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East Ashtabula Educational Assistance Corp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 550877721 ✦ Painesville, OH ✦ Designated as a 501(c)(3)

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Overview

What is East Ashtabula Educational Assistance Corp?

East Ashtabula Educational Assistance Corp is a dedicated nonprofit organization, situated in Painesville, Ohio. The main focus of their activities is to provide educational aid to local schools and charitable institutions within their community. Their mission is centered around offering educational assistance, aiming to enhance educational opportunities for children and young adults in the area. The organization operates from an address at 708 North Creek Drive, offering support in various forms to promote learning and development.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.

The East Ashtabula Educational Assistance Corp has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization has a strong program expense ratio of 88.44%, signifying that a significant portion of its resources is dedicated to its mission-related activities. Additionally, it boasts a fully independent board, with all members meeting independence criteria, and has no recorded material diversion of assets.

However, the organization has several notable limitations that impact its overall score. Critical policies, including those concerning conflict of interest, whistleblower protections, and document retention, are missing, which raises concerns about governance practices. Furthermore, the absence of its tax form on the nonprofit's website could affect transparency, which is vital for donor trust and engagement. Overall, while the organization demonstrates strengths in financial management, it needs to address its governance policies for improvement.


This AI summary has been generated from information found on Charity Navigator.

Is East Ashtabula Educational Assistance Corp legitimate?

East Ashtabula Educational Assistance Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Ashtabula Educational Assistance Corp 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 East Ashtabula Educational Assistance Corp?

The East Ashtabula Educational Assistance Corp is committed to providing educational assistance to local schools and educational charities. Their mission is centered around supporting the educational needs of their community. Through various initiatives, they aim to contribute to the betterment of educational institutions and related charities, fostering a conducive learning environment for students. Their activities are geared towards enhancing educational opportunities and resources for the local community.

Who is the CEO of East Ashtabula Educational Assistance Corp?

Dave Farina is the President of East Ashtabula Educational Assistance Corp.

What is the revenue of East Ashtabula Educational Assistance Corp?

East Ashtabula Educational Assistance Corp's revenue in 2020 was $32,000.

Who are the executives of East Ashtabula Educational Assistance Corp and what are their salaries?

There 5 volunteers at East Ashtabula Educational Assistance Corp.


Here are 6 key members and their salaries:


David Farina (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Donatone (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Daubenspeck (Secretary/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Andrews (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Zaebst (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Higgins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for East Ashtabula Educational Assistance Corp?

East Ashtabula Educational Assistance Corp's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of East Ashtabula Educational Assistance Corp

East Ashtabula Educational Assistance Corp is dedicated to providing educational assistance to local schools and educational charities. This nonprofit organization's mission is centered around enhancing the educational landscape within its community. By offering support to local educational institutions and charities, East Ashtabula Educational Assistance Corp aims to foster a conducive learning environment for students and contribute to the development of future generations. The corporation's work encompasses various aspects of education, ensuring that it caters to the diverse needs of the community's schools and educational initiatives.

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Impact




August, 2024

East Ashtabula Educational Assistance Corp provides crucial educational assistance to local schools and educational charities in Painesville, Ohio. This support directly impacts the education sector in the community by helping to fund important programs, resources, and initiatives that benefit students and educators. Through their efforts, East Ashtabula Educational Assistance Corp contributes to the improvement of educational outcomes and opportunities for individuals in the region.




This information is meant to be a general summary of East Ashtabula Educational Assistance Corp. 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.

Revenue
$32,000 (2020)
Expenses
$20,550 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Gross Receipts: $32,000

Assets and Liabilities:

  • Total Assets: $49,366
  • Total Liabilities: $0
  • Net Assets: $49,366

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Organization Details

Founding Year

2005

Principal Officer

Dave Farina

Main Address

C/O 708 NORTH CREEK DRIVE, PAINESVILLE, OH, 44077

NTEE Category

Code: B122 - Education

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