By Michele Molnar, Associate Editor
October 10, 2014
Local K-12 education foundations with $2 million or more in annual revenues topped a performance ranking of these nonprofit organizations that support individual school districts. Foundations with smaller treasure chests were also recognized in the report, which was released in September.
The foundations’ performance was measured according to eight key indicators which dewey & associates, a Tampa Bay, Fla.-based consulting firm, extracted from the Form 990s that nonprofits are required to submit to the Internal Revenue Service. Rankings were based on annual revenues, revenues per student, total assets, assets per student, investment income, total program expenses, expenses per student, and volunteers…