Overview
What is Virginia Beach Public Schools Education Foundation And Subsidiary?
The Virginia Beach Public Schools Education Foundation and Subsidiary is a nonprofit organization located at 641 Carriage Hill Rd, Virginia Beach, VA 23452. Their primary mission is to enhance student achievement in local public schools by funding innovative and creative learning programs. They achieve this by raising private sector support and awarding grants to teachers for their project proposals. In the current year, they distributed 70 grants, each worth up to $20,000, to various schools. These grants support pilot programs initiated by the school system educators, aiming to foster educational excellence.
Official website here: www.vbef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
The Virginia Beach Public Schools Education Foundation has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The foundation scored 92% overall, with a perfect score in several key areas, including independent board membership and financial oversight. This high rating reflects effective governance and a strong financial position.
Strengths of the organization include a fully independent board, which ensures unbiased decision-making, and a high program expense ratio of 94.58%, meaning that a significant portion of its funds is directed towards its programs. Furthermore, there is no material diversion of assets, indicating sound financial practices and integrity in operations.
However, it is worth noting that the foundation lacks a whistleblower policy, which could be a limitation in providing a safe environment for reporting unethical behavior. Overall, the foundation demonstrates a solid financial standing and a commitment to transparency, making it a reliable choice for donors looking to support educational initiatives in Virginia Beach.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Beach Public Schools Education Foundation And Subsidiary legitimate?
Virginia Beach Public Schools Education Foundation And Subsidiary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Beach Public Schools Education Foundation And Subsidiary 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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For more financial information, click here
Official website here: www.vbef.org
What is the mission statement of Virginia Beach Public Schools Education Foundation And Subsidiary?
The Virginia Beach Public Schools Education Foundation and Subsidiary aims to make a significant impact on public schools by securing private sector support. This backing is utilized to fund innovative and creative learning programs and to recognize educational excellence. The foundation achieves this goal by granting funds to support pilot programs initiated by educators within the school system. In the current year, the foundation awarded 70 grants, each ranging up to $20,000, to schools for teacher-led projects aimed at boosting student achievement.
Official website here: www.vbef.org
Who is the CEO of Virginia Beach Public Schools Education Foundation And Subsidiary?
Kevin Hill is the Coordinator of Virginia Beach Public Schools Education Foundation And Subsidiary.
Official website here: www.vbef.org
What is the revenue of Virginia Beach Public Schools Education Foundation And Subsidiary?
Virginia Beach Public Schools Education Foundation And Subsidiary's revenue in 2022 was $475,885.
Official website here: www.vbef.org
Who are the executives of Virginia Beach Public Schools Education Foundation And Subsidiary and what are their salaries?
There 30 volunteers at Virginia Beach Public Schools Education Foundation And Subsidiary.
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Official website here: www.vbef.org
Where can I find the form 990 for Virginia Beach Public Schools Education Foundation And Subsidiary?
Virginia Beach Public Schools Education Foundation And Subsidiary's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vbef.org
Learn more at the official website: www.vbef.org
Mission Statement of Virginia Beach Public Schools Education Foundation And Subsidiary
Virginia Beach Public Schools Education Foundation and Subsidiary is a nonprofit organization committed to making a positive impact on the public schools within Virginia Beach. Their mission, in essence, is to foster innovative and creative learning programs by leveraging support from the private sector. They aim to reward educational excellence by providing grants to fund pilot programs conceived by the school system educators. These grants, which can reach up to $20,000 each, are awarded to schools for projects designed to enhance student achievement. The foundation's role is instrumental in supporting initiatives that enrich the educational experience, ultimately contributing to the overall development of the students.
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Impact
July, 2024
Virginia Beach Public Schools Education Foundation And Subsidiary's impact is significant in the public schools of Virginia Beach. By raising private sector support, the foundation funds innovative and creative learning programs, as well as rewards educational excellence through grants. In the current year, the foundation awarded 70 grants to schools for projects designed by teachers to enhance student achievement. These grants, up to $20,000 each, help support pilot programs run by the school system educators, ultimately making a difference in the education system of Virginia Beach.
This information is meant to be a general summary of Virginia Beach Public Schools Education Foundation And Subsidiary. 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: $232,532
- Gross Receipts: $2,602,622
Assets and Liabilities:
- Total Assets: $2,932,876
- Total Liabilities: $102,275
- Net Assets: $2,830,601
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Organization Details
Founding Year
1991
Phone
(757) 263-1069Principal Officer
Kevin Hill
Main Address
641 CARRIAGE HILL RD, VIRGINIA BEACH, VA, 23452
Website
www.vbef.orgNTEE Category
Code: B99Z - Education
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