Overview
What is Mckinney Education Foundation?
The Mckinney Education Foundation is a dedicated nonprofit organization based in McKinney, Texas, specifically at 510 Heard Street. Its mission is to inspire and support students and teachers from the McKinney Independent School District (ISD) in their pursuit of excellence, with the aim of making a positive impact on a child's life through education. In 2021-2022, the foundation awarded a substantial sum of $585,050 in scholarships to assist students in pursuing higher education. Furthermore, the foundation supports teachers through Classroom and Professional Development Grants, providing a total of $115,000 in funding for the 2021-2022 academic year. Additionally, the College Advisor Program, funded by Dream Builder donors, places full-time college advisors in three McKinney high schools, helping students and families navigate the college and financial aid process, securing an impressive $24,919,402 million in outside scholarships for students in 2021-2022. With a workforce of 7 dedicated individuals, the Mckinney Education Foundation continues to make a significant difference in the lives of students and teachers within the community.
Official website here: www.mckinneyef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating).
The McKinney Education Foundation has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's score is derived entirely from its Accountability & Finance metrics, underscoring its commitment to transparency and responsible fiscal management. The organization stands out for having a fully independent board, with all members meeting the criteria for independence, which enhances its governance.
Strengths include a high program expense ratio of 82.27%, indicating that the majority of its funding is directed toward its educational programs. Additionally, the foundation has no material diversion of assets, further illustrating its financial integrity. The presence of comprehensive policies such as conflict of interest and whistleblower policies shows a proactive approach to risk management.
While the overall rating is commendable, it's worth noting that the score is based solely on one beacon score. Thus, potential donors may want to consider other qualitative factors or recent activities of the foundation to gain a fuller understanding of its impact in the community. Overall, the McKinney Education Foundation appears to be a reliable organization with a strong focus on educational support.
This AI summary has been generated from information found on Charity Navigator.
Is Mckinney Education Foundation legitimate?
Mckinney Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mckinney Education 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: $94,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $284,518
For more financial information, click here
Official website here: www.mckinneyef.org
What is the mission statement of Mckinney Education Foundation?
The Mckinney Education Foundation's mission is centered around inspiring and assisting students and teachers in McKinney Independent School District, aiming to foster excellence and make a significant impact in a child's life through education. This is achieved through various initiatives, including providing scholarships for post-secondary education, funding classroom and professional development grants, and offering a college advisor program to help students navigate the college application and financial aid process, securing substantial external scholarships.
Official website here: www.mckinneyef.org
Who is the CEO of Mckinney Education Foundation?
Ashley Sine is the Executive Dir. of Mckinney Education Foundation.
Official website here: www.mckinneyef.org
What is the revenue of Mckinney Education Foundation?
Mckinney Education Foundation's revenue in 2022 was $1,500,466.
Official website here: www.mckinneyef.org
Who are the executives of Mckinney Education Foundation and what are their salaries?
The average compensation at Mckinney Education Foundation during 2022 was $54,137. There are 7 employees and 100 volunteers at Mckinney Education Foundation.
Here are 23 key members and their salaries:
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Official website here: www.mckinneyef.org
Where can I find the form 990 for Mckinney Education Foundation?
Mckinney Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mckinneyef.org
Learn more at the official website: www.mckinneyef.org
Mission Statement of Mckinney Education Foundation
The Mckinney Education Foundation, a dedicated nonprofit entity, has a mission centered around inspiring and aiding students and teachers in the McKinney Independent School District on their journey towards excellence. This endeavor is aimed at making a significant impact in a child's life through education. The organization's primary objective is to foster an environment that nurtures growth and development, ultimately enabling students and teachers to excel and make a meaningful difference. This mission is achieved through various initiatives, including providing scholarships for post-secondary education and funding classroom and professional development grants. The scholarship program assists deserving students in furthering their education at higher institutions, with an impressive $585,050 awarded in scholarships during the 2021-2022 academic year. The Classroom and Professional Development Grants, funded by the McKinney ISD and community, further support teachers, providing them with resources to enhance their teaching methods and continue their own professional growth, with $115,000 allocated in 2021-2022. The College Advisor Program, an additional initiative supported by Dream Builder donors, places full-time college advisors in three McKinney high schools. These advisors assist students and families in navigating the college and financial aid process, helping them secure an impressive $24,919,402 million in outside scholarships in 2021-2022, beyond the MEF Scholarships. This comprehensive approach to education development and support is a testament to Mckinney Education Foundation's commitment to inspiring and assisting students and teachers towards excellence.
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Impact
July, 2024
The impact of McKinney Education Foundation is profound. Through scholarships, classroom grants, and professional development opportunities, they inspire and assist McKinney ISD students and teachers toward excellence. In 2021-2022 alone, they awarded $585,050 in scholarships, provided $115,000 in grants for teachers, and helped students secure over $24,919,402 million in outside scholarships. Their College Advisor Program, supported by Dream Builder donors, places college advisors in McKinney high schools to guide students and families through the college and financial aid process. Overall, McKinney Education Foundation's dedication to education is making a significant difference in the lives of children in McKinney.
This information is meant to be a general summary of Mckinney Education 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: $182,105
- Gross Receipts: $1,670,539
Assets and Liabilities:
- Total Assets: $11,866,191
- Total Liabilities: $1,461,846
- Net Assets: $10,404,345
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Organization Details
Founding Year
1991
Phone
(469) 302-6313Principal Officer
Ashley Sine
Main Address
510 HEARD STREET, MCKINNEY, TX, 75069
Website
www.mckinneyef.orgNTEE Category
Code: B820 - Education
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