Overview
What is Washington State School Retirees Foundation?
The Washington State School Retirees Foundation is a nonprofit organization situated in Lacey, Washington. Their main mission is to gather funds and accept donations, while strategically managing these resources to offer scholarships and internships to aspiring educators and individuals pursuing careers in school-related fields within the state. The Foundation's activities are focused on raising funds and investing them wisely to support the educational aspirations of Washington State's students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Washington State School Retirees Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement. The overall score of 60% reveals significant areas where the organization can enhance its accountability and financial practices to gain better ratings in the future.
One of the strengths noted is the foundation's program expense ratio, which stands at an impressive 92.19%, demonstrating a strong commitment to directing funds towards its programs rather than administrative costs. Additionally, the foundation has no material diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%, suggesting sound financial management in those areas.
However, the organization faces critical shortcomings, particularly in governance and transparency. With 0% of board members being independent and missing policies on conflicts of interest and whistleblower protections, there are significant concerns regarding oversight. The absence of a website listed on tax forms and unposted tax documents on the nonprofit's website further highlight transparency issues that need to be addressed for improved trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Washington State School Retirees Foundation legitimate?
Washington State School Retirees Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington State School Retirees 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 Washington State School Retirees Foundation?
The Washington State School Retirees Foundation's mission is centered around raising funds and managing investments. The primary objective is to offer scholarships and internships to students in Washington State who are pursuing careers in education or related fields. The foundation's activities aim to support the next generation of educators, contributing to the continuous growth and development of the educational sector. By providing financial aid and work experience opportunities, the foundation encourages and inspires young individuals to contribute to the field of education.
Who is the CEO of Washington State School Retirees Foundation?
Alan Burke is the Executive Director of Washington State School Retirees Foundation.
What is the revenue of Washington State School Retirees Foundation?
Washington State School Retirees Foundation's revenue in 2023 was $128,724.
Who are the executives of Washington State School Retirees Foundation and what are their salaries?
There 6 volunteers at Washington State School Retirees Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $111,072
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Washington State School Retirees Foundation?
Washington State School Retirees Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Washington State School Retirees Foundation
The Washington State School Retirees Foundation is dedicated to raising funds and managing investments with a specific goal in mind: to offer scholarships and internships to students in Washington State who are pursuing a career in education or related fields. By managing its investments wisely, the Foundation aims to provide financial assistance to high school seniors who have chosen to major in education or related subjects. This mission is an investment in the future of education in the state, as it helps to nurture and support the next generation of educators.
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Impact
October, 2024
The Washington State School Retirees Foundation significantly impacts the educational landscape by providing crucial financial support to aspiring educators. Through its scholarship programs, the Foundation assists high school seniors in Washington who plan to major in education or related fields, alleviating the financial burden of pursuing a degree. Additionally, it creates internship opportunities that foster hands-on experience in the educational sector, preparing students for successful careers in teaching and school administration. By investing in the future of education, the Foundation not only empowers individual students but also strengthens the overall quality of education in the state.
This information is meant to be a general summary of Washington State School Retirees 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 2023.
- Investment Income: $18,498
- Gross Receipts: $128,724
Assets and Liabilities:
- Total Assets: $804,121
- Total Liabilities: $0
- Net Assets: $804,121
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Organization Details
Founding Year
1985
Phone
(360) 413-5496Principal Officer
Alan Burke
Main Address
4726 PACIFIC AVE SE, LACEY, WA, 98503
NTEE Category
Code: B84 - Education
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