Overview
What is Christa Mcauliffe Charter School Foundation Inc?
Christa Mcauliffe Charter School Foundation Inc is a nonprofit organization situated at 139 Newbury Street, Framingham, Massachusetts 01701. Its primary purpose is to support the activities of Christa Mcauliffe Charter School, formerly known as Christa Mcauliffe Regional Charter Public School. The foundation was established specifically for the benefit and upholding of this school, aiming to reinforce its functions and purpose. The organization's mission is to foster the growth and success of its associated school by providing necessary support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (59%)
The Christa McAuliffe Charter School Foundation Inc has received a one-star rating from Charity Navigator, indicating potential concerns regarding its financial health. The overall score is primarily based on the Accountability & Finance category, where it scored 59%. While the organization has demonstrated strengths in governance, with 100% independent board members and proper documentation of board meeting minutes, the financial metrics suggest areas needing improvement.
A notable strength of the organization is its complete independence in board composition, which helps in ensuring unbiased decision-making. Additionally, the foundation maintains strong audit practices and has not reported any significant diversion of assets. However, the liabilities to assets ratio is concerning at 105.97%, indicating potential financial instability, which is a critical factor for donors and stakeholders to consider.
The program expense ratio stands at 63.90%, reflecting that a majority of expenditures are directed toward programs, which is a positive sign. Nonetheless, the low overall rating suggests that while governance practices are strong, financial aspects may need closer scrutiny and improvement to enhance the foundation's sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Christa Mcauliffe Charter School Foundation Inc legitimate?
Christa Mcauliffe Charter School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christa Mcauliffe Charter School 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
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What is the mission statement of Christa Mcauliffe Charter School Foundation Inc?
The Christa Mcauliffe Charter School Foundation Inc was established with the primary objective of supporting and benefiting Christa Mcauliffe Charter School. Its mission is to uphold and advance the functions and purpose of this school. The foundation aims to assist in the activities of the school, formerly known as Christa Mcauliffe Regional Charter Public School, to ensure its continued success and growth. By providing necessary resources and support, the foundation seeks to contribute positively to the educational journey of its students.
Who is the CEO of Christa Mcauliffe Charter School Foundation Inc?
Tracee Murphy is the President of Christa Mcauliffe Charter School Foundation Inc.
What is the revenue of Christa Mcauliffe Charter School Foundation Inc?
Christa Mcauliffe Charter School Foundation Inc's revenue in 2022 was $697,759.
Who are the executives of Christa Mcauliffe Charter School Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $138,737
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Where can I find the form 990 for Christa Mcauliffe Charter School Foundation Inc?
Christa Mcauliffe Charter School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Christa Mcauliffe Charter School Foundation Inc
The Christa McAuliffe Charter School Foundation Inc was established with a singular purpose: to support and benefit Christa McAuliffe Charter School. This foundation's mission is to uphold and reinforce the functions and objectives of the aforementioned charter school. In essence, the foundation aims to contribute to and facilitate the activities of Christa McAuliffe Charter School, ensuring its continued success and growth.
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Impact
July, 2024
The impact of Christa Mcauliffe Charter School Foundation Inc is focused on providing exclusive support and benefits to Christa Mcauliffe Charter School in Framingham, MA. The foundation aims to enhance the activities and functions of the school, ensuring its continued success in providing education to students in the region. Through its philanthropic endeavors, the foundation plays a crucial role in supporting the mission and purpose of Christa Mcauliffe Charter School.
This information is meant to be a general summary of Christa Mcauliffe Charter School 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: $6
- Program Service Revenue: $679,587
- Gross Receipts: $697,759
Assets and Liabilities:
- Total Assets: $8,009,500
- Total Liabilities: $8,185,987
- Net Assets: -$176,487
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$679,587
Organization Details
Founding Year
2000
Phone
(508) 879-9000Principal Officer
Tracee Murphy
Main Address
139 NEWBURY STREET, FRAMINGHAM, MA, 01701
NTEE Category
Code: T20 - Philanthropy
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