Overview
What is Marietta Schools Foundation Inc?
Marietta Schools Foundation Inc, based in Marietta, Georgia, is a dedicated nonprofit organization that focuses on fostering educational achievement and excellence within the Marietta City Schools community. They accomplish this by providing financial support for various projects, such as employee recognition programs, school awards, scholarships, and mentoring initiatives. The foundation also funds miscellaneous expenses, marketing investment fees, and teacher tuition donations. Their mission extends to supporting the faculty, staff, and administration, aiming to enhance the overall educational experience for students.
Official website here: www.mariettaschoolsfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Marietta Schools Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational aspects. The foundation excels in accountability and finance, achieving a perfect score in this category, which suggests strong governance practices, particularly with an entirely independent board. However, the organization has notable deficiencies in its financial statements and transparency practices, which have resulted in low scores in essential areas such as document retention, posting tax forms on its website, and a whistleblower policy.
Despite the financial challenges indicated by the lack of transparency in documentation, the foundation shows a commendable commitment to program spending, with a program expense ratio of 94.56%. This reflects that a significant portion of its resources is allocated towards its mission-driven programs, which may resonate positively with supporters and stakeholders.
However, the limitations in financial reporting and transparency could impact donor trust and the foundation's long-term sustainability. Addressing these issues would be crucial for improving its overall rating and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Marietta Schools Foundation Inc legitimate?
Marietta Schools Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marietta Schools 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: $98,816
For more financial information, click here
Official website here: www.mariettaschoolsfoundation.com
What is the mission statement of Marietta Schools Foundation Inc?
The Marietta Schools Foundation's mission is centered around supporting and promoting educational achievement and excellence. This encompasses the students, faculty, staff, and administration of the Marietta City Schools. The organization carries out its mission by funding various projects, such as employee recognition programs and scholarships, and by providing resources for teacher tuition donations and marketing investments. Additionally, the foundation supports a mentoring program, aiming to contribute positively to the educational environment as a whole.
Official website here: www.mariettaschoolsfoundation.com
Who is the CEO of Marietta Schools Foundation Inc?
Wes Smith is the Executive Di of Marietta Schools Foundation Inc.
Official website here: www.mariettaschoolsfoundation.com
What is the revenue of Marietta Schools Foundation Inc?
Marietta Schools Foundation Inc's revenue in 2022 was $1,396,242.
Official website here: www.mariettaschoolsfoundation.com
Who are the executives of Marietta Schools Foundation Inc and what are their salaries?
The average compensation at Marietta Schools Foundation Inc during 2022 was $98,816. There is 1 employee at Marietta Schools Foundation Inc.
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Official website here: www.mariettaschoolsfoundation.com
Where can I find the form 990 for Marietta Schools Foundation Inc?
Marietta Schools Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mariettaschoolsfoundation.com
Learn more at the official website: www.mariettaschoolsfoundation.com
Mission Statement of Marietta Schools Foundation Inc
The Marietta Schools Foundation, a prominent organization, is dedicated to fostering and enhancing educational achievement and excellence among the students, faculty, staff, and administration of the Marietta City Schools. By carrying out this mission, the foundation aims to provide a conducive learning environment that encourages growth and success for all involved parties. Through various initiatives, the foundation supports a range of projects, including employee recognition programs, school awards, principal's funds, teacher tuition donations, marketing investment fees, and miscellaneous expenses. The mentoring program is another vital aspect of the foundation's work, offering guidance and support to its beneficiaries. As an added commitment, the Marietta Schools Foundation offers student scholarships as part of its programs, thereby investing in the future of its students and promoting academic success.
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Impact
July, 2024
Marietta Schools Foundation Inc's impact can be seen in the significant support and promotion of educational achievement and excellence among the students, faculty, staff, and administration of Marietta City Schools. By providing funding for various projects such as employee recognition, school awards programs, principal's fund, teacher tuition donations, marketing investment fees, miscellaneous expenses, and mentoring programs, the foundation plays a vital role in enhancing the educational experience within the school district. Furthermore, the provision of student scholarships as part of its programs demonstrates a commitment to fostering academic success and opportunities for the students.
This information is meant to be a general summary of Marietta Schools 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: -$78,453
- Gross Receipts: $5,619,483
Assets and Liabilities:
- Total Assets: $4,792,620
- Total Liabilities: $0
- Net Assets: $4,792,620
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Organization Details
Founding Year
1983
Phone
(770) 427-1728Principal Officer
Wes Smith
Main Address
144 POLK STREET NW, MARIETTA, GA, 30064
NTEE Category
Code: B82 - Education
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