Overview
What is Windom Educational Honor Loans Inc?
Windom Educational Honor Loans Inc is a nonprofit organization situated in Windom, Minnesota. Its primary mission is to award educational loans to deserving high school graduates hailing from Windom Area High School. The corporation's aim is to provide academic scholarships to these qualified individuals, enabling them to pursue higher education. The organization operates within the city of Windom, Minnesota, contributing to the educational growth and development of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Windom Educational Honor Loans Inc has achieved a score of 73% overall, indicating a moderate level of accountability and financial health. The organization excels in areas such as having a majority independent board, a well-sized board, and a strong program expense ratio, which reflects its commitment to directing funds towards its mission. These strengths suggest that the organization is likely effective in its operations and governance.
However, several key areas raise concerns regarding the organization's transparency and policy framework. Notably, there is a lack of a conflict of interest policy, a whistleblower policy, and documentation retention policies, which are critical for ensuring ethics and accountability. Additionally, the nonprofit has not posted its tax form on its website, which limits public access to important financial information.
Overall, while Windom Educational Honor Loans Inc demonstrates strengths in governance and program spending, its missing policies and transparency measures detract from its overall score. Potential donors and stakeholders should consider these factors when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Windom Educational Honor Loans Inc legitimate?
Windom Educational Honor Loans Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Windom Educational Honor Loans 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: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Windom Educational Honor Loans Inc?
Windom Educational Honor Loans Inc's mission is centered around providing academic scholarships to qualified individuals. Specifically, their purpose is to support students who have graduated from Windom Area High School, enabling them to pursue higher education. The corporation aims to award honor loans to these students, thereby contributing to their educational aspirations. This non-profit organization's primary objective is to empower young individuals with the financial means to further their education.
What is the revenue of Windom Educational Honor Loans Inc?
Windom Educational Honor Loans Inc's revenue in 2023 was $31,289.
Who are the executives of Windom Educational Honor Loans Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Windom Educational Honor Loans Inc?
Windom Educational Honor Loans Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Windom Educational Honor Loans Inc
Windom Educational Honor Loans Inc, a nonprofit organization, is dedicated to providing academic scholarships to qualified graduates from Windom Area High School. Their mission is to support these students in pursuing higher education by offering honor loans. This corporation aims to contribute to the educational growth and development of talented individuals from Windom Area High School, thereby empowering them to reach their full potential in their chosen fields.
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Impact
August, 2024
Windom Educational Honor Loans Inc's impact is felt directly within the community of Windom, Minnesota. By providing academic scholarships to qualified graduates of Windom Area High School, the organization is enabling students to pursue higher education and achieve their academic goals. This support not only benefits the individual recipients by easing their financial burden but also contributes to the overall educational advancement and development of the local community. In doing so, Windom Educational Honor Loans Inc plays a crucial role in fostering a culture of learning, achievement, and opportunity for students in Windom and helping them reach their full potential.
This information is meant to be a general summary of Windom Educational Honor Loans 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 2023.
- Investment Income: $8,546
- Gross Receipts: $31,641
Assets and Liabilities:
- Total Assets: $285,374
- Total Liabilities: $0
- Net Assets: $285,374
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Organization Details
Founding Year
2014
Principal Officer
Dennis Johnson
NTEE Category
Code: T30 - Philanthropy
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