Overview
What is Simon & Agnes Foundation?
The Simon & Agnes Foundation, situated in Oakton, Virginia, is a nonprofit organization that focuses on providing educational support to students in need. Their mission is to offer financial aid through scholarships, encouraging students and fostering hopes for a better future. The organization's contributions aim to assist individual students in overcoming financial barriers to further their education, thereby empowering them to reach their full potential.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The Simon & Agnes Foundation has received a Two-Star rating from Charity Navigator, indicating a fair level of performance with a total score based on Accountability & Finance. A strong point for the foundation is its impressive program expense ratio of 98.84%, which suggests that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the foundation boasts a fully independent board, which can enhance transparency and governance.
The organization demonstrates remarkable accountability, with no material diversion of assets reported and a liabilities to assets ratio of 0.00%. This reflects a solid financial position, enabling the foundation to effectively manage its resources. The practice of documenting board meeting minutes also contributes to its accountability, showcasing adherence to good governance practices.
Despite the strengths highlighted, the overall score leads to a Two-Star rating, indicating that while the foundation shows commendable practices in certain areas, there may be room for improvement in other facets of its operations or impact. Stakeholders may want to consider these factors when evaluating the foundation's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Simon & Agnes Foundation legitimate?
Simon & Agnes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simon & Agnes 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 Simon & Agnes Foundation?
The Simon & Agnes Foundation's mission is centered around providing and supporting educational resources for individual students in need. The primary aim is to encourage and motivate these students, thereby preparing them for a better future. This support is facilitated through scholarships, which serve as educational grants. The foundation's goal is to equip students with the necessary knowledge and skills, ultimately contributing to their successful future.
Who is the CEO of Simon & Agnes Foundation?
Sang W Lee is the Trustee, Dir of Simon & Agnes Foundation.
What is the revenue of Simon & Agnes Foundation?
Simon & Agnes Foundation's revenue in 2022 was $892.
Who are the executives of Simon & Agnes Foundation and what are their salaries?
There 5 volunteers at Simon & Agnes Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Simon & Agnes Foundation?
Simon & Agnes Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Simon & Agnes Foundation
The Simon & Agnes Foundation is committed to providing and supporting individual students who require financial aid for their educational resources. This nonprofit organization aims to encourage and inspire these students, with the hope of preparing them for a better future. Under the scholarships type of educational grants, the Simon & Agnes Foundation offers its contributions to help deserving students pursue their studies effectively. By doing so, the foundation seeks to contribute positively to the lives of these students, empowering them to reach their full potential and build a brighter future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Simon & Agnes Foundation significantly impacts individual students by providing essential educational resources through scholarships and grants. By focusing on those who need assistance, the foundation encourages academic success and fosters hope for a brighter future. Through its contributions, it empowers students to pursue their educational goals, ultimately contributing to their personal and professional development. The foundation's commitment helps bridge gaps in access to education, enabling students to thrive and prepare for a better future.
This information is meant to be a general summary of Simon & Agnes 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $42
- Gross Receipts: $892
Assets and Liabilities:
- Total Assets: $142,823
- Total Liabilities: $0
- Net Assets: $142,823
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2019
Phone
(571) 643-5343Principal Officer
Sang W Lee
Main Address
3102 MEREWORTH CT, OAKTON, VA, 221241758
NTEE Category
Code: B82 - Education
If you are a representative of Simon & Agnes Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.