Overview
What is North End Educational Development Fund Inc?
The North End Educational Development Fund Inc, situated in Springfield, Massachusetts, is a dedicated nonprofit organization. Its primary mission is to foster education and professional growth among the North End community residents. They accomplish this by offering various assistance programs. These include providing financial aid for higher education, organizing adult basic education courses, and offering occupational skills training. Furthermore, they extend their support to help individuals maintain their jobs. This comprehensive approach to education and training aims to empower and uplift the North End community in Springfield, MA.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (59%)
The North End Educational Development Fund Inc has received a low rating of 59%, which results in a One-Star designation. This score reflects the organization's performance on the Accountability & Finance beacon, indicating significant areas for improvement, particularly in its program expense ratio. The overall fiscal responsibility highlights both strengths and weaknesses in its financial management practices.
On the positive side, the organization demonstrates strong governance, with a fully independent board and no material diversion of assets reported. The board has also been diligent in documenting meeting minutes and maintaining a low liabilities to assets ratio. These factors contribute positively to the accountability aspect of their operations.
However, the charity's program expense ratio is notably low at 58.91%, suggesting that a smaller portion of its expenses is directed toward its core programs than might be expected. Additionally, the salary of the key president appears high at $236,360, which may raise concerns among donors regarding the allocation of funds. Overall, while there are commendable aspects of governance, the organization faces challenges in effectively utilizing its resources for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is North End Educational Development Fund Inc legitimate?
North End Educational Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North End Educational Development Fund 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 North End Educational Development Fund Inc?
The North End Educational Development Fund, as an organization, is committed to providing education and training opportunities for its constituents. This is achieved through various means, including offering financial aid for higher education, conducting adult basic education programs, providing occupational skills training, and offering job maintenance services. The primary goal is to empower individuals within the community to enhance their skills and improve their prospects in the job market.
Who is the CEO of North End Educational Development Fund Inc?
Heriberto Flores is the President of North End Educational Development Fund Inc.
What is the revenue of North End Educational Development Fund Inc?
North End Educational Development Fund Inc's revenue in 2022 was $63,510.
Who are the executives of North End Educational Development Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $236,360
- Other: $12,129
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for North End Educational Development Fund Inc?
North End Educational Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North End Educational Development Fund Inc
The North End Educational Development Fund is an organization dedicated to promoting education and training opportunities for residents in Springfield, Massachusetts. Their mission is threefold: they offer financial assistance for higher education, run adult basic education programs, provide occupational skills training, and offer job maintenance services. This nonprofit aims to empower its community members by equipping them with the necessary skills and resources to pursue their educational goals and secure stable employment. By doing so, the North End Educational Development Fund contributes to the overall development and growth of its constituents.
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Impact
August, 2024
The North End Educational Development Fund Inc supports education and training for North End residents of Springfield, MA through higher education assistance, adult basic education programs, occupational skills training, and job maintenance services. Their impact includes providing essential resources and support for individuals seeking to improve their education, skills, and employment opportunities. By focusing on these areas, the organization plays a vital role in empowering the local community and contributing to its overall development and success.
This information is meant to be a general summary of North End Educational Development Fund 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: $63,510
- Gross Receipts: $283,730
Assets and Liabilities:
- Total Assets: $822,646
- Total Liabilities: $9,001
- Net Assets: $813,645
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Organization Details
Founding Year
1988
Phone
(413) 272-2200Principal Officer
Heriberto Flores
Main Address
11-13 HAMPDEN STREET, SPRINGFIELD, MA, 01103
NTEE Category
Code: B99Z - Education
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