Overview
What is Loudon County Education Foundation?
The Loudon County Education Foundation, located at 410 Wharf Street, Loudon, TN 37774, is a nonprofit organization devoted to supporting education in the Loudon County area. Their mission includes fostering lifelong learning, encouraging professional development, and emphasizing business and community engagement. They achieve this by offering scholarships to talented students, granting funds for specific classroom projects, and providing assistance to at-risk students to help them achieve their academic goals and graduate high school. With a team of three dedicated individuals, the foundation works tirelessly to invest in education and improve the learning environment in Loudon County, Tennessee.
Official website here: www.lceftn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Loudon County Education Foundation has received a Three-Star rating from Charity Navigator, with an overall score of 83%. This score indicates a solid performance in the area of Accountability & Finance, which is the sole metric used for their assessment. The foundation demonstrates strong governance practices, including having a fully independent board and no material diversion of assets, which contributes positively to its financial accountability.
However, there are some notable areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which are essential for robust governance and transparency. While the foundation excels in several financial metrics, these omissions suggest that there may be room for development in its operational protocols.
On a positive note, the foundation maintains a high program expense ratio of nearly 88%, indicating that a significant portion of its funds is directed towards its programs rather than administrative expenses. This focus on program spending reflects a commitment to effectively utilizing resources for its mission. Overall, while the Loudon County Education Foundation shows strong accountability, addressing governance gaps could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Loudon County Education Foundation legitimate?
Loudon County Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loudon County Education 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: $51,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,460
For more financial information, click here
Official website here: www.lceftn.org
What is the mission statement of Loudon County Education Foundation?
The Loudon County Education Foundation's mission is to invest in education by enriching lifelong learning, encouraging professional development, and emphasizing the participation of businesses and the community. They achieve this by promoting educational excellence through awarding scholarships to students and grants to schools for specific classroom projects. The foundation also provides assistance to at-risk students to help them achieve their academic goals and graduate from high school. In essence, the Loudon County Education Foundation aims to foster a supportive environment for education, empowering both students and teachers to reach their full potential.
Official website here: www.lceftn.org
Who is the CEO of Loudon County Education Foundation?
Michele Lewis is the Vice-Chair of Loudon County Education Foundation.
Official website here: www.lceftn.org
What is the revenue of Loudon County Education Foundation?
Loudon County Education Foundation's revenue in 2022 was $149,767.
Official website here: www.lceftn.org
Who are the executives of Loudon County Education Foundation and what are their salaries?
The average compensation at Loudon County Education Foundation during 2022 was $22,883. There are 3 employees at Loudon County Education Foundation.
Here are 6 key members and their salaries:
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Official website here: www.lceftn.org
Where can I find the form 990 for Loudon County Education Foundation?
Loudon County Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lceftn.org
Learn more at the official website: www.lceftn.org
Mission Statement of Loudon County Education Foundation
The Loudon County Education Foundation, a nonprofit organization, is committed to investing in education within Loudon County, Tennessee. Their mission is threefold: enriching lifelong learning, encouraging professional development, and emphasizing business and community participation. This means they strive to enhance educational experiences beyond the classroom, foster the growth of educators, and engage local businesses and communities in educational initiatives. Through scholarships awarded to students and grants given to schools for specific projects, they aim to support educational excellence. Furthermore, they provide assistance to at-risk students, helping them achieve their academic goals and graduate from high school.
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Impact
October, 2024
The Loudon County Education Foundation significantly impacts education by investing in various initiatives that enrich lifelong learning in Loudon County, TN. By promoting and recognizing educational excellence, it awards scholarships to students, supporting their academic journeys and helping them achieve their goals of graduating high school. The foundation also provides grants to schools for specific classroom projects, enhancing the educational experience and resources available to teachers and students.
In addition, the foundation places a strong emphasis on assisting at-risk students, guiding them toward academic success and the achievement of their educational objectives. By fostering professional development opportunities for educators and encouraging business and community participation, the foundation creates a collaborative environment that benefits all stakeholders in the education system. Its comprehensive approach not only uplifts individual students but also strengthens the overall educational landscape in Loudon County, encouraging a thriving community dedicated to learning and growth.
This information is meant to be a general summary of Loudon County Education 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: $5,237
- Gross Receipts: $149,767
Assets and Liabilities:
- Total Assets: $277,675
- Total Liabilities: $14,028
- Net Assets: $263,647
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Organization Details
Founding Year
1998
Phone
(865) 458-8749Principal Officer
Michele Lewis
Main Address
410 WHARF STREET, LOUDON, TN, 37774
Website
www.lceftn.orgNTEE Category
Code: B802 - Education
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