Overview
What is E G Cornwell Educational Trust?
The E G Cornwell Educational Trust is a philanthropic organization situated in the area. Its primary mission is to provide financial aid to local school children, aiming to empower them in their educational journey. By offering education grants, the trust assists students who face financial constraints, allowing them to pursue their academic aspirations with ease. The trust's programs focus on extending monetary assistance to those in need, thereby fostering a supportive environment for educational growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The E G Cornwell Educational Trust has achieved a solid Three-Star rating from Charity Navigator, indicating a good overall performance in accountability and financial health. With a score of 80%, the organization demonstrates strong management practices and transparency. Notably, the trust has a 100% independent board, showcasing its commitment to governance and oversight.
Financially, the trust exhibits robust metrics, including a program expense ratio of 93.28%, which indicates that a significant majority of its funds are allocated toward its educational programs. Additionally, it has a perfect score in several categories, including material diversion of assets and liabilities to assets ratio, suggesting a stable financial position and responsible asset management.
While the organization shows commendable strengths in governance and program efficiency, the moderate overall rating suggests there may be areas for improvement in enhancing its impact or transparency further. However, the current data reflects a trustworthy initiative focused on educational support.
This AI summary has been generated from information found on Charity Navigator.
Is E G Cornwell Educational Trust legitimate?
E G Cornwell Educational Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. E G Cornwell Educational Trust 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
What is the mission statement of E G Cornwell Educational Trust?
The E G Cornwell Educational Trust's mission is centered around providing educational support. It offers grants to school children in the area, aiming to help students in financial need achieve their academic goals and aspirations. By providing monetary assistance, the trust enables these students to continue their education and pursue their future plans. The trust's activities are geared towards fostering educational opportunities, thereby contributing to the personal growth and success of the beneficiary students.
Who is the CEO of E G Cornwell Educational Trust?
James Frazier is the Trustee of E G Cornwell Educational Trust.
What is the revenue of E G Cornwell Educational Trust?
E G Cornwell Educational Trust's revenue in 2023 was $107,195.
Who are the executives of E G Cornwell Educational Trust and what are their salaries?
There 3 volunteers at E G Cornwell Educational Trust.
Here are 4 key members and their salaries:
- Compensation: $500
- Related: $0
- Other: $0
- 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 E G Cornwell Educational Trust?
E G Cornwell Educational Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of E G Cornwell Educational Trust
The E.G. Cornwell Educational Trust is committed to providing education grants for area schoolchildren. This nonprofit organization's mission is to offer financial aid to students in need, thereby empowering them to pursue their academic goals and aspirations. By providing these grants, the E.G. Cornwell Educational Trust aims to make education more accessible and within reach for those who might otherwise be unable to afford it. The trust's programs are designed to support the educational journey of these students, helping them to overcome financial barriers and achieve their full academic potential.
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Impact
October, 2024
The E G Cornwell Educational Trust significantly impacts the educational landscape for students in Jerseyville, IL, by providing essential grants that help to further their education. By offering monetary assistance, the trust enables students in need to pursue their academic goals and aspirations, alleviating financial barriers that might otherwise hinder their progress. This support fosters a more equitable educational environment, allowing deserving students to access opportunities that contribute to their personal and academic growth. Through its initiatives, the trust plays a crucial role in enhancing educational outcomes and empowering the next generation of learners in the community.
This information is meant to be a general summary of E G Cornwell Educational Trust. 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: $77,970
- Gross Receipts: $217,357
Assets and Liabilities:
- Total Assets: $820,671
- Total Liabilities: $0
- Net Assets: $820,671
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Organization Details
Founding Year
1950
Phone
(618) 498-5541Principal Officer
James Frazier
Main Address
PO Box 409, Jerseyville, IL, 62052
NTEE Category
Code: B82 - Education
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