Overview
What is Isle Of Wight County Educational Foundation Inc?
Isle of Wight County Educational Foundation Inc, based in Isle of Wight, Virginia, is a dedicated nonprofit organization with a mission centered around educational services for children. As an educational service provider, their primary focus is to contribute positively to the development and well-being of local children. The organization's activities are aligned with this mission, providing essential support in the educational field. While the specifics of their services are not detailed in the provided information, it is clear that their commitment lies in the betterment of children's education in Isle of Wight County, VA.
Official website here: www.icacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The Isle Of Wight County Educational Foundation Inc has received a solid Three-Star rating from Charity Navigator, with a score of 84%. This rating is based solely on their Accountability & Finance, indicating that while the organization demonstrates a good level of financial transparency and governance, there are areas needing improvement.
The foundation excels in having a fully independent board, ensuring strong oversight, and maintaining a solid program expense ratio of 85.37%, which indicates that a significant portion of their expenses goes directly to their programs. However, they lack several key policies such as a conflict of interest policy, a whistleblower policy, and document retention policy, which are essential for robust governance.
Despite these limitations, the organization shows promise through its financial practices. They have no reported material diversions of assets and maintain a favorable liabilities to assets ratio of 23.34%. Addressing the noted policy gaps could further enhance their accountability and overall effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Isle Of Wight County Educational Foundation Inc legitimate?
Isle Of Wight County Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isle Of Wight County Educational 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: $3,373,102
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.icacademy.com
What is the mission statement of Isle Of Wight County Educational Foundation Inc?
The Isle of Wight County Educational Foundation serves as an educational organization with a primary focus on children. Their mission, in essence, is dedicated to delivering educational services. This mission aims to positively impact the lives of children, ensuring they have access to quality educational resources and opportunities. The foundation's activities are centered around this mission, striving to make a significant difference in the educational landscape for children.
Official website here: www.icacademy.com
Who is the CEO of Isle Of Wight County Educational Foundation Inc?
Michael King is the Principal Officer of Isle Of Wight County Educational Foundation Inc.
Official website here: www.icacademy.com
What is the revenue of Isle Of Wight County Educational Foundation Inc?
Isle Of Wight County Educational Foundation Inc's revenue in 2022 was $5,411,642.
Official website here: www.icacademy.com
Who are the executives of Isle Of Wight County Educational Foundation Inc and what are their salaries?
The average compensation at Isle Of Wight County Educational Foundation Inc during 2022 was $27,648. There are 122 employees and 200 volunteers at Isle Of Wight County Educational Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.icacademy.com
Where can I find the form 990 for Isle Of Wight County Educational Foundation Inc?
Isle Of Wight County Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icacademy.com
Learn more at the official website: www.icacademy.com
Mission Statement of Isle Of Wight County Educational Foundation Inc
The Isle of Wight County Educational Foundation Inc is dedicated to providing educational services for children. As a nonprofit organization, its mission is to contribute positively to the educational development of children, striving to ensure they have access to the best possible educational opportunities. By focusing on educational services, the foundation aims to foster a strong educational foundation for the children it serves, setting them up for success in their future academic pursuits and beyond. The organization's efforts are geared towards providing comprehensive educational support, ensuring each child has the resources and opportunities they need to thrive and reach their full potential.
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Impact
July, 2024
The impact of the Isle of Wight County Educational Foundation Inc can be seen in the positive outcomes it brings to children in Isle of Wight, VA through its educational services. By focusing on providing educational opportunities for children, the foundation is contributing to the growth and development of the next generation. Through its mission of offering educational services, the foundation is helping to empower children with the knowledge and skills they need to succeed in their academic and personal lives. Overall, the foundation's impact is evident in the improved educational experiences and outcomes for the children it serves.
This information is meant to be a general summary of Isle Of Wight County Educational 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: $31,707
- Program Service Revenue: $4,914,465
- Gross Receipts: $5,543,348
Assets and Liabilities:
- Total Assets: $5,901,585
- Total Liabilities: $1,328,259
- Net Assets: $4,573,326
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$4,215,504
Textbook & technology
Revenue
$147,448
Registration
Revenue
$162,500
Lunchroom
Revenue
$47,720
Facility fees
Revenue
$37,400
Organization Details
Founding Year
1959
Phone
(757) 357-3866Principal Officer
Michael King
Main Address
P O Box 105, Isle Of Wight, VA, 23397
Website
www.icacademy.comNTEE Category
Code: B20 - Education
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