Overview
What is Shaw Educational Foundation Inc?
Shaw Educational Foundation Inc, based in Cleveland, Mississippi, is a nonprofit organization committed to diversifying its student population. Established in 2003, it introduced a minority scholarship that significantly affected their demographic composition. During the 2022-2023 academic year, 32 minority families benefited from this scholarship, with 9 of them receiving financial aid. This support funded education for 10 students out of a total student body of 605. The foundation's mission is to provide a high-quality education in an environment that encourages rigorous academic challenges, Christian values, and student-engaged instruction, as stated in their motto, "Bayou Academy Strives to Provide Each Child with an Excellent Education in an Environment that Promotes Rigorous Academic Challenges, Christian Values, and Student Engaged Instruction." With a workforce of 178 individuals, Shaw Educational Foundation Inc is dedicated to fostering educational growth and opportunities in its community.
Official website here: www.bayouacademy.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Shaw Educational Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while some aspects of the organization are strong, there are significant areas needing attention. The foundation boasts a high program expense ratio of 99.04%, which suggests that it primarily directs its resources toward its mission-driven activities. Additionally, it has achieved a perfect score for having an entirely independent board and maintaining a low liabilities to assets ratio, which demonstrates financial stability.
However, the organization faces several challenges in terms of accountability and transparency. Notably, it lacks essential financial statements and fails to provide a whistleblower policy or a document retention policy. These deficiencies have contributed to its overall score of 73%, reflecting the need for improvement in governance practices and transparency.
While the foundation shows commitment to its educational mission, addressing the noted shortcomings in policy implementation and financial reporting is crucial for enhancing its credibility and effectiveness. By improving these areas, Shaw Educational Foundation Inc can strengthen its impact and build greater trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Shaw Educational Foundation Inc legitimate?
Shaw Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shaw 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: $3,117,449
For more financial information, click here
Official website here: www.bayouacademy.net
What is the mission statement of Shaw Educational Foundation Inc?
The Shaw Educational Foundation Inc's mission is centered around providing each child with an exceptional education. This is achieved in an environment that encourages rigorous academic challenges and upholds Christian values. The foundation also emphasizes student-engaged instruction. Due to a minority scholarship established in 2003, the foundation has been successful in diversifying its student population. During the 2022-2023 school year, 32 minority families benefited from this scholarship, with 10 students directly benefiting from it. In total, the foundation catered to 605 students, with 49 graduating and receiving over 1.17 million dollars in financial aid to further their education.
Official website here: www.bayouacademy.net
Who is the CEO of Shaw Educational Foundation Inc?
Warren Bell is the President of Shaw Educational Foundation Inc.
Official website here: www.bayouacademy.net
What is the revenue of Shaw Educational Foundation Inc?
Shaw Educational Foundation Inc's revenue in 2023 was $6,057,941.
Official website here: www.bayouacademy.net
Who are the executives of Shaw Educational Foundation Inc and what are their salaries?
The average compensation at Shaw Educational Foundation Inc during 2023 was $17,514. There are 178 employees at Shaw Educational Foundation Inc.
Here are 4 key members and their salaries:
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- Other: $0
Official website here: www.bayouacademy.net
Where can I find the form 990 for Shaw Educational Foundation Inc?
Shaw Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bayouacademy.net
Learn more at the official website: www.bayouacademy.net
Mission Statement of Shaw Educational Foundation Inc
Shaw Educational Foundation Inc, through its Bayou Academy, strives to offer each student an exceptional education in an environment that encourages rigorous academic challenges, fosters Christian values, and engages students in instruction. The foundation's mission is to provide a learning environment that not only challenges students academically but also instills strong Christian values.
Bayou Academy, under the umbrella of Shaw Educational Foundation Inc, aims to offer a well-rounded education that goes beyond academics. By promoting student engagement in instruction, the foundation hopes to foster a love for learning that will serve students throughout their lives. Additionally, the foundation's commitment to Christian values aims to instill moral and ethical principles in its students, preparing them for their future endeavors.
The foundation has successfully diversified its student population through the establishment of a minority scholarship in 2003. During the 2022-2023 academic year, Bayou Academy had 32 minority families, nine of which were awarded the minority scholarship, benefiting ten students. This initiative reflects the foundation's dedication to making quality education accessible to all, regardless of their background. The foundation's efforts have resulted in a student body of 605 students, with 49 graduating and receiving over 1.17 million dollars in financial aid to further their education. This demonstrates the foundation's commitment to supporting its students in their educational pursuits, ensuring that they have the resources they need to succeed.
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Impact
July, 2024
Shaw Educational Foundation Inc, operating under the name Bayou Academy, has made a significant impact in providing an excellent education that promotes rigorous academic challenges, Christian values, and student-engaged instruction. One remarkable achievement is the diversification of the student population through a minority scholarship established in 2003. In the 2022-2023 school year, 32 minority families were enrolled, with 9 applying for and receiving the scholarship, benefiting 10 students. This initiative has not only increased diversity but also supported graduating students, with 49 receiving over $1.17 million in financial aid to pursue further education. Bayou Academy's commitment to academic excellence and inclusivity is reflected in their tangible efforts to support students from various backgrounds, making a lasting impact on both individual lives and the community.
This information is meant to be a general summary of Shaw 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 2023.
- Investment Income: $37,144
- Program Service Revenue: $4,514,305
- Gross Receipts: $6,228,012
Assets and Liabilities:
- Total Assets: $7,759,453
- Total Liabilities: $263,233
- Net Assets: $7,496,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$3,296,205
CAFETERIA
Revenue
$477,090
BOOK & SPECIAL CLASS FEES
Revenue
$443,965
OTHER
Revenue
$135,085
REGISTRATION FEES
Revenue
$119,700
Organization Details
Phone
(662) 843-3708Principal Officer
Warren Bell
Main Address
PO BOX 417, CLEVELAND, MS, 38732
Website
www.bayouacademy.netNTEE Category
Code: B20 - Education
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