Overview
What is Lake Geauga Educational Assistance Foundation?
Lake Geauga Educational Assistance Foundation is a nonprofit organization situated in Kirtland, Ohio. Its primary focus is to offer college access and financial aid advisory services. They collaborate directly with local school districts to deploy experienced career and financial aid advisors in high schools. These advisors assist students and their families by providing unbiased information on post-secondary education options, including applications, FAFSA filings, ACT/SAT waivers, financial aid literacy, interpreting award letters, and exploring scholarship/grant opportunities. Lake Geauga Educational Assistance Foundation aims to help students make informed decisions, transition smoothly, and complete their education with minimal debt. They provide one-on-one appointments, in-class group sessions, and parent/student financial aid nights. Additionally, they distribute information pamphlets and newsletters to parents and guardians of freshmen, sophomores, juniors, and seniors. The organization positively impacts over 16,000 students and families in Lake, Geauga, Portage, and Eastern Cuyahoga counties, Ohio. With a team of 12 employees, they strive to connect individuals to their ideal careers.
Official website here: www.leaf-ohio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Lake Geauga Educational Assistance Foundation has received an impressive 97% score from Charity Navigator, indicating strong performance in accountability and finance. With a Four-Star rating, the organization showcases a commitment to transparency and effective management of funds, evidencing its reliability as a nonprofit.
Strengths of the foundation include a 100% independent board with 10 members, which ensures unbiased decision-making. The organization has demonstrated diligence in its policies, such as having a comprehensive conflict of interest policy, whistleblower policy, and thorough document retention procedures. Furthermore, with a low liabilities to assets ratio of 14.11% and a program expense ratio of 76.81%, it efficiently allocates a significant portion of its resources directly to its programs.
There are no notable limitations or concerns raised in the available data, which further enhances the foundation's reputation. Overall, the Lake Geauga Educational Assistance Foundation stands out as a highly accountable and effective organization in its mission to provide educational assistance.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Geauga Educational Assistance Foundation legitimate?
Lake Geauga Educational Assistance Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Geauga Educational Assistance 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: $67,465
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,913
For more financial information, click here
Official website here: www.leaf-ohio.org
What is the mission statement of Lake Geauga Educational Assistance Foundation?
The Lake Geauga Educational Assistance Foundation's mission is centered around delivering career and college access advisory programs. Their primary objective is to connect individuals with their best-fit career paths and higher education options. The foundation accomplishes this by collaborating with high schools and supplying experienced career and financial aid advisors. These advisors provide guidance on various aspects of post-secondary education, such as applications, financial aid literacy, and scholarship opportunities. Their goal is to help students make informed decisions, transition smoothly, and complete their education with manageable debt. In-school services include one-on-one appointments, group sessions, and financial aid nights. The foundation's impact extends to more than 16,000 students and families in Lake, Geauga, Portage, and Eastern Cuyahoga Counties, Ohio.
Official website here: www.leaf-ohio.org
Who is the CEO of Lake Geauga Educational Assistance Foundation?
Patricia Egan is the Executive Director of Lake Geauga Educational Assistance Foundation.
Official website here: www.leaf-ohio.org
What is the revenue of Lake Geauga Educational Assistance Foundation?
Lake Geauga Educational Assistance Foundation's revenue in 2022 was $586,976.
Official website here: www.leaf-ohio.org
Who are the executives of Lake Geauga Educational Assistance Foundation and what are their salaries?
The average compensation at Lake Geauga Educational Assistance Foundation during 2022 was $22,948. There are 12 employees and 37 volunteers at Lake Geauga Educational Assistance Foundation.
Here are 12 key members and their salaries:
- Compensation: $65,500
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- Other: $1,965
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Official website here: www.leaf-ohio.org
Where can I find the form 990 for Lake Geauga Educational Assistance Foundation?
Lake Geauga Educational Assistance Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leaf-ohio.org
Learn more at the official website: www.leaf-ohio.org
Mission Statement of Lake Geauga Educational Assistance Foundation
Lake Geauga Educational Assistance Foundation, in its mission, focuses on delivering career and college access advisory programs to connect individuals with their best-fit careers. The organization works closely with high schools, contracting experienced career and financial aid advisors to provide comprehensive guidance. These advisors assist students and their families, offering objective information on post-secondary education options, including two-year, four-year, and technical trade schools. They help with applications, FAFSA filings, ACT/SAT waivers, financial aid literacy, interpreting award letters, and searching for scholarships and grants. The goal is to help students make informed decisions, transition smoothly, and complete their education with minimal debt.
The foundation's services extend beyond one-on-one appointments and in-class group sessions. They also organize parent/student financial aid nights and distribute informational pamphlets and newsletters directly to parents and guardians of freshman, sophomore, junior, and senior students. Through these initiatives, Lake Geauga Educational Assistance Foundation impacts more than 16,000 students and families in Lake, Geauga, Portage, and Eastern Cuyahoga counties, Ohio. The organization's mission is to empower students to make wise choices, facilitate a successful transition, and complete their education with manageable debt loads.
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Impact
July, 2024
Lake Geauga Educational Assistance Foundation's impact is significant in providing college access and financial aid advisory services to over 16,000 students and families in Lake, Geauga, Portage, and eastern Cuyahoga counties in Ohio. By contracting with school districts to supply experienced career and financial aid advisors to high schools, they offer objective information on the postsecondary education process, including assistance with applications, FAFSA filings, financial aid literacy, interpretation of award letters, and scholarship/grant search opportunities. Their goal is to help students choose wisely, transition successfully, and complete their education with minimized debt loads. Through one-on-one appointments, group sessions, and parent/student financial aid nights, Lake Geauga Educational Assistance Foundation plays a crucial role in guiding individuals towards their best-fit careers and educational opportunities.
This information is meant to be a general summary of Lake Geauga Educational Assistance 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: $91
- Program Service Revenue: $215,883
- Gross Receipts: $586,976
Assets and Liabilities:
- Total Assets: $301,055
- Total Liabilities: $35,023
- Net Assets: $266,032
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HIGH SCHOOL ADVISORY SERVICES
Revenue
$178,058
ADVERTISING
Revenue
$26,975
SCHOLARSHIP ADMINISTRATION
Revenue
$10,850
Organization Details
Founding Year
1989
Phone
(440) 525-7095Principal Officer
Patricia Egan
Main Address
7700 Clocktower Drive, Kirtland, OH, 44094
Website
www.leaf-ohio.orgNTEE Category
Code: B80Z - Education
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