Overview
What is Faribault Area Public Schools Educational Trust Association?
Faribault Area Public Schools Educational Trust Association is a nonprofit organization situated in Faribault, Minnesota, specifically at 71st Street SW. Their primary mission is to offer scholarships to deserving high school seniors, utilizing criteria such as academics and civic involvement, in collaboration with the local high school, drawing from the principles of the "Dollar for Scholar" National Program. The association, known as Faribault Falcon Scholarships, aims to support the educational aspirations of the community's youth.
Official website here: www.fapseta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Faribault Area Public Schools Educational Trust Association has received a 76% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's strengths include a fully independent board with 100% of its members being independent, strong program expense ratios, and no material diversion of assets reported. These factors contribute positively to its overall performance.
However, the evaluation also highlights some areas for improvement. Specifically, the organization is noted for missing key governance policies such as a conflict of interest policy, whistleblower policy, and document retention procedures. These omissions have impacted their scores in these areas, reflecting a need for enhanced governance practices.
Despite these limitations, the trust association demonstrates effective management of its resources and a commitment to its educational mission, as evidenced by its high program expense ratio. Overall, while there are governance issues to address, the organization maintains a good standing in terms of financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Faribault Area Public Schools Educational Trust Association legitimate?
Faribault Area Public Schools Educational Trust Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faribault Area Public Schools Educational Trust Association 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
For more financial information, click here
Official website here: www.fapseta.org
What is the mission statement of Faribault Area Public Schools Educational Trust Association?
The Faribault Area Public Schools Educational Trust Association, in collaboration with a local High School, carries out a mission to offer scholarships to deserving Senior students. This is accomplished by utilizing the academic and civic standards set by the "Dollar for Scholar" National Program. The association's goal is to financially support those students who demonstrate a strong commitment to their studies and active participation in their community. The scholarships aim to assist these students in furthering their education beyond high school.
Official website here: www.fapseta.org
What is the revenue of Faribault Area Public Schools Educational Trust Association?
Faribault Area Public Schools Educational Trust Association's revenue in 2023 was $139,620.
Official website here: www.fapseta.org
Who are the executives of Faribault Area Public Schools Educational Trust Association and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fapseta.org
Where can I find the form 990 for Faribault Area Public Schools Educational Trust Association?
Faribault Area Public Schools Educational Trust Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fapseta.org
Learn more at the official website: www.fapseta.org
Mission Statement of Faribault Area Public Schools Educational Trust Association
Faribault Area Public Schools Educational Trust Association, in collaboration with the local high school, is committed to providing scholarships to deserving senior students. Utilizing the criteria from the "Dollar for Scholar" National Program, the association evaluates applicants based on their academic achievements and civic involvement. The mission of this nonprofit organization is to financially support qualified students, helping them to pursue higher education and contribute positively to their communities in the future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Faribault Area Public Schools Educational Trust Association significantly impacts the local community by providing scholarships to qualified high school seniors. By aligning with the "Dollar for Scholar" National Program, the association recognizes academic excellence and civic involvement, fostering a culture of achievement and engagement among students. This initiative not only alleviates the financial burden of higher education for recipients but also encourages them to pursue their academic and career goals. The scholarships enhance educational opportunities in Faribault, ultimately contributing to a more informed and engaged citizenry.
This information is meant to be a general summary of Faribault Area Public Schools Educational Trust Association. 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: $41,397
- Gross Receipts: $611,320
Assets and Liabilities:
- Total Assets: $1,324,939
- Total Liabilities: $0
- Net Assets: $1,324,939
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1986
Principal Officer
Robert Stepaniak
Website
www.fapseta.orgNTEE Category
Code: B82 - Education
If you are a representative of Faribault Area Public Schools Educational Trust Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.