Overview
What is Aesop Inc?
Aesop Inc, located in Scottsdale, Arizona, is a prominent nonprofit organization dedicated to providing scholarships to deserving students within the state. This is carried out in accordance with Arizona state law, which allows for scholarships to be distributed based on merit and need, specifically for private K-12 educational opportunities in Arizona. The organization plays a significant role in expanding educational opportunities for numerous students, ensuring that merit and financial need are both considered.
Official website here: www.aesopkids.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Aesop Inc has received a Two-Star out of Four Star rating from Charity Navigator, scoring 72% in overall accountability and finance. While the organization demonstrates strong program expenses and fundraising efficiency, there are significant areas for improvement, particularly in governance. The board lacks independent members, which raises concerns about oversight and decision-making.
On a positive note, Aesop Inc has no material diversion of assets and maintains a solid liabilities to assets ratio, reflecting financial stability. Their commitment to transparency is shown through the availability of financial statements and the distribution of tax forms to board members. However, the absence of a whistleblower policy and document retention procedures indicates weaknesses in their governance practices.
Overall, while Aesop Inc exhibits effective financial management and prioritizes program expenses, the organization's governance structure and policies need to be strengthened to enhance accountability and foster donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Aesop Inc legitimate?
Aesop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aesop 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: $26,765
Other Salaries and Wages: $154,793
For more financial information, click here
Official website here: www.aesopkids.org
What is the mission statement of Aesop Inc?
Aesop Inc, as per Arizona state law, serves as an organization that provides scholarships for private K-12 educational opportunities within Arizona. This is done on the basis of merit and need, ensuring that deserving students have access to these opportunities. The primary service of Aesop Inc is to distribute these scholarships, thereby contributing to the education of numerous students in the state. The organization adheres to the legal framework provided by Arizona, prioritizing merit and need to make private education accessible to a wider range of students.
Official website here: www.aesopkids.org
Who is the CEO of Aesop Inc?
Michael T Day is the Executive Di of Aesop Inc.
Official website here: www.aesopkids.org
What is the revenue of Aesop Inc?
Aesop Inc's revenue in 2022 was $4,757,645.
Official website here: www.aesopkids.org
Who are the executives of Aesop Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $154,793
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aesopkids.org
Where can I find the form 990 for Aesop Inc?
Aesop Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aesopkids.org
Learn more at the official website: www.aesopkids.org
Mission Statement of Aesop Inc
Aesop Inc, as a nonprofit organization, is legally mandated to provide scholarships for private K-12 educational opportunities within Arizona. The scholarships are awarded on the basis of merit and need, ensuring that deserving students have access to quality education. The primary program service of Aesop Inc involves distributing these scholarships, demonstrating its commitment to supporting the educational aspirations of Arizona's students.
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Impact
July, 2024
Aesop Inc's impact lies in providing scholarships to deserving Arizona students for private K-12 educational opportunities based on merit and need. By offering financial support to students who may not have had access to such opportunities otherwise, Aesop Inc is contributing to greater educational equity and enabling students to pursue academic paths that align with their abilities and aspirations. Through this initiative, Aesop Inc is not only investing in the potential of individual students but also in the future prosperity and development of the state of Arizona.
This information is meant to be a general summary of Aesop 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: $15,902
- Gross Receipts: $4,757,645
Assets and Liabilities:
- Total Assets: $4,271,734
- Total Liabilities: $0
- Net Assets: $4,271,734
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Organization Details
Founding Year
2014
Phone
(480) 315-8263Principal Officer
Michael T Day
Main Address
18801 N THOMPSON PEAK PKWY STE 240, SCOTTSDALE, AZ, 85255
Website
www.aesopkids.orgNTEE Category
Code: B82 - Education
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