Overview
What is Monroe County Education Foundation Inc?
Monroe County Education Foundation Inc, located within Monroe County, is a dedicated nonprofit organization. Their primary mission is to extend financial aid for higher education to local residents who aspire for it. They accomplish this goal by administering various scholarship programs, which recognize and reward deserving students with monetary assistance. By doing so, the Foundation aims to empower individuals within the community, fostering opportunities for personal and professional growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Monroe County Education Foundation Inc has garnered an 80% rating, reflecting a strong performance primarily in accountability and finance. The organization is noted for having an entirely independent board, contributing to its high scores in governance. Furthermore, it has demonstrated zero material diversion of assets and maintains a solid conflict of interest policy, highlighting its commitment to ethical operations.
Financially, the foundation shows a favorable liability to assets ratio of 0.00%, indicating a robust fiscal health. With a program expense ratio of 79.03%, the foundation allocates a significant portion of its resources directly to its educational programs, which is a positive indicator of its mission-driven focus.
Overall, while the foundation exhibits strong governance and financial management, the single beacon score means that additional information on other operational aspects is limited. This rating underscores the organization's transparency and reliability within its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe County Education Foundation Inc legitimate?
Monroe County Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe County 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Monroe County Education Foundation Inc?
The Monroe County Education Foundation's mission is centered around providing scholarships for higher education. They accomplish this goal through various programs that grant scholarships to local residents who aspire to pursue higher education. The foundation serves as a reliable source of financial aid, empowering individuals to further their education and enhance their future prospects. By offering scholarships, the Monroe County Education Foundation contributes to the advancement of education and the personal growth of its recipients.
Who is the CEO of Monroe County Education Foundation Inc?
Laura S Rice is the Administrator of Monroe County Education Foundation Inc.
What is the revenue of Monroe County Education Foundation Inc?
Monroe County Education Foundation Inc's revenue in 2022 was $59,573.
Who are the executives of Monroe County Education Foundation Inc and what are their salaries?
There 17 volunteers at Monroe County Education Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Monroe County Education Foundation Inc?
Monroe County Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monroe County Education Foundation Inc
Monroe County Education Foundation, a nonprofit organization, is dedicated to providing scholarships for higher education. Its mission is to support Monroe County residents who aspire to pursue higher education by offering scholarships through various programs. By awarding these scholarships, the foundation aims to contribute to the educational growth and development of its community members, thereby empowering them to reach their full potential.
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Impact
August, 2024
Monroe County Education Foundation Inc's impact lies in providing valuable scholarships for higher education to Monroe County residents through programs that award these scholarships. By supporting individuals in their pursuit of further education, the foundation helps to empower and uplift the community, creating opportunities for personal and professional growth. Through their efforts, they contribute to the development of skilled individuals who can in turn make positive contributions to society, ultimately fostering a more educated and prosperous community.
This information is meant to be a general summary of Monroe County 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: $27,473
- Gross Receipts: $59,573
Assets and Liabilities:
- Total Assets: $680,139
- Total Liabilities: $0
- Net Assets: $680,139
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Organization Details
Founding Year
2001
Phone
(304) 646-2423Principal Officer
Laura S Rice
Main Address
PO Box 90, Union, WV, 24983
NTEE Category
Code: N20 - Recreation
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