Overview
What is Florida Retired Educators Fndn?
Florida Retired Educators Fndn is a nonprofit organization situated in St. Petersburg, Florida. Its primary mission is to provide scholarships for aspiring teachers and offer modest short-term assistance to retired educators in crisis. The foundation awards scholarships to both new and continuing students in colleges of education, aiming to support the educational community and nurture future educators. Although the information does not specify the geographical reach of the foundation, it is implied that it serves the local community in Florida.
Official website here: www.frea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
The Florida Retired Educators Foundation has received a low score of 36%, resulting in a Zero-Star out of Four Star rating. This rating highlights significant concerns regarding the nonprofit's accountability and financial practices. The foundation has a relatively high program expense ratio of 53.95%, suggesting that over half of its expenditures are directed towards its programs. However, the lack of independent board members and missing essential policies raise red flags about governance and oversight.
One of the critical weaknesses identified is the absence of a conflict of interest policy and a whistleblower policy, both vital for maintaining transparency and integrity within organizations. Additionally, the board does not include any independent members, which may compromise its effectiveness in providing unbiased oversight. While the foundation does have a documented retention and destruction policy and maintains meeting minutes, the overall governance structure appears to be lacking.
Furthermore, while the organization lists its website on its tax form, it fails to post its tax filings online, which is typically expected for transparency purposes. The organization has a solid liabilities to assets ratio, indicating financial stability. However, the noted deficiencies in governance and transparency overshadow these strengths, prompting potential donors to carefully consider their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Retired Educators Fndn legitimate?
Florida Retired Educators Fndn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Retired Educators Fndn 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: $0
For more financial information, click here
Official website here: www.frea.org
What is the mission statement of Florida Retired Educators Fndn?
The Florida Retired Educators Foundation was established with a mission to provide scholarships for aspiring teachers and offer modest short-term assistance to retired educators in crisis. The foundation aims to support the education sector by investing in future educators through scholarships and offering a helping hand to retired educators in times of need. The scholarship funds are awarded to new and continuing students in colleges of education, while the short-term assistance is provided to retired educators facing financial hardships.
Official website here: www.frea.org
Who is the CEO of Florida Retired Educators Fndn?
Karla Brogdon is the Chairman of Florida Retired Educators Fndn.
Official website here: www.frea.org
What is the revenue of Florida Retired Educators Fndn?
Florida Retired Educators Fndn's revenue in 2022 was $142,607.
Official website here: www.frea.org
Who are the executives of Florida Retired Educators Fndn and what are their salaries?
There 11 volunteers at Florida Retired Educators Fndn.
Here are 4 key members and their salaries:
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Official website here: www.frea.org
Where can I find the form 990 for Florida Retired Educators Fndn?
Florida Retired Educators Fndn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frea.org
Learn more at the official website: www.frea.org
Mission Statement of Florida Retired Educators Fndn
The Florida Retired Educators Foundation serves a vital role in the educational community. Established with a mission in mind, the organization was formed to provide financial aid to aspiring teachers through scholarships and offer modest short-term assistance to retired educators who find themselves in crisis. This mission is not merely a set of words, but a commitment to nurturing the next generation of educators and supporting those who have dedicated their lives to education.
The scholarship funds awarded by the Florida Retired Educators Foundation are a testament to its dedication to the future of education. By providing financial assistance to new and continuing students in colleges of education, the foundation is not only investing in the minds of tomorrow's teachers but also ensuring that the teaching profession remains a viable career option for talented individuals. This support can mean the difference between a promising educator being able to pursue their passion and the dream of making a positive impact in a classroom being deferred or abandoned altogether.
In times of crisis, retired educators can turn to the Florida Retired Educators Foundation for assistance. The organization offers modest short-term aid to those who have dedicated their lives to teaching and now find themselves in need. This support can help these individuals navigate through challenging times, ensuring that they can maintain their dignity and independence. By providing this assistance, the foundation is not only fulfilling its commitment to retired educators but also reaffirming the value and importance of the teaching profession.
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Impact
October, 2024
The Florida Retired Educators Foundation has a significant impact on both aspiring teachers and retired educators facing hardships. By providing scholarships, the foundation supports new and continuing students in colleges of education, fostering the next generation of educators. This investment in education helps ensure a skilled workforce and a bright future for students in Florida.
Additionally, the foundation offers modest short-term assistance to retired educators in crisis, addressing urgent needs and supporting those who have dedicated their careers to teaching. This dual focus not only uplifts individuals in immediate need but also contributes to the overall quality and stability of the educational landscape in the state. The foundation's efforts create a positive ripple effect that strengthens the community and promotes a culture of continuous learning and support in education.
This information is meant to be a general summary of Florida Retired Educators Fndn. 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: $91,603
- Gross Receipts: $144,738
Assets and Liabilities:
- Total Assets: $1,360,286
- Total Liabilities: $0
- Net Assets: $1,360,286
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Organization Details
Founding Year
1984
Phone
(727) 577-6400Principal Officer
Karla Brogdon
Main Address
8950 9TH STREET NORTH STE 105, ST PETERSBURG, FL, 337023047
Website
www.frea.orgNTEE Category
Code: B82Z - Education
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