Overview
What is Algona Community School Foundation?
The Algona Community School Foundation is a nonprofit organization situated in Algona, Iowa, specifically at 111 N Dodge St. Its primary mission is to provide financial support to the Algona Community School System. Beyond this, the foundation extends its aid to graduates of the school district by offering post-high school scholarship grants. The organization's activities are geared towards furthering the educational opportunities of the community, ensuring that deserving individuals can pursue their academic aspirations. This support is outlined in the attached listing of grants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Algona Community School Foundation has earned a Three-Star rating on Charity Navigator, indicating a strong performance in several key areas. The organization scored 75 for Accountability & Finance, reflecting good financial practices, while it excelled in Impact & Measurement with a perfect score of 100. This suggests a commitment to transparency and effective use of funds, particularly in their scholarship programs.
A notable strength of the foundation is its high program expense ratio of 92.95%, which indicates that a significant portion of its funds directly supports program activities rather than administrative costs. Additionally, the foundation demonstrates exceptional fundraising efficiency, with a ratio of $0.00, suggesting that they rely on grants or other funding methods without incurring costs for fundraising efforts.
However, the accountability score, while decent, indicates there may still be room for improvement in governance or transparency practices. Overall, the foundation shows a strong impact on its scholarship recipients, increasing their income significantly, which highlights its value to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Algona Community School Foundation legitimate?
Algona Community School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Algona Community 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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What is the mission statement of Algona Community School Foundation?
The Algona Community School Foundation's mission is centered around providing financial support to the local school system and offering post-high school scholarship opportunities to graduates of the school district. This organization aims to contribute financially to the school system's needs and further assist its graduates in their educational pursuits beyond high school. Scholarship grants are exclusively awarded to students who have completed their education within the Algona Community School District, as per the organization's records.
Who is the CEO of Algona Community School Foundation?
Elizabeth Stowater is the President of Algona Community School Foundation.
What is the revenue of Algona Community School Foundation?
Algona Community School Foundation's revenue in 2022 was $6,259,783.
Who are the executives of Algona Community School Foundation and what are their salaries?
There 50 volunteers at Algona Community School Foundation.
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Where can I find the form 990 for Algona Community School Foundation?
Algona Community School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Algona Community School Foundation
The Algona Community School Foundation is committed to providing financial assistance to the Algona Community School System and offering post-high school scholarship support to graduates of the school. This mission is twofold, aiming to bolster the educational resources within the community school system and empower its graduates by providing them with financial aid for their further education. The foundation's focus is exclusively on supporting students who have completed their education within the Algona Community School District. The attached listing of grants serves as a testament to the foundation's dedication to this cause.
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Impact
July, 2024
The impact of the Algona Community School Foundation is significant in providing financial support to the Algona Community School System and offering post-high school scholarship support to graduates of the school. This support is crucial in helping students pursue their educational aspirations and furthering their academic and personal growth. By granting scholarships exclusively to graduates of the Algona Community School District, the foundation plays a pivotal role in investing in the future of these students, enabling them to pursue higher education opportunities and achieve their academic goals.
This information is meant to be a general summary of Algona Community 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 2022.
- Investment Income: $375,742
- Gross Receipts: $7,284,040
Assets and Liabilities:
- Total Assets: $13,564,941
- Total Liabilities: $0
- Net Assets: $13,564,941
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Organization Details
Founding Year
1984
Phone
(515) 295-3565Principal Officer
Elizabeth Stowater
Main Address
111 N DODGE ST, ALGONA, IA, 50511
NTEE Category
Code: B11 - Education
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