Overview
What is Chelsea Fund For Education Inc?
Chelsea Fund for Education Inc. is a nonprofit organization situated in New York City, specifically at 235 West 23rd Street, New York, NY 10011. Their mission is to encourage and support educational and cultural activities that uphold peace, democracy, and workers' rights. They strive to collaborate with existing community organizations and coalitions to pioneer unique programming that fosters a deeper understanding of contemporary society, enhances leadership skills, cultivates new interpersonal relationships, and strengthens focused organizations. The organization hosts various events, such as the 10-day Marxist school in NYC in July 2022 and a basic introduction to Marxist politics and ideology for 20 participants in December 2022. Chelsea Fund for Education Inc. is dedicated to promoting an inclusive and equitable community through education and cultural activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Chelsea Fund For Education Inc has received a solid Three-Star rating from Charity Navigator, reflecting its overall score of 75%. This score is based exclusively on the Accountability & Finance beacon, which assesses financial health and governance practices. A significant strength of the organization is its commitment to accountability, highlighted by features such as a fully independent board and a robust conflict of interest policy.
The organization has demonstrated effective financial management, as evidenced by a favorable liabilities to assets ratio of 0.00% and a program expense ratio of 66.45%. This indicates that a substantial portion of its expenses is directed toward its educational programs. Furthermore, Chelsea Fund For Education Inc adheres to good governance practices, maintaining transparency through documented board meeting minutes and policies for whistleblower protection and document retention.
Despite these strengths, the organization is rated based solely on its accountability and finance metrics, which may limit insights into its overall impact. Prospective donors and supporters may wish to consider additional factors such as program effectiveness and community feedback in their evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Chelsea Fund For Education Inc legitimate?
Chelsea Fund For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chelsea Fund For Education 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Chelsea Fund For Education Inc?
Chelsea Fund for Education Inc. exists to encourage and support educational and cultural activities that foster peace, democracy, and workers' rights. The organization aims to partner with existing community organizations and coalitions to develop original programming, promoting a deeper understanding of society today, leadership skills, new interpersonal relationships, and stronger, more focused organizations. The mission of Chelsea Fund for Education Inc. is to contribute to the betterment of society by investing in educational initiatives that empower individuals and strengthen communities.
Who is the CEO of Chelsea Fund For Education Inc?
Flavio Casoy is the President/Tr of Chelsea Fund For Education Inc.
What is the revenue of Chelsea Fund For Education Inc?
Chelsea Fund For Education Inc's revenue in 2022 was $619,633.
Who are the executives of Chelsea Fund For Education Inc and what are their salaries?
There 20 volunteers at Chelsea Fund For Education Inc.
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Where can I find the form 990 for Chelsea Fund For Education Inc?
Chelsea Fund For Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chelsea Fund For Education Inc
Chelsea Fund for Education Inc, with a mission to encourage and support educational and cultural activities, strives to promote peace, democracy, and workers' rights. The organization aims to collaborate with existing community organizations and coalitions, developing unique programming that fosters a deeper understanding of contemporary society, enhances leadership skills, builds new interpersonal relationships, and strengthens focused organizations. Chelsea Fund for Education Inc seeks to contribute to societal growth and unity by empowering individuals and organizations with the necessary tools and knowledge for effective engagement and positive change.
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Impact
July, 2024
Chelsea Fund For Education Inc's impact can be seen in the educational and cultural activities it supports that promote peace, democracy, and workers' rights. By partnering with community organizations and coalitions, the fund develops original programming that fosters a deeper understanding of society, leadership skills, new interpersonal relationships, and stronger, more focused organizations. Through initiatives like the Little Red School House project in NYC and Marxist school classes in Minnesota, the fund is actively educating and empowering young people with Marxist politics and ideology. This focus on critical thinking and social awareness contributes to creating a more informed and engaged society.
This information is meant to be a general summary of Chelsea Fund For Education 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: $110,568
- Program Service Revenue: $1,885
- Gross Receipts: $638,059
Assets and Liabilities:
- Total Assets: $2,054,435
- Total Liabilities: $0
- Net Assets: $2,054,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL PROJECT REGISTRATION
Revenue
$1,745
LITERATURE PROJECT
Revenue
$140
Organization Details
Founding Year
1989
Phone
(646) 556-7412Principal Officer
Flavio Casoy
Main Address
235 WEST 23RD STREET, NEW YORK, NY, 10011
NTEE Category
Code: A99Z - Arts
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