Overview
What is South Shore Charter Educational Foundation Inc?
South Shore Charter Educational Foundation Inc is a nonprofit organization based in Norwell, Massachusetts, specifically at 100 Longwater Circle. Their primary mission is to raise funds for South Shore Charter Public School and manage the facility where the school operates. The foundation seeks to support the school's functions and ensure that it has a suitable location to serve its students effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The South Shore Charter Educational Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The foundation shows a strong commitment to governance, with 88% of its board members being independent and a comprehensive set of policies in place, including a conflict of interest policy and a whistleblower policy.
Financially, the foundation excels in program spending, with a program expense ratio of 99.31%, reflecting a focus on its mission. However, it has a notable liability to assets ratio of 91.06%, which may raise concerns about its financial stability and long-term sustainability. While the organization has strong oversight mechanisms and transparency practices, potential donors might want to consider this financial aspect when evaluating the foundation's overall health.
This AI summary has been generated from information found on Charity Navigator.
Is South Shore Charter Educational Foundation Inc legitimate?
South Shore Charter Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Shore Charter Educational 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: $0
For more financial information, click here
What is the mission statement of South Shore Charter Educational Foundation Inc?
The South Shore Charter Educational Foundation Inc is dedicated to raising funds for the South Shore Charter Public School and managing the facility where the school operates. Their primary goal is to support the school's functions financially and ensure the maintenance of the property where education takes place. The foundation serves as a key contributor to the school's well-being, providing essential resources to enhance its operational capabilities.
Who is the CEO of South Shore Charter Educational Foundation Inc?
Eric Greene is the President of South Shore Charter Educational Foundation Inc.
What is the revenue of South Shore Charter Educational Foundation Inc?
South Shore Charter Educational Foundation Inc's revenue in 2023 was $663,716.
Who are the executives of South Shore Charter Educational Foundation Inc and what are their salaries?
There 150 volunteers at South Shore Charter Educational Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $179,787
- Other: $972
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- Other: $0
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Where can I find the form 990 for South Shore Charter Educational Foundation Inc?
South Shore Charter Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of South Shore Charter Educational Foundation Inc
South Shore Charter Educational Foundation, a nonprofit organization, is dedicated to supporting South Shore Charter Public School in various capacities. Its primary mission is to raise funds for the school's operations and maintain the facility where it is located. The foundation serves as a financial backbone, ensuring the school has the necessary resources to function effectively. By owning and managing the school's property, the foundation ensures a stable and conducive learning environment for the students, contributing to their overall educational experience.
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Impact
July, 2024
South Shore Charter Educational Foundation Inc is dedicated to raising funds and providing support for South Shore Charter Public School. By owning and maintaining the facility where the school is located, the foundation ensures a safe and conducive environment for students to learn and grow. Through its efforts, the foundation plays a crucial role in enhancing the educational experience for students and supporting the school's mission of providing quality education.
This information is meant to be a general summary of South Shore Charter Educational 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 2023.
- Investment Income: $1,270
- Program Service Revenue: $632,649
- Gross Receipts: $663,716
Assets and Liabilities:
- Total Assets: $12,978,965
- Total Liabilities: $11,819,869
- Net Assets: $1,159,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTERCOMPANY INTEREST
Revenue
$411,165
RENTAL INCOME - DEFERR
Revenue
$221,484
Organization Details
Founding Year
2004
Phone
(781) 982-4202Principal Officer
Eric Greene
Main Address
100 LONGWATER CIRCLE, NORWELL, MA, 02061
NTEE Category
Code: B112 - Education
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