Overview
What is The Alumni And Friends Of Fiorello H Laguardia High School Inc?
The Alumni and Friends of Fiorello H. Laguardia High School Inc. is a nonprofit organization based in New York, committed to supporting talented students at this renowned arts institution. They offer various forms of financial aid, such as annual merit and need-based awards, summer study grants, and mini-grants for special projects. These funds enable students to attend prestigious programs and acquire necessary equipment, ensuring that financial constraints do not hinder their artistic development. The organization also aims to preserve and enhance Laguardia's world-class arts education, providing funding to all studios (art, dance, drama, music, and technical theater). By fostering a sense of community through newsletters, a website, and reunions, the Alumni and Friends of Fiorello H. Laguardia High School Inc. aims to keep alumni connected with the school and its mission. Their funds come from an endowment created by generous donors, with a goal to grow this endowment further to offer even more assistance in the face of budget cuts and increasing needs.
Official website here: www.alumniandfriends.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The Alumni and Friends of Fiorello H. Laguardia High School Inc receives a 73% rating, primarily driven by its accountability and finance practices. The organization shows strong governance with a fully independent board comprising ten members. However, it lacks financial transparency as indicated by the absence of financial statements on its website.
While the organization has a commendable program expense ratio of 81.58%, signaling effective use of funds for its mission, it falls short in several accountability measures. Notably, essential policies such as a whistleblower policy and document retention policy are missing, which could raise concerns about governance practices. Additionally, the absence of posted financial documents may hinder potential donors from fully understanding the nonprofit's financial health.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Alumni And Friends Of Fiorello H Laguardia High School Inc?
96% of 50 reviewers on Facebook recommend The Alumni and Friends of Fiorello H. Laguardia High School Inc. Here is a summary of their reviews:
Many individuals express deep appreciation for the supportive environment provided by the nonprofit, highlighting how it has positively influenced their lives. Personal anecdotes frequently mention the profound impact that the school had on their emotional well-being, with some noting that it played a crucial role in their healing processes during challenging times. Additionally, connections made through the school have blossomed into lifelong relationships, with one review even celebrating a romance that began there.
Overall, the sentiment towards this nonprofit is overwhelmingly positive, reflecting a community that feels grateful for the experiences and opportunities it has facilitated. The organization appears to genuinely fulfill its mission of supporting former students and fostering connections among its members.
This AI summary has been generated from reviews found on Facebook.
Is The Alumni And Friends Of Fiorello H Laguardia High School Inc legitimate?
The Alumni And Friends Of Fiorello H Laguardia High School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Alumni And Friends Of Fiorello H Laguardia High School 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: $132,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,862
For more financial information, click here
Official website here: www.alumniandfriends.org
What is the mission statement of The Alumni And Friends Of Fiorello H Laguardia High School Inc?
The Alumni and Friends of Fiorello H Laguardia High School Inc's mission is to support and enhance the world-class arts education opportunities for all students at Laguardia High School. To achieve this goal, the organization provides funds to various studios like art, dance, drama, music, and technical theater. They aim to ensure that students, regardless of their family income, can pursue their talents through several award and scholarship programs. The organization also covers the current needs of the studios, keeps alumni connected with the school through newsletters, a website, and reunions. Funds for the school and its students come from an endowment of $7.9 million created by generous donors. Proceeds from this endowment provide $350,000 in funding for scholarship and arts programs. The mission of Alumni and Friends of Fiorello H Laguardia High School Inc is to grow this endowment further to provide more assistance, especially as the school faces budget cuts and its needs are greater than ever.
Official website here: www.alumniandfriends.org
Who is the CEO of The Alumni And Friends Of Fiorello H Laguardia High School Inc?
Peter Bakstansky is the President of The Alumni And Friends Of Fiorello H Laguardia High School Inc.
Official website here: www.alumniandfriends.org
What is the revenue of The Alumni And Friends Of Fiorello H Laguardia High School Inc?
The Alumni And Friends Of Fiorello H Laguardia High School Inc's revenue in 2022 was $1,457,959.
Official website here: www.alumniandfriends.org
Who are the executives of The Alumni And Friends Of Fiorello H Laguardia High School Inc and what are their salaries?
The average compensation at The Alumni And Friends Of Fiorello H Laguardia High School Inc during 2022 was $73,190. There are 3 employees and 10 volunteers at The Alumni And Friends Of Fiorello H Laguardia High School Inc.
Here are 11 key members and their salaries:
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- Compensation: $130,000
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- Other: $2,708
Official website here: www.alumniandfriends.org
Where can I find the form 990 for The Alumni And Friends Of Fiorello H Laguardia High School Inc?
The Alumni And Friends Of Fiorello H Laguardia High School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alumniandfriends.org
Learn more at the official website: www.alumniandfriends.org
Mission Statement of The Alumni And Friends Of Fiorello H Laguardia High School Inc
The Alumni and Friends of Fiorello H. Laguardia High School Inc. is committed to upholding and enhancing the exceptional arts education opportunities available to all students at Laguardia High School. Their mission, in essence, is to support and bolster the world-class arts programs offered at the school. To achieve this objective, the organization provides financial assistance to various studios, including art, dance, drama, music, and technical theater. This support ensures that students, regardless of their family's income, can fully explore and hone their talents through various award and scholarship programs.
Furthermore, The Alumni and Friends of Fiorello H. Laguardia High School Inc. also funds the school's current needs and works diligently to maintain connections between alumni and the institution. They accomplish this by distributing newsletters, operating a website, and organizing reunions. The organization's financial resources come primarily from its $7.9 million endowment, a generous contribution from numerous donors. This endowment provides approximately $350,000 in funding for scholarship and arts programs annually. The Alumni and Friends of Fiorello H. Laguardia High School Inc. aims to increase this endowment further, with the ultimate goal of offering even more assistance as the school faces increasing budget cuts and expanding needs.
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Impact
August, 2024
The Alumni And Friends Of Fiorello H Laguardia High School Inc's impact is significant in supporting and enhancing the world-class arts education opportunities for all students at Laguardia High School. They provide crucial student support in various forms, including annual student awards, need-based summer study funding, student aid awards for emergencies, and mini grants for special projects that enrich students' curricular studies.
Moreover, the organization ensures that all students, regardless of family income, can successfully pursue their talents through award and scholarship programs. By maintaining an endowment of $7.9 million and providing $350,000 in funding for scholarships and arts programs, they are able to make a real difference in the lives of Laguardia students and the school's overall arts education environment. Their mission to continue and enhance arts education at Laguardia High School is commendable, especially in light of budget cuts and increasing needs.
This information is meant to be a general summary of The Alumni And Friends Of Fiorello H Laguardia High School 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: $168,543
- Program Service Revenue: $73,456
- Gross Receipts: $3,093,190
Assets and Liabilities:
- Total Assets: $8,260,573
- Total Liabilities: $442
- Net Assets: $8,260,131
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$73,456
Organization Details
Founding Year
1983
Phone
(212) 595-1301Principal Officer
Peter Bakstansky
Main Address
PO BOX 230015, NEW YORK, NY, 100230025
Website
www.alumniandfriends.orgNTEE Category
Code: B84 - Education
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