Overview
What is Elgin Children's Foundation Inc?
Elgin Children's Foundation Inc, located in Knoxville, Tennessee, is a dedicated nonprofit organization with a mission to empower the youngest, most vulnerable, and economically disadvantaged children in designated counties across East Tennessee, Eastern Kentucky, and Southwest Virginia. Their primary focus is on providing a robust, faith-based educational foundation in reading and mathematics, ensuring these children have a strong start in their academic journey. To achieve this, they collaborate with local school districts, helping to develop dynamic leaders in school principals, and partner with early childhood education centers to prepare children for kindergarten. Beyond academics, Elgin Children's Foundation also funds programs focusing on dental health, child protection, and discipleship, ensuring these children receive holistic support. With a team of 9 dedicated individuals, the foundation strives to make a significant impact in their community.
Official website here: www.elginfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Elgin Children's Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity demonstrates a strong commitment to responsible financial management, as evidenced by a high program expense ratio of 90.76%, meaning a significant portion of its budget directly supports its programs. Additionally, the organization has no material diversion of assets and maintains effective policies in place, such as conflict of interest and whistleblower policies.
The foundation also showcases a favorable liabilities to assets ratio of only 3.01%, indicating a stable financial position. Its working capital ratio of 5.11 years suggests that the organization is well-equipped to cover its obligations in the near future. However, it should be noted that the fundraising efficiency ratio is reported as $0.00, which raises concerns about the fundraising effectiveness of the organization.
Overall, while Elgin Children's Foundation Inc demonstrates strong accountability and financial health, addressing its fundraising efficiency could enhance its sustainability and program reach.
This AI summary has been generated from information found on Charity Navigator.
Is Elgin Children's Foundation Inc legitimate?
Elgin Children's Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elgin Children's 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: $144,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $472,646
For more financial information, click here
Official website here: www.elginfoundation.org
What is the mission statement of Elgin Children's Foundation Inc?
The Elgin Children's Foundation Inc is committed to serving the youngest, poorest, most vulnerable, and most rural isolated children in designated regions in East Tennessee, Eastern Kentucky, and Southwest Virginia. They achieve this by funding programs focused on academics, dental health, child protection, and discipleship. The foundation aims to provide every child with a strong, Christ-centered early academic foundation in the basics of reading and mathematics. They have collaborated with local school districts to develop more dynamic principal leaders and partnered with daycares and preschools to better prepare children for kindergarten. The foundation's mission is to improve the lives of these children, ensuring they have access to essential services and opportunities for growth.
Official website here: www.elginfoundation.org
Who is the CEO of Elgin Children's Foundation Inc?
Adella Thompson is the President/Chair/Director of Elgin Children's Foundation Inc.
Official website here: www.elginfoundation.org
What is the revenue of Elgin Children's Foundation Inc?
Elgin Children's Foundation Inc's revenue in 2022 was $3,047,909.
Official website here: www.elginfoundation.org
Who are the executives of Elgin Children's Foundation Inc and what are their salaries?
The average compensation at Elgin Children's Foundation Inc during 2022 was $68,541. There are 9 employees at Elgin Children's Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $276,953
- Other: $6,989
- Compensation: $0
- Related: $70,584
- Other: $25,240
- Compensation: $0
- Related: $203,679
- Other: $16,896
- Compensation: $0
- Related: $85,523
- Other: $0
- Compensation: $142,284
- Related: $0
- Other: $1,937
Official website here: www.elginfoundation.org
Where can I find the form 990 for Elgin Children's Foundation Inc?
Elgin Children's Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elginfoundation.org
Learn more at the official website: www.elginfoundation.org
Mission Statement of Elgin Children's Foundation Inc
Elgin Children's Foundation Inc, a nonprofit organization, is committed to serving the youngest, poorest, most vulnerable, and most rurally isolated children in designated counties in East Tennessee, Eastern Kentucky, and Southwest Virginia. Their mission is to achieve this by funding programs focused on academics, dental health, child protection, and discipleship.
In the realm of academics and discipleship, Elgin Children's Foundation strives to provide every child with a solid, Christ-centered, early academic foundation. They work closely with school districts to develop more dynamic principal leaders, ensuring that education is not only academically sound but also imbued with moral and spiritual values. Furthermore, the Foundation partners with daycares and preschools to better prepare children for kindergarten, ensuring they start their educational journey on a strong footing.
Their mission extends beyond academics, reaching into the realms of dental health and child protection. By funding dental health programs, Elgin Children's Foundation aims to improve the oral health of these children, setting them up for better overall health in the future. In the area of child protection, the Foundation works to safeguard the well-being of these young individuals, ensuring they grow up in safe and nurturing environments.
In essence, Elgin Children's Foundation Inc is a beacon of hope for the most vulnerable children in their designated service areas. Through their comprehensive set of programs, they are committed to providing these children with the essentials they need to thrive, both academically and personally, fostering a brighter future for them.
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Impact
July, 2024
Elgin Children's Foundation Inc serves the youngest, poorest, most vulnerable, and most rurally isolated children in designated counties in East TN, Eastern KY, and Southwest VA. Their impact is seen through funding programs focused on academics, dental health, child protection, and discipleship. Specifically, they work towards providing children with a strong, Christ-centered, early academic foundation in reading and mathematics. By collaborating with school districts to enhance principal leadership and partnering with daycares and preschools to better prepare children for kindergarten, Elgin Children's Foundation is making a significant difference in the lives of these children.
This information is meant to be a general summary of Elgin Children's 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: $261,472
- Gross Receipts: $3,059,168
Assets and Liabilities:
- Total Assets: $11,620,867
- Total Liabilities: $435,826
- Net Assets: $11,185,041
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Organization Details
Founding Year
2012
Phone
(865) 862-6560Principal Officer
Adella Thompson
Main Address
10118 PARKSIDE DR 105, KNOXVILLE, TN, 37922
Website
www.elginfoundation.orgNTEE Category
Code: X12 - Religion related
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