Overview
What is Dist 100 Fndtn For Excellence Invest?
Dist 100 Fndtn For Excellence Invest, located in Rockford, Illinois, is a charitable organization dedicated to supporting the educational community of Belvidere Community Unit School District 100. Their primary mission involves providing college scholarships to deserving students within the district and offering grants to educators within the same district. Through these initiatives, they aim to foster academic growth and development within their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating
The Dist 100 Foundation for Excellence in Investment has received a 74% rating from Charity Navigator, indicating a two-star designation. This rating reflects a moderate level of accountability and financial stability. The organization shows a strong program expense ratio of 85.49%, suggesting that a significant portion of its budget is directed toward its mission.
One notable strength of the foundation is its adherence to certain governance practices, such as having a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which scored highly. However, the foundation lacks independent board members, which negatively impacts its governance score. Additionally, the absence of crucial information on its website, such as the tax form and other transparency measures, raises concerns regarding its accountability.
Overall, while Dist 100 Foundation for Excellence in Investment demonstrates effective program spending and maintains important governance policies, its lack of independent oversight and missing information on its website suggest areas for improvement in transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Dist 100 Fndtn For Excellence Invest legitimate?
Dist 100 Fndtn For Excellence Invest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dist 100 Fndtn For Excellence Invest 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: $8,654
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dist 100 Fndtn For Excellence Invest?
The Dist 100 Fndtn For Excellence Invest, as a mission, focuses on providing college scholarships to students within the Belvidere CUSD 100 district. Additionally, the organization also extends grants to the district's educators. This foundation's objective is to support the educational growth and development of both students and educators within the district. Through its scholarship and grant programs, the Dist 100 Fndtn For Excellence Invest aims to contribute positively to the educational community. The organization's activities are centered around empowering the future leaders and educators of the district.
Who is the CEO of Dist 100 Fndtn For Excellence Invest?
Midland States Bank is the Agent-For-Trustee of Dist 100 Fndtn For Excellence Invest.
What is the revenue of Dist 100 Fndtn For Excellence Invest?
Dist 100 Fndtn For Excellence Invest's revenue in 2022 was $59,004.
Who are the executives of Dist 100 Fndtn For Excellence Invest and what are their salaries?
There 8 volunteers at Dist 100 Fndtn For Excellence Invest.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $8,654
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dist 100 Fndtn For Excellence Invest?
Dist 100 Fndtn For Excellence Invest's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dist 100 Fndtn For Excellence Invest
Dist 100 Foundation for Excellence Invest, a nonprofit organization, is committed to providing college scholarships for students within the Belvidere Community Unit School District 100. Additionally, the foundation extends its support to educators in the same district by offering grants. This mission is centered around empowering local students and educators, fostering opportunities for higher education and professional development, respectively. By offering these scholarships and grants, Dist 100 Foundation for Excellence Invest plays an essential role in nurturing the academic growth and success of its community.
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Impact
August, 2024
DIST 100 FndTN FOR EXCELLENCE INVEST makes a significant impact by providing college scholarships to Belvidere CUSD 100 students and grants to DIST 100 educators. This support helps students pursue higher education, enabling them to achieve their academic goals and potentially unlock opportunities that they might not have otherwise had. Additionally, by offering grants to educators, the organization invests in the professional development of teachers, enhancing the quality of education in the district. This dual focus on student and educator support contributes to the overall improvement of the educational landscape in Belvidere CUSD 100, benefiting the community as a whole.
This information is meant to be a general summary of Dist 100 Fndtn For Excellence Invest. 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: $41,707
- Gross Receipts: $643,911
Assets and Liabilities:
- Total Assets: $1,176,793
- Total Liabilities: $0
- Net Assets: $1,176,793
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Organization Details
Founding Year
2006
Phone
(815) 547-5200Principal Officer
Midland States Bank
Main Address
6838 E STATE STREET SUITE 2, ROCKFORD, IL, 61108
NTEE Category
Code: B24Z - Education
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