Overview
What is Isd 88 Foundation Inc?
Isd 88 Foundation Inc, located in New Ulm, Minnesota, serves as a nonprofit organization dedicated to enhancing the quality of education within Isd 88 schools. They strive to foster partnerships between their educational institutions, local communities, and alumni. In 2022, they expanded their granting process to fund various educational enhancements, with the primary project being a grant for a PE lab equipped with analytics, data, and technical equipment. This initiative aims to provide the school with necessary tools to promote physical activity, reduce stress, alleviate symptoms of depression, and improve overall mental health. The organization, with a small team of one individual, continues to make significant contributions to the local educational landscape.
Official website here: www.isd88foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
The Isd 88 Foundation Inc has received a rating of 43%, which equates to a Zero-Star out of Four Star rating. This score indicates significant concerns in the areas of accountability and finance, suggesting that the organization may not be managing its financial resources effectively. While the foundation scores well in areas such as independent board membership and the absence of asset diversion, it falls short in critical areas like document retention policies and transparency related to financial documents.
Notably, the organization lacks a whistleblower policy and has not posted its tax form on its website, which are serious gaps in governance and transparency. Additionally, their liabilities to assets ratio is concerning, suggesting potential financial instability. Despite having some strengths, such as a fully independent board and good governance practices in certain areas, these limitations heavily impact the overall assessment of the nonprofit's operations.
In summary, while Isd 88 Foundation Inc shows promise through its leadership structure, the deficiencies in financial accountability and transparency raise red flags. Potential donors and stakeholders may want to consider these factors carefully before contributing or engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Isd 88 Foundation Inc legitimate?
Isd 88 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isd 88 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: $12,243
For more financial information, click here
Official website here: www.isd88foundation.org
What is the mission statement of Isd 88 Foundation Inc?
The Isd 88 Foundation Inc's mission is centered around enhancing the quality of education within their educational system. They strive to foster partnerships between their schools, communities, and alumni, aiming to create a collaborative environment that supports educational growth. In 2022, the foundation expanded their granting process, providing funds for educational enhancements to the New Ulm public schools. One of their primary projects was a grant for a PE lab, which included analytics, data, and technical equipment. This equipment was intended to equip the school with necessary tools to increase physical activity, reduce stress, help alleviate symptoms of depression, and improve overall mental health.
Official website here: www.isd88foundation.org
Who is the CEO of Isd 88 Foundation Inc?
Shannon Frauenholz is the Director of Isd 88 Foundation Inc.
Official website here: www.isd88foundation.org
What is the revenue of Isd 88 Foundation Inc?
Isd 88 Foundation Inc's revenue in 2022 was $70,176.
Official website here: www.isd88foundation.org
Who are the executives of Isd 88 Foundation Inc and what are their salaries?
The average compensation at Isd 88 Foundation Inc during 2022 was $12,243. There is 1 employee and 30 volunteers at Isd 88 Foundation Inc.
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Official website here: www.isd88foundation.org
Where can I find the form 990 for Isd 88 Foundation Inc?
Isd 88 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.isd88foundation.org
Learn more at the official website: www.isd88foundation.org
Mission Statement of Isd 88 Foundation Inc
The Isd 88 Foundation Inc is dedicated to enhancing the quality of education within its affiliated schools. This nonprofit organization aims to foster partnerships between the schools, the local communities, and the alumni. By doing so, they aim to create a more enriching educational environment for students. In 2022, the Isd 88 Foundation continued to expand its granting process, providing funds for educational enhancements in the New Ulm public schools. One of the primary projects funded in 2022 was a grant for a PE lab, which equipped the school with analytics, data, and technical equipment. This initiative aimed to provide the school with necessary tools to increase physical activity, reduce stress, help alleviate symptoms of depression, and improve overall mental health. By investing in such initiatives, the Isd 88 Foundation Inc is committed to improving the educational experience for students, fostering partnerships within the community, and supporting the continued growth and success of its alumni.
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Impact
August, 2024
Isd 88 Foundation Inc has a significant impact on enhancing the quality of education in ISD 88 by creating partnerships between the schools, communities, and alumni. In 2022, the foundation expanded its granting process to provide funds to the New Ulm Public Schools for educational enhancements. One of the primary projects funded was a grant for a P.E. lab that included analytics, data, and technical equipment. This initiative aims to provide the school with necessary tools to increase physical activity, reduce stress, help symptoms of depression, improve mental health, and achieve other educational objectives. The foundation's dedication to supporting educational initiatives underscores its commitment to nurturing holistic student development and fostering a positive learning environment in the community.
This information is meant to be a general summary of Isd 88 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 2022.
- Investment Income: $11,095
- Gross Receipts: $70,176
Assets and Liabilities:
- Total Assets: $510,832
- Total Liabilities: $8,642
- Net Assets: $502,190
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Organization Details
Founding Year
2012
Phone
(507) 233-8313Principal Officer
Shannon Frauenholz
Main Address
PO BOX 572, NEW ULM, MN, 56073
Website
www.isd88foundation.orgNTEE Category
Code: B12 - Education
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