Overview
What is Robert & Janice Mcnair Educational Foundation?
The Robert & Janice McNair Educational Foundation is a nonprofit organization situated in Forest City, North Carolina. With a team of 12 dedicated individuals, its primary mission is to provide educational assistance to students in Rutherford County. The foundation achieves this by maintaining a career center, offering training and support for volunteers who tutor students, facilitating financial aid and college application processes, and funding special classroom projects. Furthermore, the foundation awards various scholarships to residents of Rutherford County and allocates funds to staff career centers for middle and high school students. In essence, the Robert & Janice McNair Educational Foundation serves as a valuable resource for nurturing the educational growth of students in its local community.
Official website here: www.mcnairedfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
The Robert & Janice McNair Educational Foundation has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The score is derived entirely from a single beacon score, showcasing the foundation's financial practices and governance. An important highlight is the foundation's 100% accountability regarding asset management, with no material diversion of assets reported.
Strengths of the organization include a fully independent board, with all seven members being independent, which reinforces the integrity and transparency of its operations. The foundation also demonstrates excellent financial health with a program expense ratio of 81.48%, indicating a significant focus on its educational initiatives. Additionally, the working capital ratio of 14.26 years suggests robust financial sustainability.
While the foundation appears to be well-managed and financially sound, the one-dimensional nature of the rating solely based on accountability and finance limits a broader understanding of its overall impact and effectiveness. Future evaluations could benefit from including more diverse measures of organizational performance.
This AI summary has been generated from information found on Charity Navigator.
Is Robert & Janice Mcnair Educational Foundation legitimate?
Robert & Janice Mcnair Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert & Janice Mcnair Educational Foundation 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: $158,091
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,215
For more financial information, click here
Official website here: www.mcnairedfoundation.org
What is the mission statement of Robert & Janice Mcnair Educational Foundation?
The Robert & Janice McNair Educational Foundation is dedicated to providing educational assistance to students in Rutherford County, NC. Their mission is executed through various services, such as maintaining a career center, offering training and support for volunteer tutors, assisting with financial aid and college application processes, and funding special classroom projects. Furthermore, the foundation grants a variety of scholarships to individuals within Rutherford County and funds personnel to staff career centers for middle and high school students. In essence, their mission is to enhance the educational opportunities and prospects of students in the local community.
Official website here: www.mcnairedfoundation.org
What is the revenue of Robert & Janice Mcnair Educational Foundation?
Robert & Janice Mcnair Educational Foundation's revenue in 2024 was $2,468,249.
Official website here: www.mcnairedfoundation.org
Who are the executives of Robert & Janice Mcnair Educational Foundation and what are their salaries?
The average compensation at Robert & Janice Mcnair Educational Foundation during 2024 was $109,442. There are 12 employees and 221 volunteers at Robert & Janice Mcnair Educational Foundation.
Here are 10 key members and their salaries:
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- Other: $53,246
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- Compensation: $132,544
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- Other: $25,547
Official website here: www.mcnairedfoundation.org
Where can I find the form 990 for Robert & Janice Mcnair Educational Foundation?
Robert & Janice Mcnair Educational Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mcnairedfoundation.org
Learn more at the official website: www.mcnairedfoundation.org
Mission Statement of Robert & Janice Mcnair Educational Foundation
The Robert & Janice McNair Educational Foundation is committed to providing educational assistance to students residing in Rutherford County, North Carolina. In line with this mission, the foundation offers a multitude of services to local schools. One of their key initiatives involves maintaining a career center, which serves as a resource hub for students seeking guidance on their future career paths. Additionally, they provide training and support for volunteers who wish to tutor students, ensuring that they have the necessary skills to effectively mentor their younger counterparts.
Furthermore, the foundation offers assistance with financial aid and college applications, as well as scholarship applications. This is particularly beneficial for students who may be financially constrained or unsure about the application process. Furthermore, the foundation funds special classroom projects, providing much-needed resources and opportunities for students to explore their interests and broaden their educational experiences.
In addition to these services, the Robert & Janice McNair Educational Foundation grants a variety of scholarships to individuals within Rutherford County. These scholarships can significantly alleviate financial burdens and open up new opportunities for students pursuing higher education. Lastly, the foundation funds personnel to staff career centers for middle school and high school students. This ensures that students have access to ongoing support and guidance as they navigate their academic journey. In summary, the Robert & Janice McNair Educational Foundation is dedicated to providing comprehensive educational assistance to students in Rutherford County, North Carolina, encompassing a range of services and financial support.
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Impact
July, 2024
The Robert & Janice Mcnair Educational Foundation has a significant impact on the education of students in Rutherford County, NC. They provide various services to schools, including maintaining a career center, training volunteers to tutor students, assisting with financial aid and college applications, and funding special classroom projects. The foundation also grants scholarships to individuals in the county and provides funding for personnel to staff career centers for middle and high school students. Their focus on educational assistance directly benefits the students of Rutherford County, NC, helping them achieve their academic goals and pursue higher education opportunities.
This information is meant to be a general summary of Robert & Janice Mcnair Educational Foundation. 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 2024.
- Investment Income: $813,849
- Gross Receipts: $2,468,249
Assets and Liabilities:
- Total Assets: $35,971,359
- Total Liabilities: $0
- Net Assets: $35,971,359
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Organization Details
Founding Year
1989
Principal Officer
Monica Lee
Website
www.mcnairedfoundation.orgNTEE Category
Code: B82 - Education
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