Overview
What is Los Gatos Education Foundation?
The Los Gatos Education Foundation, located at 17010 Roberts Road, Los Gatos, CA 95032, is a dedicated nonprofit organization that supports the Los Gatos Union School District. Their primary mission is to supplement educational resources for students, providing funds for Art Teachers, Art Docents programs, Health Clerks, Library services, Literacy Specialists, Math Specialists, Music Teachers, Elective Teachers, Counselors, and Physical Education Specialists. These services are not fully covered by tax dollars, and the Foundation ensures their availability for all 2,650 students in the district's five schools: Blossom Hill, Daves Avenue, Lexington, Louise Van Meter Elementary schools, and RJ Fisher Middle School. During the year ending June 30, 2023, they distributed a substantial amount of $1,578,217 in public education grants.
Official website here: www.lgef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
The Los Gatos Education Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. With an overall score of 58%, the organization has shown strong governance features, such as a fully independent board and proper documentation practices for board meeting minutes. However, the absence of essential financial statements and key policies like conflict of interest and whistleblower protections has severely impacted its rating.
On a positive note, the foundation allocates a commendable 88.71% of its expenses directly to programs, highlighting its commitment to effective resource use. This high program expense ratio suggests that the foundation is focused on fulfilling its mission and supporting educational initiatives within the community.
Nonetheless, the lack of transparency in financial reporting, indicated by missing financial statements and the nonprofit's tax form, raises questions about its overall accountability. Additionally, the liabilities to assets ratio of 99.80% underscores potential financial challenges that the organization must address to bolster donor trust and improve its operational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Los Gatos Education Foundation legitimate?
Los Gatos Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Gatos 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: $126,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lgef.org
What is the mission statement of Los Gatos Education Foundation?
The Los Gatos Education Foundation's mission is centered around enhancing the educational experiences of students. Specifically, it aims to provide additional funding for teachers and staff in subjects such as Art, Health, Library, Literacy, Math, Music, Electives, Counseling, and Physical Education. These supplemental resources are crucial for the children in the Los Gatos Union School District, including Blossom Hill, Daves Avenue, Lexington, Louise Van Meter Elementary schools, and RJ Fisher Middle School. By distributing grant funds, the foundation ensures that these students have access to vital programs and resources that may not be fully covered by tax dollars. The ultimate goal is to provide a well-rounded education for all students, contributing to their overall development and success.
Official website here: www.lgef.org
Who is the CEO of Los Gatos Education Foundation?
Deborah Weinstein is the Executive Dir. of Los Gatos Education Foundation.
Official website here: www.lgef.org
What is the revenue of Los Gatos Education Foundation?
Los Gatos Education Foundation's revenue in 2023 was $1,788,864.
Official website here: www.lgef.org
Who are the executives of Los Gatos Education Foundation and what are their salaries?
There 37 volunteers at Los Gatos Education Foundation.
Here are 9 key members and their salaries:
- Compensation: $90,000
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- Compensation: $36,400
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- Other: $0
Official website here: www.lgef.org
Where can I find the form 990 for Los Gatos Education Foundation?
Los Gatos Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lgef.org
Learn more at the official website: www.lgef.org
Mission Statement of Los Gatos Education Foundation
The Los Gatos Education Foundation, in its mission, strives to guarantee that the pupils of the Los Gatos Union School District receive an enriching educational experience that includes essential teachers and programs in areas such as Art, Health, Library, Literacy, Math, Music, Electives, Counseling, and Physical Education. These crucial elements are not fully funded by tax dollars, and the foundation steps in to fill the gap. By raising essential funds, Los Gatos Education Foundation ensures that children in the district have access to high-quality programs and resources vital to their education.
In practice, the Los Gatos Education Foundation distributes substantial grants to benefit the students of the five schools in the Los Gatos Union School District: Blossom Hill, Daves Avenue, Lexington, and Louise Van Meter Elementary schools, and RJ Fisher Middle School. These grants, totaling $1,578,217 in the year ending June 30, 2023, contribute to the hiring of supplemental teachers and staff in various disciplines. This commitment to supplemental education serves all 2,650 students in the district, ensuring that every child has access to a well-rounded educational experience.
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Impact
July, 2024
The Los Gatos Education Foundation's impact is significant as it ensures that all 2,650 students in the Los Gatos Union School District receive an education that includes essential programs and resources such as Art Teachers, Health Clerks, Music Teachers, and more. These programs, which are not fully funded by tax dollars, benefit every child in the district and contribute to a high-quality education for students at Blossom Hill, Daves Avenue, Lexington, Louise Van Meter Elementary Schools, and RJ Fisher Middle School. The foundation distributed $1,578,217 in public education grants in the year ending June 30, 2023, demonstrating its commitment to supporting the educational needs of the community.
This information is meant to be a general summary of Los Gatos 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 2023.
- Investment Income: $1,592
- Gross Receipts: $1,788,864
Assets and Liabilities:
- Total Assets: $1,593,399
- Total Liabilities: $1,590,264
- Net Assets: $3,135
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Organization Details
Founding Year
1982
Phone
(408) 335-2229Principal Officer
Deborah Weinstein
Main Address
17010 Roberts Road, Los Gatos, CA, 95032
Website
www.lgef.orgIf you are a representative of Los Gatos Education 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.