Overview
What is Torrance Education Foundation?
The Torrance Education Foundation is a nonprofit organization located at 3420 W 229TH PLACE 19A, Torrance, CA 90505. Their primary objective is to enhance various educational programs within the Torrance Unified School District. Established with a mission to support public schools, they aim to provide a high-quality public education. The foundation accomplishes this by offering financial assistance to the schools, contributing to the overall improvement of the educational experience for students. They currently employ a team of 28 individuals, dedicated to their cause.
Official website here: www.torranceeducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating reflects that the Torrance Education Foundation has some strengths in its governance and financial practices but also notable shortcomings. The organization benefits from having a fully independent board and a strong program expense ratio, indicating a significant commitment to its mission-related activities.
However, the Foundation faces serious challenges in areas of accountability and transparency. Key policies on conflict of interest and whistleblower protections are missing, which could raise concerns about governance practices. Additionally, financial statements are not provided, which limits stakeholders' ability to fully assess the organization's financial health and operations.
Despite these issues, the Foundation does have a commendable liability to assets ratio, suggesting it manages its financial obligations effectively. Efforts to improve transparency by addressing the missing documentation and policy frameworks could enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Torrance Education Foundation?
Currently, there are three reviews for the Torrance Education Foundation, with all feedback highlighting strong support for the community's students. A consistent theme is the appreciation for the impact the foundation has on educational initiatives.
Although the foundation has not yet received a formal rating, the sentiment expressed by users indicates a positive outlook regarding its involvement and contributions to enhancing student experiences.
Overall, commenters emphasize a strong commitment from the foundation to foster educational growth and community engagement, signaling that it plays a vital role in supporting local students in their academic journeys.
This AI summary has been generated from reviews found on Facebook.
Is Torrance Education Foundation legitimate?
Torrance Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torrance 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: $167,439
For more financial information, click here
Official website here: www.torranceeducationfoundation.org
What is the mission statement of Torrance Education Foundation?
The Torrance Education Foundation is established with the primary objective of providing financial aid to public schools within the Torrance Unified School District. This support is aimed at enhancing the quality of public education. The foundation's mission is achieved by granting funds to various educational programs at schools within the district. The ultimate goal is to improve the overall educational experience for students. The foundation's activities focus on boosting the educational resources available to these schools, thereby contributing to a more enriching learning environment.
Official website here: www.torranceeducationfoundation.org
Who is the CEO of Torrance Education Foundation?
Patrick Furey is the President of Torrance Education Foundation.
Official website here: www.torranceeducationfoundation.org
What is the revenue of Torrance Education Foundation?
Torrance Education Foundation's revenue in 2022 was $847,115.
Official website here: www.torranceeducationfoundation.org
Who are the executives of Torrance Education Foundation and what are their salaries?
The average compensation at Torrance Education Foundation during 2022 was $5,980. There are 28 employees and 70 volunteers at Torrance Education Foundation.
Here are 4 key members and their salaries:
- 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.torranceeducationfoundation.org
Where can I find the form 990 for Torrance Education Foundation?
Torrance Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.torranceeducationfoundation.org
Learn more at the official website: www.torranceeducationfoundation.org
Mission Statement of Torrance Education Foundation
The Torrance Education Foundation is an organization dedicated to providing financial support for the public schools within the Torrance Unified School District. Their mission is to enhance the quality of public education by offering financial aid to various educational programs at these schools. By doing so, the foundation aims to contribute to a well-rounded and enriching educational experience for students in the district.
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Impact
October, 2024
The Torrance Education Foundation significantly enhances the educational landscape for students in the Torrance Unified School District. By providing critical financial support, it enables schools to implement various programs that enrich the learning experience. The foundation grants resources that help foster innovative educational initiatives, promote diverse learning opportunities, and ensure that students receive a high-quality curriculum. This impactful support is essential in addressing the varying needs of the student population, ultimately contributing to their academic success and personal development.
This information is meant to be a general summary of Torrance 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: $3,161
- Program Service Revenue: $183,081
- Gross Receipts: $923,080
Assets and Liabilities:
- Total Assets: $1,509,178
- Total Liabilities: $386,159
- Net Assets: $1,123,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUMMER SCHOOL TUITION
Revenue
$183,081
Organization Details
Founding Year
1992
Phone
(310) 972-6970Principal Officer
Patrick Furey
Main Address
3420 W 229TH PLACE 19A, TORRANCE, CA, 90505
NTEE Category
Code: B90Z - Education
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