Overview
What is Hanover Education Foundation?
The Hanover Education Foundation is a nonprofit organization situated in Ashland, Virginia, specifically at 200 Berkley Street. Their primary mission is to boost educational opportunities for students in Hanover County, Virginia, by awarding scholarships. To accomplish this goal, they aim to supplement existing tax and grant-based funds, providing exceptional educational experiences and chances for local students beyond what is typically available. The foundation's work is dedicated to enriching the educational landscape in Hanover County, thereby empowering students to reach their full potential.
Official website here: www.hefhanover.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating.
The Hanover Education Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This score is solely derived from their Accountability & Finance metrics, indicating a strong focus on responsible financial management and transparency. The foundation has achieved notable scores in various categories, such as having a fully independent board and excellent oversight of financial statements.
Strengths of the organization include a high percentage of program expenses at 82.23%, which demonstrates effective allocation of resources towards their mission. Furthermore, the foundation scored a perfect 10 out of 10 for having no material diversion of assets, ensuring that all funds are utilized appropriately. The presence of comprehensive board meeting minutes and a listed website on their tax form also highlight their commitment to accountability.
However, the foundation does have some limitations, including the absence of critical policies such as conflict of interest and whistleblower policies. These gaps may affect the organization's overall governance framework, signaling an area for improvement. Despite these shortcomings, the Hanover Education Foundation's strong accountability measures and financial practices suggest a solid foundation for continued positive impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hanover Education Foundation legitimate?
Hanover Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanover 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.
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Official website here: www.hefhanover.com
What is the mission statement of Hanover Education Foundation?
The Hanover Education Foundation's mission is to enhance educational opportunities for students. To accomplish this, they aim to significantly augment existing funding sources, going beyond tax and grant-based funds. This additional support allows students in Hanover County to benefit from exceptional opportunities and experiences. One of their key activities is awarding scholarships to students, further enriching their educational journey.
Official website here: www.hefhanover.com
Who is the CEO of Hanover Education Foundation?
Margaret Hill is the President of Hanover Education Foundation.
Official website here: www.hefhanover.com
What is the revenue of Hanover Education Foundation?
Hanover Education Foundation's revenue in 2022 was $552,749.
Official website here: www.hefhanover.com
Who are the executives of Hanover Education Foundation and what are their salaries?
There 10 volunteers at Hanover Education Foundation.
Here are 13 key members and their salaries:
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Official website here: www.hefhanover.com
Where can I find the form 990 for Hanover Education Foundation?
Hanover Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hefhanover.com
Learn more at the official website: www.hefhanover.com
Mission Statement of Hanover Education Foundation
The Hanover Education Foundation, a nonprofit organization, is committed to enhancing educational opportunities for students in Hanover County, Virginia. Their mission is to substantially augment the existing tax and grant-based funds, aiming to provide the area's students with unparalleled opportunities and experiences beyond what is typically available. To achieve this, the foundation awards scholarships to deserving students, thereby extending their educational possibilities. By fostering these scholarship programs, the Hanover Education Foundation is instrumental in empowering young minds, opening new doors, and enriching their educational journeys.
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Impact
July, 2024
Hanover Education Foundation significantly enhances educational opportunities for students in Hanover County, Virginia. Through its scholarship program, the foundation awards scholarships to students, providing them with the means to pursue higher education and broaden their academic horizons. By doing so, the foundation plays a crucial role in empowering students and enabling them to access educational opportunities that may have otherwise been out of reach. This commitment to supporting students in their educational pursuits contributes to the overall growth and development of the community in Hanover County.
This information is meant to be a general summary of Hanover 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 2022.
- Investment Income: $231,911
- Gross Receipts: $1,680,613
Assets and Liabilities:
- Total Assets: $4,181,076
- Total Liabilities: $0
- Net Assets: $4,181,076
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Organization Details
Founding Year
1989
Phone
(804) 365-4565Principal Officer
Margaret Hill
Main Address
200 BERKLEY STREET, ASHLAND, VA, 230051302
Website
www.hefhanover.comNTEE Category
Code: B99Z - Education
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