Overview
What is Madison County Foundation For Excellence In Education Inc?
Madison County Foundation for Excellence in Education Inc. is a nonprofit organization situated in Madison, Florida. Their primary goal is to enhance the educational standards in Madison County by offering mentoring services and granting scholarships to deserving students. Eligible students, who maintain a good academic record, abstain from drugs, alcohol, and disciplinary issues, and regularly meet with a mentor, are granted college scholarships upon graduation. Furthermore, the foundation provides financial assistance for classroom needs through grants.
Official website here: www.takestockinchildren.org/local-programs/category/madison/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Madison County Foundation For Excellence In Education Inc holds a respectable rating of 76% from Charity Navigator, reflecting a strong performance in accountability and finance metrics. The organization demonstrates a high level of oversight with 100% of its board members being independent, which is essential for impartial governance. Additionally, there have been no reported material diversions of assets, indicating a responsible management of funds.
The foundation excels in its program expenses, with 95.17% of its budget allocated directly to its programs, showcasing a commitment to fulfilling its mission effectively. However, there are noticeable weaknesses in its governance practices, specifically the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which detracts from its overall accountability score.
While the foundation is transparent with its financials and maintains a well-documented governance structure, addressing these policy gaps would enhance its credibility and operational integrity. Overall, it reflects a solid commitment to educational excellence, but improvements in governance policies are necessary for a more robust evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Madison County Foundation For Excellence In Education Inc legitimate?
Madison County Foundation For Excellence In Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison County Foundation For Excellence In Education 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.
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Official website here: www.takestockinchildren.org/local-programs/category/madison/
What is the mission statement of Madison County Foundation For Excellence In Education Inc?
The Madison County Foundation for Excellence in Education Inc's mission is centered around enhancing the quality of education. They strive to achieve this by offering mentoring services and granting college scholarships to eligible students who maintain good academic standing, stay away from drugs, alcohol, and disciplinary issues, and regularly meet with their mentors. Furthermore, the foundation provides grants for classroom resources, aiming to support and enrich the learning environment.
Official website here: www.takestockinchildren.org/local-programs/category/madison/
Who is the CEO of Madison County Foundation For Excellence In Education Inc?
Tim Sanders is the President of Madison County Foundation For Excellence In Education Inc.
Official website here: www.takestockinchildren.org/local-programs/category/madison/
What is the revenue of Madison County Foundation For Excellence In Education Inc?
Madison County Foundation For Excellence In Education Inc's revenue in 2022 was $71,819.
Official website here: www.takestockinchildren.org/local-programs/category/madison/
Who are the executives of Madison County Foundation For Excellence In Education Inc and what are their salaries?
There 16 volunteers at Madison County Foundation For Excellence In Education Inc.
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Official website here: www.takestockinchildren.org/local-programs/category/madison/
Where can I find the form 990 for Madison County Foundation For Excellence In Education Inc?
Madison County Foundation For Excellence In Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.takestockinchildren.org/local-programs/category/madison/
Learn more at the official website: www.takestockinchildren.org/local-programs/category/madison/
Mission Statement of Madison County Foundation For Excellence In Education Inc
Madison County Foundation for Excellence in Education Inc is committed to enhancing the quality of education in its community. Their primary mission is achieved through two key strategies: providing mentoring services and awarding college scholarships to eligible students, as well as granting funds for classroom improvements.
To expand upon this, the foundation focuses on supporting students who demonstrate dedication and potential. By maintaining a minimum GPA of 2.0, avoiding substance abuse and disciplinary issues, and regularly meeting with a mentor, students can qualify for the college scholarship offered by the foundation upon graduation. This incentivizes students to prioritize their education and future plans, fostering a culture of academic achievement.
In addition to the scholarship program, the foundation also invests in the local educational system by providing grants for classroom improvements. These grants help teachers enhance their teaching methods and create a stimulating learning environment for their students, ultimately contributing to a higher standard of education in Madison County. By taking a proactive approach to education, Madison County Foundation for Excellence in Education Inc plays a significant role in shaping the future of its community.
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Impact
August, 2024
Madison County Foundation For Excellence In Education Inc's impact is evident in the improved quality of education in Madison County, FL. By providing mentoring services, college scholarships, and grants for classrooms, the organization is supporting students' academic success and facilitating a positive learning environment. Through initiatives like Take Stock in Children, the foundation encourages students to excel academically, stay drug-free, and develop positive relationships with mentors. Ultimately, the foundation's work is shaping a brighter future for students in Madison County and empowering them to achieve their educational goals.
This information is meant to be a general summary of Madison County Foundation For Excellence In Education 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.
- Gross Receipts: $71,819
Assets and Liabilities:
- Total Assets: $61,554
- Total Liabilities: $0
- Net Assets: $61,554
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Organization Details
Founding Year
1992
Phone
(850) 973-2139Principal Officer
Tim Sanders
Main Address
PO Box 181, Madison, FL, 323410181
NTEE Category
Code: B82Z - Education
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