Overview
What is Corolla Education Foundation?
The Corolla Education Foundation is a nonprofit organization, situated in Corolla, North Carolina. Their primary mission revolves around operating a public charter school, aiming to expand educational opportunities in a secluded area. With an employee count of eight, this foundation, known as Water's Edge Village School, strives to make quality education accessible in a remote location.
Official website here: www.watersedgevillage.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating. This rating reflects the Corolla Education Foundation's strong performance in accountability and finance, with a score of 84%. The organization has effectively demonstrated fiscal responsibility, as indicated by high scores in various financial metrics.
One of the organization's significant strengths is its governance structure, featuring a majority independent board with 85% independent members. This governance model supports transparency and accountability. The Corolla Education Foundation has also shown diligent oversight, with an audit and oversight committee and no material diversions of assets, further enhancing its financial integrity.
However, there are noted areas for improvement, particularly in the realm of policies. The organization is currently missing critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Addressing these gaps could bolster the foundation's overall governance framework and enhance stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Corolla Education Foundation legitimate?
Corolla Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corolla 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: $323,416
For more financial information, click here
Official website here: www.watersedgevillage.com
What is the mission statement of Corolla Education Foundation?
The Corolla Education Foundation's mission is centered around operating a public charter school. This mission aims to facilitate educational opportunities in a remote area, thereby promoting access to quality education for a wider student body. By operating a charter school, the foundation seeks to provide an alternative educational environment that caters to the unique needs of its students, fostering learning and personal growth.
Official website here: www.watersedgevillage.com
Who is the CEO of Corolla Education Foundation?
Meghan Agresto is the President of Corolla Education Foundation.
Official website here: www.watersedgevillage.com
What is the revenue of Corolla Education Foundation?
Corolla Education Foundation's revenue in 2022 was $778,806.
Official website here: www.watersedgevillage.com
Who are the executives of Corolla Education Foundation and what are their salaries?
The average compensation at Corolla Education Foundation during 2022 was $40,427. There are 8 employees and 15 volunteers at Corolla Education Foundation.
Here are 7 key members and their salaries:
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Official website here: www.watersedgevillage.com
Where can I find the form 990 for Corolla Education Foundation?
Corolla Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.watersedgevillage.com
Learn more at the official website: www.watersedgevillage.com
Mission Statement of Corolla Education Foundation
The Corolla Education Foundation is dedicated to its mission of operating a public charter school in a remote area. This nonprofit organization aims to expand educational opportunities, providing a conducive learning environment for individuals who might not otherwise have access to quality education. By establishing and managing a charter school, the Corolla Education Foundation seeks to make a significant impact in promoting education, fostering intellectual growth, and providing a solid foundation for future success.
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Impact
October, 2024
Corolla Education Foundation significantly enhances educational opportunities in a remote area by operating a public charter school. This initiative addresses the unique challenges faced by the community, offering access to quality education that is often limited in such regions. The foundation's efforts foster a nurturing learning environment that promotes academic achievement and personal growth among students. By prioritizing educational access, the Corolla Education Foundation plays a crucial role in empowering local youth and contributing to the overall development of the Corolla area in North Carolina.
This information is meant to be a general summary of Corolla 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 2022.
- Investment Income: $515
- Gross Receipts: $778,806
Assets and Liabilities:
- Total Assets: $903,769
- Total Liabilities: $642
- Net Assets: $903,127
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Organization Details
Founding Year
2010
Phone
(252) 455-9449Principal Officer
Meghan Agresto
Main Address
PO BOX 215, COROLLA, NC, 27927
Website
www.watersedgevillage.comNTEE Category
Code: B90 - Education
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