Overview
What is Success In Education Foundation?
Success In Education Foundation is a nonprofit organization situated in Salt Lake City, Utah, with a mission to promote academic excellence and assist Utah students in preparing for post-secondary education. Their flagship program, Keys to Success, aims to inspire change in students' lives by motivating, connecting, and rewarding them for improvements in their educational performance. The Keys to Success app, launched in 2018, offers students scholarships, internships, and career opportunities tailored to their chosen interests. Students can track their progress, receive notifications, and use educational tools like ACT prep and FAFSA help to enhance their future prospects. The app encourages parental engagement in their children's education goals and career aspirations. In the 2021-2022 school year, the app saw 101,625 downloads, and scholarships and tuition waivers totaling 160 million were available. During this period, academic scholarships were awarded to 178 students, and the program sponsored various events, including assemblies and livestreams. The Keys to Success program also provided students with 19,500 prizes and incentives, including a grand car giveaway. The organization employs 23 individuals.
Official website here: www.sieutah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Success In Education Foundation has received a Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization excels with a high percentage of independent board members and effective financial oversight, demonstrating a commitment to transparency and responsible management of resources.
The foundation's financial health is solid, with a program expense ratio of 77.83%, meaning a significant portion of its funds is directed towards its educational programs. Additionally, the organization has an impressive fundraising efficiency ratio, raising funds with minimal costs, showcasing its operational effectiveness and ability to maximize donor contributions for its mission.
However, there are noted limitations, including the absence of essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. While these gaps do not significantly detract from the overall performance, they indicate areas where the organization could enhance its governance practices to further strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Success In Education Foundation legitimate?
Success In Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Success In 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:
Executive Compensation: $267,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,044,816
For more financial information, click here
Official website here: www.sieutah.org
What is the mission statement of Success In Education Foundation?
The Success In Education Foundation's mission is focused on promoting excellence in education and helping students prepare for post-secondary education. They aim to inspire change in students' lives by motivating, connecting, and rewarding them for improvements in their educational performance. The foundation has developed the Keys to Success app, which provides students with scholarships, internships, and career opportunities tailored to their chosen interests. The app allows students to track their progress, receive notifications, and use additional tools for ACT preparation and financial aid assistance. The more students interact with the app, the more points they earn that can be redeemed for various prizes. The program has been successful, with over 100,000 app downloads and over $160 million in scholarships and tuition waivers available. During the 2021-2022 school year, academic scholarships were awarded to 178 students, and the program sponsored various events, including a statewide assembly video and virtual livestreams for 180 schools.
Official website here: www.sieutah.org
Who is the CEO of Success In Education Foundation?
Richard L Folkerson is the President/Ex of Success In Education Foundation.
Official website here: www.sieutah.org
What is the revenue of Success In Education Foundation?
Success In Education Foundation's revenue in 2022 was $3,601,243.
Official website here: www.sieutah.org
Who are the executives of Success In Education Foundation and what are their salaries?
The average compensation at Success In Education Foundation during 2022 was $57,059. There are 23 employees and 200 volunteers at Success In Education Foundation.
Here are 14 key members and their salaries:
- Compensation: $147,369
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- Other: $11,412
- Compensation: $55,251
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- Other: $9,324
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Official website here: www.sieutah.org
Where can I find the form 990 for Success In Education Foundation?
Success In Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sieutah.org
Learn more at the official website: www.sieutah.org
Mission Statement of Success In Education Foundation
Success in Education Foundation, a nonprofit organization, is committed to promoting excellence in education and aiding Utah students in preparing for post-secondary education. Their mission is to inspire change in students' lives by motivating, connecting, and rewarding them for their improvements in educational performance. They believe in the power of positive reinforcement and have developed the Keys to Success app, launched in the fall of 2018. This app provides students with opportunities for scholarships, internships, and career advancements tailored to their chosen interests. Students can track their progress, receive notifications, and utilize tools like ACT prep and FAFSA help to shape their futures. The more students engage with the app, the more points they accrue, which can be redeemed for exciting prizes. The app also serves as a platform for parents to engage with their children's future goals and career aspirations.
During the 2021-2022 school year, the Keys to Success program witnessed significant success. With over 101,625 student app downloads, the program made available scholarships and tuition waivers totaling 160 million dollars. Academic scholarships were awarded to 178 students, and the program sponsored a statewide assembly video, virtual livestreams for 180 schools, and a television event. The Keys to Success program also provided 19,500 prizes and incentives for students, culminating in a grand prize of a car giveaway. Success in Education Foundation's mission is to empower Utah students, fostering a love for education and setting them on a path towards a prosperous future.
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Impact
July, 2024
Success In Education Foundation's impact includes promoting excellence in education and helping Utah students prepare for post-secondary education. Through their Keys to Success program, they inspire change in students' lives by motivating, connecting, and rewarding them for their improvements in educational performance.
The foundation launched the Keys to Success app, providing students with scholarships, internships, and career opportunities personalized to their chosen career interests. Students can track their progress, receive push notifications, and access tools like ACT prep and FAFSA help to unlock their future. By interacting with the app, students earn points that can be redeemed for prizes.
During the 2021-2022 school year, over 100,000 students downloaded the app, and there were $160 million in scholarships/tuition waivers available. Additionally, academic scholarships were awarded to 178 students, and the program sponsored statewide assemblies, virtual livestreams, and a television event. In total, they provided 19,500 prizes and incentives to students, including a grand prize car giveaway.
This information is meant to be a general summary of Success In 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 2022.
- Gross Receipts: $4,154,740
Assets and Liabilities:
- Total Assets: $6,961,359
- Total Liabilities: $337,062
- Net Assets: $6,624,297
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Organization Details
Founding Year
2012
Phone
(801) 257-3414Principal Officer
Richard L Folkerson
Main Address
111 EAST BROADWAY STE 900, SALT LAKE CITY, UT, 84111
Website
www.sieutah.orgNTEE Category
Code: O50 - Youth development
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