Overview
What is Lewiston Independent Foundation For Education Inc?
Lewiston Independent Foundation for Education Inc, situated in Lewiston, Idaho (3317 12th Street), is a dedicated nonprofit organization. Its primary focus is on promoting educational opportunities, both for students and teachers, within the Lewiston School District. They run an endowed scholarship program that awards scholarships to college-bound students based on specific criteria for each scholarship. The scholarships are directly paid to the higher educational institutions. Additionally, the foundation provides Life Awards scholarships for continuing education and grants for specific projects that enhance teachers' learning experiences in the classroom. This nonprofit organization aims to create a conducive learning environment by investing in the education of both students and teachers in the Lewiston area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63% (Two-Star out of Four Star rating)
The Lewiston Independent Foundation For Education Inc has received a rating of 63%, which translates to a Two-Star designation. This rating reflects the organization's mixed performance in terms of accountability and finance. While the foundation boasts a fully independent board and has no reported issues with asset diversion, significant gaps in governance policies such as a conflict of interest and whistleblower policy have impacted its overall score.
Strengths of the organization include a strong board composition with 21 independent members and a commendable liabilities to assets ratio of 0.19%. This indicates a solid financial footing and responsible asset management. The foundation also demonstrates transparency through the presence of meeting minutes and the listing of their website on official tax forms.
However, the foundation faces challenges in its governance practices, as indicated by the absence of key policies related to conflict of interest and document retention. Additionally, while its program expense ratio of 59.27% shows a commitment to its mission, it falls short in comparison to industry standards. These areas of concern highlight the need for improvements to enhance the foundation's overall accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lewiston Independent Foundation For Education Inc legitimate?
Lewiston Independent Foundation For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewiston Independent Foundation For Education 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:
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Other Salaries and Wages: $28,062
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What is the mission statement of Lewiston Independent Foundation For Education Inc?
The Lewiston Independent Foundation for Education Inc's mission is centered around promoting educational opportunities within the Lewiston School District. This is achieved by providing scholarships for students to further their education and grants for teachers to enhance learning experiences within the classroom. The foundation's scholarship programs are endowed and disbursed based on specific criteria for each scholarship, with payments made directly to the higher educational institutions. The goal is to support students and teachers in their educational journeys and create a conducive learning environment within the school district.
What is the revenue of Lewiston Independent Foundation For Education Inc?
Lewiston Independent Foundation For Education Inc's revenue in 2023 was $430,776.
Who are the executives of Lewiston Independent Foundation For Education Inc and what are their salaries?
Here are 21 key members and their salaries:
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Where can I find the form 990 for Lewiston Independent Foundation For Education Inc?
Lewiston Independent Foundation For Education Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lewiston Independent Foundation For Education Inc
The Lewiston Independent Foundation for Education Inc is dedicated to fostering educational opportunities within the Lewiston School District. Through their mission, they promote further education for students by offering Life Awards scholarships for continuing education. Additionally, they provide grants to teachers for specific projects that enhance learning experiences within the classroom. By offering these scholarships and grants, the foundation aims to empower both students and teachers, enabling them to explore new educational paths and expand their knowledge. The foundation's endowed scholarship programs are designed to benefit college-bound students based on criteria established for each scholarship, with payments made directly to the higher educational institution.
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Impact
July, 2024
The Lewiston Independent Foundation for Education Inc's impact includes promoting educational opportunities within the Lewiston School District by awarding scholarships for continuing education and grants for specific projects benefiting teachers and students in the classrooms. Through their endowed scholarship programs, the organization supports college-bound students based on established criteria, with payments made directly to higher educational institutions. This initiative directly contributes to the advancement of education in the community, facilitating learning experiences and fostering growth both for students and teachers.
This information is meant to be a general summary of Lewiston Independent Foundation For Education 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 2023.
- Investment Income: $86,178
- Gross Receipts: $837,968
Assets and Liabilities:
- Total Assets: $1,548,442
- Total Liabilities: $3,009
- Net Assets: $1,545,433
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Organization Details
Founding Year
1996
Principal Officer
Chris Jacks
NTEE Category
Code: P99 - Human services
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