Overview
What is The Teak Fellowship Inc?
The Teak Fellowship Inc is a nonprofit organization situated in New York City. Its primary mission is to assist academically gifted students from low-income families in securing admission into prestigious secondary schools and colleges. They achieve this goal through meticulous high school programs. This comprehensive support system empowers these talented students, ensuring they have the necessary resources and opportunities to excel in their educational journey.
Official website here: www.teakfellowship.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The Teak Fellowship Inc has achieved an outstanding Four-Star rating from Charity Navigator, reflecting its excellence in both accountability and finance, as well as culture and community. With a perfect score of 100 in all evaluated areas, this nonprofit demonstrates a robust commitment to transparency and effective use of resources, ensuring that donations are directed towards impactful initiatives.
User reviews consistently highlight the transformative impact of The Teak Fellowship on its participants. Many former students, now successful professionals, credit the organization with providing them opportunities they would not have otherwise had, including access to prestigious educational institutions and invaluable mentorship. The commitment of the staff and volunteers is frequently noted, showcasing a nurturing environment that goes beyond academic support to foster personal and professional growth.
While the overwhelming majority of feedback is positive, there are mentions of challenges in the selection process, with one reviewer expressing dissatisfaction regarding the transparency of admissions. However, this appears to be an isolated incident among a plethora of enthusiastic endorsements. Overall, The Teak Fellowship Inc is recognized as an exemplary organization dedicated to empowering underserved youth through education and mentorship.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Teak Fellowship Inc?
94% of the reviewers on Facebook are in favor of The Teak Fellowship Inc, highlighting a strong endorsement of the nonprofit's mission. Many praise the organization for its excellent program that supports students from underprivileged backgrounds, emphasizing the positive impact it has on their educational and personal growth.
Reviewers appreciate the way The Teak Fellowship challenges its students to think big and aspire towards ambitious goals. They acknowledge that the program provides essential resources and life experiences that many of these students might not encounter otherwise. The staff is commended for their dedication to pushing students to excel and for fostering an environment where hard work and ambition are nurtured.
Overall, those involved express great satisfaction with the opportunities offered by The Teak Fellowship, urging eligible students to apply for the program and highlighting its potential to transform lives.
This AI summary has been generated from reviews found on Facebook.
Is The Teak Fellowship Inc legitimate?
The Teak Fellowship Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Teak Fellowship 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: $316,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,693,471
For more financial information, click here
Official website here: www.teakfellowship.org
What is the mission statement of The Teak Fellowship Inc?
The Teak Fellowship Inc's mission is centered around assisting academically gifted students hailing from low-income families in New York City, enabling them to secure admission into some of the most prestigious secondary schools and colleges. The organization accomplishes this mission through its comprehensive high school programs. The key objective is to provide these talented students with the necessary support and resources to navigate the competitive admissions process, thereby enhancing their opportunities for higher education.
Official website here: www.teakfellowship.org
Who is the CEO of The Teak Fellowship Inc?
Jared Horowitz is the Chair of The Teak Fellowship Inc.
Official website here: www.teakfellowship.org
What is the revenue of The Teak Fellowship Inc?
The Teak Fellowship Inc's revenue in 2022 was $4,546,144.
Official website here: www.teakfellowship.org
Who are the executives of The Teak Fellowship Inc and what are their salaries?
The average compensation at The Teak Fellowship Inc during 2022 was $31,400. There are 64 employees and 350 volunteers at The Teak Fellowship Inc.
Here are 27 key members and their salaries:
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- Other: $31,167
Official website here: www.teakfellowship.org
Where can I find the form 990 for The Teak Fellowship Inc?
The Teak Fellowship Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teakfellowship.org
Learn more at the official website: www.teakfellowship.org
Mission Statement of The Teak Fellowship Inc
The Teak Fellowship Inc is an organization dedicated to aiding academically gifted students hailing from low-income families in New York City. Its primary mission is to facilitate their admission into some of the most prestigious secondary schools and colleges. This is achieved through comprehensive high school programs that The Teak Fellowship meticulously designs and implements. The nonprofit's objective is to bridge the opportunity gap that often exists between these talented students and their more affluent counterparts, thereby ensuring that merit is the sole determinant of academic success, regardless of financial background.
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Impact
October, 2024
The Teak Fellowship Inc significantly impacts academically talented New York City students from low-income families by providing them with the resources and support needed to gain admission to the most selective secondary schools and colleges. Through comprehensive high school programs, it equips these students with the academic skills, mentorship, and guidance necessary to navigate the competitive admissions process. By focusing on this demographic, The Teak Fellowship not only enhances educational opportunities for individuals but also works to promote equity within the educational system, contributing to a more diverse and inclusive academic environment. The program ultimately empowers students to achieve their academic goals and realize their full potential, helping to break the cycle of poverty and open doors to future success.
This information is meant to be a general summary of The Teak Fellowship 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: $189,844
- Gross Receipts: $10,345,941
Assets and Liabilities:
- Total Assets: $18,621,774
- Total Liabilities: $2,314,788
- Net Assets: $16,306,986
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Organization Details
Founding Year
1998
Phone
(212) 288-6678Principal Officer
Jared Horowitz
Main Address
16 WEST 22ND STREET 3RD FLOOR 301, NEW YORK, NY, 10010
Website
www.teakfellowship.orgNTEE Category
Code: P20 - Human services
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