Overview
What is East Grand Rapids Schools Foundation?
The East Grand Rapids Schools Foundation is a nonprofit organization based in East Grand Rapids, Michigan. With a small team of five dedicated individuals, their primary mission is to enrich the educational experience of students in the East Grand Rapids Public Schools system. They achieve this by providing financial support for educational enhancements, programs, and co-curricular activities that exceed the school system's budget. This includes offering scholarships for post-secondary opportunities for graduates of East Grand Rapids High School. The foundation's purpose is to promote academic excellence by funding exceptional programs that may not be typically funded by the school system. By doing so, they contribute to enhancing teaching and learning, thereby improving the overall quality of academic life in the East Grand Rapids Schools system.
Official website here: www.egrsf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The East Grand Rapids Schools Foundation has achieved a Four-Star rating from Charity Navigator, indicating a strong overall performance in accountability and finance. This high rating reflects a 92% score primarily derived from excellent management practices, including an entirely independent board, robust financial oversight, and effective accountability measures.
Strengths of the organization include a full compliance with governance standards, such as a conflict of interest policy and transparent financial statements. The foundation's program expense ratio of 74.70% demonstrates a commitment to directing funds towards its educational initiatives rather than overhead, which is a crucial metric for assessing nonprofit effectiveness.
However, the organization does have a notable limitation: it lacks a whistleblower policy. This absence may raise concerns regarding transparency and reporting mechanisms within the foundation. Despite this, the overall financial health and governance of the East Grand Rapids Schools Foundation position it as a reliable entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is East Grand Rapids Schools Foundation legitimate?
East Grand Rapids Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Grand Rapids Schools 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: $127,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $249,361
For more financial information, click here
Official website here: www.egrsf.org
What is the mission statement of East Grand Rapids Schools Foundation?
The East Grand Rapids Schools Foundation's purpose is to enhance the academic quality of life for students by funding exceptional programs that are not typically covered by the East Grand Rapids Schools system. To achieve this, the foundation encourages excellence in teaching at all educational levels. The foundation provides financial support for educational enhancements, programs, and co-curricular enhancements within the East Grand Rapids Public Schools. Furthermore, the foundation offers scholarships for post-secondary opportunities for graduates of East Grand Rapids High School, aiming to extend educational opportunities beyond the school system.
Official website here: www.egrsf.org
What is the revenue of East Grand Rapids Schools Foundation?
East Grand Rapids Schools Foundation's revenue in 2024 was $1,715,905.
Official website here: www.egrsf.org
Who are the executives of East Grand Rapids Schools Foundation and what are their salaries?
The average compensation at East Grand Rapids Schools Foundation during 2024 was $75,397. There are 5 employees and 75 volunteers at East Grand Rapids Schools Foundation.
Here are 25 key members and their salaries:
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Official website here: www.egrsf.org
Where can I find the form 990 for East Grand Rapids Schools Foundation?
East Grand Rapids Schools Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.egrsf.org
Learn more at the official website: www.egrsf.org
Mission Statement of East Grand Rapids Schools Foundation
The East Grand Rapids Schools Foundation's mission is centered around enhancing the educational experience of students by providing financial support for initiatives that surpass the capabilities of the East Grand Rapids Public Schools system. This nonprofit organization strives to promote academic excellence by funding exceptional programs that may not be otherwise underwritten by the school system. The East Grand Rapids Schools Foundation encourages educational growth at all levels, fostering a nurturing environment for teachers and students alike. The foundation's primary objective is to provide financial backing for educational enhancements, programs, and co-curricular improvements within the East Grand Rapids Public Schools. In addition, the East Grand Rapids Schools Foundation offers scholarships to graduates of East Grand Rapids High School for post-secondary opportunities, furthering their educational journeys.
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Impact
July, 2024
The East Grand Rapids Schools Foundation enriches the educational experience of students by funding excellence in teaching and learning that requires financial support beyond that of the East Grand Rapids Public Schools. Through grants to the East Grand Rapids Public Schools, the foundation provides financial support for educational enhancements, programs, and co-curricular opportunities. Additionally, the foundation offers scholarships for post-secondary opportunities to graduates of East Grand Rapids High School. By promoting the quality of academic life and encouraging excellence in teaching at all levels, the foundation plays a crucial role in enhancing the educational experience for students in East Grand Rapids.
This information is meant to be a general summary of East Grand Rapids Schools 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 2024.
- Investment Income: $1,233,975
- Gross Receipts: $1,841,848
Assets and Liabilities:
- Total Assets: $13,351,645
- Total Liabilities: $733,511
- Net Assets: $12,618,134
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Organization Details
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