Overview
What is Loudoun Education Foundation Inc?
Loudoun Education Foundation Inc, situated in Ashburn, Virginia, is a dedicated nonprofit organization that invests community resources into educational projects. Their primary mission is to foster educational excellence among students, teachers, and administrators in Loudoun County Public Schools. They achieve this by granting funds for innovative academic projects, which may include supplementing teaching methods, promoting multicultural education, supporting parent groups, and funding specialized programs. These grants aim to celebrate individuals who excel in their educational pursuits.
Official website here: www.loudouneducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Loudoun Education Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The organization has achieved a perfect score in several key areas, including having a fully independent board and a robust financial oversight mechanism, which indicates effective governance and transparency.
The foundation's high program expense ratio of 93.67% demonstrates its commitment to directing funds towards its mission, rather than administrative costs. Additionally, the organization has a low liabilities to assets ratio of 1.19%, suggesting a stable financial position. However, it has been noted that the foundation is missing policies concerning conflict of interest, whistleblower provisions, and document retention, which may be areas for improvement in governance practices.
Overall, the Loudoun Education Foundation Inc stands out for its operational efficiency and strong financial oversight, promoting trust among donors. Addressing the noted policy gaps could further enhance its accountability and strengthen its reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Loudoun Education Foundation Inc legitimate?
Loudoun Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loudoun 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: $27,684
Professional Fundraising Fees: $0
Other Salaries and Wages: $212,102
For more financial information, click here
Official website here: www.loudouneducationfoundation.org
What is the mission statement of Loudoun Education Foundation Inc?
The Loudoun Education Foundation Inc's mission is centered around investing community resources into educational projects. This initiative encourages students, teachers, and school administrators in the public school system to strive for educational excellence and celebrates those who achieve it. The foundation provides grants for innovative academic projects, with categories including classroom enhancements, multicultural education, parent support, and specialized programs. The grants aim to supplement and enrich the standard curriculum, promote cultural understanding, reward academic achievement, and support specialized programs.
Official website here: www.loudouneducationfoundation.org
Who is the CEO of Loudoun Education Foundation Inc?
Myshel Guillory is the President of Loudoun Education Foundation Inc.
Official website here: www.loudouneducationfoundation.org
What is the revenue of Loudoun Education Foundation Inc?
Loudoun Education Foundation Inc's revenue in 2022 was $5,193,618.
Official website here: www.loudouneducationfoundation.org
Who are the executives of Loudoun Education Foundation Inc and what are their salaries?
There 16 volunteers at Loudoun Education Foundation Inc.
Here are 20 key members and their salaries:
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Official website here: www.loudouneducationfoundation.org
Where can I find the form 990 for Loudoun Education Foundation Inc?
Loudoun Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loudouneducationfoundation.org
Learn more at the official website: www.loudouneducationfoundation.org
Mission Statement of Loudoun Education Foundation Inc
Loudoun Education Foundation Inc is an organization dedicated to investing community resources into educational projects that inspire students, teachers, and administrators in Loudoun County Public Schools to strive for educational excellence and celebrate those who achieve it. Their mission is threefold: firstly, they invest in projects that encourage educational excellence, fostering an environment where students, teachers, and administrators can thrive. Secondly, they celebrate those individuals who have achieved such excellence, recognizing their efforts and accomplishments.
In practice, Loudoun Education Foundation Inc implements this mission through various grant programs. They provide financial support to teachers, administrators, and parent support organizations for innovative academic projects. These grants can take several forms, such as classroom grant awards to teachers to supplement and enhance their teaching methods, multicultural grants to help schools implement programs on multicultural education, parent support group grants to reward academic achievement, and special program grants for specialized programs like art purchases, social science fairs, and summer school grants. By offering these grants, Loudoun Education Foundation Inc is not only investing in educational projects but also fostering a culture of excellence and recognition within the educational community.
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Impact
July, 2024
The impact of Loudoun Education Foundation Inc is evident in its dedication to investing community resources in educational projects that inspire students, teachers, and administrators of Loudoun County Public Schools to pursue educational excellence. Through their grant programs, they support innovative academic projects that enhance the standard curriculum and teaching methods. These grants include classroom awards for teachers, multicultural grants to promote diversity education, parent support group grants to reward academic achievement, and special program grants for unique initiatives such as art purchases and summer school programs. Overall, Loudoun Education Foundation Inc plays a vital role in fostering educational excellence and celebrating the achievements of individuals within the Loudoun County school community.
This information is meant to be a general summary of Loudoun 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 2022.
- Investment Income: $10,517
- Gross Receipts: $5,390,817
Assets and Liabilities:
- Total Assets: $3,829,571
- Total Liabilities: $31,636
- Net Assets: $3,797,935
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Organization Details
Founding Year
1991
Phone
(571) 252-1102Principal Officer
Myshel Guillory
Main Address
21000 EDUCATION COURT, ASHBURN, VA, 20148
NTEE Category
Code: T20Z - Philanthropy
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