Overview
What is Education Fund Of Northern Nevada?
The Education Fund of Northern Nevada is a nonprofit organization situated in Reno, Nevada, with an address at 3025 Mills Street. Their primary mission is to provide scholarships to students attending schools within Nevada, adhering to the educational choice scholarship program established under Assembly Bill 165 of the 2015 Nevada Legislature. During 2022, the organization awarded 113 scholarships. The program services expenses include insurance, office services, and scholarship grants to qualifying schools for qualified individuals, totaling $665,492.40. The organization is dedicated to enhancing the educational opportunities for Nevada students by providing financial assistance through scholarships.
Official website here: www.efnn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Education Fund of Northern Nevada has received a Three-Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization’s rating is bolstered by a perfect score in several categories, including independent board members and a lack of material diversion of assets. This emphasis on strong governance suggests a responsible financial management approach.
The organization demonstrates a robust accountability structure, with 100% of its board members being independent and a clear conflict of interest policy in place. However, it is noted that the organization is missing a whistleblower policy and a document retention and destruction policy, which are areas for potential improvement in transparency and governance practices.
Despite these limitations, the Education Fund of Northern Nevada shows a commendable focus on its program expenses, as evidenced by a 100% program expense ratio. This indicates that all funds are directed towards programs rather than administrative costs, showcasing its dedication to fulfilling its mission to support education in the region.
This AI summary has been generated from information found on Charity Navigator.
Is Education Fund Of Northern Nevada legitimate?
Education Fund Of Northern Nevada is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Fund Of Northern Nevada 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.efnn.org
What is the mission statement of Education Fund Of Northern Nevada?
The Education Fund of Northern Nevada is an organization with a mission to provide scholarships for students attending schools in Nevada. This mission is in line with the Educational Choice Scholarship Program, as outlined in Assembly Bill 165 of the 2015 Nevada Legislature. In 2022, the fund awarded 113 scholarships, all aligning with its mission and application for tax-exempt status. The organization's focus is solely on providing scholarships that comply with the Nevada Educational Choice Scholarship Program. The fund's activities are strictly guided by this mission, and in 2022, it allocated $665,492.40 for scholarship grants to qualifying schools for eligible individuals. The organization's expenses also include insurance and office services.
Official website here: www.efnn.org
Who is the CEO of Education Fund Of Northern Nevada?
Christopher Benna is the President/Trustee of Education Fund Of Northern Nevada.
Official website here: www.efnn.org
What is the revenue of Education Fund Of Northern Nevada?
Education Fund Of Northern Nevada's revenue in 2022 was $1,347,753.
Official website here: www.efnn.org
Who are the executives of Education Fund Of Northern Nevada and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.efnn.org
Where can I find the form 990 for Education Fund Of Northern Nevada?
Education Fund Of Northern Nevada's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.efnn.org
Learn more at the official website: www.efnn.org
Mission Statement of Education Fund Of Northern Nevada
The Education Fund of Northern Nevada, a nonprofit organization, is dedicated solely to enhancing the educational opportunities of students attending schools within Nevada. Its primary focus is on providing scholarships, following the guidelines established by the Educational Choice Scholarship Program under Assembly Bill 165 of the 2015 Nevada Legislature. The organization's mission is to serve the educational needs of Nevada's pupils by offering scholarships that adhere to these program guidelines. The Education Fund of Northern Nevada meticulously manages its resources, ensuring that scholarships are awarded in accordance with its mission statement and as outlined in its application for tax-exempt status. The organization's activities during 2022 included providing scholarships, with related expenses such as insurance and office services also included in its program service expenses. In addition, the organization distributed a substantial amount of scholarship grants to qualifying schools for eligible individuals.
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Impact
July, 2024
Education Fund Of Northern Nevada's impact is significant as it provides scholarships to students attending Nevada schools through the educational choice scholarship program under Assembly Bill 165 of the 2015 Nevada Legislature. In 2022, the organization awarded 113 scholarships to deserving individuals, totaling $665,492.40 in scholarship grants to qualifying schools. By supporting students in pursuing their education, the organization plays a vital role in promoting educational opportunities and academic advancement in Nevada.
This information is meant to be a general summary of Education Fund Of Northern Nevada. 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: $7,711
- Gross Receipts: $1,347,753
Assets and Liabilities:
- Total Assets: $4,463,107
- Total Liabilities: $0
- Net Assets: $4,463,107
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Organization Details
Founding Year
2015
Phone
(775) 384-2627Principal Officer
Christopher Benna
Main Address
3025 MILL ST, RENO, NV, 89502
Website
www.efnn.orgNTEE Category
Code: B82 - Education
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