Overview
What is The Nebraska Cooperative Council Education Foundation?
The Nebraska Cooperative Council Education Foundation is a nonprofit organization situated in Lincoln, Nebraska. Its primary mission is to motivate high school graduates to further their education in agricultural and agribusiness fields. This is achieved through scholarships and school-to-work programs in collaboration with Nebraska cooperatives. The foundation also supports continuing education programs in the agricultural and cooperative industries. During the 2022 tax year, six students received scholarships worth $2,500 each to attend the University of Nebraska - Lincoln (UNL), while two students received $1,300 scholarships to attend Nebraska College of Technical Agriculture (NCTA). Additionally, one student received a $2,500 scholarship to attend University of Nebraska - Kearney (UNK). The Nebraska Future Farmers of America (FFA) Foundation also received $1,050 in charitable donations. The foundation further contributed $15,000 to the Lincoln Children's Museum.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Nebraska Cooperative Council Education Foundation demonstrates a solid performance in several areas, particularly in its accountability and financial management. With a program expense ratio of 88.56%, the organization efficiently allocates a significant portion of its funds towards its programs, indicating a commitment to fulfilling its mission.
However, while the foundation boasts a fully independent board and has no issues with asset diversion, it has several notable shortcomings. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policies suggest areas for improvement in governance practices. Additionally, the missing tax form on the nonprofit's website may affect transparency for potential donors.
Overall, the Nebraska Cooperative Council Education Foundation shows strengths in financial accountability and program execution but needs to address its governance policies to enhance overall rating and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Nebraska Cooperative Council Education Foundation legitimate?
The Nebraska Cooperative Council Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nebraska Cooperative Council 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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What is the mission statement of The Nebraska Cooperative Council Education Foundation?
The Nebraska Cooperative Council Education Foundation's mission is geared towards encouraging high school graduates to further their education in the agricultural and agribusiness sectors. To achieve this, the foundation provides scholarships and implements school-to-work programs in collaboration with participating Nebraska cooperatives. Additionally, they sponsor and promote continuing education programs within the agricultural and cooperative industries. The primary objective is to foster a workforce equipped with the necessary skills and knowledge in these fields.
What is the revenue of The Nebraska Cooperative Council Education Foundation?
The Nebraska Cooperative Council Education Foundation's revenue in 2024 was $51,484.
Who are the executives of The Nebraska Cooperative Council Education Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Nebraska Cooperative Council Education Foundation?
The Nebraska Cooperative Council Education Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Nebraska Cooperative Council Education Foundation
The Nebraska Cooperative Council Education Foundation, with a mission to encourage high school graduates, aims to inspire these individuals to pursue higher education in the agricultural and agribusiness sectors. The primary objective of this foundation is achieved through the provision of scholarships and the implementation of school-to-work programs in collaboration with participating Nebraska cooperatives. Additionally, the foundation promotes and sponsors continuing education programs in the agricultural and cooperative industries. By doing so, the Nebraska Cooperative Council Education Foundation plays a crucial role in fostering the growth and development of future leaders in the agricultural and agribusiness fields.
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Impact
August, 2024
The Nebraska Cooperative Council Education Foundation's impact can be seen in the support it provides to high school graduates looking to pursue higher education in the agricultural and agribusiness fields. Through scholarships and school-to-work programs with participating Nebraska cooperatives, the foundation encourages students to further their studies in these important sectors. In the 2022 tax year alone, the foundation awarded scholarships to students attending institutions like the University of Nebraska - Lincoln, Nebraska College of Technical Agriculture, and University of Nebraska - Kearney. Additionally, the foundation made charitable donations to organizations such as the Nebraska Future Farmers of America Foundation and the Lincoln Children's Museum, further extending its reach and impact in the community. The foundation's dedication to promoting education in agriculture and cooperatives is reflected in its tangible support for aspiring students and educational institutions.
This information is meant to be a general summary of The Nebraska Cooperative Council 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 2024.
- Investment Income: $35,926
- Gross Receipts: $53,826
Assets and Liabilities:
- Total Assets: $701,699
- Total Liabilities: $0
- Net Assets: $701,699
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Organization Details
Founding Year
2005
Principal Officer
Rocky Weber
NTEE Category
Code: B82 - Education
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