Overview
What is Beatrice Educational Foundation Inc?
The Beatrice Educational Foundation Inc is a nonprofit organization that plays a crucial role in supporting Beatrice's public schools. By covering program expenses and funding an after-school program, it ensures the educational needs of the local community are met. Moreover, the foundation extends its support to students by providing scholarships for current and graduating students. In essence, the Beatrice Educational Foundation Inc aims to strengthen Beatrice Public Schools and foster opportunities for its graduates.
Official website here: www.beatricefoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Beatrice Educational Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This rating is primarily based on its Accountability and Finance score, indicating that the organization maintains a strong financial foundation and is held accountable in its operations. With a majority of independent board members and effective financial oversight through an audit committee, the foundation demonstrates a commitment to good governance.
Strengths highlighted in the evaluation include a solid program expense ratio of 88.37%, which suggests that a significant portion of its funds is directed towards its educational initiatives. Additionally, the organization has no reported material diversion of assets, maintaining integrity in its financial practices. However, the absence of certain policies, such as a conflict of interest policy and whistleblower policy, indicates areas for improvement in governance protocols.
While the foundation exhibits strong financial practices and a commitment to transparency by listing necessary documents on its website, the lack of specific policies could pose potential risks. Overall, the Beatrice Educational Foundation Inc shows promise in its operations but would benefit from enhancing its governance framework to further bolster confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Beatrice Educational Foundation Inc legitimate?
Beatrice Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beatrice Educational 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: $75,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,510
For more financial information, click here
Official website here: www.beatricefoundation.com
What is the mission statement of Beatrice Educational Foundation Inc?
The Beatrice Educational Foundation's mission is centered around supporting Beatrice Public Schools and offering scholarships to its graduates. In essence, the foundation's role is to contribute financially to the educational institution, covering various program expenses, and providing educational opportunities for its students post-graduation. The foundation's after school program is also part of its commitment to the local school system.
Official website here: www.beatricefoundation.com
Who is the CEO of Beatrice Educational Foundation Inc?
Doris Martin is the Executive Di of Beatrice Educational Foundation Inc.
Official website here: www.beatricefoundation.com
What is the revenue of Beatrice Educational Foundation Inc?
Beatrice Educational Foundation Inc's revenue in 2022 was $677,200.
Official website here: www.beatricefoundation.com
Who are the executives of Beatrice Educational Foundation Inc and what are their salaries?
The average compensation at Beatrice Educational Foundation Inc during 2022 was $3,822. There are 62 employees and 14 volunteers at Beatrice Educational Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.beatricefoundation.com
Where can I find the form 990 for Beatrice Educational Foundation Inc?
Beatrice Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beatricefoundation.com
Learn more at the official website: www.beatricefoundation.com
Mission Statement of Beatrice Educational Foundation Inc
The Beatrice Educational Foundation, a nonprofit organization, is committed to supporting Beatrice Public Schools and providing opportunities for its graduates. Its mission is multifaceted, encompassing both the financial backing of the school system and the provision of scholarships for its students. The foundation contributes to the school's expenses, including the after-school program, ensuring that Beatrice Public Schools can continue to provide quality education to its students. Additionally, the Beatrice Educational Foundation offers scholarships to both current and graduating students, aiming to provide financial aid and open up new possibilities for these individuals. In this way, the foundation plays a crucial role in supporting the educational journey of Beatrice's youth, both in the classroom and beyond.
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Impact
July, 2024
Beatrice Educational Foundation Inc's impact is significant in supporting Beatrice Public Schools and providing scholarships for graduates. The foundation plays a crucial role in covering program expenses for Beatrice public schools, including funding the after-school program. By offering scholarships to current and graduating students, the foundation creates opportunities for individuals to further their education and reach their full potential. Through its mission to support Beatrice Public Schools and provide opportunities for graduates, Beatrice Educational Foundation Inc positively impacts the educational landscape in Beatrice, Nebraska.
This information is meant to be a general summary of Beatrice Educational 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: $44,287
- Program Service Revenue: $179,201
- Gross Receipts: $1,167,169
Assets and Liabilities:
- Total Assets: $2,552,751
- Total Liabilities: $5,504
- Net Assets: $2,547,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFTER SCHOOL PROGRAM REIMB
Revenue
$142,356
AFTER SCHOOL PROGRAM TUITION
Revenue
$36,845
Organization Details
Founding Year
1987
Phone
(402) 223-1500Principal Officer
Doris Martin
Main Address
320 NORTH STREET, BEATRICE, NE, 68310
Website
www.beatricefoundation.comNTEE Category
Code: B82 - Education
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