Overview
What is Tremont Education Foundation?
Tremont Education Foundation is a nonprofit organization based in Tremont, Illinois, specifically at 400 WEST PEARL. Its primary mission is to support educational programs that further enrich and enhance the learning experiences of students within Tremont School District 702. The foundation achieved this by approving grants worth $31,779 to bolster projects at local schools, as well as providing 12 scholarships totalling $12,000 to both current and former students of the district. This committed nonprofit is dedicated to fostering innovation and complementing educational opportunities for the youth in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, the Tremont Education Foundation has received a Two-Star out of Four Star rating, indicating a score of 73%. This rating highlights certain strengths in the organization, particularly its governance structure, which includes a fully independent board with 10 out of 10 points for majority independent board members and board size. The foundation also boasts an impressive program expense ratio of 97.72%, suggesting that a significant portion of its funds is directed towards its educational programs.
Despite these strengths, there are notable areas for improvement. The foundation has received zero points in several critical categories, including the absence of a conflict of interest policy, whistleblower policy, and document retention policy. Additionally, the organization's website is not listed on its tax form, and financial documents are not readily available on the nonprofit's website. These deficiencies contribute to the overall "Needs Improvement" rating and signify the need for enhanced transparency and accountability measures.
In summary, while the Tremont Education Foundation demonstrates strong financial commitment to its programs and effective board governance, its lack of essential policies and online presence reveals significant gaps that could undermine trust and effectiveness. Addressing these issues could help the foundation improve its rating and better serve its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Tremont Education Foundation legitimate?
Tremont Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tremont 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 Tremont Education Foundation?
The Tremont Education Foundation's mission is centered around supporting educational programs that aim to innovate, complement, enrich, or enhance the learning experiences of students within the Tremont School District. Their primary objective is to enhance educational opportunities for these students. In pursuit of this mission, the foundation approves grants to fund projects at the Tremont schools and offers scholarships to current and former students of the district. The grants and scholarships aim to provide additional resources and financial assistance to further enrich the educational experiences of these students.
Who is the CEO of Tremont Education Foundation?
Cody Beer is the President of Tremont Education Foundation.
What is the revenue of Tremont Education Foundation?
Tremont Education Foundation's revenue in 2022 was -$58,049.
Who are the executives of Tremont Education Foundation and what are their salaries?
There 12 volunteers at Tremont Education Foundation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Tremont Education Foundation?
Tremont Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tremont Education Foundation
The Tremont Education Foundation is committed to supporting educational programs that are innovative, enriching, or complementary to the educational opportunities available for students within the Tremont School District 700. Their mission is to enhance the learning experiences of these students, providing them with additional resources and chances to grow academically. Through their efforts, the foundation has approved grants totaling $31,779 to fund various projects in the Tremont schools. Furthermore, the organization has awarded 12 scholarships, amounting to $12,000, to current and former students of Tremont School District 700, providing them with financial assistance for their continued education.
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Impact
October, 2024
Tremont Education Foundation positively impacts educational experiences for students in Tremont School District 702 by funding innovative programs and enhancing existing opportunities. Recently, the Foundation approved grants totaling $31,779 to support various projects within local schools, fostering creativity and engagement in learning. Additionally, it awarded 12 scholarships, amounting to $12,000, to current and former students, recognizing and nurturing their potential for future success. Through these efforts, the Foundation plays a crucial role in enriching the educational landscape, ultimately benefiting the community as a whole.
This information is meant to be a general summary of Tremont 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: -$80,365
- Gross Receipts: $645,178
Assets and Liabilities:
- Total Assets: $654,105
- Total Liabilities: $0
- Net Assets: $654,105
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Organization Details
Founding Year
1992
Principal Officer
Cody Beer
Main Address
400 WEST PEARL, TREMONT, IL, 61568
NTEE Category
Code: B82 - Education
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