Overview
What is El Dorado Education Foundation Inc?
El Dorado Education Foundation Inc is a local nonprofit organization situated in El Dorado, Arkansas. With a single employee, their primary mission is to bolster academic excellence within the El Dorado Public School System. They accomplish this through various means, including granting funds to teachers or schools for academic programs not typically covered, yearly awards honoring teaching excellence, and sponsoring academic chairs. Their recent activities involved awarding eight grants to local schools, allowing hundreds of students to participate in enrichment programs and recognizing 15 educators with cash prizes.
Official website here: www.boomtown.org/community/education
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. The El Dorado Education Foundation Inc has achieved a notable Three-Star rating, primarily based on its accountability and finance metrics. The organization demonstrates a strong commitment to transparency with a perfect score in independent board member composition and material diversion of assets, which reflects responsible governance.
Strengths of the foundation include a high program expense ratio of 84.88%, indicating that the majority of its funds are allocated towards its educational programs. Additionally, the foundation has a low liabilities to assets ratio of 0.13%, showcasing financial stability. The organization maintains thorough documentation of board meeting minutes and has its website listed on tax forms, which are positive indicators of operational integrity.
However, the foundation does have some notable limitations, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements point to areas for improvement in governance practices. Overall, while El Dorado Education Foundation Inc shows solid financial management, enhancing its policy framework could further strengthen its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is El Dorado Education Foundation Inc legitimate?
El Dorado Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Dorado 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: $23,724
For more financial information, click here
Official website here: www.boomtown.org/community/education
What is the mission statement of El Dorado Education Foundation Inc?
The El Dorado Education Foundation Inc is a nonprofit organization dedicated to promoting academic excellence in the public school system. It achieves this mission by providing financial support in three ways: through annual grants to teachers or schools for academic programs not otherwise available, by presenting annual awards for teacher excellence, and by sponsoring academic chairs. The foundation's purpose is to enhance educational opportunities and recognize outstanding teachers in the community.
Official website here: www.boomtown.org/community/education
Who is the CEO of El Dorado Education Foundation Inc?
Alice Mahony is the President of El Dorado Education Foundation Inc.
Official website here: www.boomtown.org/community/education
What is the revenue of El Dorado Education Foundation Inc?
El Dorado Education Foundation Inc's revenue in 2022 was $111,848.
Official website here: www.boomtown.org/community/education
Who are the executives of El Dorado Education Foundation Inc and what are their salaries?
The average compensation at El Dorado Education Foundation Inc during 2022 was $23,724. There is 1 employee at El Dorado Education Foundation Inc.
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Official website here: www.boomtown.org/community/education
Where can I find the form 990 for El Dorado Education Foundation Inc?
El Dorado Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boomtown.org/community/education
Learn more at the official website: www.boomtown.org/community/education
Mission Statement of El Dorado Education Foundation Inc
El Dorado Education Foundation Inc is a nonprofit organization dedicated to promoting academic excellence within the El Dorado Public School System. To achieve this mission, the foundation provides financial support for programs and curriculums that may not be available otherwise. This support is manifested in three ways: annual grants to teachers or schools, annual awards for teacher excellence, and academic chair sponsorship. Through these initiatives, the foundation aims to enhance the educational experience for students in the El Dorado Public School System, fostering a learning environment that encourages growth and achievement. By offering financial support and recognizing outstanding teachers, the El Dorado Education Foundation Inc plays a vital role in advancing education and fostering academic excellence within the community.
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Impact
October, 2024
El Dorado Education Foundation Inc significantly enhances academic excellence within the El Dorado public school system. By providing financial support through annual grants, the foundation enables teachers to implement innovative programs that enrich students’ learning experiences. In the recent year, eight grants were awarded to local schools, directly benefiting hundreds of students who participated in these unique enrichment programs.
Additionally, the foundation recognizes and rewards exceptional teaching. Fifteen educators were honored with cash prizes for their excellence, fostering a culture of high standards in education. Furthermore, students who achieve academic success are celebrated with awards such as academic letterman jackets, which not only acknowledge their hard work but also motivate continued academic achievement.
Through its targeted support of programs, recognition of outstanding educators, and encouragement of student success, El Dorado Education Foundation Inc plays a critical role in cultivating a thriving educational environment in El Dorado, Arkansas.
This information is meant to be a general summary of El Dorado 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: $57,778
- Gross Receipts: $491,070
Assets and Liabilities:
- Total Assets: $2,114,341
- Total Liabilities: $962
- Net Assets: $2,113,379
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Organization Details
Founding Year
1995
Phone
(870) 862-0962Principal Officer
Alice Mahony
Main Address
525 N WASHINGTON AVE, EL DORADO, AR, 71730
NTEE Category
Code: B82 - Education
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