Overview
What is Colfax Schools Foundation?
The Colfax Schools Foundation is a nonprofit organization located in Colfax, WA. Its primary mission is to offer financial aid scholarships to graduates of the local high school. To fulfill this purpose, the foundation provides student assistance services. This nonprofit is dedicated to supporting the educational aspirations of its community's youth, contributing positively to their future prospects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
The Colfax Schools Foundation holds a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The rating indicates that the foundation has strong organizational practices, particularly with an independent board and no material diversion of assets, which are critical for donor trust and transparency.
Strengths include a high program expense ratio of 98.11%, demonstrating that a significant portion of funds is directed towards programs rather than administrative costs. Additionally, the foundation has a well-composed board with 100% independent members, enhancing its governance structure. However, the absence of a whistleblower policy and missing documentation like board meeting minutes may raise concerns regarding internal controls and transparency.
Overall, while the Colfax Schools Foundation exhibits many positive attributes, the noted deficiencies in documentation and policy could be areas for improvement to enhance its accountability and public trust further.
This AI summary has been generated from information found on Charity Navigator.
Is Colfax Schools Foundation legitimate?
Colfax Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colfax Schools Foundation submitted a form 990EZ, 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.
What is the mission statement of Colfax Schools Foundation?
The Colfax Schools Foundation is dedicated to providing scholarships for graduates from Colfax, WA High School. To achieve this mission, the organization offers student financial aid services. The primary goal of the Colfax Schools Foundation is to support the educational pursuits of its scholarship recipients, thereby empowering them to further their academic and professional goals. By offering financial aid, the foundation aims to alleviate some of the financial burden associated with higher education, enabling students to focus on their studies and future aspirations. The foundation's mission is a testament to its commitment to investing in the future of its community's youth.
Who is the CEO of Colfax Schools Foundation?
Mary Ann Wigen is the President of Colfax Schools Foundation.
What is the revenue of Colfax Schools Foundation?
Colfax Schools Foundation's revenue in 2022 was $69,140.
Who are the executives of Colfax Schools Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Colfax Schools Foundation?
Colfax Schools Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Colfax Schools Foundation
The Colfax Schools Foundation, as an organization, is dedicated to providing scholarships for graduates of Colfax, Washington High School. Its primary mission is to offer financial aid services with the aim of helping students continue their education beyond high school. By offering scholarships, the foundation aims to support the academic pursuits of its community's young people, thereby contributing to their personal growth and future success. The Colfax Schools Foundation plays a crucial role in making higher education more accessible to local students, thereby empowering them to achieve their dreams and contribute positively to society.
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Impact
August, 2024
The Colfax Schools Foundation's impact is significant in providing scholarships for graduates of Colfax, WA High School. Through its student financial aid services, the Foundation helps students pursue their educational goals and alleviate financial barriers. By offering these scholarships, the Foundation contributes to the educational advancement of students in Colfax, WA, empowering them to achieve their academic aspirations.
This information is meant to be a general summary of Colfax Schools 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: $20,586
- Gross Receipts: $69,140
Assets and Liabilities:
- Total Assets: $446,084
- Total Liabilities: $2,000
- Net Assets: $444,084
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Organization Details
Phone
(509) 397-4661Principal Officer
Mary Ann Wigen
Main Address
223 N MAIN STREET, COLFAX, WA, 99111
NTEE Category
Code: B82 - Education
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