Overview
What is Wrec Educational Foundation Inc?
Wrec Educational Foundation Inc is a Florida-based nonprofit organization, specifically located in Dade City, with a postal address. Its primary mission is to support education by offering college scholarships to students residing in Pasco, Hernando, and Citrus counties, all part of Florida. The foundation accumulates and disburses funds for educational purposes within the service area of Withlacoochie River Electric Cooperative, Inc., thereby contributing to the local community's educational growth.
Official website here: www.wrec.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Wrec Educational Foundation Inc has received a solid Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an impressive overall score of 96%, it demonstrates effective management practices, particularly in financial oversight and governance. The score is derived entirely from its Accountability & Finance metrics, showcasing the organization's commitment to transparency and responsible stewardship of funds.
Strengths noted in the evaluation include a fully independent board composed of nine members, a robust audit and oversight committee, and a remarkable program expense ratio of 99.33%. These factors indicate that the foundation is highly efficient in allocating its resources towards its educational mission, reflecting a strong emphasis on programmatic impact rather than administrative costs. Furthermore, the organization maintains comprehensive policies related to conflict of interest, whistleblower protections, and document retention, reinforcing its commitment to ethical governance.
There are no significant limitations or concerns raised in the available data, which highlights the foundation's lack of material diversion of assets and strong financial health, evidenced by a liabilities-to-assets ratio of 0.00%. Overall, the Wrec Educational Foundation Inc stands out as a well-managed nonprofit with a clear focus on accountability, making it a reliable choice for donors looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Wrec Educational Foundation Inc?
72% of the 956 reviewers on Facebook recommend Wrec Educational Foundation Inc. Here’s a summary of their input:
While some users expressed dissatisfaction regarding external issues, such as power surges affecting appliances, there are indications that others appreciate the foundation’s commitment to educational initiatives. However, the critiques suggest that there are operational challenges that might be impacting the satisfaction of a portion of the users.
Overall, it appears that while the nonprofit does have supporters who value its work, there are significant concerns raised by a segment of the audience that could affect its reputation. The mixed sentiment highlights the need for the organization to address the specific problems mentioned in reviews to improve user perceptions.
This AI summary has been generated from reviews found on Facebook.
Is Wrec Educational Foundation Inc legitimate?
Wrec Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wrec Educational 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: $0
For more financial information, click here
Official website here: www.wrec.net
What is the mission statement of Wrec Educational Foundation Inc?
The Wrec Educational Foundation Inc's primary mission is to accumulate and disburse funds for educational purposes within its service area. Specifically, the foundation focuses on providing college scholarships to students residing in Pasco, Hernando, and Citrus Counties, all located in Florida. This foundation plays a significant role in supporting the education of local students, contributing to their future academic and professional growth.
Official website here: www.wrec.net
Who is the CEO of Wrec Educational Foundation Inc?
Billy E Brown is the Exec. Vice P of Wrec Educational Foundation Inc.
Official website here: www.wrec.net
What is the revenue of Wrec Educational Foundation Inc?
Wrec Educational Foundation Inc's revenue in 2022 was $1,606,508.
Official website here: www.wrec.net
Who are the executives of Wrec Educational Foundation Inc and what are their salaries?
There 9 volunteers at Wrec Educational Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $1,101,784
- Other: $18,113
- Compensation: $0
- Related: $43,862
- Other: $0
- Compensation: $0
- Related: $41,762
- Other: $0
- Compensation: $0
- Related: $33,812
- Other: $0
- Compensation: $0
- Related: $33,791
- Other: $0
- Compensation: $0
- Related: $32,912
- Other: $0
- Compensation: $0
- Related: $28,424
- Other: $0
- Compensation: $0
- Related: $28,027
- Other: $0
- Compensation: $0
- Related: $20,966
- Other: $0
- Compensation: $0
- Related: $17,100
- Other: $0
Official website here: www.wrec.net
Where can I find the form 990 for Wrec Educational Foundation Inc?
Wrec Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wrec.net
Learn more at the official website: www.wrec.net
Mission Statement of Wrec Educational Foundation Inc
Wrec Educational Foundation Inc, a nonprofit organization, is dedicated to accumulating and disbursing funds for educational purposes within its service area. The foundation's primary mission is to support students residing in Pasco, Hernando, and Citrus Counties, all located in Florida. Wrec Educational Foundation Inc achieves this by providing college scholarships to qualified individuals, aiming to contribute to their higher education and future success. By doing so, the foundation plays a significant role in fostering education and personal development within its community.
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Impact
July, 2024
Wrec Educational Foundation Inc's impact lies in providing college scholarships to students residing in Pasco, Hernando, and Citrus counties in Florida. By offering educational support in these underserved areas, the foundation helps students pursue higher education despite financial constraints. Through its mission to accumulate and disburse funds for educational purposes, Wrec Educational Foundation Inc significantly contributes to the academic advancement and future prospects of students in its service area.
This information is meant to be a general summary of Wrec Educational 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 2022.
- Investment Income: $100,990
- Gross Receipts: $1,606,508
Assets and Liabilities:
- Total Assets: $7,919,758
- Total Liabilities: $0
- Net Assets: $7,919,758
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Organization Details
Founding Year
1996
Phone
(352) 567-5133Principal Officer
Billy E Brown
Main Address
PO BOX 278, DADE CITY, FL, 335260278
Website
www.wrec.netNTEE Category
Code: B82Z - Education
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