Overview
What is Michigan Education Excellence Foundation?
The Michigan Education Excellence Foundation is a nonprofit organization based in Detroit, Michigan, specifically at 1420 Washington Blvd 301. Its primary mission is to collect, invest, and distribute funds with the aim of enhancing and transforming education in Michigan. As part of this mission, the foundation supports initiatives such as the Detroit Promise, which provides scholarships for Detroit graduates to attend two-year community colleges or four-year universities within the state. Additionally, the Detroit Promise Path and the coaching program at community colleges are also funded by the foundation. The Michigan Education Excellence Foundation is dedicated to supporting innovative learning opportunities for all students in Michigan.
Official website here: www.meefmi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
The Michigan Education Excellence Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The charity has a strong independent board, with all members being independent and a good program expense ratio of 83.35%, suggesting that a significant portion of funding goes directly to its educational initiatives.
However, there are notable weaknesses in their governance practices. The organization lacks a whistleblower policy and document retention and destruction policy, which are critical for ensuring transparency and accountability. Additionally, their liabilities to assets ratio is extremely high at 3214.85%, which raises concerns about financial stability.
Overall, while the Michigan Education Excellence Foundation demonstrates strengths in its independent governance and program spending, the missing policies and high liabilities indicate areas for improvement to enhance its overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Education Excellence Foundation legitimate?
Michigan Education Excellence Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Education Excellence 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:
Executive Compensation: $0
Professional Fundraising Fees: $48,000
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.meefmi.org
What is the mission statement of Michigan Education Excellence Foundation?
The Michigan Education Excellence Foundation's mission is centered around supporting innovative and transformative learning for all students in Michigan. They accomplish this by collecting, investing, and distributing funds to various initiatives, such as the Detroit Promise, which offers scholarships for Detroit graduates to attend two-year community colleges or four-year universities within the state. In addition to funding for the Detroit Promise, the foundation also supports the Detroit Promise Path and the coaching program at community colleges through this initiative. The foundation's primary goal is to improve and reform education in Michigan.
Official website here: www.meefmi.org
Who is the CEO of Michigan Education Excellence Foundation?
Peter Remington is the Director of Michigan Education Excellence Foundation. The CEO's salary of Michigan Education Excellence Foundation is $0 and their total compensation is $0.
Official website here: www.meefmi.org
What is the revenue of Michigan Education Excellence Foundation?
Michigan Education Excellence Foundation's revenue in 2022 was $100,025.
Official website here: www.meefmi.org
Who are the executives of Michigan Education Excellence Foundation and what are their salaries?
There 9 volunteers at Michigan Education Excellence Foundation.
Here are 9 key members and their salaries (Michigan Education Excellence Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.meefmi.org
Where can I find the form 990 for Michigan Education Excellence Foundation?
Michigan Education Excellence Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.meefmi.org
Learn more at the official website: www.meefmi.org
Mission Statement of Michigan Education Excellence Foundation
The Michigan Education Excellence Foundation, abbreviated as MEEF, is committed to gathering, investing, and distributing funds with the primary goal of enhancing and transforming education within Michigan. Their mission is focused on providing support for innovative learning opportunities, aiming to benefit all students in the state. To achieve this, MEEF channels funds to board-designated initiatives, such as the Detroit Promise, which is a significant part of their mission to improve and reform education in Michigan.
Through the Detroit Promise, MEEF provides scholarships to any graduate residing in Detroit, enabling them to attend a two-year community college or a four-year university within the state of Michigan. In addition to the Detroit Promise, MEEF also funds the Detroit Promise Path and the coaching program at the community colleges. The Detroit Promise Path is a comprehensive support system that helps students navigate their higher education journey, ensuring they complete their studies successfully. The coaching program at the community colleges offers additional guidance and resources to students, enhancing their learning experience and increasing their chances of academic success.
In essence, the Michigan Education Excellence Foundation is dedicated to fostering a better education system in Michigan by investing in innovative learning initiatives and providing financial support to students through scholarships and programs that improve their academic journey.
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Impact
October, 2024
The Michigan Education Excellence Foundation significantly enhances educational opportunities for students in Detroit. By collecting, investing, and distributing funds, it directly supports initiatives that reform and improve education across the state. A key program, the Detroit Promise, provides scholarships to all graduates of Detroit high schools, enabling them to pursue higher education at either two-year community colleges or four-year universities within Michigan.
Additionally, the foundation funds the Detroit Promise Path, which provides coaching and mentoring support at community colleges, ensuring that students not only have access to education but also the guidance needed to succeed. This commitment to transformative learning creates pathways for students, empowering them to achieve their academic and career goals while fostering a more educated workforce in the region. Overall, the foundation plays a crucial role in making higher education more accessible and equitable for all students in Michigan.
This information is meant to be a general summary of Michigan Education Excellence 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.
- Gross Receipts: $100,025
Assets and Liabilities:
- Total Assets: $271,261
- Total Liabilities: $250,000
- Net Assets: $21,261
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Organization Details
Founding Year
2011
Phone
(248) 723-9570Principal Officer
Peter Remington
Main Address
1420 WASHINGTON BLVD 301, DETROIT, MI, 48226
Website
www.meefmi.orgNTEE Category
Code: B82 - Education
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