Overview
What is Foundation For Lovejoy Schools?
The Foundation For Lovejoy Schools is a nonprofit organization situated in Allen, Texas, specifically at 259 Country Club Road. Their primary mission is to contribute to the charitable and educational benefits of Lovejoy Independent School District (ISD). They accomplish this by providing teacher and classroom grants, thereby facilitating the further professional education of teachers serving Lovejoy ISD schools. These schools cater to approximately 4,000 elementary, junior, and high school students. The Foundation's initiatives aim to enhance the educational experience and professional growth of the teachers in Lovejoy ISD.
Official website here: www.foundationforlovejoyschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Foundation For Lovejoy Schools has earned a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The overall score of 96% is derived solely from its accountability and finance beacon, indicating that the nonprofit has rigorously met high standards in these areas during its most recent fiscal year (FY2023).
Strengths of the organization include a fully independent board, with 100% of its 17 members meeting this criterion, and a robust audit and oversight committee ensuring financial transparency. The foundation has effectively demonstrated responsible management of its assets, as evidenced by a low liabilities-to-assets ratio of 47.71% and a high program expense ratio of 83.70%, allocating a significant portion of its funds directly to its mission.
While the data showcases impressive governance and fiscal responsibility, it is essential for potential donors to consider the nonprofit's programmatic impact and effectiveness in achieving its mission alongside these financial metrics. Overall, the Foundation For Lovejoy Schools stands out for its exemplary financial practices and governance, reinforcing a positive outlook for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Foundation For Lovejoy Schools?
98% of 16 reviewers on Facebook recommend Foundation For Lovejoy Schools. Here is a summary of their reviews:
People praise the nonprofit's focus on enhancing the educational experiences of children in the Lovejoy area. Many express enthusiasm for the effective ways the foundation supports local schools, highlighting how their contributions can truly make a positive difference in students' lives.
Overall, the sentiment is overwhelmingly positive, with supporters feeling reassured that their involvement with this organization contributes meaningfully to the community's educational landscape.
This AI summary has been generated from reviews found on Facebook.
Is Foundation For Lovejoy Schools legitimate?
Foundation For Lovejoy Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Lovejoy Schools 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:
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For more financial information, click here
Official website here: www.foundationforlovejoyschools.org
What is the mission statement of Foundation For Lovejoy Schools?
The Foundation For Lovejoy Schools is dedicated to providing charitable and educational benefits. Their mission involves offering teacher and classroom grants to enhance the professional education of instructors serving schools within Lovejoy Independent School District. This district educates approximately 4,000 elementary, junior, and high school students. The foundation aims to support the educational growth and development of these students by investing in their teachers' continuing education.
Official website here: www.foundationforlovejoyschools.org
Who is the CEO of Foundation For Lovejoy Schools?
Larry Konecny is the President of Foundation For Lovejoy Schools.
Official website here: www.foundationforlovejoyschools.org
What is the revenue of Foundation For Lovejoy Schools?
Foundation For Lovejoy Schools's revenue in 2023 was $845,067.
Official website here: www.foundationforlovejoyschools.org
Who are the executives of Foundation For Lovejoy Schools and what are their salaries?
There 75 volunteers at Foundation For Lovejoy Schools.
Here are 17 key members and their salaries:
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Official website here: www.foundationforlovejoyschools.org
Where can I find the form 990 for Foundation For Lovejoy Schools?
Foundation For Lovejoy Schools's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundationforlovejoyschools.org
Learn more at the official website: www.foundationforlovejoyschools.org
Mission Statement of Foundation For Lovejoy Schools
The Foundation For Lovejoy Schools is dedicated to providing charitable and educational benefits to Lovejoy Independent School District. This nonprofit organization's mission is centered around enhancing the professional education of teachers serving in Lovejoy ISD schools, which educate approximately 4,000 elementary, junior, and high school students. By offering teacher and classroom grants, the Foundation For Lovejoy Schools aims to support the ongoing development and growth of its educators, ultimately improving the educational experience for the district's students.
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Impact
July, 2024
The Foundation For Lovejoy Schools has a significant impact on the educational landscape of Lovejoy ISD in Allen, TX. By providing teacher and classroom grants, the foundation is directly contributing to the professional development of educators serving approximately 4,000 elementary, junior, and high school students in the district. This support helps enhance the quality of education provided to the students and ultimately contributes to their overall academic success. Through its charitable and educational initiatives, the foundation is actively working to improve the educational experience and outcomes for the students and teachers within Lovejoy ISD.
This information is meant to be a general summary of Foundation For Lovejoy Schools. 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: $20,893
- Gross Receipts: $1,076,773
Assets and Liabilities:
- Total Assets: $1,220,051
- Total Liabilities: $582,135
- Net Assets: $637,916
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Organization Details
Founding Year
2003
Phone
(469) 742-8043Principal Officer
Larry Konecny
Main Address
259 COUNTRY CLUB ROAD, ALLEN, TX, 75002
NTEE Category
Code: B112 - Education
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