Overview
What is The More Foundation?
The More Foundation, based in Ardmore, Oklahoma, is a compact nonprofit organization with a single employee. Their primary mission is to support the educational aspirations of Carter County public high school graduates from average-income families. They accomplish this by offering financial incentives, enabling these individuals to pursue higher education at Oklahoma's colleges, universities, and vocational-technical schools of their choice. This initiative aims to broaden their educational horizons and contribute positively to their future careers.
Official website here: www.themorefoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The More Foundation has achieved an impressive score of 97%, indicating strong performance in terms of accountability and finance. This rating reflects the organization's commitment to maintaining a high standard of transparency and governance, with all board members being independent and a robust set of policies in place to manage conflicts of interest and protect whistleblowers.
The foundation excels in its financial metrics, demonstrated by a program expense ratio of 86.82%, meaning a significant portion of its funds directly supports its mission-driven activities. Additionally, its low liabilities to assets ratio of 0.60% suggests sound financial health, enabling the organization to effectively manage its resources and fulfill its objectives.
While the rating highlights numerous strengths, it's important for potential donors and stakeholders to consider the foundation's overall impact in the community, which isn't detailed in the financial metrics. Nonetheless, the foundation's strong governance and financial practices position it favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The More Foundation legitimate?
The More Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The More 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $71,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.themorefoundation.com
What is the mission statement of The More Foundation?
The More Foundation's mission is centered around offering financial incentives to graduates from average income households of Carter County public high schools. This foundation encourages these individuals to pursue their higher education goals at Oklahoma colleges, universities, and vocational-technical schools of their choice. The primary activity of The More Foundation is providing scholarships to aid in the furtherance of post-high school education for local students.
Official website here: www.themorefoundation.com
Who is the CEO of The More Foundation?
Dr Jeni Baker is the Chair, Trustee of The More Foundation.
Official website here: www.themorefoundation.com
What is the revenue of The More Foundation?
The More Foundation's revenue in 2022 was $579,406.
Official website here: www.themorefoundation.com
Who are the executives of The More Foundation and what are their salaries?
The average compensation at The More Foundation during 2022 was $71,200. There is 1 employee at The More Foundation.
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Official website here: www.themorefoundation.com
Where can I find the form 990 for The More Foundation?
The More Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themorefoundation.com
Learn more at the official website: www.themorefoundation.com
Mission Statement of The More Foundation
The More Foundation, a nonprofit organization, is committed to providing financial incentives to graduates from public high schools in Carter County, hailing from families with average incomes. Its mission is to encourage these individuals to pursue higher education goals at colleges, universities, and vocational-technical schools of their choice in Oklahoma. By offering scholarships, The More Foundation aims to foster post-high school education among its recipients, thereby broadening their horizons and opening up new opportunities for their futures.
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Impact
July, 2024
The More Foundation's impact lies in providing crucial financial incentives to Carter County public high school graduates from average income families, enabling them to pursue higher education goals at various Oklahoma colleges, universities, and vocational-technical schools of their choice. Through scholarships, this foundation supports area students in furthering their post-high school education, ultimately contributing to the educational advancement and career prospects of these individuals.
This information is meant to be a general summary of The More 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.
- Gross Receipts: $603,217
Assets and Liabilities:
- Total Assets: $474,261
- Total Liabilities: $2,844
- Net Assets: $471,417
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Organization Details
Founding Year
1990
Phone
(580) 223-1560Principal Officer
Dr Jeni Baker
Main Address
301 W MAIN STREET 510, ARDMORE, OK, 73401
Website
www.themorefoundation.comNTEE Category
Code: B82J - Education
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