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Coin Op Cares Education & Charitable Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364262815 ✦ Crystal lake, IL ✦ Designated as a 501(c)(3)

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Overview

What is Coin Op Cares Education & Charitable Foundation?

Coin Op Cares Education & Charitable Foundation, located in Crystal Lake, Illinois, is a dedicated nonprofit organization. Its primary mission involves awarding scholarships to college students, thereby supporting their educational endeavors. Additionally, the foundation extends its reach beyond scholarships, providing educational assistance in various industries and contributing funds for disaster relief. Furthermore, Coin Op Cares also supports other charitable organizations by directly channeling funds to them.


Official website here: www.amoa.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star rating)

Coin Op Cares Education & Charitable Foundation has earned an 88% rating, reflecting solid performance in accountability and finance. This high score is based entirely on the organization's adherence to fiscal standards and good governance practices. The foundation's commitment to transparency is evident in its independent board structure and comprehensive policies regarding conflicts of interest and whistleblower protections.

The charity has successfully maintained a board composed entirely of independent members, demonstrating strong governance. It has also reported no material diversion of assets, which is a positive indicator of financial integrity. Additionally, its program expense ratio of 68.20% suggests that a significant portion of its resources is directed towards its mission-related activities, an important factor for donors and stakeholders.

While the overall performance is commendable, the reliance on a single beacon score means that other areas of organizational effectiveness may not be highlighted. Nevertheless, the foundation’s focus on accountability and high standards of governance positions it well within the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Coin Op Cares Education & Charitable Foundation legitimate?

Coin Op Cares Education & Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coin Op Cares Education & Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.amoa.com

What is the mission statement of Coin Op Cares Education & Charitable Foundation?

The Coin Op Cares Education & Charitable Foundation's primary mission is to provide educational support and scholarships to deserving college students. Furthermore, the foundation assists in industry research and directly funds disaster relief efforts. Additionally, it extends its charitable contributions to various organizations beyond disaster relief. In essence, the foundation's mission is to contribute to education, research, and disaster relief while supporting other charitable causes.


Official website here: www.amoa.com

Who is the CEO of Coin Op Cares Education & Charitable Foundation?

Lori Schneider is the Treasurer of Coin Op Cares Education & Charitable Foundation.


Official website here: www.amoa.com

What is the revenue of Coin Op Cares Education & Charitable Foundation?

Coin Op Cares Education & Charitable Foundation's revenue in 2022 was $46,851.


Official website here: www.amoa.com

Who are the executives of Coin Op Cares Education & Charitable Foundation and what are their salaries?

There 17 volunteers at Coin Op Cares Education & Charitable Foundation.


Here are 6 key members and their salaries:


Michael Martinez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Westgate (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Zahn (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luke Adams (First Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Burnham (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Schneider (Executive Vice President)
  • Compensation: $0
  • Related: $135,280
  • Other: $7,332


Official website here: www.amoa.com

Where can I find the form 990 for Coin Op Cares Education & Charitable Foundation?

Coin Op Cares Education & Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.amoa.com

Learn more at the official website: www.amoa.com

Mission Statement of Coin Op Cares Education & Charitable Foundation

Coin Op Cares Education & Charitable Foundation is dedicated to serving a multi-faceted mission. At its core, the foundation aims to provide educational support and scholarships to students pursuing higher education. Beyond this, it also assists in industry research and directs funds towards disaster relief and various charitable organizations. This organization's mission extends beyond financial aid, as it actively seeks to make a positive impact in various areas of need. When faced with calamities or emergencies, the foundation steps up to offer aid, demonstrating its commitment to altruism and social responsibility.

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Impact




August, 2024

Coin Op Cares Education & Charitable Foundation's impact can be seen in the educational opportunities it provides through scholarships to college students. By awarding these scholarships, the foundation is enabling individuals to further their educational pursuits and achieve their academic goals. Additionally, the foundation's support extends to industry research, directing funds for disaster relief, and assisting other charitable organizations. Through its activities, Coin Op Cares Education & Charitable Foundation is making a tangible difference in the lives of students and in the broader community.




This information is meant to be a general summary of Coin Op Cares Education & Charitable 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.

Revenue
$46,851 (2022)
Expenses
$106,261 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$42,245
  • Gross Receipts: $390,204

Assets and Liabilities:

  • Total Assets: $1,008,697
  • Total Liabilities: $34,533
  • Net Assets: $974,164

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Organization Details

Founding Year

1985

Principal Officer

Lori Schneider

Main Address

380 TERRA COTTA ROAD F, CRYSTAL LAKE, IL, 60012

NTEE Category

Code: B82 - Education

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