Overview
What is Cocke County Education Foundation?
The Cocke County Education Foundation is a nonprofit organization situated in Newport, Tennessee. Its primary mission involves providing scholarships to high school seniors pursuing higher education, distributing Imagination Library books to preschool children in the county, and offering funding for the remodeling of Cocke County High School. By doing so, the foundation aims to support local educators in delivering a high-quality learning experience to K-12 grade students in the area. In total, the foundation has provided $91,710.11 to various educational initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Cocke County Education Foundation has received a moderate rating, indicating that while it demonstrates strong financial practices, there are significant areas for improvement. The organization excels in areas such as having an independent board and a low liabilities-to-assets ratio, showcasing its commitment to accountability and fiscal responsibility.
However, the foundation faces notable shortcomings in governance policies, specifically the absence of a conflict of interest policy, whistleblower policy, and document retention practices. These missing elements have contributed to its lower overall rating, signifying potential risks in transparency and ethical oversight. Improving these governance aspects could enhance the foundation's credibility and effectiveness in serving its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cocke County Education Foundation legitimate?
Cocke County Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cocke 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.
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What is the mission statement of Cocke County Education Foundation?
The Cocke County Education Foundation's mission is centered around three primary objectives. Firstly, it provides scholarships to high school seniors aiming to pursue higher education. Secondly, it distributes Imagination Library books to preschool-aged children, promoting early literacy and learning. Lastly, it supports local educators in delivering a top-tier learning experience to students from kindergarten to twelfth grade. Through these initiatives, the foundation seeks to foster educational opportunities and enhance the learning journey for young individuals. As of the provided data, it has invested a total of $91,710.11 in these activities.
Who is the CEO of Cocke County Education Foundation?
Dr Rich Lloyd is the Presidentdirector of Cocke County Education Foundation.
What is the revenue of Cocke County Education Foundation?
Cocke County Education Foundation's revenue in 2022 was $62,687.
Who are the executives of Cocke County Education Foundation and what are their salaries?
There 25 volunteers at Cocke County Education Foundation.
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Where can I find the form 990 for Cocke County Education Foundation?
Cocke County Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cocke County Education Foundation
The Cocke County Education Foundation is dedicated to supporting the educational growth and development of students in various grades. One of its primary missions is to provide scholarships to high school seniors, enabling them to pursue higher education at reputable institutions. Beyond scholarships, the foundation also takes an active role in promoting literacy among preschool-aged children by providing them with Imagination Library books.
In addition to these initiatives, the Cocke County Education Foundation supports local educators in their mission to provide a high-quality learning experience to students in kindergarten through twelfth grade. The organization has a significant impact on the community, having provided funding for the remodeling of Cocke County High School and contributing to the overall educational experience of its students through community contributions. In total, the foundation has invested $91,710.11 in these various educational initiatives.
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Impact
August, 2024
The Cocke County Education Foundation's impact is significant in the community of Newport, TN. They provide scholarships to high school seniors, support local educators in providing a high-level learning experience to K-12 grade students, and supply Imagination Library books to all preschool-age children in Cocke County. In the past year, the foundation has allocated $70,834 in scholarships for high school seniors, contributed $17,132.22 towards Imagination Library books for preschool children, and invested $3,743.89 in remodeling Cocke County High School through community contributions, totaling $91,710.11 in support. Their dedication to enhancing educational opportunities and resources for students at various stages of learning demonstrates a commitment to fostering academic growth and success in the community.
This information is meant to be a general summary of Cocke 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: $1,204
- Gross Receipts: $62,687
Assets and Liabilities:
- Total Assets: $981,502
- Total Liabilities: $0
- Net Assets: $981,502
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Organization Details
Founding Year
1999
Principal Officer
Dr Rich Lloyd
Main Address
305 HEDRICK DRIVE, Newport, TN, 37821
NTEE Category
Code: B99 - Education
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