Overview
What is Monticello School Foundation?
The Monticello School Foundation is a nonprofit organization dedicated to supporting the Monticello School District. Their primary goal is to establish a perpetual fund, which generates investment income used to provide essential school equipment, improvements, and scholarships for students. The foundation further engages in fundraising activities, hosting an annual gala and an Indy 500 event, to contribute to their mission.
Is Monticello School Foundation legitimate?
Monticello School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monticello 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
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What is the mission statement of Monticello School Foundation?
The Monticello School Foundation's mission is to establish a lasting endowment for the betterment of the Monticello School District. The foundation utilizes the earnings from this endowment to enhance the school's infrastructure and procure necessary equipment. Furthermore, it provides scholarships to deserving students. The foundation annually organizes a fundraiser and an Indy 500 event to raise funds for these initiatives.
Who is the CEO of Monticello School Foundation?
Phil Hanna is the President of Monticello School Foundation.
What is the revenue of Monticello School Foundation?
Monticello School Foundation's revenue in 2022 was $143,822.
Who are the executives of Monticello School Foundation and what are their salaries?
There 15 volunteers at Monticello School Foundation.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Monticello School Foundation?
Monticello School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monticello School Foundation
The Monticello School Foundation is committed to establishing a perpetual fund for the betterment of the Monticello School District. This fund serves as a vital resource, with the income generated through investments being utilized to enhance the district's educational facilities and provide necessary equipment. Beyond this, the foundation also extends financial aid in the form of scholarships to deserving students. The Monticello School Foundation demonstrates its dedication to the district's growth and the nurturing of its students through various initiatives, such as hosting an annual fundraiser/gala and engaging in a unique Indy 500 fundraiser.
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Impact
October, 2024
The Monticello School Foundation significantly enhances educational opportunities within the Monticello School District by establishing a perpetual fund dedicated to supporting the schools. By utilizing investment income, the foundation provides essential resources for school equipment and infrastructure improvements, creating a better learning environment for students. Additionally, it plays a vital role in supporting student achievement through scholarships, helping to foster future success and academic excellence.
Through its annual fundraising events, including a gala and an Indy 500 fundraiser, the foundation galvanizes community support and generates vital funds that directly impact local education. This commitment not only enriches the resources available to students but also strengthens the overall educational system in Monticello, empowering students to thrive in their academic pursuits.
This information is meant to be a general summary of Monticello 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: $65,741
- Gross Receipts: $275,921
Assets and Liabilities:
- Total Assets: $1,780,650
- Total Liabilities: $0
- Net Assets: $1,780,650
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Organization Details
Founding Year
1988
Phone
(319) 465-3531Principal Officer
Phil Hanna
Main Address
PO BOX 2, MONTICELLO, IA, 52310
NTEE Category
Code: B82 - Education
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