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Foundation For Mascoutah Schools

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 383677308 ✦ Mascoutah, IL ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Mascoutah Schools?

The Foundation For Mascoutah Schools is a nonprofit organization situated in Mascoutah, Illinois, specifically at 414 N Jackson St. Their primary mission is to establish and maintain endowments for scholarships. These scholarships are funded through investment income, specifically intended for graduates of Mascoutah High School. The Foundation's activities revolve around this mission, providing financial support for higher education for deserving individuals from the local community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

The Foundation For Mascoutah Schools has received a 73% score on Charity Navigator, which translates to a Two-Star rating. The organization demonstrates strong governance practices, as evidenced by having a majority of independent board members and a well-sized independent board, both scoring full points. Additionally, it maintains a solid program expense ratio and effectively manages its liabilities relative to its assets.

However, the organization has notable weaknesses in its accountability and transparency measures. It lacks essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which did not receive any points. Furthermore, the absence of posted tax forms on the nonprofit's website raises concerns about its openness to the public regarding financial practices. Overall, while the foundation shows potential in governance, it needs to improve its accountability practices.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation For Mascoutah Schools legitimate?

Foundation For Mascoutah Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Mascoutah Schools 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Foundation For Mascoutah Schools?

The Foundation For Mascoutah Schools' mission is centered around establishing and maintaining endowments for scholarships. These scholarships are funded through investment income, specifically for graduates of Mascoutah High School. The organization's primary goal is to provide financial assistance to deserving students, thereby enabling them to pursue their higher education. The foundation's activities are geared towards supporting the educational aspirations of its community's youth.

Who is the CEO of Foundation For Mascoutah Schools?

John Harris is the Secretary of Foundation For Mascoutah Schools.

What is the revenue of Foundation For Mascoutah Schools?

Foundation For Mascoutah Schools's revenue in 2023 was $67,349.

Who are the executives of Foundation For Mascoutah Schools and what are their salaries?


Here are 7 key members and their salaries:


Scott Fournie (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Grodeon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Harris (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Hund (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Reinneck (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Siegel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Zerkle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Foundation For Mascoutah Schools?

Foundation For Mascoutah Schools's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Foundation For Mascoutah Schools

The Foundation for Mascoutah Schools, as its mission statement suggests, is dedicated to establishing and maintaining endowments for scholarships. This nonprofit organization has a primary focus on providing financial aid to graduates of Mascoutah High School. The scholarships are funded through investment income, making it possible for deserving students to continue their education beyond high school. The Foundation's mission is to help alleviate the financial burden of education, enabling young individuals to pursue their academic goals and contribute to society in their chosen fields. By establishing and maintaining endowments, the Foundation for Mascoutah Schools plays a significant role in supporting the future leaders of the community.

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Impact




August, 2024

Foundation For Mascoutah Schools has a significant impact on the community by providing support for graduates of Mascoutah High School through scholarships. By establishing and maintaining endowments for scholarships, the foundation ensures that students have financial assistance to further their education. This support not only benefits individual recipients but also contributes to the overall educational development and success of Mascoutah High School graduates. Through its focus on education, the foundation plays a crucial role in fostering academic achievement and expanding opportunities for students in Mascoutah, Illinois.




This information is meant to be a general summary of Foundation For Mascoutah Schools. 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.

Revenue
$67,349 (2023)
Expenses
$25,191 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $56,632
  • Gross Receipts: $74,418

Assets and Liabilities:

  • Total Assets: $1,490,607
  • Total Liabilities: $0
  • Net Assets: $1,490,607

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Organization Details

Founding Year

2003

Principal Officer

John Harris

Main Address

414 N JACKSON ST, MASCOUTAH, IL, 62258

NTEE Category

Code: B112 - Education

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