Overview
What is Richfield Spartan Foundation Inc?
Richfield Spartan Foundation Inc, situated in Richfield, Minnesota, is a nonprofit organization with a mission to support and foster academic, athletic, and altruistic pursuits among the youth of Richfield. They accomplish this by providing scholarships to high school students, awarding 25 scholarships of $1,500 each and one scholarship of $1,000 for post-secondary education. The foundation also contributed funds to enhance the facilities at the high school, specifically purchasing batting cages and weight room turf for the students' use. The foundation's activities are aligned with its purpose of nurturing and empowering the youth of Richfield.
Official website here: www.spartanfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Richfield Spartan Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. With a solid program expense ratio of 98.51%, the foundation demonstrates a strong commitment to directing resources towards its mission. The organization also boasts a fully independent board, which is a positive sign of governance.
However, there are notable weaknesses in the foundation's policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about transparency and risk management. Additionally, the foundation has not posted its tax form on its website, which could hinder public access to important financial information.
In summary, while the Richfield Spartan Foundation Inc shows strengths in certain areas of governance and program spending, it would benefit from enhancing its accountability measures to improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Richfield Spartan Foundation Inc?
Two reviews on Facebook highlight the positive impact of the Richfield Spartan Foundation Inc. One reviewer applauds the group of volunteers for their exceptional efforts in addressing the needs of students in Richfield, showcasing the foundation's dedication to improving educational opportunities.
Although the number of reviews is limited and the organization is not yet rated, the sentiments expressed indicate a strong appreciation for the foundation's mission and volunteer work. This suggests that the nonprofit is effectively serving its community and making a meaningful difference in the lives of local students.
Overall, the sentiment reflects a commitment to uplifting students through volunteer initiatives, making the Richfield Spartan Foundation a valued entity within the community.
This AI summary has been generated from reviews found on Facebook.
Is Richfield Spartan Foundation Inc legitimate?
Richfield Spartan Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richfield Spartan Foundation Inc 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.spartanfoundation.com
What is the mission statement of Richfield Spartan Foundation Inc?
The Richfield Spartan Foundation Inc's mission is focused on fostering and promoting various pursuits among the youth of Richfield. This includes academic, athletic, and altruistic endeavors, as well as other activities. The organization aims to develop and support these initiatives, working towards the betterment of young individuals in the community. They provide scholarships to deserving students from Richfield High School, with amounts ranging from $1,500 to $2,500. Additionally, the foundation has allocated funds to purchase resources such as batting cages and weight room turf, which are utilized by the high school students.
Official website here: www.spartanfoundation.com
What is the revenue of Richfield Spartan Foundation Inc?
Richfield Spartan Foundation Inc's revenue in 2024 was $169,249.
Official website here: www.spartanfoundation.com
Who are the executives of Richfield Spartan Foundation Inc and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.spartanfoundation.com
Where can I find the form 990 for Richfield Spartan Foundation Inc?
Richfield Spartan Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.spartanfoundation.com
Learn more at the official website: www.spartanfoundation.com
Mission Statement of Richfield Spartan Foundation Inc
Richfield Spartan Foundation Inc is committed to fostering the growth and development of young individuals in Richfield. Their mission, as stated in their charter, is to promote and support various academic, athletic, altruistic, and other ventures aimed at enriching the lives of the youth in the community. To accomplish this, the foundation provides scholarships to students from Richfield High School, awarding 25 scholarships worth $1,500 each and an additional scholarship worth $1,000 for post-secondary education. Furthermore, the foundation has contributed funds to enhance the learning facilities in Richfield High School, purchasing batting cages and weight room turf for the students' use. By investing in the education and extracurricular activities of Richfield's youth, Richfield Spartan Foundation Inc seeks to empower and inspire future generations.
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Impact
October, 2024
Richfield Spartan Foundation Inc significantly influences the community by actively supporting the academic and athletic pursuits of local youth. It awards scholarships to Richfield High School students, enabling them to pursue post-secondary education, with a commitment to fostering educational opportunities. In addition to financial scholarships—25 at $1,500 each and one at $1,000—it invests in infrastructure that enhances the physical education experience. The foundation funded the purchase of batting cages and turf for the weight room, ensuring that students have access to quality training facilities. Through these efforts, the organization promotes not only academic achievement but also athletic development and altruistic endeavors, positively impacting the rich tapestry of youth development in Richfield.
This information is meant to be a general summary of Richfield Spartan Foundation Inc. 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: $12,090
- Gross Receipts: $188,992
Assets and Liabilities:
- Total Assets: $244,126
- Total Liabilities: $0
- Net Assets: $244,126
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Organization Details
Founding Year
1990
Principal Officer
Blaine Joerger
Website
www.spartanfoundation.comNTEE Category
Code: B82Z - Education
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