Overview
What is Mitchell County Education Foundation Inc?
The Mitchell County Education Foundation Inc, located in Spruce Pine, North Carolina, is a dedicated scholarship and financial aid organization. Their primary mission is to offer educational opportunities to the local youth, aiming to support and empower the younger generation in the community. The foundation provides various scholarship programs, thereby broadening the horizons of aspiring students and enabling them to pursue their academic goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Mitchell County Education Foundation Inc has earned a Two-Star rating from Charity Navigator, reflecting an overall score of 73%. This rating is derived solely from its Accountability & Finance score, which demonstrates a strong commitment to financial responsibility and transparency. The foundation's score in this category indicates effective management and oversight, which is essential for maintaining donor trust.
One notable strength of the organization is its board composition, consisting entirely of independent members, which enhances its governance practices. The foundation has a perfect score in several categories, including a 100% program expense ratio, indicating that all expenses are directed towards its educational mission. Additionally, there are no liabilities, showcasing a solid financial position.
However, the overall rating remains limited due to a lack of performance metrics beyond accountability. While the foundation excels in financial management, potential donors may seek more comprehensive insights into its program outcomes and impact on the community. Therefore, while the organization demonstrates strong governance, additional information on program effectiveness could enhance its overall evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Mitchell County Education Foundation Inc legitimate?
Mitchell County Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mitchell County Education Foundation Inc 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mitchell County Education Foundation Inc?
The Mitchell County Education Foundation Inc, as a scholarly organization, is committed to providing scholarship and educational opportunities for the local youth. Their mission is geared towards empowering young individuals in their academic pursuits, aiming to broaden their horizons and enhance their learning experiences. By offering financial aid and educational opportunities, this foundation contributes to the development and success of the local youth.
Who is the CEO of Mitchell County Education Foundation Inc?
Zack Snyder is the Treasurer of Mitchell County Education Foundation Inc.
What is the revenue of Mitchell County Education Foundation Inc?
Mitchell County Education Foundation Inc's revenue in 2022 was $7,263.
Who are the executives of Mitchell County Education Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mitchell County Education Foundation Inc?
Mitchell County Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mitchell County Education Foundation Inc
Mitchell County Education Foundation, a scholarship and financial aid organization, is committed to providing educational opportunities for local youth. Their mission, in its essence, is to empower young individuals in the community by offering them financial aid and scholarship prospects. This nonprofit organization strives to foster an environment where education is accessible and within reach for all, ensuring a brighter future for the upcoming generation.
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Impact
August, 2024
Mitchell County Education Foundation Inc's impact is centered around providing scholarship and education opportunities for the local youth in Spruce Pine, NC. Through their mission to support students with financial aid, they are helping to unlock doors to higher education and create brighter futures for the younger generation in their community. By offering these opportunities, the foundation plays a crucial role in ensuring that students have the resources they need to pursue their educational goals and achieve success.
This information is meant to be a general summary of Mitchell County Education Foundation Inc. 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: $39
- Gross Receipts: $7,263
Assets and Liabilities:
- Total Assets: $654,224
- Total Liabilities: $0
- Net Assets: $654,224
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Organization Details
Founding Year
2017
Principal Officer
Zack Snyder
Main Address
72 LEDGER SCHOOL RD, SPRUCE PINE, NC, 28777
NTEE Category
Code: B82 - Education
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