Overview
What is Virginia Education Foundation?
The Virginia Education Foundation, situated in Madison, Virginia, is a nonprofit organization with a commendable mission. Established at 1564 West Hoover Road, this foundation primarily focuses on enhancing literacy and promoting school success among low-income children and youth, as well as students with disabilities, within Virginia's public school systems. To achieve this goal, the foundation provides grants to eligible Title I schools and organizations across Virginia, thereby contributing to their educational needs and efforts. These grants aim to foster grade-level reading competence, ultimately benefiting countless individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
The Virginia Education Foundation has received a Two-Star rating from Charity Navigator, indicating moderate performance in the nonprofit sector. While the foundation excels in certain areas, such as having a high Program Expense Ratio of 99.62% and excellent feedback collection and usage scores, its overall score reflects some challenges in accountability and finance, which is rated at 67. This suggests room for improvement in financial transparency and operational practices.
One of the organization's strengths is its commitment to maintaining low liabilities and no material diversion of assets, which contributes positively to its financial health. Additionally, the foundation demonstrates strong community engagement and culture, with a notable score of 86 in this area. The foundation’s loan practices and the distribution of tax forms show good governance practices, indicating that it operates ethically and transparently.
However, despite these strengths, the accountability and finance score indicates that there may be concerns regarding overall financial management and reporting. Enhancing these aspects could improve the foundation’s rating and ensure even greater trust and reliability from its constituents. Overall, while the Virginia Education Foundation displays commendable practices, addressing financial accountability could significantly elevate its effectiveness and reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Education Foundation legitimate?
Virginia Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Virginia Education Foundation?
The Virginia Education Foundation, in its mission, focuses on promoting literacy and ensuring grade-level reading among children and youth from low-income families and those with disabilities. This is achieved by providing grants to Title I public schools and organizations in Virginia. The foundation's goal is to enhance school success by supporting initiatives that cater to the educational needs of these vulnerable groups. Their efforts have led to the provision of new books to numerous public school systems, thereby contributing to the literacy development of numerous children.
Who is the CEO of Virginia Education Foundation?
George Beker is the President of Virginia Education Foundation.
What is the revenue of Virginia Education Foundation?
Virginia Education Foundation's revenue in 2023 was $2,544,060.
Who are the executives of Virginia Education Foundation and what are their salaries?
There 3 volunteers at Virginia Education Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Virginia Education Foundation?
Virginia Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Virginia Education Foundation
The Virginia Education Foundation, a nonprofit organization, is dedicated to promoting literacy, fostering grade-level reading, and ensuring school success. It accomplishes this mission by providing grants to Title I public schools and organizations within Virginia that cater to the educational needs of low-income children, youth, and students with disabilities. By offering these financial resources, the Virginia Education Foundation plays a crucial role in enhancing the learning environment and opportunities for these vulnerable student populations. As a result, the foundation contributes to the betterment of Virginia's education system by equipping schools and organizations with the necessary resources to support the academic growth and success of their students.
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Impact
October, 2024
The Virginia Education Foundation has significantly impacted literacy and educational success for low-income children, youth, and students with disabilities throughout Virginia. By providing grants to Title I public schools and organizations, the foundation facilitates access to essential resources, including new books, which directly contribute to enhancing reading skills and overall academic achievement. This initiative not only promotes grade-level reading but also fosters a supportive environment for school success, ultimately empowering thousands of students to overcome barriers and reach their full potential. Through these efforts, the foundation plays a critical role in shaping brighter futures for the communities it serves.
This information is meant to be a general summary of Virginia 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 2023.
- Investment Income: $17,126
- Gross Receipts: $2,544,060
Assets and Liabilities:
- Total Assets: $2,007,859
- Total Liabilities: $500,000
- Net Assets: $1,507,859
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Organization Details
Founding Year
2018
Phone
(540) 923-4065Principal Officer
George Beker
Main Address
1564 West Hoover Road, Madison, VA, 22727
NTEE Category
Code: B12 - Education
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