Overview
What is Barnesville Area Education Foundation?
The Barnesville Area Education Foundation is a nonprofit organization located in Barnesville, Ohio. Its primary mission is to support the education of local school children by awarding scholarships, providing grants for classroom expenses, and honoring outstanding Barnesville graduates. Through these initiatives, the foundation has allocated significant funds, totaling $179,544, towards these educational purposes. With a dedicated team of one individual, the Barnesville Area Education Foundation plays a crucial role in enriching the educational experiences of the area's youth.
Official website here: www.baefoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (69%)
The Barnesville Area Education Foundation has received a two-star rating, indicating a need for improvement in its overall accountability and finance practices. While the organization boasts 100% independent board members, which contributes positively to governance, it lacks several key policies that are crucial for operational transparency, including a conflict of interest policy and a whistleblower policy. Additionally, the foundation has not provided financial statements, which significantly impacts its financial score.
Despite the shortcomings in governance and documentation, the foundation demonstrates a strong commitment to its mission with an impressive program expense ratio of 83.15%. This indicates that a significant majority of its resources are allocated directly to programs rather than administrative costs, which is a positive aspect of its financial management. However, the absence of a documented financial strategy raises concerns about the organization's fiscal transparency and accountability.
Overall, while the Barnesville Area Education Foundation shows promise in its program dedication, it has considerable work to do in establishing critical governance policies and improving its financial reporting. Addressing these issues could enhance its rating and overall effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Barnesville Area Education Foundation legitimate?
Barnesville Area Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barnesville Area 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: $6,030
For more financial information, click here
Official website here: www.baefoundation.com
What is the mission statement of Barnesville Area Education Foundation?
The Barnesville Area Education Foundation, as stated in its mission, is dedicated to advancing the education of children within the Barnesville area school system. This is achieved through various means, such as offering scholarships, providing financial aid for teachers' classroom expenses, and granting funds to the Barnesville Public Schools for educational purposes. Furthermore, the foundation honors outstanding graduates from Barnesville, recognizing their achievements.
Official website here: www.baefoundation.com
What is the revenue of Barnesville Area Education Foundation?
Barnesville Area Education Foundation's revenue in 2024 was $251,327.
Official website here: www.baefoundation.com
Who are the executives of Barnesville Area Education Foundation and what are their salaries?
The average compensation at Barnesville Area Education Foundation during 2024 was $6,030. There is 1 employee and 10 volunteers at Barnesville Area Education Foundation.
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Official website here: www.baefoundation.com
Where can I find the form 990 for Barnesville Area Education Foundation?
Barnesville Area Education Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.baefoundation.com
Learn more at the official website: www.baefoundation.com
Mission Statement of Barnesville Area Education Foundation
The Barnesville Area Education Foundation, a dedicated nonprofit organization, is committed to advancing the education of children attending Barnesville Area Schools. Its mission is centered around providing various forms of support to foster the learning journey of these students. This support takes multiple forms, including the awarding of scholarships to deserving students, granting funds to teachers for classroom expenses to enhance their teaching methods, and providing financial assistance to Barnesville Public Schools for educational purposes. Furthermore, the foundation honors outstanding Barnesville graduates, recognizing their achievements and contributions. Through these initiatives, the Barnesville Area Education Foundation plays a crucial role in enriching the educational experiences of local children, thereby contributing to their overall development and future success.
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Impact
October, 2024
The Barnesville Area Education Foundation significantly impacts the educational landscape for children in the Barnesville area by providing essential financial support for scholarships, classroom resources, and grants. In recent years, it has awarded $64,500 in scholarships, enabling students to pursue their educational goals. Additionally, the foundation has allocated $3,300 for teacher awards aimed at covering classroom expenses, fostering a richer learning environment.
Grants totaling $111,544 have been directed to Barnesville Public Schools for various educational purposes, directly enhancing the resources available to students and educators. Beyond financial support, the foundation honors outstanding Barnesville graduates, celebrating their achievements and inspiring the next generation. Through these efforts, the Barnesville Area Education Foundation plays a vital role in furthering education and supporting the community’s youth.
This information is meant to be a general summary of Barnesville Area 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 2024.
- Investment Income: $141,247
- Gross Receipts: $251,327
Assets and Liabilities:
- Total Assets: $3,779,391
- Total Liabilities: $0
- Net Assets: $3,779,391
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Organization Details
Founding Year
1979
Principal Officer
Joel Braido
Website
www.baefoundation.comNTEE Category
Code: B82 - Education
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