Overview
What is Wea Member Benefits Foundation Inc?
Wea Member Benefits Foundation Inc, located in Madison, Wisconsin, is a dedicated nonprofit organization committed to supporting public education and the communities it serves. They are currently spearheading a statewide initiative to establish a clear funding path for philanthropic organizations and individuals, aiming to provide financial assistance for school-based mental health programs in Wisconsin's public schools. In collaboration with like-minded organizations, the foundation awarded challenge grants to four school districts, helping them to leverage these grants and raise additional funding. The model was successful, as the districts managed to exceed the initial challenge grants by over 1.5 times. The foundation's efforts also attracted private funds to an additional district beyond the pilot program.
Official website here: www.weafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Wea Member Benefits Foundation Inc. has achieved a high rating of 97% from Charity Navigator, indicating a strong commitment to accountability and finance. This score reflects robust governance practices, such as having a fully independent board and no material diversion of assets, which underscores their operational integrity. The organization has also demonstrated transparency by listing essential documents and policies on their website.
Strengths noted include a program expense ratio of 97.89%, suggesting that a significant majority of their funds are allocated directly to their programs rather than administrative costs. The foundation's liabilities to assets ratio is at 0.00%, indicating sound financial management and stability. Additionally, the presence of comprehensive policies like conflict of interest and whistleblower protections showcases the organization's dedication to ethical practices.
While the ratings highlight positive aspects of the foundation's financial health and governance, no specific limitations were noted in this summary. Overall, the Wea Member Benefits Foundation Inc. appears to be a well-managed nonprofit with strong accountability measures in place, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Wea Member Benefits Foundation Inc legitimate?
Wea Member Benefits Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wea Member Benefits 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:
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For more financial information, click here
Official website here: www.weafoundation.org
What is the mission statement of Wea Member Benefits Foundation Inc?
Wea Member Benefits Foundation Inc's mission is centered around supporting public education, public educators, and the communities they serve. The foundation aims to provide financial assistance to philanthropic organizations and individuals, facilitating the provision of school-based mental health support for K-12 students in Wisconsin public schools. In collaboration with like-minded organizations, the foundation awards challenge grants to selected school districts, assisting them in leveraging these grants to raise additional funds. The model has proven successful, with matching funds exceeding the initial grants by over 1.5 times. Furthermore, the model has attracted private funds to a district outside the pilot program, demonstrating its potential impact on improving mental health support in schools.
Official website here: www.weafoundation.org
What is the revenue of Wea Member Benefits Foundation Inc?
Wea Member Benefits Foundation Inc's revenue in 2023 was $147,511.
Official website here: www.weafoundation.org
Who are the executives of Wea Member Benefits Foundation Inc and what are their salaries?
There 20 volunteers at Wea Member Benefits Foundation Inc.
Here are 10 key members and their salaries:
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Official website here: www.weafoundation.org
Where can I find the form 990EZ for Wea Member Benefits Foundation Inc?
Wea Member Benefits Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.weafoundation.org
Learn more at the official website: www.weafoundation.org
Mission Statement of Wea Member Benefits Foundation Inc
Wea Member Benefits Foundation Inc is committed to supporting public education, public educators, and the communities they serve. Their primary mission is to assist public schools and educators in various ways. By leading a statewide effort, the foundation aims to establish a clear funding path for philanthropic organizations and individuals to provide financial support for school-based mental health programs in Wisconsin public schools. Through partnerships with like-minded organizations, Wea Member Benefits Foundation Inc awarded challenge grants to four Wisconsin school districts, helping them leverage these grants to raise additional funding. The model was so successful that it attracted private funds to an additional district outside the pilot program, with the matching funds exceeding the initial challenge grants by more than one and a half times. This demonstrates the foundation's dedication to enhancing mental health services for K-12 students in public schools, ultimately benefiting both the students and their communities.
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Impact
August, 2024
Wea Member Benefits Foundation Inc's impact can be seen in their leadership of a statewide effort to establish a clear funding path for school-based mental health programs in Wisconsin public schools. By awarding challenge grants to school districts and assisting them in leveraging these grants to raise additional funding, the foundation has successfully attracted private funds and enhanced access to mental health services for K-12 students. This innovative model has not only supported public educators and schools but also positively impacted the communities they serve by addressing critical mental health needs within the education system.
This information is meant to be a general summary of Wea Member Benefits 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: $11,077
- Gross Receipts: $167,784
Assets and Liabilities:
- Total Assets: $418,214
- Total Liabilities: $0
- Net Assets: $418,214
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Organization Details
Founding Year
2019
Principal Officer
David Kijek
Website
www.weafoundation.orgNTEE Category
Code: B12 - Education
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