Overview
What is Lake Placid Education Foundation?
Lake Placid Education Foundation is a nonprofit organization based in Lake Placid, New York. Their primary purpose is to provide grants to schools, both public and private, to cover various needs such as scholarships, equipment, operating expenses, and special projects. This includes supporting libraries, arts and cultural organizations, particularly those linked with educational institutions and contributing to general public education. They also offer restoration programs for educators and librarians, providing them with an opportunity for quiet study and relaxation away from their regular work environment. Furthermore, the foundation seeds new ideas in the fields of education and library science, aiding organizations in starting new projects and fostering innovation in various ways.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% - Three-Star out of Four Star rating
The Lake Placid Education Foundation has received an 80% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived solely from the Accountability & Finance beacon, suggesting that the organization excels in these areas. Notably, the foundation boasts a perfect score for independent board membership and has no reported asset diversions, reflecting strong governance practices.
In terms of operational efficiency, the foundation demonstrates an impressive program expense ratio of 91.15%, indicating that a significant majority of its expenditures are directed towards its educational programs. This high percentage underscores the organization's commitment to its mission of supporting education within the Lake Placid community.
However, while the foundation shows strength in accountability and program expenses, the data does not provide insights into its overall impact or program effectiveness. Potential donors and stakeholders may want to consider this aspect when evaluating the foundation's contributions to the community's educational needs.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Placid Education Foundation legitimate?
Lake Placid Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Placid 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Lake Placid Education Foundation?
The Lake Placid Education Foundation provides grants to schools, both public and private, for various purposes such as scholarships, equipment, operating expenses, and special needs. Libraries are also supported through grants for collection additions, special studies, staff training, operations, and equipment. Arts and cultural organizations are aided for educational activities, particularly those linked with educational institutions and those that relate to general public education. Restoration programs are provided to give educators and librarians the opportunity to renew themselves through quiet study and relaxation away from their usual work environment. The foundation also encourages the study of new ideas in the areas of education and library science, helping organizations start new projects and fostering innovation in various ways.
Who is the CEO of Lake Placid Education Foundation?
John Rosenthal is the President of Lake Placid Education Foundation.
What is the revenue of Lake Placid Education Foundation?
Lake Placid Education Foundation's revenue in 2023 was $0.
Who are the executives of Lake Placid Education Foundation and what are their salaries?
There 11 volunteers at Lake Placid Education Foundation.
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Where can I find the form 990 for Lake Placid Education Foundation?
Lake Placid Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake Placid Education Foundation
Lake Placid Education Foundation, a nonprofit organization, grants funds to both public and private schools for various purposes. These funds can be used for scholarships, equipment, operating expenses, or other special needs. Additionally, libraries are supported through grants for collection additions, special studies, staff training, operations, and equipment. The foundation also aids arts and cultural organizations for educational activities, particularly those linked with educational institutions and those related to general public education. Moreover, Lake Placid Education Foundation offers restoration programs that provide educators and librarians with an opportunity to renew themselves through quiet study and relaxation away from their usual work environment. Lastly, the foundation seeds the study of new ideas in the areas of education and library science, helping organizations start new projects and fostering innovation in various ways.
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Impact
October, 2024
The Lake Placid Education Foundation profoundly enhances educational opportunities in the community by providing targeted grants to both public and private schools. These grants support a range of needs, from scholarships and equipment purchases to funding for operating expenses and specialized programs. Libraries benefit as well, receiving financial assistance for collection expansions, staff training, and operational costs, thereby fostering a richer learning environment.
In the arts and cultural sector, the foundation aids organizations in launching educational activities that connect with local schools and the broader public education system. Furthermore, its restoration initiatives offer educators and librarians a chance to rejuvenate through quiet study and relaxation, which is crucial for maintaining their passion and effectiveness in their roles.
Additionally, the foundation sows the seeds for innovation by funding the exploration of new ideas within education and library science. This support helps initiate new projects, encouraging creative approaches to teaching and learning. In doing so, the Lake Placid Education Foundation not only addresses immediate educational needs but also lays the groundwork for sustainable growth and development in the region's educational landscape.
This information is meant to be a general summary of Lake Placid 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 2023.
Assets and Liabilities:
- Total Assets: $7,274,881
- Total Liabilities: $0
- Net Assets: $7,274,881
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Organization Details
Founding Year
2014
Phone
(518) 523-9904Principal Officer
John Rosenthal
Main Address
PO BOX 288, LAKE PLACID, NY, 12946
NTEE Category
Code: T20 - Philanthropy
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