Mansfield-Richland Area Educational Foundation Inc
Nonprofit profile at a glance
- EIN
- 341312689
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Mansfield, OH, USA
- Phone
- 4195223211
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Economics
Reported finances
- Revenue
- $172,848
- Expenses
- $192,401
- Assets
- $575,460
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
People named in this filing
- Jennifer Alt (Director)
- Mary Frankenfield (Director)
- Susie Danuloff (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Mansfield Richland Area Educational Foundation was incorporated June 16, 1980 by the Mansfield Richland Area Chamber & Economic Development to foster economic understanding, financial literacy and other areas for the benefit of Richland County. Mission Statement: The Mansfield Richland Area Educational Foundation's mission is to invest in our community's future success through impactful educational opportunities for both adults and youth focusing on leadership development, economics, and entrepreneurship.
What it reported doing in 2024
Microsoft TechSpark accelerated innovation, digital skills, and career exploration across Richland County through high impact community, education, and workforce initiatives. This years highlights included three cybersecurity events with OSU Mansfield, support for the Gener8tor for Manufacturers cohort with the Area 10 Workforce Board, and the distribution of Microsoft FarmBeats kits to three FFA clubs. A Demystifying AI Workshop with Vinyl Marketing further advanced regional AI readiness, awarding four $5,000 AI Blueprint grants to local organizations. TechSpark funding also powered immersive youth programming, from middle school students building AI literacy and coding skills through camps delivered with North Central State College, to high school students gaining hands on Arduino and electronics experience in camps led by the 179th Cyberspace Wing at OSU Mansfield. Together, these efforts strengthened a vibrant and growing STEM pipeline for the region.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.8%; rating input score 93
- Fundraising efficiency: $485.65 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings
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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.3%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 2.99; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 9.6% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.8% of spending went to programs
- Governance: 11 of 11 board members independent · 5 of 7 filing controls reported
- Programs: 7 filed program accomplishments · $179K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.