Overview
What is District 742 Local Education Activities Foundation?
District 742 Local Education Activities Foundation is a nonprofit organization based in St. Cloud, Minnesota. Its primary objective is to raise funds for academic and extracurricular activities within the St. Cloud Area Public Schools. This citizens-led organization seeks to augment the educational process by securing and distributing private funds. They are committed to advocating for a holistic education system in St. Cloud, aiming to enrich and improve learning experiences for local students.
Official website here: www.leaf742.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The District 742 Local Education Activities Foundation holds a respectable rating of 81% from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived entirely from their accountability and finance metrics, showcasing their commitment to transparent operations. The foundation has excelled in several key areas, including having an entirely independent board and a strong ratio of program expenses, which reflects their prioritization of mission-related activities.
The organization has maintained high standards with no reported material diversion of assets and effectively meets governance requirements, including conflict of interest and whistleblower policies. Their liabilities to assets ratio stands at a very low 0.92%, which suggests good financial stability and minimal debt relative to their assets.
While the overall rating is positive, it is important to note that the score is based solely on accountability and finance, without an assessment of impact or programmatic effectiveness. This limitation suggests potential areas for further improvement or transparency in communicating the direct outcomes of their initiatives to the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is District 742 Local Education Activities Foundation legitimate?
District 742 Local Education Activities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. District 742 Local Education Activities 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $32,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.leaf742.org
What is the mission statement of District 742 Local Education Activities Foundation?
The District 742 Local Education Activities Foundation's mission is centered around procuring funding for academic and student activities within the St. Cloud Area Public Schools. Acting as a citizens' organization, its primary objective is to source and distribute private funds to strengthen and augment the educational experience. The Foundation is committed to endorsing the significance of a holistic educational system, striving to enhance learning opportunities for students in St. Cloud, Minnesota.
Official website here: www.leaf742.org
Who is the CEO of District 742 Local Education Activities Foundation?
Bruce Hentges is the President of District 742 Local Education Activities Foundation.
Official website here: www.leaf742.org
What is the revenue of District 742 Local Education Activities Foundation?
District 742 Local Education Activities Foundation's revenue in 2022 was $609,641.
Official website here: www.leaf742.org
Who are the executives of District 742 Local Education Activities Foundation and what are their salaries?
The average compensation at District 742 Local Education Activities Foundation during 2022 was $32,605. There is 1 employee and 69 volunteers at District 742 Local Education Activities Foundation.
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- Compensation: $29,713
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- Other: $2,892
Official website here: www.leaf742.org
Where can I find the form 990 for District 742 Local Education Activities Foundation?
District 742 Local Education Activities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leaf742.org
Learn more at the official website: www.leaf742.org
Mission Statement of District 742 Local Education Activities Foundation
The District 742 Local Education Activities Foundation serves as a dedicated entity aimed at procuring financial resources for academic and student activities within the St. Cloud Area Public Schools. As a citizens' organization, its primary objective is to bridge the gap between private funds and educational initiatives, ultimately enhancing the overall educational process. The Foundation places a strong emphasis on the significance of a holistic education system in St. Cloud, Minnesota, and channels these resources to support and enrich the learning experience for students. Its purpose is to strengthen the educational infrastructure, fostering an environment that encourages growth and development in the students it serves.
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Impact
July, 2024
District 742 Local Education Activities Foundation's impact is significant in St. Cloud, MN, as it plays a key role in procuring funding for academic and student activities programming for St. Cloud Area Public Schools. By securing and channeling private funds to support and enhance the educational process, this citizens organization is instrumental in promoting the value of a comprehensive education system in the community. Through its efforts, the Foundation contributes to community improvement by ensuring that students have access to a wide range of educational opportunities and resources beyond the standard curriculum.
This information is meant to be a general summary of District 742 Local Education Activities 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: $124,893
- Gross Receipts: $636,452
Assets and Liabilities:
- Total Assets: $2,028,115
- Total Liabilities: $18,829
- Net Assets: $2,009,286
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Organization Details
Founding Year
1994
Phone
(320) 309-8703Principal Officer
Bruce Hentges
Main Address
PO BOX 1132, ST CLOUD, MN, 56302
Website
www.leaf742.orgNTEE Category
Code: S50Z - Community improvement
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