Overview
What is Exceptional Opportunities Foundation Inc?
Exceptional Opportunities Foundation Inc, located in Algona, Iowa, is a charitable organization operating under Section 501(c)(3) of the Internal Revenue Code. Its primary mission is to enhance the lives of individuals with intellectual disabilities who are served by Exceptional Opportunities, Inc. The foundation aims to support and benefit this not-for-profit organization by distributing its income for their betterment. This commitment to Exceptional Opportunities, Inc. extends to providing resources and assistance that contribute to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Exceptional Opportunities Foundation Inc has received a One-Star rating from Charity Navigator, primarily due to its low overall score of 54%, which is derived entirely from its accountability and finance metrics. While the organization boasts strong governance practices, including a fully independent board and robust policies regarding conflicts of interest and whistleblower protections, significant concerns arise from its financial ratios.
The foundation reports a 0% program expense ratio and a 0% liabilities to assets ratio, indicating that it may not be effectively utilizing its funds for program services or may have no liabilities at all. This lack of financial transparency is further compounded by the absence of key documents, such as its tax form on its website, which is a notable shortcoming in accountability.
Despite these limitations, the organization's strong governance structure and independent board suggest a commitment to ethical practices. However, potential donors and stakeholders should take caution and consider these financial indicators when evaluating the foundation's overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Exceptional Opportunities Foundation Inc legitimate?
Exceptional Opportunities Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Exceptional Opportunities 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
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What is the mission statement of Exceptional Opportunities Foundation Inc?
The Exceptional Opportunities Foundation Inc. is established with the primary objective of supporting and benefiting Exceptional Opportunities, Inc., an organization dedicated to serving individuals with intellectual disabilities. The foundation's income is intended for the advantage of Exceptional Opportunities, Inc. The mission of the Exceptional Opportunities Foundation Inc. is centered around improving the lives of these individuals served by Exceptional Opportunities, Inc. This is achieved by providing necessary support and resources to enhance their overall well-being.
Who is the CEO of Exceptional Opportunities Foundation Inc?
Erin Schmidt is the Executive Dir. of Exceptional Opportunities Foundation Inc.
What is the revenue of Exceptional Opportunities Foundation Inc?
Exceptional Opportunities Foundation Inc's revenue in 2023 was $150,184.
Who are the executives of Exceptional Opportunities Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $107,515
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Where can I find the form 990 for Exceptional Opportunities Foundation Inc?
Exceptional Opportunities Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Exceptional Opportunities Foundation Inc
Exceptional Opportunities Foundation Inc is established with the sole purpose of supporting and benefiting Exceptional Opportunities, Inc., an organization dedicated to serving individuals with intellectual disabilities. The Foundation's primary objective is to utilize all its income for the betterment of Exceptional Opportunities, Inc. In a broader sense, the mission of Exceptional Opportunities Foundation Inc is to enhance the lives of those individuals with intellectual disabilities who are under the care of Exceptional Opportunities, Inc. This not-for-profit organization, operating under Section 501(c)(3) of the Internal Revenue Code, strives to make a meaningful impact on the lives of these individuals, ultimately contributing to their overall well-being.
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Impact
October, 2024
Exceptional Opportunities Foundation Inc significantly enhances the lives of individuals with intellectual disabilities. By directing its resources specifically to Exceptional Opportunities, Inc., the foundation plays a vital role in facilitating programs and services that foster personal development and community integration for those it serves. Located in Algona, IA, the foundation not only provides financial support but also raises awareness about the needs and capabilities of individuals with intellectual disabilities. This commitment empowers clients to achieve greater independence and engagement within their communities, ultimately improving their quality of life. Through its dedicated efforts, Exceptional Opportunities Foundation Inc ensures that vital services are consistently available and tailored to the unique needs of those it supports.
This information is meant to be a general summary of Exceptional Opportunities 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 2023.
- Investment Income: $124,584
- Gross Receipts: $1,047,743
Assets and Liabilities:
- Total Assets: $4,869,588
- Total Liabilities: $0
- Net Assets: $4,869,588
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Organization Details
Phone
(515) 395-3251Principal Officer
Erin Schmidt
Main Address
119 South Jones St, Algona, IA, 50511
NTEE Category
Code: P19 - Human services
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