Lena, IL, 61048
NTEE Category
Code: B111 - Education
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