Overview
What is Inver Grove Heights Best Foundation?
The Inver Grove Heights B.E.S.T. Foundation is a nonprofit organization, situated in Inver Grove Heights, Minnesota. Its primary objective is to offer post-secondary education scholarships to students who have graduated from Simley High School within the Inver Grove Heights School District. In the current fiscal year, the foundation has aided 137 individuals with these scholarships. A request for deferral of payments can be made by a specified date and approved by the board of directors. The foundation operates independently but supports the Inver Grove Heights Community Schools, Independent School District 199 in its mission to support student education.
Official website here: www.ighbestfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
Inver Grove Heights Best Foundation has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial performance. The organization scored 100% for independent board members and board size, showing a strong commitment to governance. Additionally, the foundation has no reported material diversion of assets and demonstrates a high program expense ratio of 84.66%, reflecting that a significant portion of its resources is directed towards its mission.
However, the foundation does have areas that require improvement. Specifically, it lacks a whistleblower policy and a document retention and destruction policy, which are important for maintaining transparency and operational integrity. While these gaps do not detract significantly from its financial health or overall accountability, they highlight opportunities for the organization to strengthen its governance framework.
Overall, Inver Grove Heights Best Foundation is performing well in most areas, particularly in governance and program funding. With a few adjustments to their policies, they could enhance their accountability and possibly improve their rating further in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Inver Grove Heights Best Foundation legitimate?
Inver Grove Heights Best Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inver Grove Heights Best 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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Official website here: www.ighbestfoundation.com
What is the mission statement of Inver Grove Heights Best Foundation?
The Inver Grove Heights B.E.S.T. Foundation's mission is centered around raising and distributing funds to provide post-secondary scholarships for graduates of Simley High School. The organization operates independently from the Inver Grove Heights Community Schools, yet it supports their efforts. In the current fiscal year, the foundation has aided 137 individuals in their pursuit of higher education. Scholarship recipients have the option to defer their payments if they request it and receive approval from the foundation's board of directors.
Official website here: www.ighbestfoundation.com
Who is the CEO of Inver Grove Heights Best Foundation?
Cindy Nordstrom is the Director of Inver Grove Heights Best Foundation.
Official website here: www.ighbestfoundation.com
What is the revenue of Inver Grove Heights Best Foundation?
Inver Grove Heights Best Foundation's revenue in 2022 was $511,637.
Official website here: www.ighbestfoundation.com
Who are the executives of Inver Grove Heights Best Foundation and what are their salaries?
There 25 volunteers at Inver Grove Heights Best Foundation.
Here are 13 key members and their salaries:
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Official website here: www.ighbestfoundation.com
Where can I find the form 990 for Inver Grove Heights Best Foundation?
Inver Grove Heights Best Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ighbestfoundation.com
Learn more at the official website: www.ighbestfoundation.com
Mission Statement of Inver Grove Heights Best Foundation
The Inver Grove Heights B.E.S.T. Foundation is dedicated to its mission of raising and awarding funds for post-secondary scholarships to graduates of Simley High School. This nonprofit organization operates independently but supports the Inver Grove Heights Community Schools, Independent School District 199. In the current fiscal year, the foundation has provided assistance to 137 individuals, demonstrating its commitment to helping deserving students pursue higher education. The organization offers the opportunity for students to defer their scholarship payments if they request and receive approval from the foundation's board of directors.
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Impact
July, 2024
Inver Grove Heights Best Foundation's impact can be seen in the support it provides to Simley High School graduates pursuing post-secondary education. Through its scholarship program, the foundation has helped 137 individuals in the current fiscal year alone. This support not only eases the financial burden for students but also encourages and enables them to pursue higher education. By investing in the education of Inver Grove Heights School District students, the foundation is contributing to a brighter future for these individuals and the community as a whole.
This information is meant to be a general summary of Inver Grove Heights Best 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: $27,331
- Gross Receipts: $534,424
Assets and Liabilities:
- Total Assets: $1,876,254
- Total Liabilities: $271,660
- Net Assets: $1,604,594
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Organization Details
Founding Year
1992
Phone
(651) 552-8586Principal Officer
Cindy Nordstrom
Main Address
PO Box 2276, Inver Grove Heights, MN, 55076
Website
www.ighbestfoundation.comNTEE Category
Code: B94Z - Education
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