Overview
What is Minnesota-Dakotas Kiwanis Education Al Foundation?
Minnesota-Dakotas Kiwanis Education AL Foundation is a nonprofit organization dedicated to offering scholarships to senior high school students for their secondary education. The foundation awards scholarships based on merit, financial need, and the purpose of the scholarship, ensuring that the process is fair and unbiased. The scholarships are intended for use in furthering the recipients' education, thereby supporting their academic growth and future prospects.
Official website here: www.mndak-kiwanis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Minnesota-Dakotas Kiwanis Education Al Foundation has achieved a Three-Star rating with an overall score of 76%. This score reflects a strong emphasis on accountability and finance, highlighted by a perfect liabilities to assets ratio of 0.00% and an impressive program expense ratio of 80.54%, indicating that a significant portion of its funds is directed toward its programs.
The foundation boasts a highly independent board, with 88% of its members being independent, which contributes positively to its governance. However, the organization does face criticism for lacking certain essential policies, including conflict of interest, whistleblower, and document retention policies. These omissions could pose risks to operational transparency and accountability.
While the foundation shows commendable strength in financial management and board independence, the absence of critical governance policies is a notable limitation. Addressing these policy gaps could enhance its overall effectiveness and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota-Dakotas Kiwanis Education Al Foundation legitimate?
Minnesota-Dakotas Kiwanis Education Al Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota-Dakotas Kiwanis Education Al 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mndak-kiwanis.org
What is the mission statement of Minnesota-Dakotas Kiwanis Education Al Foundation?
The Minnesota-Dakotas Kiwanis Education AL Foundation's mission is centered around providing scholarships to senior high school students for their secondary education. These scholarships are awarded based on the students' abilities, financial needs, and the purpose behind pursuing further education. The foundation ensures that this process is carried out without any form of discrimination. In essence, the foundation aims to support deserving students in continuing their education beyond high school.
Official website here: www.mndak-kiwanis.org
Who is the CEO of Minnesota-Dakotas Kiwanis Education Al Foundation?
Lowell Disrud is the Secretary/Tr of Minnesota-Dakotas Kiwanis Education Al Foundation.
Official website here: www.mndak-kiwanis.org
What is the revenue of Minnesota-Dakotas Kiwanis Education Al Foundation?
Minnesota-Dakotas Kiwanis Education Al Foundation's revenue in 2023 was $61,554.
Official website here: www.mndak-kiwanis.org
Who are the executives of Minnesota-Dakotas Kiwanis Education Al Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.mndak-kiwanis.org
Where can I find the form 990 for Minnesota-Dakotas Kiwanis Education Al Foundation?
Minnesota-Dakotas Kiwanis Education Al Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mndak-kiwanis.org
Learn more at the official website: www.mndak-kiwanis.org
Mission Statement of Minnesota-Dakotas Kiwanis Education Al Foundation
The Minnesota-Dakotas Kiwanis Education AL Foundation is dedicated to providing financial assistance to senior high school students. Their mission is centered around awarding scholarships to these students, which they can utilize for their secondary education. The foundation's scholarship criteria are based on three key factors: ability, need, and purpose. They do not discriminate in their scholarship selection process. The scholarships granted by the Minnesota-Dakotas Kiwanis Education AL Foundation aim to support the academic pursuits of deserving senior high school students, providing them with an opportunity to further their education. This nonprofit organization's mission is to empower young individuals by easing the financial burden of secondary education, enabling them to reach their full potential.
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Impact
August, 2024
The Minnesota-Dakotas Kiwanis Education Al Foundation's impact is significant as it provides scholarships to senior high school students in order to support their pursuit of secondary education. These scholarships are awarded based on the students' ability, financial need, and educational goals, without any form of discrimination. By offering financial assistance to deserving students, the foundation plays a crucial role in enabling these individuals to access and excel in higher education, thus contributing to their personal growth and future success.
This information is meant to be a general summary of Minnesota-Dakotas Kiwanis Education Al 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.
- Investment Income: $35,057
- Gross Receipts: $61,554
Assets and Liabilities:
- Total Assets: $1,046,289
- Total Liabilities: $0
- Net Assets: $1,046,289
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Organization Details
Founding Year
1934
Phone
(507) 951-3880Principal Officer
Lowell Disrud
Main Address
914 SOUTHERN PINE LANE SW, ROCHESTER, MN, 55902
Website
www.mndak-kiwanis.orgNTEE Category
Code: B82 - Education
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