Overview
What is Wabash Valley College Foundation?
The Wabash Valley College Foundation is a dedicated nonprofit organization, situated in the context of District 529's Individualized Education Contribution (IEC) program. Their primary mission revolves around offering support to various educational programs, including athletics, as well as other initiatives. Moreover, this foundation is committed to awarding scholarships to eligible students, thereby contributing to their academic pursuits. By providing financial aid and backing various educational activities, the Wabash Valley College Foundation seeks to foster learning opportunities and broaden the horizons of deserving students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
The Wabash Valley College Foundation has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 70%. This rating signifies a solid level of accountability and financial health, as evidenced by a perfect score of 100% in the Accountability & Finance category. The foundation has an independent board with full compliance on key governance metrics, including a conflict of interest policy and thorough oversight of financial statements.
Strengths of the organization include its strong governance structure, with all board members being independent and a low liabilities to assets ratio of 0.19%. The foundation also demonstrates transparency through the documentation of board meeting minutes and an absence of material diversion of assets, which contributes positively to its financial oversight. However, the program expense ratio stands at 57.07%, indicating that a significant portion of expenses may not be directed towards programmatic activities, which is a critical area for improvement.
Overall, while the Wabash Valley College Foundation exhibits strong governance and financial oversight, it faces challenges related to the allocation of its resources toward impactful programs. Enhancing the program expense ratio could improve its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wabash Valley College Foundation legitimate?
Wabash Valley College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wabash Valley College 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 Wabash Valley College Foundation?
The Wabash Valley College Foundation is committed to supporting educational programs, taking an active role in funding initiatives such as athletics and other programs under the IEC District 529. Furthermore, the foundation extends its support to deserving students by providing scholarships. In essence, its mission is geared towards fostering educational growth and opportunities for individuals.
Who is the CEO of Wabash Valley College Foundation?
Brooke Slater is the Director of Wabash Valley College Foundation.
What is the revenue of Wabash Valley College Foundation?
Wabash Valley College Foundation's revenue in 2023 was $553,563.
Who are the executives of Wabash Valley College Foundation and what are their salaries?
Here are 25 key members and their salaries:
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Where can I find the form 990 for Wabash Valley College Foundation?
Wabash Valley College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wabash Valley College Foundation
The Wabash Valley College Foundation is an organization that is dedicated to supporting various educational programs. Its primary mission involves providing backing for initiatives such as athletics and other programs within the IEC District 529. In addition to this, the foundation extends its support by offering scholarships to eligible students who demonstrate the potential to excel in their academic pursuits. By doing so, the Wabash Valley College Foundation plays a significant role in fostering educational opportunities and empowering talented individuals to further their education.
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Impact
July, 2024
The impact of the Wabash Valley College Foundation is significant in the realm of education. Through their support of educational programs, including athletics and various initiatives of iec dist 529, the foundation plays a crucial role in enhancing the overall educational experience for students. Additionally, by providing scholarships to qualifying students, they are directly contributing to the advancement of individuals who may not have otherwise had access to such opportunities. Overall, the foundation's efforts are instrumental in fostering academic growth and success within the community.
This information is meant to be a general summary of Wabash Valley College 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: $506,075
- Gross Receipts: $630,802
Assets and Liabilities:
- Total Assets: $5,729,563
- Total Liabilities: $11,369
- Net Assets: $5,718,194
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Organization Details
Founding Year
1963
Phone
(618) 263-5542Principal Officer
Brooke Slater
Main Address
PO BOX 11, MOUNT CARMEL, IL, 62863
NTEE Category
Code: B42 - Education
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