Overview
What is Boston Collegiate Charter School Foundation Inc?
Boston Collegiate Charter School Foundation Inc is a charitable organization dedicated to supporting Boston Collegiate Charter School. Based in Dorchester, Massachusetts, the Foundation provides financial assistance and resources to expand the school's academic and extracurricular programs. In the fiscal year 2023, the Foundation funded various initiatives such as alumni support, college and career exposure, social-emotional learning interventions, diversity, equity, and inclusion training, and athletics programs. These contributions help prepare the school's 700 students for higher education. Notably, 100% of the school's graduates were accepted into four-year colleges, with students gaining admission to prestigious universities like Northeastern University, Yale University, and the University of Massachusetts. The Foundation also supported the school's Project-Based Learning (PBL) implementation and sponsored a two-week off-site internship program for juniors.
Official website here: www.bostoncollegiate.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Boston Collegiate Charter School Foundation Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 91% in this category, the organization demonstrates a high level of transparency and effective financial management, essential for building trust with donors and stakeholders.
One of the foundation's significant strengths is its governance structure, featuring an entirely independent board of directors. Additionally, the organization has implemented comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its high accountability score. Its impressive program expense ratio of 89.08% indicates that the majority of its funds are directed towards its educational programs.
However, the foundation's liabilities to assets ratio stands at 56.33%, which may raise some concerns regarding its financial stability. While this is still a reasonable figure, potential donors might want to consider this aspect when evaluating the organization's long-term sustainability. Overall, the Boston Collegiate Charter School Foundation appears to be a well-managed and responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Collegiate Charter School Foundation Inc legitimate?
Boston Collegiate Charter School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Collegiate 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.
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Official website here: www.bostoncollegiate.org
What is the mission statement of Boston Collegiate Charter School Foundation Inc?
The Boston Collegiate Charter School Foundation's mission is to promote the financial well-being of Boston Collegiate Charter School. This is achieved by soliciting, receiving, and administering funds for the construction, operation, and maintenance of a permanent home for the school. The foundation supports the school by providing philanthropic dollars, facilities, and leadership. In the fiscal year 2023, philanthropic funds from the foundation funded various initiatives outside of the school's core academic program, including alumni support, college and career exposure, social emotional learning interventions, diversity, equity, and inclusion training, expanded athletics offerings, and a program for providing basic needs to students in financial need. The foundation's support aids in the school's mission of preparing each of its 700 students for college, as demonstrated by the school's achievements in FY23, such as 100% college acceptance for graduates and various sports team victories.
Official website here: www.bostoncollegiate.org
Who is the CEO of Boston Collegiate Charter School Foundation Inc?
Jenna Ogundipe is the President And Chair of Boston Collegiate Charter School Foundation Inc.
Official website here: www.bostoncollegiate.org
What is the revenue of Boston Collegiate Charter School Foundation Inc?
Boston Collegiate Charter School Foundation Inc's revenue in 2023 was $1,836,618.
Official website here: www.bostoncollegiate.org
Who are the executives of Boston Collegiate Charter School Foundation Inc and what are their salaries?
There 44 volunteers at Boston Collegiate Charter School Foundation Inc.
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Official website here: www.bostoncollegiate.org
Where can I find the form 990 for Boston Collegiate Charter School Foundation Inc?
Boston Collegiate Charter School Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bostoncollegiate.org
Learn more at the official website: www.bostoncollegiate.org
Mission Statement of Boston Collegiate Charter School Foundation Inc
Boston Collegiate Charter School Foundation Inc is dedicated to promoting the financial well-being of Boston Collegiate Charter School. The foundation achieves this by raising, receiving, and managing funds for the construction, operation, and maintenance of a permanent home for the school. This financial support extends beyond the school's core academic program, funding initiatives such as alumni support, college and career exposure, social emotional learning interventions, diversity, equity, and inclusion training, expanded athletics offerings, and a program that provides essential items to students and families facing financial hardship.
The foundation's mission aligns with Boston Collegiate Charter School's overall goal of preparing each of its 700 students for college. In the fiscal year 2023, the foundation's philanthropic contributions contributed to several significant achievements at the school. For the twentieth consecutive year, 100% of the school's diploma-earning graduates were accepted into four-year colleges. The class of 2023 also gained admission to prestigious institutions such as Northeastern University, Cal Poly, Union College, Virginia Tech, Wentworth Institute of Technology, and Yale University, as well as every school within the University of Massachusetts state school system.
The foundation also supported the implementation of project-based learning (PBL) at the school, which encourages student-led inquiry and engagement with real-world challenges. This approach helps students develop professional skills, practice networking, and explore career fields that interest them. In May, the school ran a two-week off-site internship program for juniors, placing them in various organizations such as Agios Pharmaceuticals, Boston Medical Center, the Massachusetts State House, and numerous nonprofits and local businesses. The Boston Collegiate Hurricanes boys' cross country, girls' softball, and boys' baseball teams also achieved state championships in the Massachusetts Charter School Athletic Organization.
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Impact
July, 2024
Boston Collegiate Charter School Foundation Inc's impact includes providing crucial financial support to Boston Collegiate Charter School, enabling the school to offer a wide range of initiatives beyond its core academic program. This support has directly contributed to the success of the school, as evidenced by achievements such as maintaining a 100% college acceptance rate for its diploma-earning graduates for twenty consecutive years. Additionally, the Foundation has helped students gain valuable real-world experience through internship programs and expand their professional skills through project-based learning.
Furthermore, the Foundation's support has allowed Boston Collegiate Charter School to excel in athletics, with teams winning state championships and providing students with opportunities to participate in a variety of sports. Overall, the Foundation plays a vital role in ensuring the success and well-being of Boston Collegiate Charter School and its students, helping to prepare them for college and beyond.
This information is meant to be a general summary of Boston Collegiate 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 2023.
- Investment Income: $279,896
- Gross Receipts: $3,204,728
Assets and Liabilities:
- Total Assets: $40,394,372
- Total Liabilities: $22,755,409
- Net Assets: $17,638,963
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Organization Details
Founding Year
1998
Phone
(617) 282-6710Principal Officer
Jenna Ogundipe
Main Address
215 SYDNEY STREET, DORCHESTER, MA, 02125
Website
www.bostoncollegiate.orgNTEE Category
Code: B11 - Education
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