Overview
What is Kewanee School District 229 Foundation?
The Kewanee School District 229 Foundation is a dedicated nonprofit organization situated at 1001 N MAIN STREET, KEWANEE, IL 61443. Its primary mission is to enhance the educational and extracurricular experiences of the district's students. To achieve this, the foundation engages in fundraising activities and seeks leadership from its alumni and community. Through its efforts, it has provided substantial financial support, amounting to $88,741 in scholarships and awards, and $69,543 in grants, to Kewanee High School students and the district as a whole. This financial aid aims to bolster the academic and extracurricular opportunities available to the students, thereby contributing positively to their overall development.
Official website here: www.kewaneeschoolsfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. The Kewanee School District 229 Foundation has been assessed with a moderate overall rating, indicating some areas of strength but also notable weaknesses, particularly in governance and transparency.
The organization demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 88.75%, suggesting that most of its funds are directed toward programmatic efforts rather than administrative costs. Additionally, the foundation has no material diversion of assets and has established an audit and oversight committee, which are positive indicators of financial management.
However, the foundation faces significant challenges regarding its governance practices, with no independent board members and multiple missing policies, including conflict of interest and whistleblower policies. Furthermore, the absence of publicly posted board meeting minutes and the nonprofit's tax form on its website raises concerns about transparency and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kewanee School District 229 Foundation legitimate?
Kewanee School District 229 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kewanee School District 229 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:
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For more financial information, click here
Official website here: www.kewaneeschoolsfoundation.org/
What is the mission statement of Kewanee School District 229 Foundation?
The Kewanee School District 229 Foundation's mission is to enhance the educational and extracurricular experiences of district students by securing financial support and leadership from its alumni and community. This is accomplished by providing scholarships and awards, as well as grants, to students at Kewanee High School. The foundation aims to foster a robust learning environment for the district's students, thereby contributing to their overall development.
Official website here: www.kewaneeschoolsfoundation.org/
Who is the CEO of Kewanee School District 229 Foundation?
Craig Gustafson is the Trustee of Kewanee School District 229 Foundation.
Official website here: www.kewaneeschoolsfoundation.org/
What is the revenue of Kewanee School District 229 Foundation?
Kewanee School District 229 Foundation's revenue in 2023 was $987,841.
Official website here: www.kewaneeschoolsfoundation.org/
Who are the executives of Kewanee School District 229 Foundation and what are their salaries?
There 35 volunteers at Kewanee School District 229 Foundation.
Here are 20 key members and their salaries:
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Official website here: www.kewaneeschoolsfoundation.org/
Where can I find the form 990 for Kewanee School District 229 Foundation?
Kewanee School District 229 Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kewaneeschoolsfoundation.org/
Learn more at the official website: www.kewaneeschoolsfoundation.org/
Mission Statement of Kewanee School District 229 Foundation
The Kewanee School District 229 Foundation is dedicated to enhancing the educational and extracurricular experiences of its students. Through its mission, the organization strives to generate financial support and cultivate leadership within its alumni and community circles. This commitment is reflected in its actions, as it has disbursed scholarships and awards totalling $88,741, and grants worth $69,543, directly benefiting Kewanee High School students and the broader district. By serving as a conduit for financial aid and leadership development, the Kewanee School District 229 Foundation plays a crucial role in bolstering the academic and personal growth of its students.
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Impact
October, 2024
Kewanee School District 229 Foundation significantly enhances the educational and extra-curricular opportunities for students within the district. Through its dedicated efforts, the foundation has contributed $88,741 in scholarships and awards, along with $69,543 in grants specifically for Kewanee High School students and the district. This financial support empowers students to pursue their academic and extracurricular ambitions, fostering a more enriched educational experience. By engaging alumni and the community, the foundation not only generates essential funding but also strengthens the overall support system for students, ultimately contributing to their success and personal development in Kewanee, IL.
This information is meant to be a general summary of Kewanee School District 229 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 2023.
- Investment Income: $94,851
- Gross Receipts: $996,901
Assets and Liabilities:
- Total Assets: $4,977,369
- Total Liabilities: $0
- Net Assets: $4,977,369
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Organization Details
Founding Year
1990
Phone
(309) 856-8702Principal Officer
Craig Gustafson
Main Address
1001 N MAIN STREET, KEWANEE, IL, 61443
NTEE Category
Code: B90Z - Education
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