Overview
What is Oll Education Services?
Oll Education Services, a nonprofit organization, is dedicated to supporting educational institutions with 501c3 status. By operating under a mission to offer facilities at below market costs, they aim to alleviate financial burdens and enable these organizations to focus on their primary educational objectives. Their programs cater to the essential expenses required to maintain these facilities, thereby ensuring the continued success of these educational institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Oll Education Services has achieved a solid rating of 83% on Charity Navigator, which reflects a strong performance in accountability and finance. The organization demonstrates a high commitment to financial integrity, indicated by its perfect audit score and the absence of material asset diversion. Its effective conflict of interest policy and thorough document retention practices further contribute to its positive evaluation.
The board composition shows room for improvement, as only 66% of its members are independent, and the independent board size is limited. However, the organization excels in its program expense ratio, spending a significant 93.12% of its budget directly on programs, which highlights its focus on mission-driven outcomes. This commitment to maximizing program funding is a notable strength.
While Oll Education Services showcases strong financial management and accountability practices, the board's independence could be enhanced for better governance. Overall, the organization appears to be a responsible steward of its resources, prioritizing mission fulfillment while maintaining transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Oll Education Services legitimate?
Oll Education Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oll Education Services 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: $68,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Oll Education Services?
Oll Education Services is dedicated to serving educational non-profit organizations by offering them facilities at prices below the market rate. This mission is carried out through the provision of programs that cover the expenses required to maintain these educational facilities. By doing so, Oll Education Services aims to make it easier for these organizations to focus on their primary mission of providing quality education. The organization's mission is centered around providing affordable and well-maintained facilities, thereby enabling educational 501c3 organizations to operate more efficiently and effectively.
Who is the CEO of Oll Education Services?
Faith Betz is the President of Oll Education Services.
What is the revenue of Oll Education Services?
Oll Education Services's revenue in 2022 was $2,195,316.
Who are the executives of Oll Education Services and what are their salaries?
The average compensation at Oll Education Services during 2022 was $68,000. There is 1 employee and 10 volunteers at Oll Education Services.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $68,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Oll Education Services?
Oll Education Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oll Education Services
Oll Education Services, as a committed organization, is dedicated to providing facilities to educational nonprofits at rates lower than the market average. Their mission is to offer essential support to these 501c3 organizations, ensuring they can focus on their primary objectives without the burden of exorbitant facility expenses. By providing such programs, Oll Education Services essentially acts as a partner in maintaining and sustaining the educational facilities of these nonprofit organizations, enabling them to continue their valuable work in the community.
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Impact
October, 2024
Oll Education Services significantly enhances the operational capacity of educational 501c3 organizations by offering facilities at below market costs. This initiative allows these organizations to allocate more resources towards their educational programs and services, ultimately benefiting the students and communities they serve. By reducing overhead costs, Oll Education Services helps these organizations maintain and improve their facilities, ensuring a conducive learning environment.
Located in North Aurora, IL, Oll Education Services serves as a vital support system for educational initiatives, fostering greater accessibility to quality education. The impact of this support extends beyond mere financial relief; it empowers educational organizations to focus on delivering valuable programs and services that enrich the learning experiences of their students. Through its commitment to providing affordable facilities, Oll Education Services plays a crucial role in strengthening the educational landscape in the region.
This information is meant to be a general summary of Oll Education Services. 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: $19,184
- Gross Receipts: $2,195,316
Assets and Liabilities:
- Total Assets: $16,516,655
- Total Liabilities: $4,176,764
- Net Assets: $12,339,891
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Organization Details
Founding Year
1982
Phone
(630) 907-2400Principal Officer
Faith Betz
Main Address
195 Poplar Place, North Aurora, IL, 60542
NTEE Category
Code: B28 - Education
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