Overview
What is Lake Oswego School District Foundation Inc?
Lake Oswego School District Foundation Inc is a nonprofit organization based in Lake Oswego, Oregon. Their primary mission is to invest in public education, aiming to offer students exceptional opportunities for growth. They achieve this by providing grants to the Lake Oswego School District, enabling the hiring and retention of teaching positions. These positions extend beyond the scope of limited public funding, ensuring the availability of music teachers, reading specialists, and additional electives at various school levels. This, in turn, supports career and college readiness, advanced placement courses, and additional instruction time for students. In the 2020 fiscal year, the foundation funded the full-time equivalent of 20 teaching positions. Overall, the Lake Oswego School District Foundation Inc seeks to enhance the educational experiences of all students in the district.
Official website here: www.losfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Lake Oswego School District Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong accountability and financial health. The organization showcases an impressive score of 92% based entirely on accountability and finance metrics. Key strengths include having a fully independent board of directors and a high program expense ratio, which suggests that a significant portion of its funds goes directly to programs rather than administrative costs.
Despite its strengths, there are notable limitations regarding governance policies. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and ethical oversight. While it maintains clear financial statements and meets most accountability standards, these missing documents indicate areas for improvement in governance practices.
Overall, the foundation demonstrates solid financial management and a commitment to its mission, but enhancing its governance policies could further bolster its credibility and effectiveness in serving the Lake Oswego community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Oswego School District Foundation Inc legitimate?
Lake Oswego School District Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Oswego School District 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.losfoundation.org
What is the mission statement of Lake Oswego School District Foundation Inc?
The Lake Oswego School District Foundation Inc's mission is centered around investing in public education to provide students with exceptional opportunities for growth. This is accomplished by granting funds to the school district, which in turn, enables the hiring and retention of teaching positions. These positions offer educational experiences beyond what is feasible with limited public funding. The grants enable the district to provide music teachers and reading specialists at the elementary level. At the middle and high school levels, the funds allow for the provision of more electives and advanced placement courses, enabling students to explore their interests for career and college readiness, as well as receive additional instructional time in school. Overall, the Lake Oswego Schools Foundation invests in teachers for the benefit of all students in the district, supporting the full-time equivalent of 20 teaching positions in a fiscal year.
Official website here: www.losfoundation.org
Who is the CEO of Lake Oswego School District Foundation Inc?
Whitney Woolf is the President of Lake Oswego School District Foundation Inc.
Official website here: www.losfoundation.org
What is the revenue of Lake Oswego School District Foundation Inc?
Lake Oswego School District Foundation Inc's revenue in 2022 was $1,059,915.
Official website here: www.losfoundation.org
Who are the executives of Lake Oswego School District Foundation Inc and what are their salaries?
There 50 volunteers at Lake Oswego School District Foundation Inc.
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Official website here: www.losfoundation.org
Where can I find the form 990 for Lake Oswego School District Foundation Inc?
Lake Oswego School District Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.losfoundation.org
Learn more at the official website: www.losfoundation.org
Mission Statement of Lake Oswego School District Foundation Inc
Lake Oswego School District Foundation Inc is dedicated to investing in public education, aiming to offer students unparalleled opportunities for growth and development. Their mission is to provide additional financial support to the Lake Oswego School District, enabling it to offer educational experiences beyond what is feasible with limited public funding. This support allows the district to hire and retain teaching positions, such as music teachers and reading specialists at the elementary level, and fund more electives and advanced placement courses at the middle and high school levels. These additional resources enable students to explore and pursue their interests, enhancing their career and college readiness, and providing them with additional instruction time within the school environment. In essence, Lake Oswego School District Foundation Inc is committed to investing in teachers and education for all students within the Lake Oswego School District.
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Impact
July, 2024
Lake Oswego School District Foundation Inc's impact lies in its significant contributions to the Lake Oswego School District, enhancing the educational experiences of students beyond what is possible with limited public funding. By providing grants to the district, the foundation enables the hiring and retention of teaching positions that offer diverse educational opportunities. This includes the provision of music teachers and reading specialists at the elementary level, as well as additional electives, advanced placement courses, and increased instructional time at the middle and high school levels.
Furthermore, the foundation's support facilitates career and college readiness for students by allowing them to explore and pursue their interests. In FY20 alone, the foundation's funds supported the equivalent of 20 teaching positions, directly benefiting all students in the Lake Oswego School District. Through its commitment to investing in public education, the Lake Oswego School District Foundation Inc ensures that students have unmatched opportunities to flourish and succeed academically.
This information is meant to be a general summary of Lake Oswego School District 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 2022.
- Investment Income: $54,808
- Gross Receipts: $1,059,915
Assets and Liabilities:
- Total Assets: $1,964,733
- Total Liabilities: $0
- Net Assets: $1,964,733
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Organization Details
Founding Year
1987
Phone
(503) 534-2106Principal Officer
Whitney Woolf
Main Address
PO BOX 70, LAKE OSWEGO, OR, 97034
Website
www.losfoundation.orgNTEE Category
Code: B12 - Education
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