Overview
What is Preparatory Foundation Inc?
Preparatory Foundation Inc, based in Hyde Park, Massachusetts, is a dedicated nonprofit organization. Established with a mission, they aim to improve educational opportunities for college preparation in the Boston area. Specifically, their activities focus on enhancing these prospects, thereby contributing to the community's development and future leaders. The organization's mission statement underscores their commitment to this cause.
Official website here: www.bostonprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Preparatory Foundation Inc has received an overall score of 85%, reflecting a strong emphasis on accountability and finance management. The high score indicates that the organization adheres to rigorous standards of operational transparency and has established a solid framework for financial oversight. The foundation boasts a fully independent board, which is an essential strength in ensuring objective governance and decision-making.
The financial health of the organization is highlighted by a robust program expense ratio of 100%, suggesting that all of its funds are directed towards its mission-related activities. Additionally, the foundation has a commendable working capital ratio of 3.23 years, illustrating its capacity to sustain operations without immediate reliance on additional funding. However, the liability to assets ratio is notably low at 80.94%, indicating potential concerns over financial risk or leverage.
Despite these strengths, the organization has room for improvement in fundraising efficiency, currently reporting a ratio of $0.00. This may suggest challenges in generating external support or demonstrating effective fundraising strategies. Overall, while Preparatory Foundation Inc exhibits strong governance and financial accountability, enhancing fundraising efforts could further bolster its sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Preparatory Foundation Inc legitimate?
Preparatory Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preparatory 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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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bostonprep.org
What is the mission statement of Preparatory Foundation Inc?
The Preparatory Foundation Inc's mission is centered around enhancing educational opportunities for college preparation in an unspecified area. Their primary objective is to provide resources and establish a conducive environment that aids in the preparation of students for higher education. This non-profit organization strives to make a significant impact on the educational landscape by offering college preparatory opportunities. Their mission is geared towards equipping students with the necessary skills and knowledge to excel in their academic pursuits.
Official website here: www.bostonprep.org
Who is the CEO of Preparatory Foundation Inc?
Bill Clark is the President of Preparatory Foundation Inc.
Official website here: www.bostonprep.org
What is the revenue of Preparatory Foundation Inc?
Preparatory Foundation Inc's revenue in 2022 was $4,386,589.
Official website here: www.bostonprep.org
Who are the executives of Preparatory Foundation Inc and what are their salaries?
There 20 volunteers at Preparatory Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.bostonprep.org
Where can I find the form 990 for Preparatory Foundation Inc?
Preparatory Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bostonprep.org
Learn more at the official website: www.bostonprep.org
Mission Statement of Preparatory Foundation Inc
Preparatory Foundation Inc, a nonprofit organization, is dedicated to enriching educational opportunities for college preparation in the Boston area. The core mission of this organization is to extend and improve the college preparatory prospects for individuals within the Boston community. By providing these enhanced educational opportunities, Preparatory Foundation Inc aims to contribute positively to the personal growth and future success of its beneficiaries.
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Impact
July, 2024
Preparatory Foundation Inc's impact can be seen in its dedication to enhancing educational college preparatory opportunities in the Boston area. Through its programs and initiatives, the organization is working towards equipping students with the skills and resources they need to succeed academically and pursue higher education. By focusing on college preparation, Preparatory Foundation Inc is helping to empower students and open doors to future opportunities.
This information is meant to be a general summary of Preparatory 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.
- Gross Receipts: $4,386,589
Assets and Liabilities:
- Total Assets: $65,188,971
- Total Liabilities: $54,183,127
- Net Assets: $11,005,844
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Organization Details
Founding Year
2003
Phone
(617) 333-6688Principal Officer
Bill Clark
Main Address
1286 HYDE PARK AVENUE, HYDE PARK, MA, 02136
Website
www.bostonprep.orgNTEE Category
Code: T30 - Philanthropy
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