Overview
What is Albion Education Foundation?
The Albion Education Foundation is a nonprofit organization situated in Albion, Nebraska. Its primary mission is to provide scholarships and foster educational development for students enrolled in Boone Central Public Schools (BCPS). It accomplishes this goal by working in collaboration with the school administration, operating through a board of directors, officers, standing committees, and with the assistance and participation of volunteers and supporters. The foundation formulates and administers programs aimed at supporting the educational needs of BCPS students.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Albion Education Foundation holds a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is entirely based on a single beacon score, indicating that the foundation excels in certain financial metrics, with a program expense ratio of 82.30%, which suggests that a significant portion of their funds is directed towards their programs.
Strengths of the organization include a fully independent board with 100% of members being independent, which enhances governance quality. Additionally, the foundation demonstrates a strong financial health with no liabilities to assets ratio, indicating a sound financial position. The organization has also successfully listed their tax form on their website and maintains thorough records of board meeting minutes.
However, the foundation does have some limitations, such as the absence of key policies like a conflict of interest policy and a whistleblower policy, both of which are important for transparency and accountability. These missing policies may raise concerns regarding oversight and the handling of potential conflicts. Overall, while the foundation shows many strengths, addressing the noted limitations could further enhance their operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Albion Education Foundation legitimate?
Albion Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albion Education Foundation 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.
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Official website here: www.none
What is the mission statement of Albion Education Foundation?
The Albion Education Foundation's mission involves funding, formulating, and administering programs in collaboration with the school administration. They achieve this through their board of directors, officers, standing committees, and with the help of volunteers and supporters. The primary objective of the foundation is to provide scholarships and support educational development for students attending Boone Central Public Schools (BCPS). They operate with a strong emphasis on community participation and shared efforts to enhance the educational experiences of students.
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Who is the CEO of Albion Education Foundation?
Carol Kusek is the Director of Albion Education Foundation.
Official website here: www.none
What is the revenue of Albion Education Foundation?
Albion Education Foundation's revenue in 2022 was $110,949.
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Who are the executives of Albion Education Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Albion Education Foundation
Albion Education Foundation, a nonprofit organization, is dedicated to funding, formulating, and administering programs in collaboration with the school administration. Operating through its board of directors, officers, standing committees, and with the assistance and participation of volunteers and supporters, the foundation aims to provide scholarships and foster educational development for students of Boone Central Public Schools (BCPS). By investing in the education of these students, Albion Education Foundation seeks to support and enhance the learning experiences within the BCPS community.
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Impact
October, 2024
The Albion Education Foundation plays a vital role in enhancing educational opportunities for students at Boone Central Public Schools (BCPS) in Albion, Nebraska. By providing scholarships and supporting educational development initiatives, the foundation helps to ensure that students have access to the resources and programs they need to succeed academically.
Through collaboration with school administration, the foundation formulates and administers various programs that directly benefit students. Its operations are supported by a dedicated board of directors, officers, and standing committees, all of which work together to foster educational excellence. The involvement of volunteers and community supporters further amplifies its impact, creating a robust network focused on the growth and development of students.
Ultimately, the Albion Education Foundation is committed to enriching the educational landscape for BCPS students, paving the way for their future success and creating a positive ripple effect throughout the community.
This information is meant to be a general summary of Albion Education Foundation. 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: $26,314
- Program Service Revenue: $7,044
- Gross Receipts: $873,263
Assets and Liabilities:
- Total Assets: $3,443,172
- Total Liabilities: $0
- Net Assets: $3,443,172
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT INCOME
Revenue
$5,644
LOAN PROCESSING FEES
Revenue
$1,400
Organization Details
Founding Year
1991
Phone
(402) 395-5160Principal Officer
Carol Kusek
Main Address
PO BOX 45, ALBION, NE, 68620
Website
www.noneNTEE Category
Code: X99Z - Religion related
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