Overview
What is Simi Valley Education Foundation?
The Simi Valley Education Foundation is a nonprofit organization based in Simi Valley, California. With a single employee, their primary mission is to support local public schools within the Simi Valley Unified School District. They provide assistance in acquiring necessary classroom projects, supplies, educational programs, and resources that are not covered by the school budget. This foundation acts as a crucial ally in enhancing the educational experience for students in the district.
Official website here: www.svef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
The Simi Valley Education Foundation has received a low score of 36%, translating to a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization's accountability and financial practices, which are critical factors for donors and stakeholders when evaluating nonprofit effectiveness.
While the foundation boasts a fully independent board and adheres to some transparency measures, such as posting board meeting minutes and listing its website on tax forms, it falls short in several key areas. Notably, there are no policies in place for conflict of interest, whistleblowing, or document retention, which can raise red flags regarding governance and operational integrity.
Additionally, the foundation has been rated poorly in financial metrics, including liabilities to assets ratio and program expense ratio. These deficiencies suggest that a substantial portion of resources may not be directed toward mission-related activities, which could limit the organization's impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Simi Valley Education Foundation legitimate?
Simi Valley Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simi Valley 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: $33,075
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.svef.org
What is the mission statement of Simi Valley Education Foundation?
The Simi Valley Education Foundation's mission is centered around supporting public schools and students within their respective district. This organization strives to aid local educational institutions by providing assistance for various classroom projects, necessary supplies, educational programs, and other essential needs that may not be covered by the school budget. In essence, their mission is to reinforce and augment the educational experiences of students, ensuring they have the resources necessary for a well-rounded education.
Official website here: www.svef.org
What is the revenue of Simi Valley Education Foundation?
Simi Valley Education Foundation's revenue in 2023 was $95,125.
Official website here: www.svef.org
Who are the executives of Simi Valley Education Foundation and what are their salaries?
The average compensation at Simi Valley Education Foundation during 2023 was $33,075. There is 1 employee and 50 volunteers at Simi Valley Education Foundation.
Here are 5 key members and their salaries:
- Compensation: $33,075
- Related: $0
- Other: $0
- 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.svef.org
Where can I find the form 990 for Simi Valley Education Foundation?
Simi Valley Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.svef.org
Learn more at the official website: www.svef.org
Mission Statement of Simi Valley Education Foundation
The Simi Valley Education Foundation is dedicated to supporting public schools and students within the Simi Valley Unified School District. In pursuit of this mission, the organization provides essential assistance to local schools, addressing the necessity for classroom projects, supplies, educational programs, and other requirements that may not be covered by the school budget. This commitment to education and student success ensures that students in the district have access to the resources they need to thrive academically.
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Impact
August, 2024
Simi Valley Education Foundation plays a crucial role in supporting public schools and students in the Simi Valley Unified School District. They provide essential assistance to local public schools for classroom projects, supplies, education programs, and other needs that are not covered by the school budget. By bridging the gap and filling in these funding gaps, the foundation helps ensure that students have access to quality education and resources that contribute to their academic success. Through their efforts, they contribute to the overall improvement of the educational experience for students in Simi Valley.
This information is meant to be a general summary of Simi Valley 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 2023.
- Investment Income: $8,768
- Gross Receipts: $130,778
Assets and Liabilities:
- Total Assets: $218,343
- Total Liabilities: $0
- Net Assets: $218,343
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Organization Details
Founding Year
1991
Principal Officer
Eric Lundstrom
Website
www.svef.orgNTEE Category
Code: B112 - Education
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