Overview
What is Edina Education Fund?
The Edina Education Fund is a nonprofit organization situated in Minneapolis, Minnesota, specifically at 5701 Normandale Road, with a small team of two dedicated individuals. Their primary mission is to support the educational needs and opportunities for all students in the Edina Public Schools. As a partner aligned with the district's mission, they secure additional funding for district-wide programs and services that enhance academic learning and cater to the overall well-being of students on their educational journey. Throughout the fiscal year, they provided grants to various Edina Public School programs, either continuing existing grant agreements or initiating new ones.
Official website here: www.edinaedfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
The Edina Education Fund has achieved an impressive score of 100%, reflecting strong accountability and financial management practices. This top rating is derived from a single beacon score focused on the charity's financial health and governance, indicating that the organization meets the highest standards in these areas.
Notable strengths include a fully independent board composed of 16 members, with no material diversion of assets reported. The fund has robust policies in place, such as conflict of interest and whistleblower policies, all of which contribute to its high accountability score. Furthermore, the organization allocates a significant portion of its expenses (84.01%) directly to programs, demonstrating its commitment to supporting educational initiatives.
While the organization excels in accountability, the summary does not mention any specific challenges or limitations. Overall, the Edina Education Fund's strong financial ratios and governance practices position it as a trustworthy nonprofit focused on enhancing education in the Edina community.
This AI summary has been generated from information found on Charity Navigator.
Is Edina Education Fund legitimate?
Edina Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edina Education Fund 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: $60,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,248
For more financial information, click here
Official website here: www.edinaedfund.org
What is the mission statement of Edina Education Fund?
The Edina Education Fund serves as a mission-aligned partner to the Edina Public Schools, with a focus on providing additional funding for district-wide programs and services that enhance academic learning and support the holistic development of students throughout their educational journey. By securing incremental funding, this organization strengthens various educational initiatives, thereby contributing significantly to the overall well-being of students. The Edina Education Fund grants funds to various Edina Public School programs, either through existing grant agreements or by awarding new grants during the fiscal year.
Official website here: www.edinaedfund.org
What is the revenue of Edina Education Fund?
Edina Education Fund's revenue in 2024 was $578,936.
Official website here: www.edinaedfund.org
Who are the executives of Edina Education Fund and what are their salaries?
The average compensation at Edina Education Fund during 2024 was $50,128. There are 2 employees and 45 volunteers at Edina Education Fund.
Here are 15 key members and their salaries:
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Official website here: www.edinaedfund.org
Where can I find the form 990 for Edina Education Fund?
Edina Education Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.edinaedfund.org
Learn more at the official website: www.edinaedfund.org
Mission Statement of Edina Education Fund
The Edina Education Fund, as an independent, mission-aligned partner with the Edina Public Schools, works diligently to secure incremental funding for district-wide programs and services that enhance academic learning and support the holistic development of students on their educational journey. This nonprofit organization's mission is to address the educational needs and opportunities for all students in the Edina Public Schools, striving to strengthen their academic growth and personal development. By providing grants to various school programs, Edina Education Fund contributes to the betterment of the educational experience for these students.
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Impact
July, 2024
Edina Education Fund plays a crucial role in enhancing the educational experience for all Edina Public School students. By securing additional funding for district-wide programs and services, it strengthens academic learning and supports the holistic development of individuals on their educational journey. Grants provided by the Edina Education Fund directly impact various Edina Public School programs, ensuring that students have access to valuable opportunities that contribute to their overall growth and success.
This information is meant to be a general summary of Edina Education Fund. 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: $550
- Program Service Revenue: $4,976
- Gross Receipts: $591,929
Assets and Liabilities:
- Total Assets: $259,675
- Total Liabilities: $36,530
- Net Assets: $223,145
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$4,976
Organization Details
Founding Year
2001
Principal Officer
Kathryn Rendleman
Website
www.edinaedfund.orgNTEE Category
Code: B99 - Education
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