Overview
What is Watchung Educational Foundation Inc?
Watchung Educational Foundation Inc is a nonprofit organization, headquartered in Watchung, New Jersey. Their primary mission is to raise funds and provide grants to support the Watchung Valley View Middle and Bayberry Elementary Schools. By doing so, they aim to enhance educational resources, particularly in areas such as reading, writing, lesson plans, and STEM subjects, as well as supplying materials like Chromebooks, math books, and science equipment. The foundation's ultimate goal is to uphold and improve the quality of education within the public schools of Watchung, New Jersey.
Official website here: www.wefund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Watchung Educational Foundation Inc has received a low rating of 56% on Charity Navigator, indicating significant concerns in its accountability and financial practices. The organization’s score reflects a lack of independent board members, which raises questions about governance and oversight. Additionally, the absence of key policies such as those addressing conflicts of interest and whistleblower protections further highlights potential vulnerabilities in its operational framework.
Despite these shortcomings, the foundation shows a strong commitment to program spending, with a program expense ratio of 97.83%. This suggests that a significant portion of its resources is directed towards fulfilling its mission. Furthermore, the foundation has demonstrated good practices in certain areas, such as maintaining meeting minutes and having a zero liability to assets ratio.
However, the missing documents and policies point to areas needing improvement. For potential donors and stakeholders, these issues could serve as red flags regarding the foundation's overall governance and transparency. Addressing these gaps would be essential for enhancing trust and increasing operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Watchung Educational Foundation Inc legitimate?
Watchung Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watchung Educational 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.wefund.org
What is the mission statement of Watchung Educational Foundation Inc?
The Watchung Educational Foundation Inc's mission is centered around raising funds to enhance and maintain the quality of education in public schools. Specifically, they aim to support various educational resources through grants, benefiting institutions such as Watchung Valley View Middle and Bayberry Elementary Schools. These funds are utilized to improve resources for subjects like reading, writing, and lesson plans, as well as in areas like STEM, chromebooks, mathematics, and science. Essentially, the foundation's goal is to contribute to the betterment of educational experiences and resources.
Official website here: www.wefund.org
Who is the CEO of Watchung Educational Foundation Inc?
Angela Hoyt is the President of Watchung Educational Foundation Inc.
Official website here: www.wefund.org
What is the revenue of Watchung Educational Foundation Inc?
Watchung Educational Foundation Inc's revenue in 2022 was $8,610.
Official website here: www.wefund.org
Who are the executives of Watchung Educational Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.wefund.org
Where can I find the form 990 for Watchung Educational Foundation Inc?
Watchung Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wefund.org
Learn more at the official website: www.wefund.org
Mission Statement of Watchung Educational Foundation Inc
Watchung Educational Foundation Inc, as its name suggests, is a nonprofit organization dedicated to raising funds. Its primary mission is to apply these funds towards the maintenance and enhancement of quality education in public schools. More specifically, the foundation focuses on supporting the Watchung Valley View Middle and Bayberry Elementary Schools with resources that enhance various aspects of education. This includes improving resources for reading, writing, and lesson plans, as well as investing in STEM, chromebooks, math, and science programs. By providing these financial contributions, Watchung Educational Foundation Inc aims to contribute positively to the educational experiences of students in these schools.
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Impact
August, 2024
Watchung Educational Foundation Inc's impact is significant in enhancing the quality of education in the public schools of Watchung, New Jersey. By raising funds and providing grants to schools like Watchung Valley View Middle and Bayberry Elementary, the foundation supports various educational resources crucial for student learning. These resources include those for reading, writing, lesson plans, STEM education, Chromebooks, math, and science. Through its efforts, the foundation plays a vital role in enriching the educational experience of students in Watchung and promoting academic success.
This information is meant to be a general summary of Watchung Educational 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: $3
- Gross Receipts: $8,610
Assets and Liabilities:
- Total Assets: $101,776
- Total Liabilities: $0
- Net Assets: $101,776
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Organization Details
Founding Year
2006
Phone
(908) 668-9912Principal Officer
Angela Hoyt
Main Address
PO BOX 7152, WATCHUNG, NJ, 07069
Website
www.wefund.orgNTEE Category
Code: B122 - Education
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