Overview
What is Olmsted Falls Endowment And Alumni?
Olmsted Falls Endowment and Alumni is a nonprofit organization based in Olmsted Falls, Ohio. Their primary mission is to support the educational needs of the community by providing scholarships to deserving students in the Olmsted Falls City School District. In addition to scholarship programs, they strive to enrich and enhance the educational experience of students by sponsoring and developing various programs and activities within the district. The organization operates with a strong commitment to improving the quality of education in the district, thereby contributing positively to the local community.
Official website here: www.ofcs.net/alumniassociation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star Rating
Olmsted Falls Endowment and Alumni has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The organization has demonstrated strengths, such as having a fully independent board and a strong program expense ratio of 85.83%, which suggests that a significant portion of its expenses goes directly towards its mission-related activities.
However, the organization faces notable challenges, particularly in financial transparency, as it has not provided any financial statements. Additionally, it lacks several important governance policies, including conflict of interest and whistleblower policies, which are critical for maintaining trust and accountability. Despite these shortcomings, there are no reported issues of asset diversion, highlighting a positive aspect of its financial integrity.
Overall, while Olmsted Falls Endowment and Alumni shows promise in its program expenditure and governance structure, the lack of essential documentation and transparency measures may concern potential donors seeking reassurance about the charity's operations and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Olmsted Falls Endowment And Alumni legitimate?
Olmsted Falls Endowment And Alumni is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olmsted Falls Endowment And Alumni 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.
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Official website here: www.ofcs.net/alumniassociation
What is the mission statement of Olmsted Falls Endowment And Alumni?
The mission of Olmsted Falls Endowment and Alumni is centered around enhancing the quality of education within the Olmsted Falls City School District. They achieve this by sponsoring and developing programs and activities that aim to enrich or enhance the educational experience of the students in the district. By doing so, they strive to provide a more enriching and engaging learning environment for the students. Additionally, the organization provides scholarships to deserving students, supporting their educational pursuits.
Official website here: www.ofcs.net/alumniassociation
Who is the CEO of Olmsted Falls Endowment And Alumni?
Tim Radigan is the President of Olmsted Falls Endowment And Alumni.
Official website here: www.ofcs.net/alumniassociation
What is the revenue of Olmsted Falls Endowment And Alumni?
Olmsted Falls Endowment And Alumni's revenue in 2023 was $644,040.
Official website here: www.ofcs.net/alumniassociation
Who are the executives of Olmsted Falls Endowment And Alumni and what are their salaries?
There 13 volunteers at Olmsted Falls Endowment And Alumni.
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Official website here: www.ofcs.net/alumniassociation
Where can I find the form 990 for Olmsted Falls Endowment And Alumni?
Olmsted Falls Endowment And Alumni's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ofcs.net/alumniassociation
Learn more at the official website: www.ofcs.net/alumniassociation
Mission Statement of Olmsted Falls Endowment And Alumni
The Olmsted Falls Endowment and Alumni is committed to enhancing the quality of education in the Olmsted Falls City School District. They achieve this by sponsoring and developing programs and activities that aim to enrich or enhance the educational experience of students within the district. This nonprofit organization strives to contribute positively to the learning journey of the students, ensuring a well-rounded education that goes beyond the conventional curriculum.
One of the primary ways the Olmsted Falls Endowment and Alumni achieves its mission is by providing scholarships to deserving students. By offering financial assistance, this nonprofit organization helps to alleviate financial burdens and enables talented students to pursue their education without being held back by financial constraints. This support not only allows students to further their academic pursuits but also encourages them to excel in their chosen fields, ultimately contributing to a more skilled and well-educated society.
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Impact
July, 2024
The Olmsted Falls Endowment And Alumni has a significant impact on the community by enhancing the quality of education in the Olmsted Falls City School District. They sponsor and develop programs and activities that enrich and enhance the educational experience of students in the district. Additionally, they provide scholarships to worthy students, further supporting the schools in the area. Their mission to enhance education directly benefits students, teachers, and the overall educational environment in Olmsted Falls.
This information is meant to be a general summary of Olmsted Falls Endowment And Alumni. 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: $41,742
- Program Service Revenue: $27,561
- Gross Receipts: $644,040
Assets and Liabilities:
- Total Assets: $1,716,442
- Total Liabilities: $0
- Net Assets: $1,716,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECOGNITION DINNERS
Revenue
$8,210
GOLF OUTING
Revenue
$19,351
Organization Details
Founding Year
1995
Principal Officer
Tim Radigan
Main Address
PO BOX 38244, Olmsted Falls, OH, 44138
NTEE Category
Code: B84 - Education
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