Overview
What is Orono Foundation For Education?
The Orono Foundation for Education (OFE) is a nonprofit organization situated in Long Lake, Minnesota. Their primary mission is to empower Orono students to reach their highest potential and uphold a tradition of excellence. They accomplish this by harnessing the community's time, talent, and financial resources for the betterment of Orono schools. OFE mainly operates with volunteers, keeping expenses minimal to maximize grant allocations to the school district. Guided by a Memorandum of Understanding with the Orono School District, their efforts are directed towards fundraising and philanthropy. OFE raises funds through various formats, allowing donors to allocate money to their preferred fund of interest. These funds are then granted to the schools, to be utilized according to their intended purpose. As of this year, OFE has granted $279,193 to the schools through their Excellence Funds, which support specific uses such as academics, character development, arts, athletics, and technology, among others.
Official website here: www.oronofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Orono Foundation For Education has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a 96% score in this area, the foundation demonstrates effective financial practices, including a fully independent board and robust oversight processes. Their program expense ratio of 80.98% indicates that a significant portion of their funding directly supports their educational initiatives.
Additionally, the organization excels in its culture and community engagement, earning a perfect score of 100%. Feedback collection and usage practices are exemplary, showcasing the foundation's dedication to incorporating stakeholder input into its operations. This level of transparency and responsiveness to the community enhances its credibility and effectiveness.
While the data highlights numerous strengths, it's important for potential donors to consider the broader landscape of nonprofit effectiveness. The foundation's strong financial health and community engagement are commendable, but ongoing evaluation of its programs and impact remains crucial to ensure continued success in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Orono Foundation For Education legitimate?
Orono Foundation For Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orono Foundation For Education 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,378
For more financial information, click here
Official website here: www.oronofoundation.org
What is the mission statement of Orono Foundation For Education?
The Orono Foundation for Education's mission is centered around empowering all students to realize their full potential and uphold a standard of excellence. They achieve this by leveraging the community's time, skills, and financial resources to support the local schools. The foundation primarily operates with volunteers, aiming to minimize expenses to maximize the grants provided to the school district. Their activities are guided by a Memorandum of Understanding with the school district, which outlines the roles and responsibilities of both parties in their fundraising and philanthropy efforts. The Orono Foundation raises funds through various formats, enabling donors to allocate money to their preferred areas of interest. These funds are then granted to the schools for their intended purposes.
Official website here: www.oronofoundation.org
Who is the CEO of Orono Foundation For Education?
Amy Mitchell is the Board Chair of Orono Foundation For Education.
Official website here: www.oronofoundation.org
What is the revenue of Orono Foundation For Education?
Orono Foundation For Education's revenue in 2022 was $480,451.
Official website here: www.oronofoundation.org
Who are the executives of Orono Foundation For Education and what are their salaries?
The average compensation at Orono Foundation For Education during 2022 was $26,378. There is 1 employee and 15 volunteers at Orono Foundation For Education.
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Official website here: www.oronofoundation.org
Where can I find the form 990 for Orono Foundation For Education?
Orono Foundation For Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oronofoundation.org
Learn more at the official website: www.oronofoundation.org
Mission Statement of Orono Foundation For Education
The Orono Foundation for Education, often abbreviated as OFE, is dedicated to empowering all students in Orono to reach their full potential and uphold a tradition of excellence. This mission is accomplished by leveraging the community's time, talent, and financial resources to support the local schools. The foundation operates primarily with volunteers, minimizing expenses to maximize the amount of grants that can be distributed to the school district.
The work of the Orono Foundation for Education is guided by a Memorandum of Understanding (MOU) between the foundation and the Orono School District, which was drafted and approved in 2021. This agreement outlines the roles and responsibilities of both parties in relation to the ongoing fundraising and philanthropy efforts for the Orono School District and community.
Orono Foundation for Education raises funds through various formats, allowing donors to allocate money to their chosen fund of interest. The funds are then granted to the schools to be used for their intended purpose. This unique approach allows the foundation to provide targeted support to various aspects of the education system, ensuring that every student has the resources they need to succeed.
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Impact
July, 2024
The impact of Orono Foundation For Education is significant in empowering all students in the Orono school district to achieve their highest potential and ensure a tradition of excellence. Through the Excellence Funds, which cover areas such as academics, character, arts, athletics, and technology, the foundation granted $279,193 to the schools in a single year. By harnessing the community's time, talent, and financial resources, OFE supports Orono schools and maximizes the amount of grants through minimal expenses. The foundation's efforts, guided by a Memorandum of Understanding with the school district, demonstrate a commitment to enhancing education and providing resources for students in various areas of learning and development.
This information is meant to be a general summary of Orono Foundation For Education. 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: $43,550
- Gross Receipts: $1,565,751
Assets and Liabilities:
- Total Assets: $2,798,636
- Total Liabilities: $301,090
- Net Assets: $2,497,546
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Organization Details
Founding Year
2000
Phone
(952) 545-6873Principal Officer
Amy Mitchell
Main Address
1844 WAYZATA BLVD, LONG LAKE, MN, 55356
Website
www.oronofoundation.orgNTEE Category
Code: B12 - Education
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