Overview
What is Southwest Charter Foundation Inc?
Southwest Charter Foundation Inc is a nonprofit organization based in Fort Lauderdale, Florida. They operate seven charter schools in Lee and Manatee Counties, Florida, catering to students from pre-kindergarten to twelfth grade. The foundation is dedicated to providing a high-quality, challenging curriculum that fosters academic, social, and physical excellence. They promote positive moral and social values and create a self-disciplined learning environment to maximize individual productivity. The foundation's mission is to provide excellent schools with unwavering dedication to student achievement, ethical business practices, and offering a choice for communities, parents, students, and professionals. The organization seeks to meet the needs of a changing global society by equipping students with the necessary skills for superior levels of achievement.
Official website here: www.southwestcharterfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Southwest Charter Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The foundation boasts a fully independent board, which is a strong point, along with effective oversight of financial statements. Most other metrics related to governance are largely favorable, reflecting a commitment to sound management practices.
However, there are significant concerns that have contributed to the lower rating, including the absence of essential policies such as a whistleblower policy and a document retention policy. Additionally, the foundation's liabilities to assets ratio is concerning, suggesting potential financial risk, despite its relatively high program expense ratio.
Overall, while Southwest Charter Foundation Inc demonstrates strengths in board independence and program spending, its governance practices and financial health require attention to ensure long-term sustainability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Charter Foundation Inc legitimate?
Southwest Charter Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Charter 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,145,873
For more financial information, click here
Official website here: www.southwestcharterfoundation.org/
What is the mission statement of Southwest Charter Foundation Inc?
The Southwest Charter Foundation Inc is committed to delivering superior levels of achievement for students from pre-kindergarten to twelfth grade. They provide a challenging curriculum to promote academic, social, and physical excellence, fostering an atmosphere of self-discipline in a safe learning environment. The foundation's schools unwaveringly dedicate themselves to student achievement, maintaining ethical and sound business practices. They offer a choice for communities, parents, students, and professionals, with the goal of fostering educational excellence in America. The Bonita Springs Charter School, one of their initiatives, focuses on providing quality education for students in kindergarten through eighth grade.
Official website here: www.southwestcharterfoundation.org/
Who is the CEO of Southwest Charter Foundation Inc?
Kenneth Haiko is the Chairman of Southwest Charter Foundation Inc.
Official website here: www.southwestcharterfoundation.org/
What is the revenue of Southwest Charter Foundation Inc?
Southwest Charter Foundation Inc's revenue in 2022 was $66,987,568.
Official website here: www.southwestcharterfoundation.org/
Who are the executives of Southwest Charter Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.southwestcharterfoundation.org/
Where can I find the form 990 for Southwest Charter Foundation Inc?
Southwest Charter Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southwestcharterfoundation.org/
Learn more at the official website: www.southwestcharterfoundation.org/
Mission Statement of Southwest Charter Foundation Inc
Southwest Charter Foundation Inc, a dedicated educational institution, is committed to delivering high-quality schools with an unwavering dedication to student achievement. The foundation's mission is to foster a choice for communities, parents, students, and professionals that fosters educational excellence in America. By providing a challenging curriculum, Southwest Charter Foundation Inc strives for academic, social, and physical excellence in its students.
The foundation's schools cater to students from pre-kindergarten through twelfth grade. With an unyielding commitment to ethical and sound business practices, Southwest Charter Foundation Inc ensures a safe learning environment that promotes self-discipline and maximizes individual productivity. Its schools aim to meet the needs of a changing global society by developing superior levels of achievement in students.
At its core, Southwest Charter Foundation Inc's mission is to offer students the necessary tools and skills for superior academic performance. One example of its commitment to this goal is Bonita Springs Charter School, which focuses on providing quality education to students in kindergarten through eighth grade. By fostering a challenging curriculum, the foundation's schools create an atmosphere conducive to learning and personal growth.
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Impact
August, 2024
Southwest Charter Foundation Inc's impact lies in providing high-quality education to students from pre-kindergarten through twelfth grade in Florida. Through their six charter schools in Lee County and one in Manatee County, they equip students with the necessary tools and skills for academic, social, and physical excellence. By promoting positive moral and social values, fostering self-discipline in a safe learning environment, and maximizing individual productivity, they are meeting the needs of a changing global society. Their unwavering dedication to student achievement and commitment to ethical business practices provide a choice for communities, parents, students, and professionals, fostering educational excellence in America.
This information is meant to be a general summary of Southwest Charter 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: $33,117
- Program Service Revenue: $57,887,527
- Gross Receipts: $110,484,324
Assets and Liabilities:
- Total Assets: $116,602,539
- Total Liabilities: $127,312,657
- Net Assets: -$10,710,118
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$56,251,026
AFTERCARE
Revenue
$1,511,045
FOOD SERVICE
Revenue
$125,456
Organization Details
Founding Year
2001
Phone
(954) 202-3500Principal Officer
Kenneth Haiko
Main Address
800 CORPORATE DRIVE 124, FORT LAUDERDALE, FL, 33334
NTEE Category
Code: B29 - Education
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