Overview
What is Education Foundation Of Twin Lakes Inc?
The Education Foundation of Twin Lakes Inc, located in Monticello, Indiana, serves as a vital nonprofit organization within the Twin Lakes public school system. Their primary mission is to provide financial aid through grants and scholarships, thereby supporting both students and educators within this educational network. Their activities are centered around offering monetary assistance for educational purposes, aiming to enhance the learning environment and opportunities for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while the Education Foundation Of Twin Lakes Inc demonstrates some accountability and financial health, it falls short of the higher standards set by more highly rated organizations.
The foundation's strengths include a strong independent board, with all members meeting the criteria for independence, and a solid program expense ratio of 74.14%, indicating that a significant proportion of its budget is directed toward its charitable programs. Additionally, the organization has no reported material diversion of assets, which is a positive sign of financial integrity.
However, the organization has several notable weaknesses. It lacks key policies such as a conflict of interest policy, whistleblower policy, and document retention policy, all of which are essential for transparency and accountability. Furthermore, the nonprofit's website is missing important documents, including tax forms and meeting minutes, which could hinder public trust and accessibility.
This AI summary has been generated from information found on Charity Navigator.
Is Education Foundation Of Twin Lakes Inc legitimate?
Education Foundation Of Twin Lakes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Foundation Of Twin Lakes 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
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What is the mission statement of Education Foundation Of Twin Lakes Inc?
The Education Foundation of Twin Lakes Inc is committed to providing financial support for educational purposes. This mission is carried out by offering grants and scholarships to students and teachers within the Twin Lakes public school system. The primary goal is to enhance the learning experience and educational opportunities for all involved. By providing financial aid, the foundation aims to empower students and educators to reach their full potential. This support can significantly impact the quality of education and the overall success of students in their academic pursuits.
Who is the CEO of Education Foundation Of Twin Lakes Inc?
Christie Holst is the Treasurer of Education Foundation Of Twin Lakes Inc.
What is the revenue of Education Foundation Of Twin Lakes Inc?
Education Foundation Of Twin Lakes Inc's revenue in 2022 was $24,703.
Who are the executives of Education Foundation Of Twin Lakes Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Education Foundation Of Twin Lakes Inc?
Education Foundation Of Twin Lakes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Education Foundation Of Twin Lakes Inc
The Education Foundation of Twin Lakes Inc is committed to providing financial support for the educational needs of the Twin Lakes public school system. This nonprofit organization's mission is to assist both students and teachers by offering grants and scholarships. By doing so, it aims to enhance the learning experience and educational opportunities within the Twin Lakes community.
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Impact
August, 2024
The Education Foundation of Twin Lakes Inc has a significant impact on the Twin Lakes public school system in Monticello, IN. By providing financial support in the form of grants and scholarships, the foundation assists students and teachers in their educational pursuits. This support directly contributes to the improvement of educational opportunities and outcomes within the Twin Lakes community.
This information is meant to be a general summary of Education Foundation Of Twin Lakes 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: $21,459
- Gross Receipts: $24,703
Assets and Liabilities:
- Total Assets: $608,753
- Total Liabilities: $0
- Net Assets: $608,753
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Organization Details
Founding Year
1994
Phone
(574) 583-0432Principal Officer
Christie Holst
Main Address
565 S MAIN ST, MONTICELLO, IN, 47960
NTEE Category
Code: B82 - Education
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