Overview
What is School District 110 Foundation?
The School District 110 Foundation is a nonprofit organization situated in Waconia, Minnesota, specifically at 512 Industrial Blvd. Their primary mission is to financially aid and support local students within School District 110. They strive to achieve this objective by developing, promoting, and encouraging educational programs for both students and citizens of the district. The foundation's primary activity is running a scholarship drive, which is their main means of providing financial assistance to the students in their community.
Official website here: www.district110foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 70%)
The School District 110 Foundation has received a rating of "Needs Improvement" from Charity Navigator, scoring 70% overall. This rating indicates the organization demonstrates some strengths in governance, such as having a fully independent board and no material diversion of assets. Additionally, it has maintained a strong liabilities to assets ratio, reflecting financial stability.
However, the foundation faces significant challenges related to its accountability and transparency practices. Notably, it lacks key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. The absence of these policies suggests areas where the organization could enhance its operational integrity and build trust with stakeholders.
The program expense ratio is relatively solid at 64.80%, indicating that a good portion of its funds is directed towards its programs. Nevertheless, the missing tax form on the nonprofit's website and the absence of documented governance policies highlight areas for improvement. By addressing these shortcomings, the School District 110 Foundation could strengthen its operations and potentially improve its Charity Navigator rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is School District 110 Foundation legitimate?
School District 110 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. School District 110 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.district110foundation.org
What is the mission statement of School District 110 Foundation?
The School District 110 Foundation's mission is centered around supporting students within ISD 110. Specifically, their objective is to foster and promote educational programs for both students and citizens within this district. To accomplish this, they engage in initiatives such as scholarship drives, providing financial aid to local students to help them pursue their educational goals.
Official website here: www.district110foundation.org
Who is the CEO of School District 110 Foundation?
Roger Sauerbrey is the President of School District 110 Foundation.
Official website here: www.district110foundation.org
What is the revenue of School District 110 Foundation?
School District 110 Foundation's revenue in 2023 was $4,930.
Official website here: www.district110foundation.org
Who are the executives of School District 110 Foundation and what are their salaries?
There 25 volunteers at School District 110 Foundation.
Here are 8 key members and their salaries:
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Official website here: www.district110foundation.org
Where can I find the form 990 for School District 110 Foundation?
School District 110 Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.district110foundation.org
Learn more at the official website: www.district110foundation.org
Mission Statement of School District 110 Foundation
The School District 110 Foundation is dedicated to furthering the educational opportunities and support for students within its jurisdiction. Its mission is focused on fostering, promoting, and encouraging educational programs that cater to the needs of both students and citizens in ISD 110. To achieve this goal, the foundation organizes a scholarship drive, with the primary objective of providing financial aid and assistance to local students in need. This initiative is a testament to the foundation's commitment to ensuring that every student has the chance to pursue their educational aspirations, regardless of their financial circumstances.
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Impact
October, 2024
School District 110 Foundation has a significant impact on the educational landscape of the Waconia community. By providing financial support through scholarship drives, the foundation helps local students access vital resources needed for their academic endeavors. This support fosters educational opportunities, enabling students to pursue higher education and achieve their goals.
The mission of the foundation focuses on developing, promoting, and encouraging educational programs for both students and citizens within ISD 110. This commitment not only enhances the quality of education but also strengthens community ties by emphasizing the importance of supporting local learners. Through its philanthropic efforts, the foundation plays a crucial role in empowering students and enriching the overall educational experience in Waconia.
This information is meant to be a general summary of School District 110 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 2023.
- Program Service Revenue: $2,781
- Gross Receipts: $4,930
Assets and Liabilities:
- Total Assets: $136,275
- Total Liabilities: $0
- Net Assets: $136,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS
Revenue
$1,238
TRANSFERS FROM THRIVENT
Revenue
$1,543
Organization Details
Founding Year
1995
Phone
(952) 657-2431Principal Officer
Roger Sauerbrey
Main Address
512 INDUSTRIAL BLVD, WACONIA, MN, 55387
NTEE Category
Code: T20Z - Philanthropy
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