Overview
What is Waldorf Lutheran College Foundation Inc?
Waldorf Lutheran College Foundation Inc is a nonprofit organization that has established various scholarship funds and a general endowment fund. Their primary objective is to provide financial aid and scholarships to students attending Waldorf University. The foundation's resources will be allocated to support the educational aspirations of these students, contributing to their overall academic journey. While specific details about their activities or mission are not readily available, it is evident that they are committed to fostering educational opportunities and enabling deserving students to pursue their academic goals at Waldorf University.
Official website here: www.waldorffoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 32%, Zero-Star out of Four Star Rating
The Waldorf Lutheran College Foundation Inc has received a low rating of 32%, primarily driven by shortcomings in accountability and financial transparency. While the organization has a fully independent board and adheres to various governance policies, it fails to provide essential financial statements and has several areas where it did not meet the required benchmarks, impacting its overall score significantly.
Strengths include a well-structured independent board and the existence of various policies that are in place to promote good governance. However, critical financial metrics such as the program expense ratio and fundraising efficiency were rated poorly, indicating possible inefficiencies in how funds are utilized and raised. The absence of financial statements is particularly concerning, as it limits transparency and accountability.
Overall, while Waldorf Lutheran College Foundation has certain governance strengths, the lack of financial documentation and poor performance in key financial indicators suggest that potential donors should thoroughly evaluate these aspects before contributing to the organization. The rating reflects a need for improvement in financial practices to ensure better accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Waldorf Lutheran College Foundation Inc legitimate?
Waldorf Lutheran College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waldorf Lutheran College 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: $123,737
For more financial information, click here
Official website here: www.waldorffoundation.org
What is the mission statement of Waldorf Lutheran College Foundation Inc?
The Waldorf Lutheran College Foundation Inc. is committed to supporting the financial needs of students at Waldorf University. Through the establishment of various scholarship funds and a general endowment fund, the foundation aims to provide financial aid and scholarships to deserving students. This initiative aims to make higher education more accessible and affordable for a diverse range of students. The foundation's efforts contribute significantly to the educational journey of these students, empowering them to pursue their academic goals.
Official website here: www.waldorffoundation.org
Who is the CEO of Waldorf Lutheran College Foundation Inc?
Raymond Beebe is the Director of Waldorf Lutheran College Foundation Inc.
Official website here: www.waldorffoundation.org
What is the revenue of Waldorf Lutheran College Foundation Inc?
Waldorf Lutheran College Foundation Inc's revenue in 2022 was $1,310,424.
Official website here: www.waldorffoundation.org
Who are the executives of Waldorf Lutheran College Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.waldorffoundation.org
Where can I find the form 990 for Waldorf Lutheran College Foundation Inc?
Waldorf Lutheran College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waldorffoundation.org
Learn more at the official website: www.waldorffoundation.org
Mission Statement of Waldorf Lutheran College Foundation Inc
Waldorf Lutheran College Foundation, Inc., a notable nonprofit organization, has set forth its mission to establish various scholarship funds and a general endowment fund. These funds serve a primary purpose, which is to offer financial aid and scholarships to students enrolled at Waldorf University. By doing so, the foundation aims to support the educational pursuits of these students, thereby contributing to their overall growth and success.
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Impact
October, 2024
Waldorf Lutheran College Foundation Inc plays a significant role in enhancing educational opportunities for students at Waldorf University through its establishment of various scholarship funds and a general endowment fund. This financial support is crucial in alleviating the burden of tuition costs, making higher education more accessible for students. By providing scholarships, the foundation empowers individuals to pursue their academic and career goals while fostering a supportive learning environment. The impact of these efforts not only aids students in their educational journeys but also contributes to the overall mission of promoting education and personal growth within the community of Forest City, Iowa.
This information is meant to be a general summary of Waldorf Lutheran College 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: $285,813
- Gross Receipts: $1,310,424
Assets and Liabilities:
- Total Assets: $6,080,607
- Total Liabilities: $85,168
- Net Assets: $5,995,439
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Organization Details
Founding Year
2011
Principal Officer
Raymond Beebe
Main Address
116 EAST I STREET, FOREST CITY, IA, 50436
Website
www.waldorffoundation.orgNTEE Category
Code: B82 - Education
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