Overview
What is Frankfort Independent Schools Education Foundation Inc?
Frankfort Independent Schools Education Foundation Inc, based in Frankfort, Kentucky, serves as a vital support system for the local school district. Their primary mission involves soliciting, managing, and distributing funds to enhance facilities, programs, and the educational experiences of students within the Frankfort Independent School District. Through donations and purchases, they contribute to various initiatives, ultimately aiming to improve the overall educational environment for the district's students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star rating)
Frankfort Independent Schools Education Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of effectiveness in its operations and financial management. The organization demonstrates strong accountability in certain areas, such as maintaining a majority independent board and having a favorable liabilities to assets ratio. However, the overall score reveals significant shortcomings in transparency, as several important governance documents and policies are missing from its website.
While the foundation excels in its program expense ratio, ensuring that a large portion of its funds goes directly to programs, it has not met expectations for transparency and adherence to recommended governance practices. Specifically, the absence of a conflict of interest policy, whistleblower protections, and documentation of board meeting minutes raises concerns about the organization's internal practices and its commitment to accountability.
In summary, while the Frankfort Independent Schools Education Foundation Inc shows promise in its financial management and program funding, the lack of essential governance policies and public documentation limits its overall effectiveness and transparency. Potential donors and stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Frankfort Independent Schools Education Foundation Inc legitimate?
Frankfort Independent Schools Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frankfort Independent Schools 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Frankfort Independent Schools Education Foundation Inc?
The Frankfort Independent Schools Education Foundation Inc's mission involves the solicitation, collection, management, and distribution of funds to support facilities, programs, and students within the Frankfort Independent School District. This non-profit organization's primary goal is to enhance educational opportunities and resources for students. Through donations and purchases, they facilitate facility improvements and provide program support within the school district. The foundation plays a crucial role in strengthening the educational experience for the district's students.
Who is the CEO of Frankfort Independent Schools Education Foundation Inc?
Paul Looney is the Board Member of Frankfort Independent Schools Education Foundation Inc.
What is the revenue of Frankfort Independent Schools Education Foundation Inc?
Frankfort Independent Schools Education Foundation Inc's revenue in 2021 was $67,583.
Who are the executives of Frankfort Independent Schools Education Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Frankfort Independent Schools Education Foundation Inc?
Frankfort Independent Schools Education Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Frankfort Independent Schools Education Foundation Inc
The Frankfort Independent Schools Education Foundation Inc is committed to raising, managing, and dispersing funds to enhance the educational facilities, programs, and student experiences within the Frankfort Independent School District. This nonprofit organization plays a crucial role in procuring necessary resources and making improvements to the educational infrastructure, thereby supporting the students' learning journey. The Foundation's activities primarily involve the collection and distribution of funds, which are utilized for various purposes such as purchasing essential items and providing program support to the students of the district.
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Impact
August, 2024
Frankfort Independent Schools Education Foundation Inc's impact is felt through its dedicated efforts in soliciting, collecting, managing, and distributing funds to support the facilities, programs, and students of the Frankfort Independent School District. This nonprofit organization plays a crucial role in facilitating donations and purchasing items that enhance educational opportunities, improve facilities, and provide essential program support for the students within the district. By actively engaging in fundraising activities and strategic resource allocation, the Foundation significantly contributes to the educational success and enrichment of the students in Frankfort, KY.
This information is meant to be a general summary of Frankfort Independent Schools 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 2021.
- Gross Receipts: $67,583
Assets and Liabilities:
- Total Assets: $317,917
- Total Liabilities: $0
- Net Assets: $317,917
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Organization Details
Founding Year
2007
Phone
(502) 875-8661Principal Officer
Paul Looney
Main Address
PO BOX 5443, FRANKFORT, KY, 40602
NTEE Category
Code: B112 - Education
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