Overview
What is Lynchburg City Schools Education Foundation Inc?
Lynchburg City Schools Education Foundation Inc is a nonprofit organization based in Lynchburg, Virginia. Their primary mission is to promote excellence and equity in the Lynchburg City Schools by providing educational funding and advocating for relevant causes. They achieve this by offering grants to teachers, enabling them to cover additional expenses for enriching activities for their students. With a modest workforce of three individuals, the foundation contributes to the overall development and learning experiences of students within the Lynchburg City Schools system.
Official website here: www.lcsedu.net/community/education-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Lynchburg City Schools Education Foundation Inc has demonstrated exceptional performance, earning a Four-Star rating from Charity Navigator, with a 97% overall score. This rating is primarily based on the organization's strong accountability and financial practices, highlighting its commitment to transparency and sound management. The foundation's fiscal responsibility is evident from its impressive program expense ratio of 84.15%, indicating that the majority of funds are directed toward its educational initiatives.
The foundation boasts a highly independent board, with 88% of its members being independent, which contributes to its strong governance. Additionally, the organization adheres to best practices by having comprehensive policies in place, including conflict of interest and whistleblower policies. Their liability to assets ratio of just 0.19% further emphasizes their solid financial position, suggesting prudent management of resources.
While the foundation excels in accountability and financial health, it is important for potential donors and stakeholders to consider the impact of its programs and initiatives on the community. Overall, Lynchburg City Schools Education Foundation Inc stands out as a well-managed organization dedicated to supporting education in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Lynchburg City Schools Education Foundation Inc legitimate?
Lynchburg City Schools Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynchburg City Schools Education Foundation 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: $44,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,028
For more financial information, click here
Official website here: www.lcsedu.net/community/education-foundation
What is the mission statement of Lynchburg City Schools Education Foundation Inc?
The Lynchburg City Schools Education Foundation Inc is dedicated to promoting excellence and equity in education by advocating and providing educational funding. Their mission is to enhance the learning experience of students by providing grants to teachers, covering the costs of additional activities. This organization strives to create a conducive learning environment, ensuring that every student has an equal opportunity to thrive academically. By advocating for educational needs and funding, they aim to foster a stronger educational system.
Official website here: www.lcsedu.net/community/education-foundation
Who is the CEO of Lynchburg City Schools Education Foundation Inc?
Julie Doyle is the Immediate Past President of Lynchburg City Schools Education Foundation Inc.
Official website here: www.lcsedu.net/community/education-foundation
What is the revenue of Lynchburg City Schools Education Foundation Inc?
Lynchburg City Schools Education Foundation Inc's revenue in 2023 was $457,542.
Official website here: www.lcsedu.net/community/education-foundation
Who are the executives of Lynchburg City Schools Education Foundation Inc and what are their salaries?
The average compensation at Lynchburg City Schools Education Foundation Inc during 2023 was $22,470. There are 3 employees and 25 volunteers at Lynchburg City Schools Education Foundation Inc.
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Official website here: www.lcsedu.net/community/education-foundation
Where can I find the form 990 for Lynchburg City Schools Education Foundation Inc?
Lynchburg City Schools Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lcsedu.net/community/education-foundation
Learn more at the official website: www.lcsedu.net/community/education-foundation
Mission Statement of Lynchburg City Schools Education Foundation Inc
Lynchburg City Schools Education Foundation Inc is dedicated to advancing excellence and equity in the local educational system. The nonprofit organization achieves this mission through advocacy and educational funding. It strives to enhance the learning experiences of students in Lynchburg City Schools by providing grants to teachers to cover the costs associated with additional activities. This enables teachers to create engaging learning opportunities for their students, ultimately contributing to a more enriching educational environment.
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Impact
July, 2024
Lynchburg City Schools Education Foundation Inc has a significant impact on Lynchburg City Schools by advancing excellence and equity through advocacy and educational funding. By providing grants to teachers to reimburse for the cost of additional activities for students, the foundation directly supports enhanced learning opportunities within the school district. This tangible support helps improve the overall educational experience for students in Lynchburg, VA, fostering a more equitable and enriched environment for their academic growth and development.
This information is meant to be a general summary of Lynchburg City Schools Education Foundation 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: $6,692
- Gross Receipts: $466,497
Assets and Liabilities:
- Total Assets: $982,225
- Total Liabilities: $1,889
- Net Assets: $980,336
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Organization Details
Founding Year
1985
Phone
(434) 515-5081Principal Officer
Julie Doyle
Main Address
PO BOX 2497, LYNCHBURG, VA, 245052497
NTEE Category
Code: B84 - Education
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