Overview
What is North Thurston Education Foundation?
The North Thurston Education Foundation is a nonprofit organization situated in Lacey, Washington. Their primary focus is to boost educational prospects and excellence for students within the North Thurston Public Schools (NTPS) community. To achieve this goal, they annually award scholarships to high school graduates, enabling them to pursue higher education at colleges, universities, or other post-secondary institutions. In 2022, they granted 53 scholarships, with 11 of these being multi-year scholarships. In total, they awarded an impressive sum of $133,138 for these scholarships. The North Thurston Education Foundation is staffed by a dedicated team of one individual, demonstrating their commitment to supporting the educational aspirations of their community's youth.
Official website here: www.ntef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The North Thurston Education Foundation has received an 83% rating from Charity Navigator, which indicates a solid level of accountability and finance management. This score is derived entirely from factors related to how well the organization adheres to financial accountability standards. The organization excels particularly in having a majority independent board and maintaining transparency in its financial documents.
Strengths highlighted include a fully independent board consisting of 14 members, which fosters unbiased governance, and a program expense ratio of 82.85%, suggesting a significant portion of funds is allocated directly to programs. Additionally, the foundation has no reported material diversion of assets and has established policies for conflict of interest and document retention.
However, there are some areas for improvement, notably the absence of a whistleblower policy, which can be crucial for ensuring ethical practices within the organization. Despite this limitation, the overall financial health appears strong, with a low liabilities to assets ratio of 0.08%, indicating that the foundation is well-positioned to fulfill its educational mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is North Thurston Education Foundation legitimate?
North Thurston Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Thurston Education 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
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Other Salaries and Wages: $94,264
For more financial information, click here
Official website here: www.ntef.org
What is the mission statement of North Thurston Education Foundation?
The North Thurston Education Foundation's mission is centered around enhancing educational opportunities and promoting educational excellence for students within the North Thurston Public Schools (NTPS). Their primary objective is to support these students in furthering their education beyond high school, providing scholarships for college, university, or other post-secondary institutions. In 2022, they awarded 53 scholarships with 11 renewals for multi-year scholarships, totaling $133,138.
Official website here: www.ntef.org
Who is the CEO of North Thurston Education Foundation?
Jerry Long is the Vice Preside of North Thurston Education Foundation.
Official website here: www.ntef.org
What is the revenue of North Thurston Education Foundation?
North Thurston Education Foundation's revenue in 2022 was $475,845.
Official website here: www.ntef.org
Who are the executives of North Thurston Education Foundation and what are their salaries?
The average compensation at North Thurston Education Foundation during 2022 was $94,264. There is 1 employee and 50 volunteers at North Thurston Education Foundation.
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Official website here: www.ntef.org
Where can I find the form 990 for North Thurston Education Foundation?
North Thurston Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ntef.org
Learn more at the official website: www.ntef.org
Mission Statement of North Thurston Education Foundation
The North Thurston Education Foundation is an organization dedicated to enhancing educational opportunities and fostering educational excellence for students within the North Thurston Public Schools (NTPS). Their mission is centered around empowering these students, providing them with the necessary resources to further their education beyond high school, whether it be in colleges, universities, or other post-secondary institutions. In 2022, the foundation awarded 53 scholarships to deserving high school graduates, with 11 of these scholarships being renewed for multi-year awards. This demonstrates the foundation's commitment to supporting the educational journey of its beneficiaries, providing a total of $133,138 in financial aid.
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Impact
July, 2024
The North Thurston Education Foundation significantly impacts students within the North Thurston Public Schools by enhancing their educational opportunities and promoting educational excellence. Through their scholarship program, the foundation awards scholarships annually to high school graduates, enabling them to further their education at colleges, universities, or other post-secondary institutions. In 2022, the foundation awarded 53 scholarships, including eleven renewals for multi-year scholarships, totaling $133,138. This support directly contributes to the academic and personal growth of students in the North Thurston Public Schools, helping them pursue their educational goals and reach their full potential.
This information is meant to be a general summary of North Thurston Education 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: $148,537
- Gross Receipts: $1,292,722
Assets and Liabilities:
- Total Assets: $2,688,716
- Total Liabilities: $1,858
- Net Assets: $2,686,858
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Organization Details
Founding Year
1989
Phone
(360) 790-6548Principal Officer
Jerry Long
Main Address
PO BOX 3312, LACEY, WA, 98509
Website
www.ntef.orgNTEE Category
Code: B80 - Education
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