Overview
What is Galena Education Foundation?
The Galena Education Foundation, situated at 1206 Franklin St, Galena, IL 61036, is a nonprofit organization dedicated to supporting students in furthering their education beyond high school. They accomplish this by granting monetary scholarships, having awarded 18 so far. The foundation's mission is to expand and enhance educational opportunities for the residents of a specific area within Jo Daviess County, which falls under Galena Unit District #120. To achieve this goal, they encourage donations in various forms, such as money, property, art, historical documents, and other valuable materials. Their services extend to serving students, faculty, and alumni of Galena Unit District #120, working to improve the educational landscape in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
The Galena Education Foundation received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization scored particularly well in program expense ratio, with 71.43% of its expenses directed towards programs, demonstrating a commitment to its mission. However, significant concerns arise from the lack of independent board members, as well as missing key documents like board meeting minutes and tax forms on its website.
While the foundation has a listed conflict of interest policy and a proper document retention policy, the absence of a whistleblower policy and the failure to provide public access to important documentation weaken its transparency and governance. Overall, these factors contribute to its lower rating, indicating that while some operational aspects are strong, there are critical areas in governance and accountability that need improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Galena Education Foundation legitimate?
Galena Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galena 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.
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What is the mission statement of Galena Education Foundation?
The Galena Education Foundation's mission is to facilitate the expansion and enhancement of educational opportunities for individuals within the Galena Unit District #120. This is achieved by encouraging donations of monetary funds, properties, works of art, historical documents, and other valuable items with educational, artistic, scientific, or historical significance. The foundation also explores other suitable methods to support students, faculty, and alumni of Galena Unit District #120.
Who is the CEO of Galena Education Foundation?
Keith Kropp is the President of Galena Education Foundation.
What is the revenue of Galena Education Foundation?
Galena Education Foundation's revenue in 2022 was $58,418.
Who are the executives of Galena Education Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Galena Education Foundation?
Galena Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Galena Education Foundation
The Galena Education Foundation, a nonprofit organization, is committed to enhancing educational opportunities within Galena Unit District #120 for its citizens. The foundation aims to achieve this mission by encouraging the contribution of various resources, such as financial donations, property, artworks, historical documents, and other valuable items with an educational, artistic, scientific, or historical nature. By utilizing these resources effectively, the Galena Education Foundation supports students, faculty, and alumni of Galena Unit District #120, employing various appropriate methods as necessary to foster educational growth. The organization's primary objective is to enrich the educational landscape of its community by promoting gift-giving and utilizing these resources in meaningful ways.
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Impact
August, 2024
Galena Education Foundation's impact is significant in supporting students from Galena Unit District #120 in continuing their education beyond high school. Through the awarding of 18 scholarships, the foundation helps students access educational opportunities that may have otherwise been out of reach. By encouraging donations of money, property, and other resources, the foundation contributes to the academic and personal growth of students, faculty, and alumni of Galena Unit District #120. This support not only empowers individuals to pursue their educational goals but also enriches the entire community by investing in its future generations.
This information is meant to be a general summary of Galena 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: $56,418
- Gross Receipts: $149,964
Assets and Liabilities:
- Total Assets: $1,004,229
- Total Liabilities: $0
- Net Assets: $1,004,229
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Organization Details
Founding Year
1994
Phone
(815) 777-3086Principal Officer
Keith Kropp
Main Address
1206 FRANKLIN ST, GALENA, IL, 61036
NTEE Category
Code: Z99 - Unknown
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