Overview
What is Chillicothe Educational Foundation?
The Chillicothe Educational Foundation is a nonprofit organization situated in Chillicothe, Missouri. Its primary mission is to foster academic excellence within the Chillicothe R-II School District by offering financial aid for enrichment programs and activities. Recognizing the need to elevate the educational standards in the local schools and promote community pride, this foundation serves to collect and manage funds that ultimately benefit education in the Chillicothe R-II public schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The Chillicothe Educational Foundation received a two-star rating from Charity Navigator, indicating that there are significant areas needing improvement, particularly in accountability and financial transparency. While the foundation excels in having a fully independent board and demonstrates a strong commitment to program expenditures with a program expense ratio of 98.61%, it lacks essential financial documentation and policies that would enhance its accountability.
Key strengths include the foundation's high percentage of independent board members and a zero liability to assets ratio, showing sound financial management in certain aspects. However, the absence of financial statements, a conflict of interest policy, and a whistleblower policy raises red flags about governance practices. Moreover, the absence of crucial documents on the nonprofit's website limits transparency for potential donors and stakeholders.
Overall, while the Chillicothe Educational Foundation shows promise in its program execution and governance structure, the lack of necessary financial disclosures and policies could undermine trust and accountability. Addressing these areas could lead to improved ratings and better support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Chillicothe Educational Foundation legitimate?
Chillicothe Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chillicothe Educational 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.
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What is the mission statement of Chillicothe Educational Foundation?
The Chillicothe Educational Foundation's mission is geared towards enhancing educational standards in local public schools. By providing financial support for enrichment programs and activities, the foundation aims to foster a sense of community pride in these schools. The primary purpose of this organization is to receive and manage donations and bequests, which will ultimately benefit education within the Chillicothe R-II Public Schools.
Who is the CEO of Chillicothe Educational Foundation?
Michael F Turner is the President of Chillicothe Educational Foundation.
What is the revenue of Chillicothe Educational Foundation?
Chillicothe Educational Foundation's revenue in 2023 was $1,020,336.
Who are the executives of Chillicothe Educational Foundation and what are their salaries?
There 20 volunteers at Chillicothe Educational Foundation.
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Where can I find the form 990 for Chillicothe Educational Foundation?
Chillicothe Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Chillicothe Educational Foundation
The Chillicothe Educational Foundation, established with a mission to encourage the highest educational standards within the Chillicothe Public Schools, seeks to boost community pride in these schools. To achieve this, the foundation provides financial support for the enrichment of programs and activities, identifying any necessary funds. Its purpose primarily revolves around managing and administering gifts and bequests, all of which aim to benefit education within the Chillicothe R-II Public Schools. By doing so, the Chillicothe Educational Foundation plays a significant role in enhancing the educational experience and fostering a sense of pride in the community's educational institutions.
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Impact
July, 2024
Chillicothe Educational Foundation's impact can be seen in its commitment to providing scholarships for students of the Chillicothe R-II School District. By offering financial support for enrichment programs and activities, the foundation helps to encourage the highest educational standards in the Chillicothe public schools and increase community pride in those schools. Through receiving and administering gifts and bequests, the foundation plays a crucial role in benefiting education in the Chillicothe R-II Public Schools, ultimately making a positive difference in the lives of students and the community as a whole.
This information is meant to be a general summary of Chillicothe Educational 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: -$18,952
- Gross Receipts: $1,472,508
Assets and Liabilities:
- Total Assets: $1,686,604
- Total Liabilities: $0
- Net Assets: $1,686,604
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Organization Details
Founding Year
1992
Phone
(660) 646-2336Principal Officer
Michael F Turner
Main Address
PO BOX 620, CHILLICOTHE, MO, 64601
NTEE Category
Code: B90Z - Education
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