Overview
What is Monroe County Education Foundation Inc?
Monroe County Education Foundation Inc, based in Key West, Florida, is a nonprofit organization dedicated to enhancing and complementing the activities of the local public school system. Through their flagship program, Take Stock in Children, they provide funding, summer educational opportunities, and mentorship to local students. Their aim is to help Monroe County students reach their full potential, by matching at-risk students with mentors, guiding them in career choices, and ensuring resources for college completion. Monroe County Education Foundation also offers scholarships to eligible 7th-12th grade students from low-income families. With over 320 dedicated volunteer mentors and a network of donors, corporate sponsors, and a dedicated staff, this award-winning program has supported nearly 900 students since its inception, celebrating the graduation of 58 scholars in May 2021.
Official website here: www.monroecountyedfound.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Monroe County Education Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and financial management. With an impressive Accountability & Finance Score of 97, the organization demonstrates effective governing practices, including a fully independent board and robust oversight mechanisms, contributing to a clear commitment to transparency and responsible financial stewardship.
One of the notable strengths of the foundation is its Program Expense Ratio of 99.50%, indicating that almost all funds are directed toward programs rather than administrative costs. Additionally, the foundation boasts a Working Capital Ratio of 10.98 years, signifying a strong financial position that allows for sustained operations and support for educational initiatives in the community. The high scores in Culture & Community (93) and Equity Strategies (93) also suggest a positive organizational culture and a commitment to inclusivity.
However, while the foundation has shown commendable performance in impact measurement with an 80 score, there may be opportunities for improvement in this area. Engaging further in systematic impact evaluation could enhance their effectiveness and ability to communicate their impact to stakeholders. Overall, the Monroe County Education Foundation appears to be a well-managed organization with a strong focus on serving educational needs in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe County Education Foundation Inc legitimate?
Monroe County Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe 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: $187,743
For more financial information, click here
Official website here: www.monroecountyedfound.com
What is the mission statement of Monroe County Education Foundation Inc?
The Monroe County Education Foundation's mission is to support activities aimed at enhancing and improving the public school system. This involves providing funding, educational opportunities, and mentorship to help students in Monroe County reach their full potential. The foundation also offers scholarships to students at risk of not attending college or university, and matches them with mentors to guide their career choices. Through its flagship program, Take Stock in Children, the Monroe County Education Foundation has awarded college scholarships to thousands of students since its inception. The organization is widely recognized for its work, with a network of volunteers, individual donors, corporate sponsors, and a dedicated staff. In 2021, the foundation celebrated the graduation of 58 Take Stock in Children scholars.
Official website here: www.monroecountyedfound.com
Who is the CEO of Monroe County Education Foundation Inc?
Bryan Green is the President of Monroe County Education Foundation Inc.
Official website here: www.monroecountyedfound.com
What is the revenue of Monroe County Education Foundation Inc?
Monroe County Education Foundation Inc's revenue in 2022 was $1,896,279.
Official website here: www.monroecountyedfound.com
Who are the executives of Monroe County Education Foundation Inc and what are their salaries?
There 320 volunteers at Monroe County Education Foundation Inc.
Here are 22 key members and their salaries:
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Official website here: www.monroecountyedfound.com
Where can I find the form 990 for Monroe County Education Foundation Inc?
Monroe County Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monroecountyedfound.com
Learn more at the official website: www.monroecountyedfound.com
Mission Statement of Monroe County Education Foundation Inc
Monroe County Education Foundation Inc, a nonprofit organization, is committed to aiding, supplementing, improving, enhancing, and complementing the activities of the public school system. Its primary mission is to support initiatives that directly contribute to enhancing the educational experiences of students within Monroe County. To achieve this goal, the foundation provides scholarships for local students and funds programs that offer educational enhancements and mentorship opportunities.
The cornerstone of Monroe County Education Foundation Inc's efforts is its flagship program, Take Stock in Children. This program offers funding, summer educational enrichment opportunities, and mentorship to help students in Monroe County reach their full potential. By partnering with at-risk students and matching them with mentors, the foundation guides students in making informed career choices and ensures they have the necessary resources to complete a college degree or certificate. Through Take Stock in Children, the organization awards college scholarships to qualified 7th-12th grade students from low-income families.
Monroe County Education Foundation Inc's dedication to education extends beyond individual students. With nearly 320 dedicated volunteer mentors and a dedicated staff, the organization has become a model of success in Florida. Over the years, it has awarded numerous scholarships to students, with nearly 900 students receiving scholarships since the program's inception. The organization's commitment to education and students was celebrated during a live, outdoor ceremony in May 2021, where 58 Take Stock in Children scholars were recognized for their accomplishments.
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Impact
July, 2024
Monroe County Education Foundation Inc's impact is evident in its dedicated efforts to support and enhance the educational opportunities for students in Monroe County, Florida. Through its flagship program, Take Stock in Children, the foundation provides funding, summer educational enhancement opportunities, and mentorship to help at-risk students achieve their full potential. This program not only guides students in making smart career choices but also guarantees the necessary resources for them to complete a college degree or certificate.
TSIC Monroe, an award-winning model in the state of Florida, has successfully matched almost 320 dedicated volunteer mentors with students, creating a strong network of individual donors and corporate sponsors. The foundation's commitment to education is further highlighted by its provision of college scholarships to qualified students from low-income families in grades 7-12.
The foundation's impact is significant, with nearly 900 students from Monroe County having received scholarships since the program's inception. By supporting activities that aid, supplement, and enhance the public school system, as well as providing vital scholarships, Monroe County Education Foundation Inc is instrumental in creating opportunities for students to pursue higher education and achieve their academic goals.
This information is meant to be a general summary of Monroe 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $361
- Gross Receipts: $1,896,279
Assets and Liabilities:
- Total Assets: $14,476,181
- Total Liabilities: $1,303
- Net Assets: $14,474,878
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Organization Details
Founding Year
1995
Phone
(305) 293-1400Principal Officer
Bryan Green
Main Address
241 TRUMBO ROAD, KEY WEST, FL, 33040
Website
www.monroecountyedfound.comNTEE Category
Code: B99Z - Education
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