Overview
What is Prosper Education Foundation?
Prosper Education Foundation, located at 130 N Preston Rd Suite 205, Prosper, TX 75078, is a nonprofit organization with a mission to foster the growth, development, and support of all students, faculty, and programs within Prosper Independent School District. Over the years, they have generously awarded scholarships totalling 191,492 to graduating high school seniors. With a team of four dedicated individuals, they contribute significantly to enriching the educational experience within their community.
Official website here: www.prospereducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Star rating)
The Prosper Education Foundation has received a low rating of 54%, which indicates significant concerns regarding its accountability and financial management. The score is heavily influenced by the absence of independent board members, as all eight members lack independence. This raises questions about governance and the potential for conflicts of interest within the organization.
Despite its shortcomings in board independence and missing key policies such as a conflict of interest and whistleblower policy, the organization does demonstrate a commendable program expense ratio of 79.51%, suggesting that a substantial portion of its funds is directed towards its educational programs. Additionally, the foundation has maintained a healthy liabilities to assets ratio, which reflects solid financial management in that aspect.
However, the lack of financial transparency is a notable limitation. The absence of financial statements and required documents on the nonprofit's website could hinder potential donors' ability to assess the organization's financial health and integrity. Overall, while Prosper Education Foundation may be effectively utilizing funds for its programs, serious governance and transparency issues are evident.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Prosper Education Foundation?
100% of reviewers on Facebook recommend Prosper Education Foundation. Here is a summary of their reviews:
The feedback highlights a strong sense of appreciation among students who have benefited from the Foundation's scholarships. One recipient expressed heartfelt gratitude, noting the organization's commitment to supporting graduates and providing valuable opportunities for educational advancement.
The overall sentiment reflects high satisfaction with the Foundation's mission and its tangible impact on students' lives. Their efforts to aid local graduates have clearly resonated with the community, indicating that the nonprofit effectively fulfills its promises to support education.
This AI summary has been generated from reviews found on Facebook.
Is Prosper Education Foundation legitimate?
Prosper Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosper 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,234
For more financial information, click here
Official website here: www.prospereducationfoundation.org
What is the mission statement of Prosper Education Foundation?
The Prosper Education Foundation's mission is centered around funding the growth, development, and support of all students, faculty, and programs within the Prosper Independent School District. Their primary objective is to contribute financially to the betterment of these educational entities. Notably, they have distributed over 191,000 scholarships to graduating seniors, indicating their commitment to supporting students' academic pursuits beyond high school. The foundation's activities are geared towards empowering the entire educational community within the district.
Official website here: www.prospereducationfoundation.org
Who is the CEO of Prosper Education Foundation?
Brad Stein is the President of Prosper Education Foundation.
Official website here: www.prospereducationfoundation.org
What is the revenue of Prosper Education Foundation?
Prosper Education Foundation's revenue in 2022 was $1,426,201.
Official website here: www.prospereducationfoundation.org
Who are the executives of Prosper Education Foundation and what are their salaries?
The average compensation at Prosper Education Foundation during 2022 was $27,808. There are 4 employees and 112 volunteers at Prosper Education Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.prospereducationfoundation.org
Where can I find the form 990 for Prosper Education Foundation?
Prosper Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prospereducationfoundation.org
Learn more at the official website: www.prospereducationfoundation.org
Mission Statement of Prosper Education Foundation
Prosper Education Foundation, a nonprofit organization, is committed to fostering the growth, development, and support of all students, faculty, and programs within Prosper Independent School District. Their mission is to provide financial aid, ensuring that each beneficiary has the necessary resources to thrive academically and personally. The foundation has demonstrated its dedication by awarding scholarships totalling 191,492 dollars to graduating seniors, enabling them to pursue further education and opportunities.
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Impact
July, 2024
Prosper Education Foundation has made a significant impact by awarding $191,492 in scholarships to graduating seniors in Prosper ISD. This support directly contributes to the growth, development, and success of students, faculty, and programs within the school district. Through its mission to fund education initiatives, the foundation plays a crucial role in empowering the community and ensuring that all individuals involved in Prosper ISD have the resources they need to thrive.
This information is meant to be a general summary of Prosper 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: $5,409
- Gross Receipts: $1,441,835
Assets and Liabilities:
- Total Assets: $2,337,393
- Total Liabilities: $1,676
- Net Assets: $2,335,717
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Organization Details
Founding Year
1996
Phone
(469) 208-7075Principal Officer
Brad Stein
Main Address
130 N PRESTON RD SUITE 205, PROSPER, TX, 75078
NTEE Category
Code: B25 - Education
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