Overview
What is Spiro School Foundation For Educational Excellence Inc?
The Spiro School Foundation for Educational Excellence Inc, based in Spiro, Oklahoma, is a nonprofit organization dedicated to enhancing the educational experiences of students at Spiro Public Schools. Serving around 1,000 students from kindergarten to twelfth grade, the foundation promotes a sense of community and inclusivity. Their primary mission involves providing scholarships to deserving graduating seniors to support their higher education pursuits. In 20XX, scholarships worth $21,500 were awarded to several students, including Dru Gilliam, Ashlyn Perry, Sadie Bridges, Landry Gist, Jared Huff, Lydia Logston, Taryn Ridenour, Tyler Locke, Haley Wolff, and Kaitlyn Smith. Additionally, the foundation offers concurrent scholarships to help eligible high school students cover fees for college courses. This initiative enables students to gain early access to higher education, ultimately fostering academic growth and achievement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 60% (Two-Star out of Four Star rating)
The Spiro School Foundation For Educational Excellence Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The overall score of 60% reflects concerns primarily in the accountability and finance categories. Notably, the organization lacks independent board members, which raises questions about governance and oversight.
Despite these weaknesses, the foundation has demonstrated positive financial practices, such as a strong program expense ratio of 86.71%, which suggests that a significant portion of its funds is directed towards its mission. Additionally, the organization has not reported any material diversion of assets, indicating a level of financial integrity in its operations.
However, several important policies and documentation are missing, including a conflict of interest policy and a whistleblower policy, both of which are critical for maintaining transparency and accountability. Furthermore, the foundation's website is missing key documents like the tax form, which could enhance stakeholder trust and engagement. Overall, while the foundation shows promise in its program focus, it faces significant governance challenges that need to be addressed to improve its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Spiro School Foundation For Educational Excellence Inc legitimate?
Spiro School Foundation For Educational Excellence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spiro School Foundation For Educational Excellence 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.
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What is the mission statement of Spiro School Foundation For Educational Excellence Inc?
The Spiro School Foundation for Educational Excellence is dedicated to enhancing the educational objectives and possibilities of Spiro Public Schools, serving around 1,000 students from grades K-12. The foundation promotes a sense of community and inclusivity by engaging in various public support initiatives. One of their key activities is offering annual scholarships to graduating seniors, encouraging higher education and a culture of achievement. Recognizing the importance of concurrent enrollment, the foundation helps cover certain fees and costs for Spiro High School students enrolled in college courses, enabling them to access advanced coursework early. Beyond scholarships, the foundation extends support to the school in various ways.
Who is the CEO of Spiro School Foundation For Educational Excellence Inc?
Garon Mcclure is the President of Spiro School Foundation For Educational Excellence Inc.
What is the revenue of Spiro School Foundation For Educational Excellence Inc?
Spiro School Foundation For Educational Excellence Inc's revenue in 2022 was $106,480.
Who are the executives of Spiro School Foundation For Educational Excellence Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Spiro School Foundation For Educational Excellence Inc?
Spiro School Foundation For Educational Excellence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spiro School Foundation For Educational Excellence Inc
The Spiro School Foundation for Educational Excellence Inc is dedicated to enhancing the educational objectives and prospects of Spiro Public Schools, a significant institution catering to around 1000 students from kindergarten to twelfth grade. Their mission involves fostering a sense of community and inclusivity within the public sphere. To accomplish this, the foundation undertakes various initiatives. One of their key strategies is providing annual scholarships to graduating seniors, encouraging a culture of achievement and opportunities for further education. They also recognize the importance of concurrent enrollment in today's educational landscape. To facilitate this, the Foundation subsidizes certain fees and costs associated with Spiro High School students who are enrolled in college courses, enabling them to access advanced coursework and gain a head start in their collegiate journey. Besides scholarships, the foundation extends its support to the school in other ways.
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Impact
October, 2024
The Spiro School Foundation for Educational Excellence Inc significantly enhances the educational landscape for Spiro Public Schools, which serves approximately 1,000 students in grades K-12. By investing in the future of these students, the foundation fosters a culture of achievement and opportunity.
One of its key impacts is through a robust scholarship program, which awarded a total of $21,500 to graduating seniors, enabling them to pursue their higher education ambitions. This financial support not only aids students in their transition to college but also encourages a strong academic ethos within the community. Furthermore, the foundation addresses the pressing need for accessible advanced coursework by providing concurrent scholarships that cover fees for high school students enrolling in college courses, with a total of $3,028 awarded to six students. This initiative helps students gain valuable college credits while still in high school, giving them a significant advantage as they enter higher education.
In addition to individual scholarships, the foundation plays a vital role in fostering community engagement and inclusivity around educational excellence. Its multifaceted approach ensures that students have the resources and support necessary to succeed academically and prepares them for their future endeavors. Through these efforts, the foundation not only champions educational achievement but also strengthens the fabric of the Spiro community.
This information is meant to be a general summary of Spiro School Foundation For Educational Excellence 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: $30,418
- Gross Receipts: $106,480
Assets and Liabilities:
- Total Assets: $1,296,376
- Total Liabilities: $195,299
- Net Assets: $1,101,077
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Organization Details
Founding Year
1991
Phone
(918) 962-2401Principal Officer
Garon Mcclure
Main Address
PO BOX 127, SPIRO, OK, 74959
NTEE Category
Code: B82J - Education
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