Overview
What is Blue Earth Area School Foundation?
The Blue Earth Area School Foundation is a nonprofit organization based in Blue Earth, Minnesota, specifically at 315 E 6th Street. Its primary goal is to enhance the educational experiences of students in the Blue Earth Area School System, serving approximately 1,039 students from grades K-12. The foundation accomplishes this by providing funding for essential materials, equipment, travel expenses, and programming, as well as associated costs. Furthermore, the organization offers annual scholarships to graduating students to support their pursuit of post-secondary education. By investing in these educational enhancements and scholarships, the Blue Earth Area School Foundation aims to empower its students and contribute to their future success.
Official website here: www.blueearth
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating. The Blue Earth Area School Foundation has a relatively low accountability and finance score, which reflects some governance concerns. While the foundation exhibits a high program expense ratio of 97.63%, indicating that a significant majority of its funds are allocated directly to programs, it lacks independent board members and has missed certain key governance policies.
The organization does have strong points, such as no material diversion of assets and transparency in some areas, like maintaining board meeting minutes and a conflict of interest policy. However, the absence of a whistleblower policy and a document retention and destruction policy raises questions about its governance practices. Furthermore, the failure to post its tax form on the nonprofit's website suggests a need for improvement in transparency.
In summary, while the Blue Earth Area School Foundation shows a commitment to program spending, its governance structure and transparency could benefit from significant enhancements. The lack of independent oversight and certain missing policies are limitations that potential donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Blue Earth Area School Foundation legitimate?
Blue Earth Area School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue Earth Area School 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.blueearth
What is the mission statement of Blue Earth Area School Foundation?
The Blue Earth Area School Foundation's mission is centered around enhancing the educational experiences of students in a specific district, ISD #2860. They achieve this by providing necessary funds for materials, equipment, travel expenses, programming, and associated costs. The foundation's efforts aim to benefit a total of 1,039 students. Furthermore, an annual scholarship program is in place to support graduates in their pursuit of post-secondary education. In essence, the Blue Earth Area School Foundation aims to elevate the educational opportunities for students within their grade range, from kindergarten to twelfth grade.
Official website here: www.blueearth
What is the revenue of Blue Earth Area School Foundation?
Blue Earth Area School Foundation's revenue in 2024 was $67,616.
Official website here: www.blueearth
Who are the executives of Blue Earth Area School Foundation and what are their salaries?
There 50 volunteers at Blue Earth Area School Foundation.
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Official website here: www.blueearth
Where can I find the form 990 for Blue Earth Area School Foundation?
Blue Earth Area School Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.blueearth
Learn more at the official website: www.blueearth
Mission Statement of Blue Earth Area School Foundation
The Blue Earth Area School Foundation is committed to enhancing the educational experiences of students in the local school district, ISD #2860. This nonprofit organization provides resources such as materials, equipment, and travel expenses to support various programs and activities that benefit approximately 1,039 students. In addition, the Foundation offers annual scholarships to graduates, enabling them to pursue their post-secondary education. Through its initiatives, the Blue Earth Area School Foundation aims to broaden the educational opportunities available to students, ultimately enriching their learning experiences.
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Impact
August, 2024
Blue Earth Area School Foundation's impact is significant in enhancing the educational opportunities for students in the Blue Earth Area School System. With a focus on providing funds for materials, equipment, travel expenses, programming, and associated costs, the foundation directly benefits 1,039 students in grades K-12. Additionally, the foundation plays a crucial role in supporting graduates by offering annual scholarships to pursue post-high school education. Through its efforts, the foundation ensures that students have access to resources and support that contribute to their academic success and future prospects.
This information is meant to be a general summary of Blue Earth Area School 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 2024.
- Investment Income: $21,689
- Gross Receipts: $100,195
Assets and Liabilities:
- Total Assets: $652,252
- Total Liabilities: $0
- Net Assets: $652,252
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Organization Details
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