Overview
What is Sheffield Education Foundation Inc?
Sheffield Education Foundation Inc is a nonprofit organization located in Sheffield, Alabama, specifically at 300 West Sixth Street. Their primary mission is to support Sheffield City Schools and its students by generating and distributing necessary resources. These resources are utilized to enrich, maintain, and expand educational programs, contributing to the school district's mission of excellence in education. Additionally, the foundation offers scholarships to graduating seniors from Sheffield High School, helping them pay for tuition at post-secondary colleges or universities. With a small team of one dedicated individual, Sheffield Education Foundation Inc plays a significant role in fostering educational opportunities in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Sheffield Education Foundation Inc has received a rating of 73%, which translates to a Two-Star rating. This score is derived entirely from its Accountability & Finance metrics. Notably, the organization scored highly across various indicators, reflecting strong governance practices, such as an entirely independent board of members and a commendable program expense ratio of over 70%.
The foundation demonstrates significant strengths in terms of its financial management, with a perfect score for both the liabilities to assets ratio and documentation of board meeting minutes. These factors indicate responsible stewardship of resources and transparency in operations.
However, the overall rating suggests that there may be areas for improvement in terms of financial performance or additional operational metrics that could enhance its rating further. While the accountability and finance aspects are satisfactory, stakeholders may seek more comprehensive evaluations of its impact and effectiveness beyond these parameters.
This AI summary has been generated from information found on Charity Navigator.
Is Sheffield Education Foundation Inc legitimate?
Sheffield Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheffield 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: $3,940
For more financial information, click here
What is the mission statement of Sheffield Education Foundation Inc?
The Sheffield Education Foundation Inc's mission is to procure and dispense resources to support the Sheffield City Schools and its students. These resources are utilized to enhance, preserve, and expand programs essential to fulfill the school district's mission of excelling in education. The foundation's primary objective is to contribute to the enrichment and improvement of educational opportunities for the students. One of their initiatives includes providing scholarships to graduating seniors from Sheffield High School, helping them cover tuition costs for post-secondary education at colleges or universities.
Who is the CEO of Sheffield Education Foundation Inc?
Ronnie Wicks is the President of Sheffield Education Foundation Inc.
What is the revenue of Sheffield Education Foundation Inc?
Sheffield Education Foundation Inc's revenue in 2022 was $56,719.
Who are the executives of Sheffield Education Foundation Inc and what are their salaries?
The average compensation at Sheffield Education Foundation Inc during 2022 was $3,940. There is 1 employee at Sheffield Education Foundation Inc.
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Where can I find the form 990 for Sheffield Education Foundation Inc?
Sheffield Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sheffield Education Foundation Inc
Sheffield Education Foundation Inc, a nonprofit organization, is dedicated to supporting Sheffield City Schools and its students. Their primary mission is to generate and distribute resources aimed at enriching, maintaining, and expanding programs essential to the school district's mission of excellence in education. By providing these resources, the foundation aims to contribute to the overall improvement and development of the students' educational experiences. One of the ways Sheffield Education Foundation Inc achieves this is by offering scholarships to graduating seniors from Sheffield High School. These scholarships help cover the cost of attending post-secondary colleges or universities, thus providing an opportunity for students to continue their education beyond high school.
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Impact
August, 2024
Sheffield Education Foundation Inc's impact is evident in its commitment to enrich, maintain, and expand educational programs for Sheffield City Schools and its students. Through scholarships provided to graduating seniors from Sheffield High School, the foundation has helped them pursue higher education by covering tuition costs at post-secondary colleges or universities. By supporting students in their academic endeavors, Sheffield Education Foundation Inc plays a crucial role in advancing the school district's mission of excellence in education.
This information is meant to be a general summary of Sheffield 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: $645
- Gross Receipts: $56,719
Assets and Liabilities:
- Total Assets: $577,118
- Total Liabilities: $0
- Net Assets: $577,118
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Organization Details
Founding Year
1990
Phone
(256) 383-0400Principal Officer
Ronnie Wicks
Main Address
300 WEST SIXTH STREET, SHEFFIELD, AL, 35660
NTEE Category
Code: B82 - Education
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