Overview
What is Waterford Educational Foundation?
Waterford Educational Foundation is a charitable organization situated in Waterford, California, primarily focused on providing scholarships or financial aid. Their primary mission is to boost the educational prospects within the local community. By offering financial assistance, they aim to create more opportunities for individuals seeking further education, thereby contributing to the overall development of the community. The organization operates with the objective of enhancing local educational opportunities, ensuring that education remains accessible and affordable for all.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Waterford Educational Foundation has received a One-Star rating due to significant weaknesses in accountability and finance, reflected in a score of 53%. This rating is primarily driven by the absence of independent board members and missing key governance policies, such as conflict of interest and whistleblower policies, which are critical for fostering transparency and accountability within the organization.
On a positive note, the foundation has demonstrated a high program expense ratio of 97.55%, indicating that the vast majority of its resources are directed towards its educational programs. Additionally, there are no material diversions of assets reported, which showcases a level of financial integrity in terms of resource allocation. However, the lack of transparency in governance practices raises concerns about the foundation's overall accountability.
Overall, the Waterford Educational Foundation's rating underscores the need for improvements in its governance practices. Enhancing board independence and implementing necessary policies could significantly bolster its accountability score and improve trust among stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Waterford Educational Foundation legitimate?
Waterford Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterford 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:
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What is the mission statement of Waterford Educational Foundation?
The Waterford Educational Foundation, functioning as a scholarship or financial aid organization, is dedicated to enhancing educational opportunities in its mission statement. By focusing on local educational advancement, the organization aims to contribute positively to the learning environment and provide support for individuals seeking educational growth. The foundation's objective is to create a more enriching educational landscape, ensuring that various learning opportunities are accessible to all.
What is the revenue of Waterford Educational Foundation?
Waterford Educational Foundation's revenue in 2023 was $25,995.
Who are the executives of Waterford Educational 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 Waterford Educational Foundation?
Waterford Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Waterford Educational Foundation
Waterford Educational Foundation is an organization dedicated to advancing educational opportunities within the local community. Their mission, in simple terms, is to enhance the educational landscape by providing scholarships or financial aid. This nonprofit organization aims to broaden the horizons of learning, ensuring that everyone has the chance to pursue their educational goals, regardless of financial constraints. By fostering a conducive learning environment, Waterford Educational Foundation strives to empower individuals and contribute to the overall development of the community.
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Impact
October, 2024
Waterford Educational Foundation significantly enhances local educational opportunities in Waterford, CA, by providing scholarships and financial aid. This support empowers students to pursue their academic goals, access higher education, and build a brighter future. By alleviating financial barriers, the foundation fosters an inclusive educational environment, allowing a diverse range of students to succeed. Through its efforts, the foundation helps cultivate a community that values education and invests in the potential of its youth, creating a lasting impact on individual lives and the community as a whole.
This information is meant to be a general summary of Waterford 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 2023.
- Investment Income: $20
- Gross Receipts: $27,045
Assets and Liabilities:
- Total Assets: $86,718
- Total Liabilities: $0
- Net Assets: $86,718
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Organization Details
Founding Year
2003
Principal Officer
Laura Finneman
NTEE Category
Code: B82 - Education
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