Overview
What is Oak Grove Lutheran School Foundation?
The Oak Grove Lutheran School Foundation is a charitable organization situated in Fargo, North Dakota. Its primary function is to manage funds—either real property or personal assets—and utilize their income to support charitable, religious, literary, or educational causes. Among these purposes, the Oak Grove Lutheran School is a significant focus, with the foundation providing financial aid for tuition and supporting the school financially. In 2021, the foundation transferred a considerable sum of $224,000 from its endowment pool to the school, enabling the distribution of 24 academic scholarships and 43 grants to students of Oak Grove Lutheran School. In essence, the Oak Grove Lutheran School Foundation plays a crucial role in making education accessible by offering tuition assistance to students and providing financial support to the school.
Official website here: www.oakgrovelutheran.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The Oak Grove Lutheran School Foundation has received an 83% rating from Charity Navigator, reflecting a strong performance in accountability and finance. This rating is based entirely on the Accountability & Finance score, where the organization demonstrates excellence in several areas, including a fully independent board and no material diversion of assets.
The foundation's strengths include a complete independent board comprised of 12 members, a favorable liabilities to assets ratio of 17.39%, and a program expense ratio of 100%, indicating that all its expenditures are directed towards its mission. The foundation also lists its website on tax forms and has a clear conflict of interest policy, which contributes positively to its accountability.
However, there are notable weaknesses in governance practices, specifically the absence of both a whistleblower policy and a document retention and destruction policy, which receive low scores. These gaps may raise concerns about transparency and operational compliance, despite the otherwise solid financial stewardship demonstrated by the foundation.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Oak Grove Lutheran School Foundation?
90% of 23 reviewers on Facebook recommend Oak Grove Lutheran School Foundation. Here is a summary of their reviews:
Many users express a deep appreciation for the nurturing environment provided by the foundation. They highlight it as an excellent setting for children's growth and development. The supportive community and strong educational values foster a positive atmosphere that resonates with families.
Overall, it appears that the nonprofit successfully meets the needs of its members. The strong recommendations suggest that those associated with the foundation feel content with the experiences offered, making it a desirable choice for educational and personal growth.
This AI summary has been generated from reviews found on Facebook.
Is Oak Grove Lutheran School Foundation legitimate?
Oak Grove Lutheran School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Grove Lutheran School 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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For more financial information, click here
Official website here: www.oakgrovelutheran.com
What is the mission statement of Oak Grove Lutheran School Foundation?
The Oak Grove Lutheran School Foundation's primary mission is to provide financial aid for students attending Oak Grove Lutheran School. This is achieved by managing funds and utilizing their income for charitable, religious, literary, or educational purposes. In 2021, the foundation transferred a significant sum of $224,000 from its endowment pool to the school, enabling the provision of 24 academic scholarships and 43 grants for the beneficiaries of Oak Grove Lutheran School. The foundation's activities are geared towards supporting the school and its students financially, thereby contributing to their educational growth.
Official website here: www.oakgrovelutheran.com
Who is the CEO of Oak Grove Lutheran School Foundation?
Patrick Chaffee is the Director of Oak Grove Lutheran School Foundation.
Official website here: www.oakgrovelutheran.com
What is the revenue of Oak Grove Lutheran School Foundation?
Oak Grove Lutheran School Foundation's revenue in 2022 was $464,574.
Official website here: www.oakgrovelutheran.com
Who are the executives of Oak Grove Lutheran School Foundation and what are their salaries?
Here are 15 key members and their salaries:
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- Related: $103,398
- Other: $29,100
Official website here: www.oakgrovelutheran.com
Where can I find the form 990 for Oak Grove Lutheran School Foundation?
Oak Grove Lutheran School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oakgrovelutheran.com
Learn more at the official website: www.oakgrovelutheran.com
Mission Statement of Oak Grove Lutheran School Foundation
The Oak Grove Lutheran School Foundation's primary mission is to provide financial aid for Oak Grove students and offer support to the school itself. This nonprofit organization manages funds, both real and personal property, to be used for charitable, religious, literary, or educational purposes. In line with this mission, the foundation transferred a significant sum of $224,000 from its endowment pool to the school in 2021. This transfer enabled the school to offer 24 academic scholarships and provide 43 grants to students enrolled at Oak Grove Lutheran School, thereby ensuring access to quality education for numerous students.
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Impact
July, 2024
Oak Grove Lutheran School Foundation's impact includes providing tuition assistance to Oak Grove students and financial support for the school. In 2021, the foundation transferred $224,000 from its endowment pool to the school for tuition aid. This enabled the school to provide 24 academic scholarships and 43 grants to students of Oak Grove Lutheran School in Fargo, ND. The foundation's support plays a crucial role in ensuring that students have access to quality education and financial assistance, ultimately contributing to the academic success and growth of the school community.
This information is meant to be a general summary of Oak Grove Lutheran School 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: $40,669
- Gross Receipts: $492,941
Assets and Liabilities:
- Total Assets: $9,308,921
- Total Liabilities: $1,314,458
- Net Assets: $7,994,463
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Organization Details
Founding Year
1992
Phone
(701) 237-0210Principal Officer
Patrick Chaffee
Main Address
124 NORTH TERRACE, FARGO, ND, 58102
Website
www.oakgrovelutheran.comNTEE Category
Code: B99 - Education
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