Overview
What is Menomonee Falls Scholarship And Educational?
Menomonee Falls Scholarship and Educational, operating under the name Foundation Inc., is a nonprofit organization situated in Menomonee Falls, Wisconsin. Its primary mission is to offer and maintain scholarship funds for students pursuing higher education or career/technical education. Additionally, the organization aims to enhance, supplement, and promote extended educational opportunities. By providing financial aid and fostering educational growth, Menomonee Falls Scholarship and Educational aims to empower and support students in their academic journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating
The Menomonee Falls Scholarship and Educational organization has received a rating of 73%, indicating that while there are strengths, there are also areas needing improvement. The rating reflects a good performance in several accountability and finance metrics, particularly scoring full points for having a majority of independent board members and maintaining a favorable liabilities to assets ratio at 0.00%. The organization efficiently allocates funds, with a program expense ratio of 92.48%, suggesting that a significant portion of its expenditures supports its mission.
Despite these strengths, the two-star rating indicates concerns that may warrant further scrutiny. The organization documents board meeting minutes but may still face challenges that affect its overall effectiveness. Stakeholders and potential donors might consider these limitations when evaluating the organization's impact and reliability.
Overall, while the Menomonee Falls Scholarship and Educational organization demonstrates strong financial management and governance practices, the two-star rating signals the need for ongoing assessment and improvements to enhance its overall operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Menomonee Falls Scholarship And Educational legitimate?
Menomonee Falls Scholarship And Educational is a legitimate nonprofit organization registered as a 501(c)(3) entity. Menomonee Falls Scholarship And Educational 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 Menomonee Falls Scholarship And Educational?
The Menomonee Falls Scholarship and Educational organization serves a crucial role by providing and maintaining scholarship funds for students pursuing either collegiate or career/technical education. Their mission extends beyond just financial aid, as they also aim to enhance, supplement, and promote extended educational opportunities. This organization seeks to broaden the educational horizons of students, empowering them to pursue their academic and career goals effectively.
Who is the CEO of Menomonee Falls Scholarship And Educational?
David Rechlicz is the President of Menomonee Falls Scholarship And Educational.
What is the revenue of Menomonee Falls Scholarship And Educational?
Menomonee Falls Scholarship And Educational's revenue in 2023 was $144,481.
Who are the executives of Menomonee Falls Scholarship And Educational and what are their salaries?
There 15 volunteers at Menomonee Falls Scholarship And Educational.
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Where can I find the form 990 for Menomonee Falls Scholarship And Educational?
Menomonee Falls Scholarship And Educational's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Menomonee Falls Scholarship And Educational
Menomonee Falls Scholarship and Educational is an organization dedicated to serving as a means to provide and maintain scholarship funds for students pursuing either collegiate or career/technical education. Its mission is to enhance, supplement, and promote extended educational opportunities, aiming to support students in their academic journeys. By offering scholarships, this organization seeks to enhance the educational prospects of individuals, enabling them to pursue their desired fields of study and achieve their career goals. Additionally, Menomonee Falls Scholarship and Educational works to supplement existing educational opportunities, filling gaps in financial aid and making education more accessible to a broader range of students. Ultimately, the organization's mission is to promote extended educational opportunities, ensuring that students have the resources and support they need to succeed in their chosen fields.
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Impact
October, 2024
Menomonee Falls Scholarship And Educational plays a crucial role in shaping the educational landscape for students in the community. By providing and maintaining scholarship funds, it directly aids students in pursuing collegiate or career/technical education. This support not only alleviates financial burdens but also empowers students to access a wider range of educational opportunities.
The organization enhances and promotes extended educational opportunities, which can lead to increased skill acquisition and career readiness. Its impact is felt not only by the individual students who receive scholarships but also by the broader community, as an educated workforce contributes to economic growth and sustainability.
Through its efforts, Menomonee Falls Scholarship And Educational fosters a culture of learning and aspiration, encouraging students to pursue their goals and achieve their potential. This commitment to education lays the foundation for a brighter future for both the students and the community at large.
This information is meant to be a general summary of Menomonee Falls Scholarship And Educational. 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: $22,648
- Gross Receipts: $144,481
Assets and Liabilities:
- Total Assets: $724,196
- Total Liabilities: $0
- Net Assets: $724,196
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Organization Details
Founding Year
1990
Principal Officer
David Rechlicz
Main Address
PO BOX 642, MENOMONEE FALLS, WI, 530520642
NTEE Category
Code: B82 - Education
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