Overview
What is Franklin-Simpson Educational Excellence Foundation?
The Franklin-Simpson Educational Excellence Foundation is a nonprofit organization located in Franklin, Kentucky. With a small team of two individuals, its primary mission is to financially support the Simpson County Board of Education in providing high-quality education opportunities for the local residents. This is achieved through grant funding and financial support, aiming to overcome the educational challenges faced by the school system. The foundation also provides equipment, classes, supplies, and teacher appreciation to enhance the overall educational experience in the Simpson County School System. Additionally, it honors alumni from past graduating classes and awards scholarships to graduating students.
Official website here: www.fseef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Franklin-Simpson Educational Excellence Foundation has received a commendable rating of 83%, reflecting strong performance in accountability and finance. This score is based solely on their Accountability & Finance score, indicating that the organization meets high standards in managing its resources effectively. The foundation demonstrates a commitment to transparency and governance, with a fully independent board and no material diversion of assets.
Strengths include a high program expense ratio of 79.36%, which suggests that a significant portion of their expenditures supports their educational initiatives. Additionally, the foundation has established robust policies, such as a conflict of interest policy and board meeting documentation, though they are lacking a whistleblower policy and guidelines for document retention.
While the foundation's financial practices are praiseworthy, the absence of some key policies may indicate areas for improvement regarding organizational governance. Overall, the Franklin-Simpson Educational Excellence Foundation appears to be a well-managed nonprofit focused on educational excellence, but should consider enhancing its policies to strengthen its accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin-Simpson Educational Excellence Foundation legitimate?
Franklin-Simpson Educational Excellence Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin-Simpson Educational Excellence Foundation 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: $10,200
For more financial information, click here
Official website here: www.fseef.org
What is the mission statement of Franklin-Simpson Educational Excellence Foundation?
The Franklin-Simpson Educational Excellence Foundation aims to establish an environment conducive to educational opportunities for its residents. It achieves this by providing grants and funding support. The primary mission of the foundation is to financially assist the local education board in delivering a high standard of education through diverse learning opportunities. The foundation acts as a funding partner, assisting in overcoming the educational challenges faced by the school system. It provides resources such as equipment, classes, supplies, and teacher appreciation to enhance the quality of education experienced by the students and staff in the Simpson County school system. Additionally, the foundation awards scholarships to graduating students as a means of recognizing their achievements.
Official website here: www.fseef.org
Who is the CEO of Franklin-Simpson Educational Excellence Foundation?
Kari Harris is the Secretary of Franklin-Simpson Educational Excellence Foundation.
Official website here: www.fseef.org
What is the revenue of Franklin-Simpson Educational Excellence Foundation?
Franklin-Simpson Educational Excellence Foundation's revenue in 2022 was $193,856.
Official website here: www.fseef.org
Who are the executives of Franklin-Simpson Educational Excellence Foundation and what are their salaries?
The average compensation at Franklin-Simpson Educational Excellence Foundation during 2022 was $5,100. There are 2 employees at Franklin-Simpson Educational Excellence Foundation.
Here are 10 key members and their salaries:
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Official website here: www.fseef.org
Where can I find the form 990 for Franklin-Simpson Educational Excellence Foundation?
Franklin-Simpson Educational Excellence Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fseef.org
Learn more at the official website: www.fseef.org
Mission Statement of Franklin-Simpson Educational Excellence Foundation
The Franklin-Simpson Educational Excellence Foundation is committed to establishing and fostering an environment conducive to educational opportunities for the residents of Simpson County, Kentucky. To achieve this goal, the foundation financially supports the Simpson County Board of Education in providing a standard of educational excellence. By acting as a funding partner, the foundation assists in overcoming the educational challenges faced by the school system.
The mission of the Franklin-Simpson Educational Excellence Foundation is multifaceted. It provides funding for various levels of education, from equipping classrooms with necessary tools to offering classes and supplies. Furthermore, the foundation supports teachers through appreciation initiatives, aiming to enhance the overall quality of education experience within the Simpson County school system. One of its significant contributions is the awarding of scholarships to graduating students, thereby investing in the future of education in the community.
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Impact
October, 2024
The Franklin-Simpson Educational Excellence Foundation significantly enhances educational opportunities for residents in Simpson County, Kentucky. By providing grants and funding support, it creates a nurturing environment aimed at achieving excellence in education.
This foundation directly impacts local education by supplying essential equipment, classes, and teaching supplies, which are crucial for fostering a quality educational experience within the community’s school system. It also emphasizes teacher appreciation, recognizing the vital role educators play in shaping young minds.
Furthermore, the Foundation honors the achievements of alumni from past graduating classes, fostering a sense of community and pride in educational accomplishments. Scholarships awarded to graduating students demonstrate a commitment to enabling future generations to pursue higher education, thereby enriching the community’s overall educational landscape.
By acting as a financial partner with the Simpson County Board of Education, the Foundation addresses the various challenges faced by the school system and works tirelessly to ensure that all residents have access to a high-quality education.
This information is meant to be a general summary of Franklin-Simpson Educational Excellence Foundation. 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: $78,174
- Gross Receipts: $1,123,949
Assets and Liabilities:
- Total Assets: $1,183,372
- Total Liabilities: $3,444
- Net Assets: $1,179,928
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Organization Details
Founding Year
1986
Phone
(270) 784-4100Principal Officer
Kari Harris
Main Address
P O BOX 94, FRANKLIN, KY, 42135
Website
www.fseef.orgNTEE Category
Code: B80 - Education
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