Overview
What is Educational Foundation Of Lake County Inc?
The Educational Foundation of Lake County Inc, located at 201 West Burleigh Boulevard, Tavarees, Florida, serves as a direct support organization for Lake County Public Schools. Their primary mission is to bridge the gap between the community and public education, identifying needs and securing resources to enhance the quality of education. They achieve this by providing direct financial support to students and teachers through grants, scholarships, and recognition events. This nonprofit, with a team of three dedicated individuals, strives to foster educational excellence in Lake County.
Official website here: www.edfoundationlake.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Educational Foundation of Lake County Inc has received an impressive 96% rating from Charity Navigator, reflecting its strong accountability and financial health. The organization boasts a perfect score for its independent board members, with all 29 members being independent, ensuring a robust governance structure. With no material diversion of assets noted, the foundation demonstrates a commitment to integrity and responsible management.
Financially, the foundation shows a commendable program expense ratio of 90.66%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. The liabilities to assets ratio stands at a low 4.40%, suggesting sound financial stability. While its fundraising efficiency ratio of $0.072 is slightly lower than ideal, the overall financial health and transparency of the organization remain strong.
Limitations are minimal, primarily relating to the fundraising efficiency, where a higher ratio could enhance potential sustainability. However, the foundation's extensive set of policies, including conflict of interest and whistleblower policies, coupled with effective audit oversight, reinforces its commitment to accountability and transparency in operations.
This AI summary has been generated from information found on Charity Navigator.
Is Educational Foundation Of Lake County Inc legitimate?
Educational Foundation Of Lake County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Foundation Of Lake County 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: $89,364
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.edfoundationlake.com
What is the mission statement of Educational Foundation Of Lake County Inc?
The Educational Foundation of Lake County Inc serves as a bridge between the community and public education, focusing on identifying needs and securing resources to enhance the quality of education. As the direct support organization for Lake County Public Schools, its mission is to evaluate the requirements of students and teachers and provide necessary resources, such as grants, scholarships, and recognition events, to encourage excellence in education.
Official website here: www.edfoundationlake.com
Who is the CEO of Educational Foundation Of Lake County Inc?
Carman Cullen is the Executive Director of Educational Foundation Of Lake County Inc.
Official website here: www.edfoundationlake.com
What is the revenue of Educational Foundation Of Lake County Inc?
Educational Foundation Of Lake County Inc's revenue in 2022 was $1,493,639.
Official website here: www.edfoundationlake.com
Who are the executives of Educational Foundation Of Lake County Inc and what are their salaries?
The average compensation at Educational Foundation Of Lake County Inc during 2022 was $29,788. There are 3 employees at Educational Foundation Of Lake County Inc.
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Official website here: www.edfoundationlake.com
Where can I find the form 990 for Educational Foundation Of Lake County Inc?
Educational Foundation Of Lake County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edfoundationlake.com
Learn more at the official website: www.edfoundationlake.com
Mission Statement of Educational Foundation Of Lake County Inc
The Educational Foundation of Lake County Inc serves as a bridge between the community and the Lake County Public Schools, with the primary mission of evaluating needs and securing resources to enhance the quality of education. This organization acts as a direct support organization, striving to improve the educational experience for both students and teachers within Lake County. By providing grants, scholarships, and recognition events, the Educational Foundation of Lake County Inc encourages excellence in education, demonstrating its commitment to the local educational system.
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Impact
July, 2024
Educational Foundation Of Lake County Inc directly supports the students and teachers of Lake County by providing grants, scholarships, and recognition events to encourage excellence in education. Their impact can be seen in the enhanced quality of education in the community due to the resources they secure. They serve as the vital connection between the community and public education, evaluating needs and ensuring that students and teachers have the support they require to succeed.
This information is meant to be a general summary of Educational Foundation Of Lake County 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: $1,485
- Program Service Revenue: $274,829
- Gross Receipts: $1,949,035
Assets and Liabilities:
- Total Assets: $4,586,472
- Total Liabilities: $7,663
- Net Assets: $4,578,809
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMRECOGNITION
Revenue
$274,829
Organization Details
Founding Year
1986
Principal Officer
Carman Cullen
Main Address
201 WEST BURLEIGH BOULEVARD, TAVARES, FL, 327782407
Website
www.edfoundationlake.comNTEE Category
Code: B9XZ - Education
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