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Lohn Educational Enrichment Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 831356540 ✦ Lohn, TX ✦ Designated as a 501(c)(3)

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Overview

What is Lohn Educational Enrichment Foundation?

The Lohn Educational Enrichment Foundation is a charitable organization situated in Lohn, Texas. Its primary mission is to provide financial assistance in the form of scholarships to deserving graduates of Lohn High School. This aid enables these individuals to pursue higher education at vocational schools, colleges, or universities of their choice. Established with the objective of fostering education, the foundation has established a scholarship fund to support the educational aspirations of its community's youth.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 50%, One-Star out of Four Stars

The Lohn Educational Enrichment Foundation received a low rating due to significant deficiencies in accountability and financial behavior. With only 50% of the points allocated for accountability, the organization has major weaknesses including a lack of independent board members and missing key policies such as conflict of interest and whistleblower policies. Additionally, essential documents related to board meetings and the nonprofit's tax form are not available on their website.

Despite these shortcomings, the foundation demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 95.53%. This indicates that the majority of its expenses are directed toward its educational programs, which is a positive aspect of its operations.

However, the organization's lack of transparency and governance structures raises concerns among potential donors and stakeholders. The absence of critical policies and missing documentation suggests that the Lohn Educational Enrichment Foundation may need to improve its accountability practices to foster greater trust and support from the community.


This AI summary has been generated from information found on Charity Navigator.

Is Lohn Educational Enrichment Foundation legitimate?

Lohn Educational Enrichment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lohn Educational Enrichment Foundation 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 Lohn Educational Enrichment Foundation?

The Lohn Educational Enrichment Foundation has established a scholarship fund with the primary objective of providing financial aid for the educational pursuits of Lohn High School graduates. This foundation awards scholarships to qualifying students, enabling them to attend vocational schools, colleges, or universities of their choice. By offering these scholarships, the foundation aims to contribute to the further education and future prospects of its beneficiaries.

Who is the CEO of Lohn Educational Enrichment Foundation?

Quincy Ellis Iii is the Chairman of Lohn Educational Enrichment Foundation.

What is the revenue of Lohn Educational Enrichment Foundation?

Lohn Educational Enrichment Foundation's revenue in 2022 was $1,098,070.

Who are the executives of Lohn Educational Enrichment Foundation and what are their salaries?


Here are 8 key members and their salaries:


Quincy Ellis Iii (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Swenson (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Popp (Sec / Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Clifton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Ellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Hemphill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tanya Swenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Neal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lohn Educational Enrichment Foundation?

Lohn Educational Enrichment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lohn Educational Enrichment Foundation

The Lohn Educational Enrichment Foundation, a nonprofit organization, has established a scholarship fund with the aim of providing financial assistance to graduates of Lohn High School. This aid is intended for furthering their education, whether at a vocational school, college, or university of their choice. By offering these scholarships, the foundation seeks to empower its recipients, enabling them to pursue their academic goals and build a brighter future.

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Impact




July, 2024

The Lohn Educational Enrichment Foundation has had a significant impact on the community of Lohn, Texas by providing scholarship opportunities for high school graduates to pursue further education. By awarding scholarships to qualifying graduates of Lohn High School, the foundation has enabled these students to attend vocational school, college, or university of their choice. This support not only helps individuals achieve their educational goals but also contributes to the overall development and advancement of the local community. The foundation's mission to provide education scholarships demonstrates a commitment to enhancing educational opportunities for students in Lohn, ultimately fostering a brighter future for the next generation.




This information is meant to be a general summary of Lohn Educational Enrichment Foundation. 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.

Revenue
$1,098,070 (2022)
Expenses
$89,618 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41,330
  • Gross Receipts: $1,098,070

Assets and Liabilities:

  • Total Assets: $1,623,553
  • Total Liabilities: $0
  • Net Assets: $1,623,553

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Organization Details

Founding Year

2018

Principal Officer

Quincy Ellis Iii

Main Address

PO BOX 223, LOHN, TX, 76852

NTEE Category

Code: B82 - Education

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