Overview
What is Iowa Automobile Dealers Foundation For Education?
The Iowa Automobile Dealers Foundation for Education is a nonprofit organization based in West Des Moines, Iowa. Their primary mission is to invest in the future of the motor vehicle sales and service industry. They accomplish this by offering scholarships to eligible individuals, including employees of Iowa dealers, high school students, and community college students pursuing automotive technology education. In the 2022/23 academic year, 25 high school graduates received $2,500 scholarships each, paid upon proof of tuition. Additionally, the foundation awards grants to community colleges in Iowa offering automotive technology training, providing financial support ranging from $1,358 to $9,000 for a total of $59,921 during the year. This nonprofit organization aims to encourage automotive careers and collaborates with various educational institutions and agencies to achieve its goals.
Official website here: www.iada.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Iowa Automobile Dealers Foundation For Education has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 97%. This high rating is indicative of the organization’s commitment to transparency and responsible financial management, which is crucial for instilling donor confidence.
The foundation boasts a fully independent board of directors, with 100% of its members being independent, and a substantial size of 13 members. This governance structure contributes positively to its operational integrity. Additionally, the organization has demonstrated no material diversion of assets, and it maintains clear documentation practices, including minutes from board meetings and comprehensive policies related to conflicts of interest and whistleblower protections.
One of the notable strengths of the Iowa Automobile Dealers Foundation For Education is its impressive program expense ratio of 88.89%, indicating that the vast majority of its expenditures directly support its educational programs. However, while the financial metrics are strong, prospective donors may want to consider the impact and outreach of the foundation’s programs beyond the financial scores provided.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa Automobile Dealers Foundation For Education legitimate?
Iowa Automobile Dealers Foundation For Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Automobile Dealers Foundation For Education 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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Official website here: www.iada.com
What is the mission statement of Iowa Automobile Dealers Foundation For Education?
The mission of the Iowa Automobile Dealers Foundation for Education is centered around investing in the future of the motor vehicle sales and service industry. They aim to achieve this objective by granting automotive scholarships to eligible individuals. The foundation also works on developing programs and incentives in collaboration with high schools, colleges, educational agencies, and the public to encourage careers in the automotive sector. They receive scholarship applications from employees of Iowa dealers, area high school students, and community colleges offering automotive technologies training. For the 2022/23 academic year, 25 high school graduates were awarded scholarships of $2,500 each, paid upon proof of tuition. Additionally, the foundation awards grants to community colleges in Iowa that provide automotive technologies training, with grants ranging from $1,358 to $9,000 for a total of $59,921 during the year.
Official website here: www.iada.com
Who is the CEO of Iowa Automobile Dealers Foundation For Education?
Paul White is the President of Iowa Automobile Dealers Foundation For Education.
Official website here: www.iada.com
What is the revenue of Iowa Automobile Dealers Foundation For Education?
Iowa Automobile Dealers Foundation For Education's revenue in 2023 was $42,779.
Official website here: www.iada.com
Who are the executives of Iowa Automobile Dealers Foundation For Education and what are their salaries?
There 14 volunteers at Iowa Automobile Dealers Foundation For Education.
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Official website here: www.iada.com
Where can I find the form 990 for Iowa Automobile Dealers Foundation For Education?
Iowa Automobile Dealers Foundation For Education's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iada.com
Learn more at the official website: www.iada.com
Mission Statement of Iowa Automobile Dealers Foundation For Education
The Iowa Automobile Dealers Foundation for Education is committed to investing in the future of the motor vehicle sales and service industry. They achieve this mission by awarding automotive scholarships to individuals from various backgrounds, including employees of Iowa dealers, high school students, and community college students pursuing automotive technologies. The foundation also engages in collaborative efforts with high schools, colleges, educational agencies, and the public to encourage careers in the automotive field. By providing scholarships and incentives, the Iowa Automobile Dealers Foundation for Education is actively contributing to the development of a skilled workforce in the motor vehicle sales and service industry. During the 2022/23 school year, the foundation awarded 25 scholarships worth $2,500 each to high school graduates. Additionally, the foundation granted funds to 11 community colleges in Iowa, offering automotive technology training, with awards ranging from $1,358 to $9,000 for a total of $59,921.
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Impact
August, 2024
The Iowa Automobile Dealers Foundation For Education's impact includes awarding scholarships to high school graduates and providing grants to community colleges offering training in automotive technologies. In the 2022/23 school year, 25 high school graduates were awarded scholarships of $2,500 each, and a total of 11 grants ranging from $1,358 to $9,000 were provided to community colleges in Iowa. These initiatives aim to invest in the future of the motor vehicle sales and service industry by supporting education and career development in automotive fields.
This information is meant to be a general summary of Iowa Automobile Dealers Foundation For Education. 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: $12,362
- Gross Receipts: $246,582
Assets and Liabilities:
- Total Assets: $1,018,735
- Total Liabilities: $62,500
- Net Assets: $956,235
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Organization Details
Founding Year
1995
Phone
(515) 226-1900Principal Officer
Paul White
Main Address
1111 OFFICE PARK ROAD, WEST DES MOINES, IA, 502652507
Website
www.iada.comNTEE Category
Code: B820 - Education
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