Overview
What is Forest City Education Foundation?
The Forest City Education Foundation, headquartered in Forest City, Iowa, is a dedicated nonprofit organization with a focus on empowering local high school graduates. Their primary mission involves providing financial aid in the form of grants and scholarships for students seeking higher education at accredited institutions. With a small team of three individuals, the Foundation has demonstrated its commitment to supporting the educational aspirations of its community.
Official website here: www.forestcityeducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars, 73%)
The Forest City Education Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain accountability and financial aspects. While the organization scores well in areas such as having a fully independent board and a strong program expense ratio of 84%, there are significant shortcomings, particularly in financial transparency and policy documentation.
Key strengths of the foundation include its commitment to maintaining an independent board and effectively managing program expenses. The lack of material diversion of assets also reflects positively on its operational integrity. However, the absence of financial statements and missing policies, such as a whistleblower policy and document retention guidelines, highlight areas that require urgent attention to enhance transparency and governance.
Overall, while the Forest City Education Foundation demonstrates strong programmatic efforts, the identified deficiencies in financial reporting and policy adherence suggest that improvements are necessary to bolster trust and accountability among stakeholders. Addressing these issues could pave the way for a better rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Forest City Education Foundation legitimate?
Forest City Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest City Education 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:
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Other Salaries and Wages: $48,471
For more financial information, click here
Official website here: www.forestcityeducationfoundation.org
What is the mission statement of Forest City Education Foundation?
The Forest City Education Foundation's primary objective is to extend financial aid in the form of grants and scholarships to graduates of Forest City High School who are pursuing higher education at accredited institutions. This non-profit organization seeks to support the academic ambitions of these students, enabling them to further their education and potentially contribute to various fields in the future. The Foundation has been active in awarding scholarships to numerous Forest City High School graduates, thereby contributing to their educational journey.
Official website here: www.forestcityeducationfoundation.org
Who is the CEO of Forest City Education Foundation?
Raymond Beebe is the Board Member of Forest City Education Foundation.
Official website here: www.forestcityeducationfoundation.org
What is the revenue of Forest City Education Foundation?
Forest City Education Foundation's revenue in 2023 was $520,436.
Official website here: www.forestcityeducationfoundation.org
Who are the executives of Forest City Education Foundation and what are their salaries?
The average compensation at Forest City Education Foundation during 2023 was $16,157. There are 3 employees and 61 volunteers at Forest City Education Foundation.
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Official website here: www.forestcityeducationfoundation.org
Where can I find the form 990 for Forest City Education Foundation?
Forest City Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.forestcityeducationfoundation.org
Learn more at the official website: www.forestcityeducationfoundation.org
Mission Statement of Forest City Education Foundation
The Forest City Education Foundation is committed to providing financial aid in the form of grants and scholarships to graduates of Forest City High School. Their mission is geared towards supporting these individuals as they pursue higher education at accredited institutions. By offering these scholarships, the foundation aims to contribute to the educational growth and development of these young adults, thereby empowering them to reach their full potential. The Forest City Education Foundation's actions, as evident in their scholarship provision, underscore their dedication to fostering the academic aspirations of Forest City High School graduates.
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Impact
July, 2024
The Forest City Education Foundation has a significant impact on the community by providing grants and scholarships to Forest City High School graduates pursuing higher education at accredited institutions. This support enables students to further their education and achieve their academic goals. Through the Foundation's initiatives, many students have been able to access financial assistance to pursue higher education, ultimately contributing to the development of a more educated and skilled workforce in the community. This commitment to supporting students in their educational journey plays a crucial role in fostering a culture of learning and empowerment within Forest City and beyond.
This information is meant to be a general summary of Forest City Education 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 2023.
- Investment Income: $77,568
- Gross Receipts: $520,436
Assets and Liabilities:
- Total Assets: $3,053,754
- Total Liabilities: $3,312
- Net Assets: $3,050,442
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Organization Details
Founding Year
2008
Phone
(641) 585-0005Principal Officer
Raymond Beebe
Main Address
145 S CLARK ST PO BOX 270, FOREST CITY, IA, 50436
NTEE Category
Code: B11 - Education
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