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Lawrence County Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621423211 ✦ Lawrenceburg, TN ✦ Designated as a 501(c)(3)

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Overview

What is Lawrence County Education Foundation Inc?

The Lawrence County Education Foundation Inc, situated in Lawrenceburg, Tennessee, is a dedicated nonprofit organization that prioritizes education assistance. Through their mission, they offer scholarships and financial aid services to students, aiming to alleviate financial burdens and foster educational opportunities. Their activities are centered around promoting education and supporting students in their academic pursuits. The organization remains an active presence in the community, providing essential resources to help local students succeed.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Star rating, Needs Improvement, Score: 73%

The Lawrence County Education Foundation Inc has received a two-star rating from Charity Navigator, indicating that while the organization performs well in certain areas, improvements are needed in governance and transparency. The foundation excels in accountability and finance, achieving a perfect score in this category. Notably, it has a strong independent board structure, evidenced by the full score for independent board members and the absence of material asset diversion.

Despite these strengths, the foundation faces significant challenges in transparency practices. The absence of a website, conflict of interest policy, whistleblower policy, and document retention policy, all receiving zero points, raises concerns about its governance framework. Additionally, while program expenses are high at 99.54%, suggesting a commitment to its mission, the lack of publicly available documents such as the tax form on the nonprofit's website further highlights areas that need attention.


This AI summary has been generated from information found on Charity Navigator.

Is Lawrence County Education Foundation Inc legitimate?

Lawrence County Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence County Education 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

What is the mission statement of Lawrence County Education Foundation Inc?

The Lawrence County Education Foundation, in its mission, focuses on providing educational aid. It accomplishes this objective by offering scholarships and financial assistance services to students. The primary goal of this organization is to support the academic growth and success of students, thereby enhancing their opportunities for higher education and future prospects. By offering scholarships and financial aid, the foundation aims to alleviate some of the financial burdens associated with education, making it more accessible to a wider range of students. The foundation's activities contribute significantly to the educational journeys of numerous students, fostering a more informed and skilled society.

Who is the CEO of Lawrence County Education Foundation Inc?

Ben Boston is the President of Lawrence County Education Foundation Inc.

What is the revenue of Lawrence County Education Foundation Inc?

Lawrence County Education Foundation Inc's revenue in 2023 was $477,837.

Who are the executives of Lawrence County Education Foundation Inc and what are their salaries?


Here are 2 key members and their salaries:


Keith Powell (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Boston (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lawrence County Education Foundation Inc?

Lawrence County Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Lawrence County Education Foundation Inc

The Lawrence County Education Foundation, a nonprofit organization, is dedicated to providing education assistance in various forms. Its primary mission is to offer scholarships and student financial aid services to individuals in need, thereby fostering educational opportunities and promoting academic growth. By offering these resources, the foundation aims to alleviate financial burdens and enable students to pursue their educational goals, ultimately contributing to a more educated and prosperous society.

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Impact




July, 2024

Lawrence County Education Foundation Inc's impact lies in providing education assistance through scholarships and student financial aid services in Lawrenceburg, TN. This organization plays a crucial role in supporting students in pursuit of their educational goals, ultimately contributing to the overall advancement of the community. By offering financial assistance, Lawrence County Education Foundation Inc helps students overcome barriers to education and access opportunities that may otherwise be out of reach. Through its focus on education, this foundation empowers individuals to achieve their full potential and make a positive impact on society.




This information is meant to be a general summary of Lawrence County Education 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.

Revenue
$477,837 (2023)
Expenses
$242,140 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $88,239
  • Gross Receipts: $477,837

Assets and Liabilities:

  • Total Assets: $3,561,408
  • Total Liabilities: $0
  • Net Assets: $3,561,408

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Organization Details

Founding Year

1997

Principal Officer

Ben Boston

Main Address

PO BOX 961, Lawrenceburg, TN, 38464

NTEE Category

Code: B20J - Education

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