Greenwood Education Foundation
Nonprofit profile at a glance
- EIN
- 472207810
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2014
- Location
- Greenwood, IN, USA
- Phone
- 3178894060
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $307,001
- Expenses
- $151,998
- Assets
- $630,860
- Liabilities
- $1,078
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- JOSEPH HARDING (PRESIDENT)
Highest reported compensation
- TIFFANY WOODS (EXECUTIVE DI): $45,833 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purposes for which the corporation if formed are as follows: 1. To support greenwood students, teachers, staff and administrators through funding innovative educational programs and academic endeavors. 2. To receive and administer funds for such additional and charitable purposes as are related to and supportive of the curricular and extracurricular activities, programs and facilities of greenwood community schools. 3. To engage in all activities necessary or appropriate to raise funds for the purposes of the corporation, including, but not limited to, the solicitation of direct or indirect contribution from public and private sources wherever located.
What it reported doing in 2024
The first exempt purpose for which the corporation is formed is to support greenwood students, teachers, staff and administrators through funding innovative educational programs and academic endeavors.
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 46.6%; rating input score 47
- Program expense ratio: 88.7%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 50.5%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 4.15; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 30.2%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 26.1% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 20.9% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 27.1% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 46.6% of revenue deployed · 88.7% of spending went to programs
- Governance: 16 of 16 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $135K in reported program spending
- Leadership: top reported pay $46K · 17 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.