Overview
What is Henderson County Education Foundation Inc?
Henderson County Education Foundation Inc is a nonprofit organization situated in Hendersonville, North Carolina. With a team of three dedicated individuals, their primary focus is to enrich the education sector in their local community. They achieve this by administering various scholarships for graduates from Henderson County Public High Schools. Each scholarship has a specific purpose and tailored eligibility criteria, managed by the foundation's program committee and staff, in collaboration with high school counselors, teachers, and scholarship review committees. This nonprofit organization's mission is to enhance the overall quality of life in Henderson County, North Carolina, by contributing to the education of students, teachers, and the local community.
Official website here: www.hcef.info
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Henderson County Education Foundation Inc has received a solid Three-Star rating from Charity Navigator, which reflects a score of 77%. This rating is primarily based on their accountability and finance metrics, highlighting the organization's strong governance practices, such as having a fully independent board and no material diversion of assets. The foundation's program expense ratio of 81.43% indicates a significant commitment to its educational programs.
Strengths of the organization include the presence of a comprehensive conflict of interest policy and effective document retention procedures. The foundation's liabilities to assets ratio is low at 0.51%, suggesting a stable financial position. However, one area of improvement noted is the absence of a whistleblower policy, which could enhance transparency and accountability further.
Overall, the Henderson County Education Foundation Inc demonstrates strong financial health and governance, showcasing its dedication to educational initiatives. The organization might benefit from addressing the noted limitation regarding its whistleblower policy to bolster its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Henderson County Education Foundation Inc legitimate?
Henderson County Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henderson County 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: $74,969
For more financial information, click here
Official website here: www.hcef.info
What is the mission statement of Henderson County Education Foundation Inc?
The Henderson County Education Foundation Inc's mission is centered around improving the quality of life by enriching education. They strive to accomplish this by focusing on the needs of students, teachers, and the local community in Henderson County, North Carolina. The foundation actively administers scholarships for high school graduates, each scholarship tailored with specific purposes and eligibility criteria. The scholarship management process involves the foundation's program committee, staff, high school counselors, teachers, and scholarship review committees, often comprising members from the Henderson County community.
Official website here: www.hcef.info
Who is the CEO of Henderson County Education Foundation Inc?
Peggy Marshall is the President of Henderson County Education Foundation Inc.
Official website here: www.hcef.info
What is the revenue of Henderson County Education Foundation Inc?
Henderson County Education Foundation Inc's revenue in 2022 was $600,776.
Official website here: www.hcef.info
Who are the executives of Henderson County Education Foundation Inc and what are their salaries?
The average compensation at Henderson County Education Foundation Inc during 2022 was $24,990. There are 3 employees and 46 volunteers at Henderson County Education Foundation Inc.
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Official website here: www.hcef.info
Where can I find the form 990 for Henderson County Education Foundation Inc?
Henderson County Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcef.info
Learn more at the official website: www.hcef.info
Mission Statement of Henderson County Education Foundation Inc
The Henderson County Education Foundation Inc, as its name suggests, is dedicated to enhancing the quality of life in its community by focusing on education. Specifically, this nonprofit organization aims to enrich the educational experiences of students, teachers, and the local community at large. By doing so, Henderson County Education Foundation Inc contributes to the overall development and growth of its community.
To achieve this mission, the foundation administers various scholarships for graduates of Henderson County Public High Schools. Each scholarship has a unique purpose and tailored eligibility criteria, ensuring that the most deserving individuals are recognized and supported financially. The foundation's Program Committee and staff work closely with high school counselors, teachers, and scholarship review committees, including members of the Henderson County community, to manage and review these scholarships. This collaborative approach ensures that the scholarships are awarded fairly and effectively, helping to support the educational aspirations of local students.
In summary, Henderson County Education Foundation Inc is a nonprofit organization that is committed to enriching education in its community. By administering scholarships and working closely with local educators and community members, the foundation is able to support the educational aspirations of local students and contribute to the overall development and growth of its community.
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Impact
July, 2024
Henderson County Education Foundation Inc enhances the quality of life in Henderson County, North Carolina by enriching the education of students, teachers, and the local community. Through the administration of 45 scholarships for graduates of Henderson County public high schools, the foundation provides financial support to students pursuing their educational goals. Each scholarship has a specific purpose and tailored eligibility criteria, ensuring that recipients receive assistance that aligns with their academic aspirations. By actively involving high school counselors, teachers, and scholarship review committees from the Henderson County community, the foundation facilitates a collaborative approach to supporting education in the region. Through these efforts, the foundation's impact is felt by students who are able to access educational opportunities they may not have otherwise had, thereby contributing to the overall educational enrichment of the community.
This information is meant to be a general summary of Henderson County 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: $25,456
- Program Service Revenue: $10,361
- Gross Receipts: $642,857
Assets and Liabilities:
- Total Assets: $1,174,642
- Total Liabilities: $19,375
- Net Assets: $1,155,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL LEADER IN ME PROGRAM
Revenue
$8,250
SUMMER STRINGS CAMP
Revenue
$2,111
Organization Details
Founding Year
1986
Phone
(828) 697-5551Principal Officer
Peggy Marshall
Main Address
PO BOX 1267, HENDERSONVILLE, NC, 28793
Website
www.hcef.infoNTEE Category
Code: B120 - Education
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