Overview
What is Eduinnovate Foundation Inc?
Eduinnovate Foundation Inc, based in Ellington, Connecticut, is a nonprofit organization with a mission to stimulate innovation and support excellence in education. In 2022, they funded 13 educational projects, impacting five public schools. These projects encompassed various subjects, such as gardening, health, STEM learning, mathematics, mindfulness, science, technology, innovation, and visual art. By providing funding for such projects, Eduinnovate Foundation Inc aims to enhance the educational experience for public school students, not just in Ellington but beyond as well. Their address can be found at 31B Frog Hollow Rd, Ellington, CT 06029.
Official website here: www.eduinnovate.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating.
The Eduinnovate Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization boasts a fully independent board and a strong record in certain governance aspects, it has significant weaknesses in transparency and policy adherence. The absence of a conflict of interest policy, whistleblower policy, and documented retention practices are notable gaps in their operations.
Strengths include a perfect score in independent board composition and the management of liabilities to assets, suggesting financial stability. The foundation also scored well in documenting board meeting minutes and making its website accessible through tax forms. However, these strengths are overshadowed by the lack of comprehensive governance policies that impact its overall rating negatively.
The program expense ratio reflects a moderate commitment to its mission, with 14 out of 25 points. This suggests that while some funding is directed towards programs, there is room for improvement in maximizing the impact of their expenditures. Addressing the outlined deficiencies could enhance the foundation's accountability and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Eduinnovate Foundation Inc legitimate?
Eduinnovate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eduinnovate 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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Official website here: www.eduinnovate.org
What is the mission statement of Eduinnovate Foundation Inc?
The Eduinnovate Foundation Inc's mission is centered around fostering innovation and enhancing educational excellence. They accomplish this by providing financial support for projects and programs that enrich the learning experience for public school students. This mission extends beyond Ellington, aiming to make a positive impact on education as a whole. In 2022, the foundation funded 13 such projects, benefiting five public schools and covering various subjects such as gardening, health, STEM learning, mathematics, mindfulness, science, technology, innovation, and visual art.
Official website here: www.eduinnovate.org
Who is the CEO of Eduinnovate Foundation Inc?
Jeff Mcmeans is the Treasurer of Eduinnovate Foundation Inc.
Official website here: www.eduinnovate.org
What is the revenue of Eduinnovate Foundation Inc?
Eduinnovate Foundation Inc's revenue in 2022 was $30,094.
Official website here: www.eduinnovate.org
Who are the executives of Eduinnovate Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.eduinnovate.org
Where can I find the form 990 for Eduinnovate Foundation Inc?
Eduinnovate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eduinnovate.org
Learn more at the official website: www.eduinnovate.org
Mission Statement of Eduinnovate Foundation Inc
Eduinnovate Foundation Inc is dedicated to fostering innovation and enhancing the quality of education for public school students. Their mission is to support excellence in education, extending beyond Ellington, by providing funding for various projects and programs that enrich the learning experience. By investing in initiatives ranging from gardening and health to STEM learning, mathematics, mindfulness, science, technology, innovation, and visual art, Eduinnovate Foundation Inc aims to stimulate creative thinking and foster a more engaging educational environment for students. In 2022, the foundation funded 13 such projects, impacting five public schools and contributing to a more enriching educational experience for the students they serve.
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Impact
August, 2024
Eduinnovate Foundation Inc's impact can be seen in its support for innovation and excellence in education. In 2022, the foundation funded 13 projects that had a significant impact on 5 public schools. These projects spanned a wide range of areas such as gardening, health, STEM learning, mathematics, mindfulness, science, technology, innovation, and visual art. By providing funding for these initiatives, the foundation has directly contributed to enhancing the educational experience for public school students in Ellington and beyond. Their commitment to stimulating innovation and supporting educational excellence is evident in the diverse range of projects they have supported, ultimately making a positive difference in the lives of students and the community as a whole.
This information is meant to be a general summary of Eduinnovate 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.
- Investment Income: $26,208
- Gross Receipts: $30,094
Assets and Liabilities:
- Total Assets: $833,030
- Total Liabilities: $0
- Net Assets: $833,030
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Organization Details
Founding Year
2018
Phone
(860) 836-5272Principal Officer
Jeff Mcmeans
Main Address
31B FROG HOLLOW RD, ELLINGTON, CT, 060293210
Website
www.eduinnovate.orgNTEE Category
Code: B02 - Education
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