Overview
What is Foundations In Education Inc?
Foundations In Education Inc, located at 238 Jewett Avenue, Bridgeport, Connecticut, is a nonprofit organization dedicated to enhancing Catholic education in the Diocese of Bridgeport. Their primary mission is to foster innovation in educational programs and provide professional development opportunities for school leaders. Furthermore, they offer scholarship assistance to families in financial need, thereby ensuring equal access to quality education. With a team of four dedicated individuals, Foundations In Education Inc plays a vital role in strengthening and transforming the educational landscape within their diocese.
Official website here: www.foundationsineducation.org
What are the reviews and ratings of this charity?
Foundations In Education Inc has earned an impressive Four-Star out of Four Star rating from Charity Navigator, with a score of 97%. This high score reflects its excellence in various areas, particularly in Accountability & Finance, which makes up the bulk of the scoring criteria and is rated at a perfect 100. The organization demonstrates robust financial health and transparency, underscored by a strong governance structure, complete with independent board members and comprehensive policies.
The organization excels in strategic financial management, evidenced by a low liabilities-to-assets ratio and an outstanding program expense ratio, ensuring that 94.36% of its expenses are directed towards programs. Foundations In Education Inc maintains high fundraising efficiency and a solid working capital ratio, highlighting sustainability and effective resource allocation. This points to a well-run organization that successfully channels donor contributions directly to its mission of providing substantial tuition assistance to students.
Although the Culture & Community score stands at a more moderate 73, the nonprofit shows commendable leadership and adaptability. During the Covid pandemic, the organization navigated challenges effectively, transitioning to remote work and hybrid fundraising. Foundations In Education Inc has clear strategic goals aimed at expanding its impact, and it also evidences a commitment to staff development, further strengthening its organizational capabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Foundations In Education Inc legitimate?
Foundations In Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundations In Education 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: $165,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,929
For more financial information, click here
Official website here: www.foundationsineducation.org
What is the mission statement of Foundations In Education Inc?
Foundations In Education Inc's mission is centered around enhancing and redefining the role of Catholic education within the Diocese of Bridgeport. The organization strives to achieve this by implementing innovative academic and extracurricular programs, promoting the growth and development of school leaders through professional training, and offering financial aid to families in need to ensure equitable access to quality education.
Official website here: www.foundationsineducation.org
Who is the CEO of Foundations In Education Inc?
Holly Doherty-Lemoine is the Executive Director of Foundations In Education Inc.
Official website here: www.foundationsineducation.org
What is the revenue of Foundations In Education Inc?
Foundations In Education Inc's revenue in 2022 was $11,526,982.
Official website here: www.foundationsineducation.org
Who are the executives of Foundations In Education Inc and what are their salaries?
The average compensation at Foundations In Education Inc during 2022 was $85,076. There are 4 employees and 20 volunteers at Foundations In Education Inc.
Here are 22 key members and their salaries:
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Official website here: www.foundationsineducation.org
Where can I find the form 990 for Foundations In Education Inc?
Foundations In Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationsineducation.org
Learn more at the official website: www.foundationsineducation.org
Mission Statement of Foundations In Education Inc
Foundations In Education Inc, a nonprofit organization, is committed to enhancing and redefining the role of Catholic education within the Diocese of Bridgeport. Their mission is twofold: firstly, to foster innovation in both academic and extracurricular programs within these educational institutions. This involves introducing fresh ideas and approaches to teaching and learning, ensuring that Catholic education remains relevant and effective in the contemporary educational landscape.
Secondly, Foundations In Education Inc focuses on the professional development of school leaders. By providing them with the necessary tools, training, and support, the organization aims to empower these leaders to implement sustainable models of education that align with the organization's mission. This not only improves the overall quality of education but also equips these leaders to navigate the challenges of the modern educational landscape.
Lastly, the organization extends its support to families in financial need by offering scholarship assistance. This initiative ensures that affordable Catholic education remains accessible to all, thereby upholding the principles of inclusivity and equity. By strengthening and transforming the mission of Catholic education, Foundations In Education Inc is instrumental in shaping the future of education in the Diocese of Bridgeport.
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Impact
July, 2024
Foundations In Education Inc plays a vital role in enhancing Catholic education in the Diocese of Bridgeport. They support innovation in academic and extracurricular programs, provide professional development opportunities for school leaders, and offer scholarship assistance to families in need. Through these initiatives, Foundations In Education Inc has a significant impact on the educational experience of students, the growth of educators, and the accessibility of quality education for all in the community. Their focus on strengthening and transforming the mission of Catholic education makes them a valuable pillar in the educational landscape of Bridgeport, CT.
This information is meant to be a general summary of Foundations In Education 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: $1,415,578
- Gross Receipts: $15,919,131
Assets and Liabilities:
- Total Assets: $36,181,181
- Total Liabilities: $3,097,704
- Net Assets: $33,083,477
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Organization Details
Founding Year
2015
Phone
(203) 416-1642Principal Officer
Holly Doherty-Lemoine
Main Address
238 Jewett Avenue, Bridgeport, CT, 066062845
NTEE Category
Code: T12 - Philanthropy
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