Overview
What is West Lyon School Foundation Inc?
West Lyon School Foundation Inc is a nonprofit organization dedicated to managing and distributing funds for educational and scientific purposes. They accept donations from various sources and provide financial and other forms of support to exempt educational and scientific institutions. Additionally, the foundation awards scholarships and grants to individuals, thereby contributing to the educational sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
The West Lyon School Foundation Inc received a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial performance. The overall score is based solely on the Accountability & Finance beacon, highlighting the importance of these metrics in evaluating the nonprofit's effectiveness.
The foundation scored exceptionally well in several key areas, including having a fully independent board and no material diversion of assets. Additionally, they maintain a perfect program expense ratio, indicating that all funds are directed towards their programs. The documentation of board meeting minutes also reflects strong governance practices.
However, the two-star rating suggests that there may be room for improvement in other performance areas not covered by the current metrics. While the foundation demonstrates solid financial accountability, the limited overall score indicates potential concerns regarding other operational aspects that could be addressed to enhance their organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is West Lyon School Foundation Inc legitimate?
West Lyon School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Lyon School 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
What is the mission statement of West Lyon School Foundation Inc?
The West Lyon School Foundation Inc's mission is centered around accepting, managing, and dispersing funds for educational and scientific purposes. These funds are sourced from various individuals, organizations, and corporations. The foundation also contributes financially and in other ways to exempt educational and scientific institutions, both incorporated and non-incorporated. Furthermore, it awards scholarships and grants to individuals in need, supporting their educational pursuits.
Who is the CEO of West Lyon School Foundation Inc?
Robert Tracy is the Director of West Lyon School Foundation Inc.
What is the revenue of West Lyon School Foundation Inc?
West Lyon School Foundation Inc's revenue in 2020 was $30,284.
Who are the executives of West Lyon School Foundation Inc and what are their salaries?
There 5 volunteers at West Lyon School Foundation Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for West Lyon School Foundation Inc?
West Lyon School Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of West Lyon School Foundation Inc
West Lyon School Foundation Inc is an organization dedicated to collecting, managing, and distributing funds for educational and scientific purposes. It accepts donations from various sources, including individuals, firms, and corporations, and then channels these resources to exempt institutions that are exempt from federal income tax. The foundation's mission extends beyond financial aid, as it also provides scholarships and grants to individuals. By doing so, West Lyon School Foundation Inc plays a significant role in supporting educational institutions and empowering individuals, contributing to the broader educational and scientific communities.
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Impact
August, 2024
West Lyon School Foundation Inc's impact is evident in its dedication to accepting, holding, administering, investing, and dispersing funds for education and scientific purposes. Through its efforts, the foundation contributes financial and other forms of assistance to education and scientific institutions, both incorporated and non-incorporated, that are exempt from federal income tax. Additionally, the foundation awards scholarships and grants to individuals, thereby supporting the pursuit of higher education and research in these fields. This impactful work helps advance educational opportunities and scientific endeavors within the community it serves.
This information is meant to be a general summary of West Lyon School 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 2020.
- Investment Income: $4,497
- Gross Receipts: $30,284
Assets and Liabilities:
- Total Assets: $322,919
- Total Liabilities: $0
- Net Assets: $322,919
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Organization Details
Founding Year
2001
Phone
(712) 753-4917Principal Officer
Robert Tracy
Main Address
1787 182ND ST, INWOOD, IA, 51240
NTEE Category
Code: B112 - Education
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