Overview
What is Waterloo Community Schools Foundation?
The Waterloo Community Schools Foundation is a nonprofit organization based in Waterloo, Iowa, specifically at 201 Tower Park Drive 106. Their primary mission is to enhance and promote educational quality within the Waterloo Community School District. They achieve this by serving as a platform for allocating contributions to charitable and educational programs and facilities, managing resources for identified needs, and boosting community involvement and support for the district. The foundation, with a small team of three employees, provides grants to the Waterloo Community School District, 62 students, and the University of Northern Iowa Foundation for the Teach Waterloo program, which supports staff of color seeking a teaching certification. Overall, the Waterloo Community Schools Foundation functions as a catalyst for educational excellence and pride in the Waterloo School District, funding and promoting educational opportunities for all within the district.
Official website here: www.wcsfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Waterloo Community Schools Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The foundation's overall score is based entirely on its measures of accountability, indicating a high level of transparency and responsible governance. Key strengths include a board composed entirely of independent members and a commendable program expense ratio, which indicates that the majority of funds are directed toward its mission.
Strengths noted in the evaluation include the absence of any material diversion of assets, a detailed conflict of interest policy, and a comprehensive whistleblower policy. These factors contribute to a robust governance framework that ensures both ethical operation and compliance with best practices for nonprofits. Additionally, the foundation maintains a favorable liabilities to assets ratio, showcasing financial stability.
While the foundation demonstrates strong accountability and a commitment to transparency, the evaluation does not highlight any specific areas for improvement, indicating that it operates effectively within its governance framework. Overall, the Waterloo Community Schools Foundation exemplifies a trustworthy organization dedicated to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Waterloo Community Schools Foundation legitimate?
Waterloo Community Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterloo Community Schools 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: $64,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,636
For more financial information, click here
Official website here: www.wcsfoundation.org/
What is the mission statement of Waterloo Community Schools Foundation?
The Waterloo Community Schools Foundation serves as a catalyst for educational excellence and pride within its district. Its mission is to fund, inspire, and promote educational opportunities for all within the school system. The foundation raises funds that are utilized to encourage and enhance the quality of education within the district. It provides a mechanism for contributions to be allocated to worthy charitable and educational programs and facilities. The foundation also acts as a vehicle for soliciting, accumulating, investing, and distributing resources for identified needs and purposes. Furthermore, it aims to increase community involvement and support for the school district, fostering open communication between the community and the district on matters of mutual concern, and boosting community confidence in the school district. Grants have been disbursed to the school district and 62 students, as well as to the University of Northern Iowa Foundation for the Teach Waterloo program, which supports staff of color seeking a teaching certification.
Official website here: www.wcsfoundation.org/
Who is the CEO of Waterloo Community Schools Foundation?
Hannah Luce is the Executive Director of Waterloo Community Schools Foundation.
Official website here: www.wcsfoundation.org/
What is the revenue of Waterloo Community Schools Foundation?
Waterloo Community Schools Foundation's revenue in 2022 was $482,487.
Official website here: www.wcsfoundation.org/
Who are the executives of Waterloo Community Schools Foundation and what are their salaries?
The average compensation at Waterloo Community Schools Foundation during 2022 was $24,386. There are 3 employees and 48 volunteers at Waterloo Community Schools Foundation.
Here are 19 key members and their salaries:
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Official website here: www.wcsfoundation.org/
Where can I find the form 990 for Waterloo Community Schools Foundation?
Waterloo Community Schools Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcsfoundation.org/
Learn more at the official website: www.wcsfoundation.org/
Mission Statement of Waterloo Community Schools Foundation
The Waterloo Community Schools Foundation, a catalyst for educational excellence and pride in the Waterloo School District, has a mission to fund, inspire, and promote educational opportunities for all within the Waterloo Schools. The organization serves as a mechanism for channeling contributions to worthy charitable and educational programs and facilities within the district. It also acts as a vehicle for soliciting, accumulating, investing, managing, and distributing resources for identified needs and purposes. Moreover, the Waterloo Community Schools Foundation aims to increase community involvement with and support for the district by encouraging open communication between the community and the district on matters of mutual concern and boosting community confidence in the Waterloo Community School District. Grants were paid to the Waterloo Community School District and 62 students, as well as to the University of Northern Iowa Foundation for the Teach Waterloo program that supports Waterloo staff of color seeking a teaching certification.
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Impact
July, 2024
Waterloo Community Schools Foundation serves as a catalyst for educational excellence and pride in the Waterloo School District by raising funds to improve the quality of education. The foundation provides a mechanism for contributions to support charitable and educational programs, facilities, and resources. It enhances community involvement and support for the Waterloo Community School District by facilitating open communication and increasing confidence in the district. Grants are distributed to the school district, students, and the University of Northern Iowa Foundation for programs like Teach Waterloo that support staff of color seeking teaching certification. Overall, Waterloo Community Schools Foundation's impact is felt through its support for educational opportunities and the advancement of learning in the Waterloo schools.
This information is meant to be a general summary of Waterloo Community Schools 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: $37,138
- Gross Receipts: $640,046
Assets and Liabilities:
- Total Assets: $1,202,339
- Total Liabilities: $240,000
- Net Assets: $962,339
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Organization Details
Founding Year
1989
Phone
(319) 939-9550Principal Officer
Hannah Luce
Main Address
201 TOWER PARK DRIVE 106, WATERLOO, IA, 50701
Website
www.wcsfoundation.org/NTEE Category
Code: B12 - Education
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