Overview
What is Farmington Educational Foundation Inc?
Farmington Educational Foundation Inc, located in Farmington, Missouri, is a small, nonprofit organization with a singular mission. They aim to offer distinctive and unparalleled educational opportunities that might not be accessible otherwise. With just one dedicated employee, this foundation works tirelessly to expand educational horizons in the community. Their activities are centered around providing these unique learning experiences, contributing to the overall growth and development of the region.
Official website here: www.farmingtoneducationalfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Farmington Educational Foundation Inc has received a respectable rating of 79%, which reflects a solid performance in terms of accountability and finance. The charity's score is derived from a single beacon focused entirely on these aspects, indicating that the organization is particularly committed to maintaining strong financial practices and transparency.
One of the foundation's key strengths is its governance structure, featuring a fully independent board comprising ten members, with a perfect score in this area. Additionally, there are no reported material diversions of assets, and the foundation effectively publishes its tax forms and board meeting minutes on its website. However, the organization has some limitations, notably the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which prevented it from achieving a higher score in accountability.
The program expense ratio stands at a commendable 86.31%, suggesting that a significant portion of its resources is directed towards its programs. Despite the strengths, the missing policies could be a potential area for improvement to enhance overall governance and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Farmington Educational Foundation Inc legitimate?
Farmington Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmington Educational Foundation Inc 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: $21,506
For more financial information, click here
Official website here: www.farmingtoneducationalfoundation.org
What is the mission statement of Farmington Educational Foundation Inc?
The Farmington Educational Foundation Inc's mission is centered around providing distinctive educational opportunities that would not be accessible otherwise. This organization strives to enrich the educational landscape by offering unique experiences that may not be available otherwise. Their primary goal is to foster a learning environment that caters to diverse needs and fosters growth in students. This is achieved by providing resources and initiatives that go beyond the conventional educational system.
Official website here: www.farmingtoneducationalfoundation.org
What is the revenue of Farmington Educational Foundation Inc?
Farmington Educational Foundation Inc's revenue in 2024 was $202,308.
Official website here: www.farmingtoneducationalfoundation.org
Who are the executives of Farmington Educational Foundation Inc and what are their salaries?
The average compensation at Farmington Educational Foundation Inc during 2024 was $21,506. There is 1 employee and 15 volunteers at Farmington Educational Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.farmingtoneducationalfoundation.org
Where can I find the form 990 for Farmington Educational Foundation Inc?
Farmington Educational Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.farmingtoneducationalfoundation.org
Learn more at the official website: www.farmingtoneducationalfoundation.org
Mission Statement of Farmington Educational Foundation Inc
Farmington Educational Foundation Inc is committed to providing distinctive and unconventional educational opportunities that might not be accessible otherwise. Their mission is to bridge the gap in education, offering unique learning experiences that enrich and expand the horizons of students beyond the standard curriculum. By providing these special opportunities, the foundation aims to foster growth, learning, and development in students, thereby enriching their overall educational journey.
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Impact
October, 2024
The Farmington Educational Foundation Inc significantly enriches the learning landscape in Farmington, MO, by offering special and unique educational opportunities that are not typically available through conventional channels. Through its initiatives, the foundation directly impacts students by enhancing their educational experiences and expanding their horizons.
By funding programs, resources, and activities that might otherwise be overlooked or underfunded, the foundation fosters a more inclusive and diverse educational environment. This not only supports academic growth but also promotes creativity, critical thinking, and a love for learning among students. The foundation's commitment to providing these unique opportunities helps to prepare students for future challenges and success in their academic and personal endeavors.
This information is meant to be a general summary of Farmington Educational Foundation Inc. 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 2024.
- Investment Income: $16,009
- Program Service Revenue: $12,580
- Gross Receipts: $202,308
Assets and Liabilities:
- Total Assets: $378,637
- Total Liabilities: $2,259
- Net Assets: $376,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING
Revenue
$12,580
Organization Details
Founding Year
1993
Principal Officer
Sally Sullivan-Shinn
NTEE Category
Code: B84 - Education
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