Overview
What is Madison Central School Educational Foundation Inc?
Madison Central School Educational Foundation Inc, based in Madison, South Dakota at 800 NE 9th Street, is a nonprofit organization dedicated to providing educational scholarships for students within the Madison Central School District. Through their mission, they aim to enhance the educational opportunities for local students, fostering their academic growth and future success. The Foundation's activities are centered around this objective, ensuring that financial constraints do not hinder the pursuit of knowledge and personal development for district students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating.
The Madison Central School Educational Foundation Inc has received a Two-Star rating, indicating some areas of strength but also significant weaknesses in transparency and accountability. The organization demonstrates a strong commitment to independent governance, with a board comprised entirely of independent members. Additionally, it showcases an impressive program expense ratio of 99.99%, suggesting that nearly all funds are directed towards its educational programs.
However, the foundation's rating is impacted by several lack of financial documentation, including missing financial statements and a failure to post important documents like its tax forms on the website. Other governance policies, such as a whistleblower policy and document retention policy, are also absent. These gaps highlight areas for improvement, particularly in financial transparency and adherence to best practices in governance that are essential for maintaining donor trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Central School Educational Foundation Inc legitimate?
Madison Central School Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Central School 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.
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What is the mission statement of Madison Central School Educational Foundation Inc?
The Madison Central School Educational Foundation Inc is committed to providing educational scholarships for students within the Madison Central School District. This non-profit organization aims to support the academic pursuits of its district's students, thereby empowering them to access higher education opportunities. By offering scholarships, the foundation seeks to alleviate financial burdens and enhance the educational prospects of deserving students. The foundation's mission is centered around fostering educational growth and promoting academic success within the district community.
Who is the CEO of Madison Central School Educational Foundation Inc?
Jennifer Gross is the Director of Madison Central School Educational Foundation Inc.
What is the revenue of Madison Central School Educational Foundation Inc?
Madison Central School Educational Foundation Inc's revenue in 2022 was $515,353.
Who are the executives of Madison Central School Educational Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Madison Central School Educational Foundation Inc?
Madison Central School Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Madison Central School Educational Foundation Inc
Madison Central School Educational Foundation Inc is dedicated to providing educational scholarships for students within the Madison Central School District. This nonprofit organization's mission is to support the academic growth and opportunities of these students by offering financial aid. By providing scholarships, it aims to alleviate some of the financial burdens associated with higher education, enabling students to pursue their educational goals without undue financial stress. The Foundation's activities are centered around this mission, working to make quality education more accessible to students within the district.
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Impact
July, 2024
Madison Central School Educational Foundation Inc impacts students in the Madison Central School District by providing education scholarships. Through these scholarships, students are given the opportunity to further their education and pursue their academic goals. By supporting these students financially, the foundation plays a pivotal role in helping them achieve success and reach their full potential. Through its dedication to education scholarships, Madison Central School Educational Foundation Inc is making a significant difference in the lives of students in the district.
This information is meant to be a general summary of Madison Central School 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.
- Gross Receipts: $515,353
Assets and Liabilities:
- Total Assets: $1,098,415
- Total Liabilities: $0
- Net Assets: $1,098,415
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Organization Details
Founding Year
2007
Phone
(605) 256-7700Principal Officer
Jennifer Gross
Main Address
800 NE 9TH STREET, MADISON, SD, 57042
NTEE Category
Code: B11 - Education
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