Overview
What is Hammond Education Foundation Inc?
Hammond Education Foundation Inc, situated in Hammond, Indiana, functions as a nonprofit organization dedicated to enhancing educational opportunities. The foundation provides substantial grants to the School City of Hammond, supporting programs aimed at improving classroom learning for students. In addition, they offer scholarships to aid students in financing their higher education, specifically college tuition. Moreover, their Blueprint Program empowers students by preparing them for college applications, ensuring their success in higher education. With a small team of two dedicated individuals, Hammond Education Foundation Inc is committed to fostering a nurturing and supportive educational environment for students and faculty members in the School City of Hammond.
Official website here: www.hammondeducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Hammond Education Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is based entirely on its accountability metrics, indicating a robust commitment to transparency and good governance. With 90% of its board members being independent, the foundation adheres to best practices in leadership structure, which further enhances its credibility.
The foundation scores exceptionally well in several key areas, such as having no material diversion of assets and maintaining a low liabilities to assets ratio of 0.00%. This financial health suggests that the organization effectively manages its resources and is likely positioned to achieve its mission without the burden of debt. Additionally, the presence of essential policies, including conflict of interest and whistleblower protections, indicates a strong ethical framework.
While the program expense ratio is commendable at 69.56%, it does indicate that there is room for improvement in how funds are allocated toward program services compared to administrative costs. Overall, Hammond Education Foundation Inc demonstrates a solid commitment to accountability and effective governance, making it a trustworthy option for donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hammond Education Foundation Inc legitimate?
Hammond Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hammond Education 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: $40,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hammondeducationfoundation.org
What is the mission statement of Hammond Education Foundation Inc?
The Hammond Education Foundation Inc's mission is centered around enhancing educational opportunities for students and faculty members within the elementary, middle, and high schools. This is achieved by providing grants to fund educational programs benefiting classroom learning, offering scholarships to assist students with college tuition, and implementing the Blueprint program to aid students in college preparation, application, and success. In essence, the foundation aims to support and empower students and educators in their academic journeys.
Official website here: www.hammondeducationfoundation.org
Who is the CEO of Hammond Education Foundation Inc?
Roxanna Lugo O'Rourke is the President of Hammond Education Foundation Inc.
Official website here: www.hammondeducationfoundation.org
What is the revenue of Hammond Education Foundation Inc?
Hammond Education Foundation Inc's revenue in 2023 was $194,748.
Official website here: www.hammondeducationfoundation.org
Who are the executives of Hammond Education Foundation Inc and what are their salaries?
The average compensation at Hammond Education Foundation Inc during 2023 was $20,140. There are 2 employees and 10 volunteers at Hammond Education Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.hammondeducationfoundation.org
Where can I find the form 990 for Hammond Education Foundation Inc?
Hammond Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hammondeducationfoundation.org
Learn more at the official website: www.hammondeducationfoundation.org
Mission Statement of Hammond Education Foundation Inc
Hammond Education Foundation Inc is a nonprofit organization with a mission to enhance the educational opportunities for students and faculty members within the elementary, middle, and high schools of the School City of Hammond. The foundation achieves this mission by providing grants to fund educational programs that benefit the learning of children in the classroom. Additionally, Hammond Education Foundation Inc offers scholarships to students to assist them in covering college tuition costs. Furthermore, the foundation runs a Blueprint program, designed to help students prepare for, apply for, and ultimately succeed in higher education.
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Impact
October, 2024
Hammond Education Foundation Inc significantly enhances educational opportunities for students and faculty members within the School City of Hammond. By providing grants to support innovative programs, it directly benefits classroom learning, creating an enriched educational environment. The foundation also offers scholarships that assist students in pursuing higher education, alleviating financial burdens associated with college tuition.
Moreover, through initiatives like the Blueprint Program, Hammond Education Foundation Inc equips students with critical skills for preparing, applying for, and succeeding in college. This comprehensive support not only fosters academic achievement but also empowers students to reach their potential and embark on successful future careers. The foundation's impact resonates through the entire community, nurturing a culture of learning and growth in Hammond.
This information is meant to be a general summary of Hammond Education 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 2023.
- Investment Income: $15,171
- Gross Receipts: $229,483
Assets and Liabilities:
- Total Assets: $944,577
- Total Liabilities: $0
- Net Assets: $944,577
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Organization Details
Founding Year
1983
Phone
(219) 933-2400Principal Officer
Roxanna Lugo O'Rourke
Main Address
1238 MICHIGAN STREET, HAMMOND, IN, 46320
NTEE Category
Code: B84 - Education
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