Overview
What is Rock Island-Milan Education Foundation?
The Rock Island-Milan Education Foundation is a nonprofit organization situated in Rock Island, Illinois. With a single employee, their primary mission is to raise funds from the public community. These funds are then utilized to support the graduating students of the Rock Island-Milan School District through scholarships and provide assistance to the district's teachers through teacher assistance grants. The foundation's objective is to contribute positively to the educational journey of the district, ultimately benefiting both the students and educators.
Official website here: www.rockislandeducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Rock Island-Milan Education Foundation has received a Three-Star rating, indicating an overall score of 76%. This score is based entirely on its Accountability & Finance metrics for the most recent fiscal year, FY2022. The foundation demonstrates strong governance, with a fully independent board comprising 100% independent members, contributing to its high scores in board accountability and transparency.
Strengths include a robust program expense ratio of 88.06%, reflecting a commitment to directing funds towards its educational initiatives. Additionally, the foundation has shown no material diversion of assets, indicating sound financial management. However, it lacks certain policies, such as a conflict of interest and whistleblower policy, which are missing and have impacted its overall score in the accountability metrics.
Overall, while the foundation excels in financial management and governance, the absence of critical policies suggests areas for improvement. Addressing these limitations could enhance its accountability and potentially improve its rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Rock Island-Milan Education Foundation legitimate?
Rock Island-Milan Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock Island-Milan Education Foundation 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: $57,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rockislandeducationfoundation.org
What is the mission statement of Rock Island-Milan Education Foundation?
The Rock Island-Milan Education Foundation's mission is centered around soliciting funds from the general public. This financial support is primarily utilized for two purposes: providing scholarships to graduating students within the Rock Island-Milan School District, and offering teacher assistance grants to educators within the same district. The foundation's objective is to empower students with financial aid for their future education and help teachers enhance their teaching methods by providing them with necessary resources.
Official website here: www.rockislandeducationfoundation.org
Who is the CEO of Rock Island-Milan Education Foundation?
Pryce T Boeye is the President of Rock Island-Milan Education Foundation.
Official website here: www.rockislandeducationfoundation.org
What is the revenue of Rock Island-Milan Education Foundation?
Rock Island-Milan Education Foundation's revenue in 2022 was $175,859.
Official website here: www.rockislandeducationfoundation.org
Who are the executives of Rock Island-Milan Education Foundation and what are their salaries?
The average compensation at Rock Island-Milan Education Foundation during 2022 was $57,000. There is 1 employee and 13 volunteers at Rock Island-Milan Education Foundation.
Here are 13 key members and their salaries:
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Official website here: www.rockislandeducationfoundation.org
Where can I find the form 990 for Rock Island-Milan Education Foundation?
Rock Island-Milan Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rockislandeducationfoundation.org
Learn more at the official website: www.rockislandeducationfoundation.org
Mission Statement of Rock Island-Milan Education Foundation
The Rock Island-Milan Education Foundation is a nonprofit organization that strives to garner financial support from the broader public. Its primary mission is twofold: firstly, to offer scholarships to graduating students within the Rock Island-Milan School District, thereby aiding them in their educational pursuits. Secondly, the foundation provides teacher assistance grants to educators working within the same district. By offering these grants, the foundation aims to enhance the teaching experience and professional development of its educators, ultimately benefiting the students they serve. In essence, the Rock Island-Milan Education Foundation seeks to empower both future leaders and the dedicated teachers who shape their educational journey.
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Impact
October, 2024
The Rock Island-Milan Education Foundation plays a vital role in enhancing educational opportunities for students and teachers within the Rock Island-Milan School District. By soliciting funds from the general public, the foundation provides scholarships to graduating students, helping to ease the financial burden of higher education and enabling them to pursue their academic goals.
Furthermore, the foundation supports teachers through teacher assistance grants, which facilitate the purchase of classroom materials and innovative teaching resources. This dual focus on student scholarships and teacher support fosters a more enriching educational environment, empowering both educators and students to strive for excellence. The foundation's efforts contribute significantly to the success of the school district, ultimately impacting the community by investing in its future leaders and educators.
This information is meant to be a general summary of Rock Island-Milan Education Foundation. 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: -$606,335
- Gross Receipts: $175,859
Assets and Liabilities:
- Total Assets: $3,689,076
- Total Liabilities: $0
- Net Assets: $3,689,076
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Organization Details
Founding Year
1986
Phone
(309) 793-5900Principal Officer
Pryce T Boeye
Main Address
1400 25th Avenue, ROCK ISLAND, IL, 61201
NTEE Category
Code: B82 - Education
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