Overview
What is Clear Lake Comm School Foundation?
The Clear Lake Comm School Foundation, situated in Clear Lake, Iowa, functions as a nonprofit organization. Its primary mission is to extend financial aid to graduates of the local high school through scholarships. This assistance is granted based on both the students' academic achievements and financial needs, demonstrating the foundation's commitment to supporting the educational journey of its community's youth. The foundation, with its headquarters located at 1102 8th Ave Ct S, plays a significant role in empowering the next generation with the means to pursue their educational goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The rating reflects the organization’s accountability and financial health, indicating that while it demonstrates strong performance in several areas, there are notable gaps in governance practices that could be improved.
The Clear Lake Comm School Foundation has a commendable program expense ratio of 93.60%, which suggests that a significant portion of its funds is directed towards its programs. Additionally, the foundation scores well on its board composition and transparency in documenting meeting minutes, highlighting strengths in organizational structure and accountability. However, the organization lacks several important governance policies, including a conflict of interest policy and a whistleblower policy, which raises concerns regarding its operational transparency.
Despite its strengths, the absence of crucial documents such as tax forms on its website and missing policies may impact its overall trustworthiness. The organization has a solid foundation in terms of its board independence and asset management, but the noted limitations in governance practices could deter potential donors looking for a well-rounded and transparent nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Clear Lake Comm School Foundation legitimate?
Clear Lake Comm School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clear Lake Comm 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Clear Lake Comm School Foundation?
The Clear Lake Comm School Foundation's mission is centered around providing financial aid for students within the Clear Lake Community School District. This assistance is granted based on both academic achievement and financial need. The organization's primary objective is to empower deserving students, enabling them to pursue their educational goals effectively. Through the distribution of scholarships, the foundation seeks to alleviate some of the financial burdens associated with higher education, thereby providing opportunities for academic growth and personal development. The foundation has previously awarded scholarships to graduating students from Clear Lake, Iowa, high schools.
Who is the CEO of Clear Lake Comm School Foundation?
Douglas Grabinski is the President of Clear Lake Comm School Foundation.
What is the revenue of Clear Lake Comm School Foundation?
Clear Lake Comm School Foundation's revenue in 2022 was $475,538.
Who are the executives of Clear Lake Comm School Foundation and what are their salaries?
There 10 volunteers at Clear Lake Comm School Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Clear Lake Comm School Foundation?
Clear Lake Comm School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clear Lake Comm School Foundation
The Clear Lake Community School District Scholarship Foundation, often referred to as Clear Lake Comm School Foundation, is dedicated to its mission of providing financial aid to students within its district. This nonprofit organization focuses on awarding scholarships to deserving students, taking into account both their academic achievements and financial needs. By doing so, it aims to support the educational aspirations of these students and help them pursue their future studies. The Clear Lake Comm School Foundation has a history of granting scholarships to graduates from Clear Lake, Iowa, high schools, thereby contributing to the educational development of its community.
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Impact
July, 2024
Clear Lake Comm School Foundation's impact can be seen in the opportunities it provides for students of the Clear Lake Community School District. By offering scholarships based on academic achievement and financial need, the foundation is helping deserving students access higher education and pursue their goals. This support not only benefits the individual recipients but also contributes to the overall growth and success of the community. Through its mission of providing scholarships, the foundation is making a meaningful impact on the lives of students in Clear Lake, IA.
This information is meant to be a general summary of Clear Lake Comm 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: $118,833
- Gross Receipts: $1,047,405
Assets and Liabilities:
- Total Assets: $1,300,980
- Total Liabilities: $0
- Net Assets: $1,300,980
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Organization Details
Founding Year
2006
Phone
(641) 357-2992Principal Officer
Douglas Grabinski
Main Address
1102 8th Ave Ct S, Clear Lake, IA, 50428
NTEE Category
Code: B11 - Education
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