Overview
What is Broward Education Foundation Inc?
Broward Education Foundation Inc, based in Fort Lauderdale, Florida, is a dedicated nonprofit organization that aims to support the local community, particularly Broward County Public Schools. They strive to develop and promote emerging initiatives that can benefit the area, acting as a direct ally to the school system. Their efforts include offering scholarships, grants for teachers, supplying necessary classroom materials, and recognizing achievements at a district level. Moreover, they host athletic showcases. In an exceptional partnership with Kids in Need Foundation and with the assistance of local business leaders, they run a School Supply Center that provides free school supplies to students in need, catering to schools with a high concentration of economically disadvantaged students.
What are the reviews and ratings of this charity?
**Broward Education Foundation Inc (EIN: 592359433) - Rating: 97% (Four-Star out of Four Stars)**
The Broward Education Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. Their strong score in the Accountability & Finance category reflects their commitment to transparency and effective governance, with key indicators showing no material diversion of assets and well-maintained financial oversight. Overall, the organization's health is underscored by many independent board members and robust financial practices.
Strengths noted include a solid program expense ratio of over 83%, demonstrating that a significant portion of their resources is directed towards fulfilling their mission. The foundation's adherence to good governance practices, such as having a Conflict of Interest Policy and a Whistleblower Policy in place, further reinforces their ethical management. However, one area for improvement is their fundraising efficiency, which was rated poorly, indicating that a large portion of donations may not be maximally utilized in driving their fundraising efforts.
User reviews from GreatNonprofits could not be fetched. Consequently, there are no personal sentiments or experiences shared by the community regarding the foundation's work. Overall, with excellent financial accountability and governance, Broward Education Foundation Inc stands out as a reliable nonprofit in the education sector.
This AI summary has been generated from information found on Charity Navigator.
Is Broward Education Foundation Inc legitimate?
Broward Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broward 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: $620,648
For more financial information, click here
What is the mission statement of Broward Education Foundation Inc?
The Broward Education Foundation Inc, serving as a direct support organization for Broward County Public Schools, is committed to developing and promoting emerging initiatives that positively impact the community. Their mission encompasses providing scholarships, teacher grants, classroom supplies, and district-wide recognition, as well as hosting athletic showcases. The foundation's objective is to enhance educational opportunities and support the needs of students and educators within the community. Furthermore, the Broward Education Foundation operates a School Supply Center in partnership with the Kids in Need Foundation, offering free school supplies to students in economically disadvantaged schools, twice a year. This initiative aims to ensure that all students have the necessary resources to succeed academically.
Who is the CEO of Broward Education Foundation Inc?
Shea Ciriago is the Chief Executive Officer of Broward Education Foundation Inc. The CEO's salary of Broward Education Foundation Inc is $122,683 and their total compensation is $122,683.
What is the revenue of Broward Education Foundation Inc?
Broward Education Foundation Inc's revenue in 2023 was $7,349,000.
Who are the executives of Broward Education Foundation Inc and what are their salaries?
The average compensation at Broward Education Foundation Inc during 2023 was $68,961. There are 9 employees at Broward Education Foundation Inc.
Here are 24 key members and their salaries (Broward Education Foundation Inc's CEO's salary is $122,683 and their total compensation is $122,683):
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Where can I find the form 990 for Broward Education Foundation Inc?
Broward Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Broward Education Foundation Inc
Broward Education Foundation, abbreviated as BEF, is a dedicated organization that aims to foster and promote emerging initiatives that positively impact the community. Serving as a direct partner to Broward County Public Schools, BEF plays a significant role in providing support in various ways. The foundation offers scholarships, teacher grants, and supplies for classrooms, ensuring that educational opportunities are not limited by financial constraints. Furthermore, BEF recognizes the achievements of teachers and students through district-wide recognition and athletic showcases, thereby boosting morale and motivation within the educational community.
In addition to these initiatives, BEF operates a School Supply Center in collaboration with Kids in Need Foundation and local business and community leaders. This center provides essential school supplies, free of charge, to students from economically disadvantaged backgrounds. By doing so, BEF ensures that all students have the necessary tools to excel in their studies, thereby reducing educational disparities and promoting equal opportunities for all. By focusing on these various areas, Broward Education Foundation effectively contributes to the betterment of the community and the educational system within it.
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Impact
July, 2024
Broward Education Foundation Inc's impact is significant in Fort Lauderdale, Florida. They develop, promote, and fund emerging initiatives that benefit the community. The foundation serves as a direct support organization of Broward County Public Schools, providing scholarships, teacher grants, classroom supplies, district-wide recognition, and athletic showcases. One notable program is the School Supply Center, which offers free school supplies for students in need through a partnership with Kids in Need Foundation. This initiative supports educators in schools serving a high percentage of economically disadvantaged students by providing them the opportunity to shop for supplies free of charge twice a year. Overall, Broward Education Foundation Inc plays a vital role in enhancing educational opportunities and resources for students and teachers in the community.
This information is meant to be a general summary of Broward 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 2023.
- Investment Income: $235,666
- Gross Receipts: $7,349,000
Assets and Liabilities:
- Total Assets: $13,122,233
- Total Liabilities: $4,230,084
- Net Assets: $8,892,149
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Organization Details
Founding Year
1983
Principal Officer
Shea Ciriago
Main Address
600 SE 3rd Avenue, Fort Lauderdale, FL, 33301
NTEE Category
Code: B820 - Education
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