Overview
What is Troup Education Foundation Inc?
Troup Education Foundation Inc, situated in Troup, Texas, is a nonprofit organization dedicated to offering scholarships and financial aid to students within the Troup Independent School District. Their mission is centered around supporting the educational aspirations of local students, providing them with the necessary financial assistance to pursue their academic goals. The foundation's primary activity involves awarding scholarships, thus empowering talented and deserving students to pursue their dreams of higher education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (Needs Improvement)
The Troup Education Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization is performing adequately in certain areas, it has significant room for improvement. The overall score is 73%, with notable strengths in its accountability and finance practices, particularly the independence of its board members and the lack of asset diversion. However, critical governance policies such as conflict of interest, whistleblower, and document retention are missing, which raises concerns about operational transparency.
The foundation has demonstrated a solid program expense ratio of 75.68%, indicating that a substantial portion of its funds is directed towards its initiatives. However, its lack of publicly available documents, including tax forms and critical governance policies, reflects a gap in organizational transparency that could affect donor confidence. The absence of certain scored areas, such as impact measurement and community culture, suggests that more information about the foundation's effectiveness and community engagement is needed.
In summary, while the Troup Education Foundation has some commendable practices and a strong commitment to its programs, the identified shortcomings in governance and transparency warrant attention. Addressing these issues could enhance the organization's trustworthiness and overall impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Troup Education Foundation Inc legitimate?
Troup Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troup 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.
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What is the mission statement of Troup Education Foundation Inc?
The Troup Education Foundation, as a scholarship or financial aid organization, is committed to providing financial aid to students enrolled in Troup Independent School District. Its mission, in essence, is to empower these students by alleviating some of the financial burdens associated with education, thereby enabling them to pursue their academic goals more effectively. The foundation serves as a crucial source of support, offering scholarships that can help deserving students overcome financial constraints and focus on their studies. By doing so, the Troup Education Foundation contributes significantly to the educational success of its beneficiaries.
Who is the CEO of Troup Education Foundation Inc?
Joe Mcelroy is the President of Troup Education Foundation Inc.
What is the revenue of Troup Education Foundation Inc?
Troup Education Foundation Inc's revenue in 2022 was $31,930.
Who are the executives of Troup Education Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Troup Education Foundation Inc?
Troup Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Troup Education Foundation Inc
Troup Education Foundation, a distinguished scholarship or financial aid organization, is committed to supporting students within the Troup Independent School District. Its primary mission is to provide financial aid, in the form of scholarships, to these students, thereby enabling them to pursue their educational goals. By offering scholarships, Troup Education Foundation aims to alleviate some of the financial burdens that may hinder a student's ability to attend and succeed in higher education. This nonprofit organization plays a significant role in empowering young individuals by providing them with the opportunity to further their education, thereby potentially opening doors to numerous possibilities in their future.
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Impact
August, 2024
Troup Education Foundation Inc's impact is significant as it provides scholarships to Troup ISD students, enabling them to pursue higher education and achieve their academic goals. By awarding these scholarships, the foundation supports students in their educational endeavors, helping them to access opportunities that may have otherwise been out of reach. This not only benefits the individual students but also contributes to the overall advancement of education within the Troup community.
This information is meant to be a general summary of Troup 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $20,774
- Gross Receipts: $103,884
Assets and Liabilities:
- Total Assets: $690,100
- Total Liabilities: $0
- Net Assets: $690,100
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Organization Details
Founding Year
1994
Principal Officer
Joe Mcelroy
Main Address
PO Box 125, Troup, TX, 75789
NTEE Category
Code: B82 - Education
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