Overview
What is Worcester Educational Development Foundation Inc?
Worcester Educational Development Foundation Inc is a nonprofit organization situated in Worcester, Massachusetts. With a mission to support the Worcester Public Schools, they aim to connect students and teachers with necessary resources, enriching the educational experience. Their activities primarily focus on culture and arts, including organizing student concerts and promoting arts and music programs. The foundation collaborates with the schools to provide programs and resources, working towards improving learning and success for students. By eliminating barriers and offering opportunities in areas such as arts, athletics, and health and wellness, they strive to help students reach their full academic potential.
Official website here: www.wedfwps.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
The Worcester Educational Development Foundation Inc has received a high rating of 90%, which translates to a Four-Star out of Four Star rating. This score reflects a strong performance in Accountability and Finance, indicating that the organization adheres to high standards of transparency and financial health. The rating is primarily derived from a single beacon score, emphasizing the foundation's commitment to responsible management of resources.
The foundation boasts a fully independent board with 100% independent members, showcasing a robust governance structure. Additionally, it has demonstrated excellent financial ratios, including a low liabilities to assets ratio of 12.05% and a program expense ratio of 80%, which indicates a strong focus on direct programming and effective use of funds. The presence of established policies like conflict of interest and whistleblower protections further reinforces its commitment to ethical practices.
While the organization excels in many areas, the analysis does not highlight any significant limitations or concerns. Overall, the Worcester Educational Development Foundation Inc appears to be a well-managed nonprofit with a strong financial standing and a commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Worcester Educational Development Foundation Inc legitimate?
Worcester Educational Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester Educational Development 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
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Other Salaries and Wages: $29,899
For more financial information, click here
Official website here: www.wedfwps.org
What is the mission statement of Worcester Educational Development Foundation Inc?
The Worcester Educational Development Foundation Inc's mission is centered around supporting the Worcester Public Schools. They aim to connect students and teachers with necessary resources, enriching the educational experience, and promoting equity through collaboration. Their mission statement involves working closely with the schools to provide programs and resources that improve learning and foster success among students. The foundation is dedicated to eliminating barriers that hinder students from reaching their full academic potential. This is achieved by offering rich opportunities for students, such as arts and culture, athletics, and health and wellness programs. Notably, the foundation supports various culture and arts initiatives, including student concerts and the enhancement of arts and music programs.
Official website here: www.wedfwps.org
What is the revenue of Worcester Educational Development Foundation Inc?
Worcester Educational Development Foundation Inc's revenue in 2023 was $438,392.
Official website here: www.wedfwps.org
Who are the executives of Worcester Educational Development Foundation Inc and what are their salaries?
The average compensation at Worcester Educational Development Foundation Inc during 2023 was $29,899. There is 1 employee at Worcester Educational Development Foundation Inc.
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Official website here: www.wedfwps.org
Where can I find the form 990 for Worcester Educational Development Foundation Inc?
Worcester Educational Development Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wedfwps.org
Learn more at the official website: www.wedfwps.org
Mission Statement of Worcester Educational Development Foundation Inc
The Worcester Educational Development Foundation Inc is committed to collaborating with the Worcester Public Schools to improve learning and success for students. Their mission is to eliminate barriers that prevent students from reaching their full academic potential. This is achieved by supporting enriching opportunities in various fields, such as arts and culture, athletics, and health and wellness. One of their key initiatives involves organizing culture and arts programs, including student concerts and other supports for arts and music programs. By doing so, the Worcester Educational Development Foundation Inc strives to enrich the student experience and advance equity within the educational system.
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Impact
July, 2024
Worcester Educational Development Foundation Inc's impact is felt through its dedicated support of Worcester Public Schools, where it plays a crucial role in connecting students and teachers with essential resources. By enriching the student experience and advancing equity through collaboration, the organization helps break down barriers to academic success. One significant way they contribute is by providing culture and arts programs, such as student concerts, which enhance arts and music education within the schools. Through its mission to collaborate with the Worcester Public Schools, this initiative works tirelessly to improve learning outcomes and overall success for students, ultimately striving to create a more inclusive and supportive educational environment.
This information is meant to be a general summary of Worcester Educational Development 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 2023.
- Investment Income: $4,379
- Gross Receipts: $457,553
Assets and Liabilities:
- Total Assets: $620,760
- Total Liabilities: $21,728
- Net Assets: $599,032
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Organization Details
Founding Year
2005
Principal Officer
Frances Arena
Website
www.wedfwps.orgNTEE Category
Code: B82 - Education
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