Overview
What is Breckenridge Education Foundation Inc?
The Breckenridge Education Foundation Inc is a dedicated nonprofit organization situated within the Breckenridge Independent School District. Their primary mission is to raise funds through grants, endowments, and donations, aiming to boost educational opportunities for individuals of all ages. These funds can be utilized for various purposes, such as meeting physical or professional development needs, funding extracurricular activities, or sponsoring special projects. The foundation may contribute to the purchase of essential resources like equipment, technology, books, curriculum, furniture, and facilities, as well as offering financial support for programs by providing stipends, covering the cost of instructional substitutes, and funding for field trips and training.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Breckenridge Education Foundation Inc has received a Two-Star rating from Charity Navigator, which indicates a moderate level of accountability and transparency. The organization scored well in several areas, including having a fully independent board of 10 members, a favorable liabilities to assets ratio of 0.00%, and a 100% program expense ratio, suggesting that all resources are directed toward its mission.
However, the Foundation has notable shortcomings that negatively impact its overall score. Key policies such as the conflict of interest policy, whistleblower policy, and document retention and destruction policy are missing, which raises concerns about governance and operational protocols. Additionally, the foundation's website is not listed on its tax form, which can hinder transparency for potential donors and stakeholders.
Overall, while the Breckenridge Education Foundation demonstrates strong financial management and governance through its independent board and asset management, the lack of crucial policies and missing information on its website indicate areas for improvement to enhance trust and credibility with the public.
This AI summary has been generated from information found on Charity Navigator.
Is Breckenridge Education Foundation Inc legitimate?
Breckenridge Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breckenridge 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Breckenridge Education Foundation Inc?
The Breckenridge Education Foundation Inc's mission is centered around procuring grants, endowments, and donations to bolster educational opportunities for individuals of all ages within the Breckenridge Independent School District. These funds can be utilized to address both physical and professional development needs, as well as sponsor extracurricular programs and special projects. The foundation's financial support extends to the acquisition of essential items such as equipment, technology, books, curriculum, furniture, and facilities, as well as providing stipends, covering instructor substitutes, and funding for field trips and training.
Who is the CEO of Breckenridge Education Foundation Inc?
Michael Herrington is the Vice Chairma of Breckenridge Education Foundation Inc.
What is the revenue of Breckenridge Education Foundation Inc?
Breckenridge Education Foundation Inc's revenue in 2022 was $5,195.
Who are the executives of Breckenridge Education Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Breckenridge Education Foundation Inc?
Breckenridge Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Breckenridge Education Foundation Inc
Breckenridge Education Foundation Inc is dedicated to securing grants, endowments, and donations with the primary goal of enhancing educational opportunities for individuals of all ages within the Breckenridge Independent School District. The foundation's mission encompasses various aspects of educational improvement, including meeting physical and professional development needs, supporting extracurricular programs, and sponsoring special projects. Funding provided by the foundation may range from purchasing necessary equipment, technology, books, and curriculum, to supplying stipends and covering expenses for instructional substitutes, field trips, and training. In essence, Breckenridge Education Foundation Inc plays a pivotal role in fostering a conducive learning environment for students and educators alike, ensuring that educational opportunities remain accessible and enriching for all.
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Impact
August, 2024
Breckenridge Education Foundation Inc's impact lies in its efforts to enhance educational opportunities for individuals of all ages within the Breckenridge Independent School District. By seeking and securing grants, endowments, and donations, the foundation is able to support a wide range of needs, from acquiring equipment and technology to funding extracurricular programs and special projects. Through its initiatives, the foundation plays a crucial role in providing resources that support physical and professional development, enrich curricula, and facilitate engaging educational experiences for the community.
This information is meant to be a general summary of Breckenridge 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.
- Gross Receipts: $5,195
Assets and Liabilities:
- Total Assets: $1,114
- Total Liabilities: $0
- Net Assets: $1,114
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Organization Details
Phone
(254) 559-8700Principal Officer
Michael Herrington
Main Address
PO BOX 701, BRECKENRIDGE, TX, 76424
NTEE Category
Code: B112 - Education
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