Overview
What is Fund For Educational Excellence Inc?
The Fund for Educational Excellence Inc, based in Baltimore, Maryland, serves as a fiscal sponsor for various mission-aligned local nonprofit organizations and community programs. With a staff of 207 employees, they offer high-level financial and grant management expertise to help their clients effectively manage their budgets and report finances. In doing so, they enable these organizations to focus on their programmatic goals, which often involve innovative educational reforms and expanding student access to high-quality education. The Fund for Educational Excellence aims to secure the resources necessary to support policies and practices that increase achievement for Baltimore City Public School students.
Official website here: www.ffee.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
Fund For Educational Excellence Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored highly in various areas, including a perfect score for independent board member composition and financial oversight, indicating robust governance practices. With a program expense ratio of 96.41%, nearly all of their resources are directed toward their mission, demonstrating effective use of funds.
The charity also exhibits exemplary transparency and adherence to best practices, with policies in place for conflict of interest, whistleblower protections, and document retention. Additionally, there are no reported issues related to the diversion of assets, further underscoring their reliability. Their fundraising efficiency is notable, costing only $0.01 to raise a dollar, showcasing a highly effective approach to resource mobilization.
While the organization shows remarkable strengths in financial management and governance, it is essential for potential donors and stakeholders to remain engaged and informed about ongoing efforts and program outcomes. Overall, Fund For Educational Excellence Inc is well-positioned as a trustworthy nonprofit dedicated to educational advancement.
This AI summary has been generated from information found on Charity Navigator.
Is Fund For Educational Excellence Inc legitimate?
Fund For Educational Excellence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund For Educational Excellence 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: $646,831
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,151,722
For more financial information, click here
Official website here: www.ffee.org
What is the mission statement of Fund For Educational Excellence Inc?
The Fund for Educational Excellence is dedicated to providing resources, identifying solutions, and recognizing excellence to ensure effective and equitable education for all students in Baltimore City public schools. Their mission is to secure the necessary financial, human, and knowledge resources to support policies and practices that increase achievement for these students. Acting as a fiscal sponsor, the organization offers high-level financial and grant management expertise to mission-aligned local nonprofits and community programs. By managing their financial and human resources, the Fund enables these organizations to focus on their programmatic goals, often involving innovative educational reforms and expanding student access to high-quality education.
Official website here: www.ffee.org
Who is the CEO of Fund For Educational Excellence Inc?
Chuck Adkins is the President & Ceo of Fund For Educational Excellence Inc. The CEO's salary of Fund For Educational Excellence Inc is $188,400 and their total compensation is $189,873.
Official website here: www.ffee.org
What is the revenue of Fund For Educational Excellence Inc?
Fund For Educational Excellence Inc's revenue in 2022 was $23,197,789.
Official website here: www.ffee.org
Who are the executives of Fund For Educational Excellence Inc and what are their salaries?
The average compensation at Fund For Educational Excellence Inc during 2022 was $28,012. There are 207 employees at Fund For Educational Excellence Inc.
Here are 28 key members and their salaries (Fund For Educational Excellence Inc's CEO's salary is $188,400 and their total compensation is $189,873):
- Compensation: $215,289
- Related: $0
- Other: $1,301
- Compensation: $188,400
- Related: $0
- Other: $1,473
- Compensation: $167,628
- Related: $0
- Other: $5,165
- Compensation: $145,375
- Related: $0
- Other: $1,748
- Compensation: $139,727
- Related: $0
- Other: $4,428
- Compensation: $124,548
- Related: $0
- Other: $5,231
- Compensation: $125,482
- Related: $0
- Other: $3,371
- Compensation: $119,899
- Related: $0
- Other: $7,017
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Official website here: www.ffee.org
Where can I find the form 990 for Fund For Educational Excellence Inc?
Fund For Educational Excellence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffee.org
Learn more at the official website: www.ffee.org
Mission Statement of Fund For Educational Excellence Inc
The Fund for Educational Excellence, a renowned organization, is committed to securing the financial, human, and knowledge resources essential for effective and equitable education in Baltimore City Public Schools. Through its mission, the Fund identifies and accelerates solutions, expands resources, and recognizes excellence to ensure all students experience a high-quality education.
Acting as a fiscal sponsor, the Fund for Educational Excellence provides high-level financial and grant management expertise to various mission-aligned local nonprofits and community programs. By handling the organizations' financial and human resource operations, the Fund enables them to focus on their programmatic goals, which frequently involve innovative educational reforms and expanding student access to quality education. The Fund collaborates closely with donors and partners, ensuring that resources are used in accordance with grant guidelines and reports are disseminated to appropriate stakeholders. This partnership allows organizations to thrive and make a significant impact on Baltimore City's educational landscape.
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Impact
October, 2024
The Fund For Educational Excellence Inc significantly impacts the educational landscape for students in Baltimore City Public Schools. By expanding resources and accelerating solutions, it ensures that all children have access to effective and equitable education. Its role as a fiscal sponsor provides vital financial and grant management expertise to various local programs, allowing them to concentrate on their educational missions.
Through detailed budget management and financial reporting, the Fund enhances the operational capacity of mission-aligned organizations. This support empowers these organizations to implement innovative reforms and improve student access to high-quality educational opportunities. By collaborating closely with donors and partners, the Fund helps to align efforts and resources, ensuring that programs meet their goals and operate under strict guidelines.
Ultimately, the Fund For Educational Excellence Inc plays a crucial role in securing the necessary resources—financial, human, and knowledge-based—to foster increased achievement among students in Baltimore, paving the way for a brighter educational future.
This information is meant to be a general summary of Fund For Educational Excellence 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: $20,316
- Program Service Revenue: $2,067,187
- Gross Receipts: $23,197,789
Assets and Liabilities:
- Total Assets: $38,110,666
- Total Liabilities: $1,857,686
- Net Assets: $36,252,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUE FROM CONTRACTS
Revenue
$2,067,187
Organization Details
Founding Year
1984
Phone
(410) 685-8300Principal Officer
Chuck Adkins
Main Address
800 NORTH CHARLES STREET 400, BALTIMORE, MD, 21201
Website
www.ffee.orgNTEE Category
Code: B20 - Education
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