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Nicolas Fund For Education

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454887611 ✦ Bellevue, WA ✦ Designated as a 501(c)(3)

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Overview

What is Nicolas Fund For Education?

The Nicolas Fund for Education is a nonprofit organization that focuses on uplifting children in Guatemala's highlands. They achieve this by offering scholarships, facilitating transportation, and providing necessary educational supplies. Beyond academics, they also extend medical aid, tutoring, and technological support to these children. Their mission is to empower the vulnerable youth and their communities, helping them rise above poverty.


Official website here: www.nicolasfund.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86% (Three-Star out of Four Star rating)

The Nicolas Fund for Education has received a solid three-star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. With an overall score of 86%, the organization excels particularly in Impact & Measurement, scoring 98%, which indicates a significant effectiveness in achieving its mission. The organization's leadership and adaptability score a perfect 100%, showcasing robust governance practices.

Strengths of the organization include a fully independent board and excellent financial health, evidenced by a 0.00% liabilities to assets ratio and a high program expense ratio of 91.66%. The charity has demonstrated effective feedback collection and usage, scoring 100% in these areas. However, while it has many commendable policies in place, the absence of a whistleblower policy and a document retention policy are noted gaps that could affect transparency and governance.

Overall, the Nicolas Fund for Education appears to have a strong operational framework and a high level of community engagement. Its ability to measure impact effectively and adapt as necessary positions it well for continued success, though addressing the noted policy gaps could enhance its accountability further.


This AI summary has been generated from information found on Charity Navigator.

Is Nicolas Fund For Education legitimate?

Nicolas Fund For Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nicolas Fund For Education 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: $1,750
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nicolasfund.org

What is the mission statement of Nicolas Fund For Education?

The Nicolas Fund for Education empowers Guatemalan children by offering scholarships, transportation, and necessary educational supplies. In addition to this, they provide medical aid, tutoring, and technological support to aid in the children's education. Their mission is to lift vulnerable children and their communities out of poverty, thereby improving their overall quality of life.


Official website here: www.nicolasfund.org

Who is the CEO of Nicolas Fund For Education?

Lolo Levy is the Treasurer of Nicolas Fund For Education.


Official website here: www.nicolasfund.org

What is the revenue of Nicolas Fund For Education?

Nicolas Fund For Education's revenue in 2022 was $1,588,514.


Official website here: www.nicolasfund.org

Who are the executives of Nicolas Fund For Education and what are their salaries?

There 100 volunteers at Nicolas Fund For Education.


Here are 7 key members and their salaries:


Lolo Levy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Merritt (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Safstrom (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Riper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Nordberg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nicolasfund.org

Where can I find the form 990 for Nicolas Fund For Education?

Nicolas Fund For Education's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nicolasfund.org

Learn more at the official website: www.nicolasfund.org

Mission Statement of Nicolas Fund For Education

The Nicolas Fund for Education, a nonprofit organization, is committed to uplifting vulnerable children and their communities in the Guatemalan highlands. Through its scholarship program, it empowers these children by providing them with essentials for a high-quality education, including scholarships, transportation, and necessary supplies. Beyond academic support, the fund also offers medical aid, tutoring, and technology assistance to ensure the children's holistic development. To further support these children, the Nicolas Fund for Education also provides medical assistance and additional educational resources, such as tutoring and technology support. By doing so, the organization aims to empower these Guatemalan children, helping them and their communities overcome poverty.

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Impact




July, 2024

Nicolas Fund For Education empowers Guatemalan children in the highlands by providing scholarships, transportation, supplies, medical aid, tutoring, and technology support. This assistance helps vulnerable children and their communities break the cycle of poverty and improve their educational opportunities. The impact of the organization's scholarship program is significant as it lifts these children out of poverty and creates a path towards a brighter future.




This information is meant to be a general summary of Nicolas Fund For Education. 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.

Revenue
$1,588,514 (2022)
Expenses
$826,739 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $44,006
  • Gross Receipts: $1,588,514

Assets and Liabilities:

  • Total Assets: $2,173,704
  • Total Liabilities: $15
  • Net Assets: $2,173,689

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Organization Details

Founding Year

2013

Principal Officer

Lolo Levy

Main Address

PO BOX 3724, BELLEVUE, WA, 98009

NTEE Category

Code: B82 - Education

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