Overview
What is Bay Village Educational Foundation Inc?
The Bay Village Educational Foundation Inc is a nonprofit organization dedicated to enhancing the educational experience of children in the Bay Village School District. They accomplish this by soliciting and collecting funds, which are then utilized for curriculum enrichment, scholarships, and related purposes. This foundation supports teachers, students, and faculty through grant programs, and extends its benefits to college-bound students by offering scholarships and awards.
Official website here: www.bayedfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
The Bay Village Educational Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's overall score is primarily based on a single beacon score that reflects its performance in accountability and finance, where it scored 36%. While the foundation boasts 100% independent board members and has shown no material diversion of assets, its overall financial health raises flags.
Strengths include the presence of a fully independent board and the existence of board meeting minutes, which suggests a level of governance. However, the foundation suffers from critical deficiencies, such as missing policies on conflicts of interest, whistleblower protections, and document retention. Additionally, the program expense ratio is low at 30.49%, indicating that a significant portion of its resources may not be directed towards its programs.
Overall, while there are strengths in governance, the lack of essential financial policies and low program expenditure suggest potential issues that donors and stakeholders should consider. Enhancing accountability measures could improve the foundation's standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Village Educational Foundation Inc legitimate?
Bay Village Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Village Educational 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: $0
For more financial information, click here
Official website here: www.bayedfoundation.org
What is the mission statement of Bay Village Educational Foundation Inc?
The Bay Village Educational Foundation's primary objective is to gather funds, with the intent of utilizing them for curriculum enhancement, scholarship provision, and related benefits for children attending public schools within the Bay Village School District. This non-profit organization supports teachers, students, and faculty by offering grants, and provides financial aid in the form of scholarships and awards to deserving students.
Official website here: www.bayedfoundation.org
Who is the CEO of Bay Village Educational Foundation Inc?
Dianne Maybaum is the Treasurer of Bay Village Educational Foundation Inc.
Official website here: www.bayedfoundation.org
What is the revenue of Bay Village Educational Foundation Inc?
Bay Village Educational Foundation Inc's revenue in 2022 was $40,993.
Official website here: www.bayedfoundation.org
Who are the executives of Bay Village Educational Foundation Inc and what are their salaries?
There 20 volunteers at Bay Village Educational Foundation Inc.
Here are 5 key members and their salaries:
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Official website here: www.bayedfoundation.org
Where can I find the form 990 for Bay Village Educational Foundation Inc?
Bay Village Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayedfoundation.org
Learn more at the official website: www.bayedfoundation.org
Mission Statement of Bay Village Educational Foundation Inc
The Bay Village Educational Foundation, as its primary mission, focuses on the collection and distribution of funds. This nonprofit organization aims to enhance the curriculum, provide scholarships, and contribute to various educational needs within the Bay Village School District. By soliciting funds, the Foundation supports curriculum enrichment activities, offering grants to teachers, students, and faculty. Furthermore, it extends its support to students by providing college scholarships and awards, thereby fostering academic growth and success.
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Impact
August, 2024
Bay Village Educational Foundation Inc plays a crucial role in enhancing the educational experience for public school children in the Bay Village School District. Through the solicitation and collection of funds, the organization supports curriculum enrichment, scholarships, and related initiatives. Its programs provide grants to teachers, students, and faculty members, along with college scholarships and awards for students. By actively engaging in fundraising efforts, the foundation enables the community to invest in the academic success and development of students in the Bay Village area, ultimately contributing to the overall educational landscape of the region.
This information is meant to be a general summary of Bay Village Educational 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: $33,213
- Gross Receipts: $85,850
Assets and Liabilities:
- Total Assets: $745,459
- Total Liabilities: $0
- Net Assets: $745,459
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Organization Details
Founding Year
1985
Phone
(216) 374-4999Principal Officer
Dianne Maybaum
Main Address
PO BOX 40262, BAY VILLAGE, OH, 44140
Website
www.bayedfoundation.orgNTEE Category
Code: B82 - Education
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