Overview
What is Inland Lakes Educational Foundation?
The Inland Lakes Educational Foundation is a nonprofit organization that primarily focuses on providing financial aid in the form of scholarships for graduates hailing from the Inland Lakes School District. Through various programs, they offer scholarship funding to help deserving students pursue their educational endeavors. The foundation plays a significant role in supporting the community's educational growth and development by investing in its future leaders.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Inland Lakes Educational Foundation has earned an 82% score from Charity Navigator, resulting in a Three-Star rating, which reflects a strong performance in accountability and finance. The rating is based solely on the organization's compliance with financial management standards, indicating a high level of responsibility in its financial practices.
The foundation boasts a fully independent board, with all 14 members meeting this criterion, and it has demonstrated excellent practices in financial reporting, achieving full marks for its financial statements review. Additionally, there are no reported diversions of assets, and the organization maintains an exemplary liabilities to assets ratio, indicating solid financial health.
However, while the organization scores well on accountability metrics, potential donors may want to look into its programmatic impact and effectiveness, as these factors are not reflected in the current rating. Overall, the Inland Lakes Educational Foundation shows a strong commitment to financial integrity and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Inland Lakes Educational Foundation legitimate?
Inland Lakes Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inland Lakes Educational 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 Inland Lakes Educational Foundation?
The Inland Lakes Educational Foundation's primary goal is to offer financial aid in the form of scholarships to students who have completed their education within the Inland Lakes School District. This is achieved through various programs, as evident from the attached documentation. The foundation's mission is centered around supporting the academic pursuits of its district's graduates, thereby contributing to their future educational endeavors.
Who is the CEO of Inland Lakes Educational Foundation?
Richard Devore is the President of Inland Lakes Educational Foundation.
What is the revenue of Inland Lakes Educational Foundation?
Inland Lakes Educational Foundation's revenue in 2022 was $970,565.
Who are the executives of Inland Lakes Educational Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Inland Lakes Educational Foundation?
Inland Lakes Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Inland Lakes Educational Foundation
The Inland Lakes Educational Foundation is dedicated to providing financial aid in the form of scholarships to graduates hailing from the Inland Lakes School District. This nonprofit organization's mission is centered around empowering young individuals by alleviating some of the financial burden associated with furthering their education. Through various programs, the Inland Lakes Educational Foundation seeks to make higher education more accessible to deserving students by offering scholarships.
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Impact
July, 2024
The Inland Lakes Educational Foundation has a significant impact on the community by providing funding for scholarships to graduates of the Inland Lakes School District. Through its various programs, the foundation helps support students in pursuing their educational goals and aspirations. This support plays a crucial role in helping these students achieve their academic dreams and build a brighter future for themselves.
This information is meant to be a general summary of Inland Lakes Educational 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: $216,201
- Gross Receipts: $2,195,823
Assets and Liabilities:
- Total Assets: $3,244,586
- Total Liabilities: $4,052
- Net Assets: $3,240,534
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Organization Details
Phone
(231) 238-9377Principal Officer
Richard Devore
Main Address
PO BOX 2142, INDIAN RIVER, MI, 49749
NTEE Category
Code: B82 - Education
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