Overview
What is Educational Found Of The Americas Inc Formerly Peterson Educational Foundation?
The Educational Found of the Americas Inc., formerly known as the Peterson Educational Foundation, is a nonprofit organization situated in San Antonio, Texas. Its primary focus is to support education within the Hispanic community, with a particular emphasis on enhancing and stimulating educational quality. They offer scholarships for students to attend bilingual schools and aim to establish bilingual libraries in Mexico. The foundation's mission extends beyond providing financial aid, as they also aim to identify and promote successful educational programs and institutions within the Hispanic community. Their ultimate goal is to empower this community to participate effectively in modern society and the global economy through bilingual or trilingual education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Educational Foundation of the Americas demonstrates some commendable practices, it also has significant areas needing improvement. The organization maintains a strong accountability and finance score, with a high program expense ratio of 76.68%, suggesting that a substantial portion of its resources is directed towards its programs.
Strengths of the organization include a fully independent board and a solid liabilities to assets ratio of 0.00%, indicating financial stability. Additionally, the foundation documents board meeting minutes, which reflects transparency in governance. However, the absence of key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, raises concerns about governance practices.
The lack of publicly available tax forms on the nonprofit's website further diminishes its transparency. Overall, while the Educational Foundation of the Americas shows promise with certain financial metrics and governance structures, the missing policies and documentation highlight significant weaknesses that need to be addressed for improved accountability and trust.
This AI summary has been generated from information found on Charity Navigator.
Is Educational Found Of The Americas Inc Formerly Peterson Educational Foundation legitimate?
Educational Found Of The Americas Inc Formerly Peterson Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Found Of The Americas Inc Formerly Peterson Educational 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Educational Found Of The Americas Inc Formerly Peterson Educational Foundation?
The Educational Found of the Americas Inc., formerly known as the Peterson Educational Foundation, aims to enhance and stimulate the quality of education within the Hispanic community in the Americas. With a particular focus, they identify and promote exemplary educational programs or institutions. Furthermore, the organization encourages bilingual or trilingual education, aiming to prepare this community to actively participate in contemporary society and the global economy. They also provide scholarships for students to attend bilingual schools and establish bilingual libraries in Mexico.
Who is the CEO of Educational Found Of The Americas Inc Formerly Peterson Educational Foundation?
Kenneth A Peterson is the President of Educational Found Of The Americas Inc Formerly Peterson Educational Foundation.
What is the revenue of Educational Found Of The Americas Inc Formerly Peterson Educational Foundation?
Educational Found Of The Americas Inc Formerly Peterson Educational Foundation's revenue in 2022 was $1,943.
Who are the executives of Educational Found Of The Americas Inc Formerly Peterson Educational Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Educational Found Of The Americas Inc Formerly Peterson Educational Foundation?
Educational Found Of The Americas Inc Formerly Peterson Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Educational Found Of The Americas Inc Formerly Peterson Educational Foundation
The Educational Found of the Americas Inc, formerly known as the Peterson Educational Foundation, is committed to improving and stimulating the quality of education within the Hispanic community across the Americas. With a particular focus on this community, the organization aims to identify and promote exemplary educational programs and institutions. Furthermore, the foundation seeks to foster bilingual or trilingual education, empowering this community to actively engage in modern society and participate effectively in the global economy. To achieve this, the foundation provides scholarships for students to attend bilingual schools and establishes bilingual libraries in Mexico.
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Impact
August, 2024
Educational Found Of The Americas Inc Formerly Peterson Educational Foundation has had a significant impact by providing scholarships for students to attend bilingual schools and establishing bilingual libraries in Mexico. The foundation's mission is to improve and stimulate the quality of education in the Hispanic community of the Americas, with a focus on identifying and promoting model programs and educational institutions. Additionally, they aim to foster bilingual or trilingual education to enable this community to participate effectively in modern society and the global economy. Their work includes offering scholarships, travel grants, and funding for bilingual libraries, all towards enhancing educational opportunities for students in bilingual settings.
This information is meant to be a general summary of Educational Found Of The Americas Inc Formerly Peterson Educational 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: $1,943
- Gross Receipts: $1,943
Assets and Liabilities:
- Total Assets: $225,155
- Total Liabilities: $0
- Net Assets: $225,155
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Organization Details
Founding Year
1999
Phone
(210) 366-9430Principal Officer
Kenneth A Peterson
Main Address
7800 IH 10 WEST 505, SAN ANTONIO, TX, 78230
NTEE Category
Code: B90 - Education
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