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Somers Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731702479 ✦ Somers, CT ✦ Designated as a 501(c)(3)

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Overview

What is Somers Education Foundation Inc?

The Somers Education Foundation Inc, situated in Somers, Connecticut, is a nonprofit organization dedicated to supporting the local public schools. Their primary mission is to preserve the community's commitment to educational excellence in the Somers Public Schools. To achieve this, they provide funding for innovative projects and programs that enhance student learning. This funding is intended to extend beyond the regular school budget, enabling the schools to implement initiatives that foster educational growth and development. The Foundation's activities include granting resources for educational purposes and professional development, contributing to the overall enhancement of the learning environment in the Somers Public Schools.


Official website here: www.sefonline.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% - Three-Star out of Four Star rating

The Somers Education Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is based solely on the organization's accountability and finance practices. The foundation exhibits strong governance with 100% independent board members and a solid asset management record, showing no material diversion of assets.

Strengths include excellent ratios in liabilities to assets and program expenses, both scoring full points. The foundation's transparency is evident with essential documents readily available, such as board meeting minutes and tax forms. However, certain policies, including conflict of interest and whistleblower policies, are missing, which negatively impacted the score in those areas.

While the foundation demonstrates robust financial health and governance, the absence of key policies indicates areas for improvement. Addressing these gaps could enhance its overall accountability and bolster trust among stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Somers Education Foundation Inc legitimate?

Somers Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somers 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: $0

For more financial information, click here


Official website here: www.sefonline.org

What is the mission statement of Somers Education Foundation Inc?

The Somers Education Foundation Inc's mission is centered around preserving the commitment to educational excellence within the Somers Public Schools. They achieve this by providing funding for innovative projects and programs that enhance student learning. This non-profit organization believes in fostering educational growth through grants, specifically for educational initiatives and professional development. Their aim is to continuously improve the learning environment and experiences for the students.


Official website here: www.sefonline.org

Who is the CEO of Somers Education Foundation Inc?

Paul Salva is the President of Somers Education Foundation Inc.


Official website here: www.sefonline.org

What is the revenue of Somers Education Foundation Inc?

Somers Education Foundation Inc's revenue in 2023 was $98,928.


Official website here: www.sefonline.org

Who are the executives of Somers Education Foundation Inc and what are their salaries?


Here are 4 key members and their salaries:


Paul Salva (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mailhot (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Bernier (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Castonguay (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sefonline.org

Where can I find the form 990 for Somers Education Foundation Inc?

Somers Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.sefonline.org

Learn more at the official website: www.sefonline.org

Mission Statement of Somers Education Foundation Inc

The Somers Education Foundation Inc, a non-profit organization, is dedicated to preserving the community's commitment to educational excellence in the Somers Public Schools. Their mission is to achieve this by providing funding for innovative projects and programs that enhance student learning. This involves supporting the public schools in areas of education and professional development, aiming to foster a conducive learning environment that encourages growth and development in students.

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Impact




October, 2024

Somers Education Foundation Inc plays a vital role in enhancing the educational experience for students in the Somers Public Schools. By providing funding for innovative projects and programs, the foundation helps to foster a culture of educational excellence within the community. The grants awarded support various initiatives and professional development opportunities that directly impact student learning.

The foundation's commitment not only addresses immediate educational needs but also inspires creative teaching methods and enriching learning experiences. This support allows educators to implement unique programs that engage students and promote a deeper understanding of the curriculum. As a result, the Somers Education Foundation Inc significantly contributes to the overall quality of education in the Somers community, ensuring that students benefit from a dynamic and resourceful learning environment.




This information is meant to be a general summary of Somers 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.

Revenue
$98,928 (2023)
Expenses
$56,766 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $25,968
  • Gross Receipts: $101,717

Assets and Liabilities:

  • Total Assets: $875,971
  • Total Liabilities: $0
  • Net Assets: $875,971

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Organization Details

Founding Year

2004

Principal Officer

Paul Salva

Main Address

PO BOX 624, SOMERS, CT, 06071

NTEE Category

Code: B11 - Education

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