Overview
What is Friends Of Dpny Inc?
Friends of DPNY Inc. is a nonprofit organization based in Bronx, New York, specifically at 3872 Third Avenue. Its primary mission is to support the operations of Democracy Prep New York Charter Schools, a not-for-profit education corporation that manages five charter schools in New York. The nonprofit provides facilities assistance to Democracy Prep, as evidenced by Friends of Bronx Preparatory Charter School, Inc. subleasing facilities to the school, generating rental income of $69,500 during the fiscal year. In essence, Friends of DPNY Inc. plays a crucial role in supporting the real estate and facilities-related needs of Democracy Prep New York Charter Schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Friends Of Dpny Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score of 94% is solely derived from its Accountability & Finance metrics, emphasizing its commitment to transparency and responsible financial practices. The organization has demonstrated excellence in various areas, including a 100% independent board and no material diversion of assets.
The nonprofit has maintained a strong program expense ratio of 99.58%, meaning that nearly all of its expenditures are directed towards its programs and mission. This efficiency illustrates the organization's dedication to maximizing the impact of its resources. Additionally, the charity has policies in place regarding conflict of interest, whistleblower protections, and document retention, all of which enhance its accountability.
While the data highlights significant strengths, the summary does not indicate any specific limitations or challenges faced by Friends Of Dpny Inc. Overall, the charity's high rating reflects its commitment to operational transparency and effective program delivery, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Dpny Inc legitimate?
Friends Of Dpny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Dpny 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Friends Of Dpny Inc?
Friends of DPNY Inc. is an organization that supports the operations of Democracy Prep New York Charter Schools by providing facilities assistance. Their mission is to help meet the real estate and facilities-related needs of these charter schools, ensuring they have suitable learning environments. By providing such support, Friends of DPNY Inc. contributes to the smooth operation of Democracy Prep New York Charter Schools, which is a not-for-profit education corporation operating five charter schools in New York State. The organization derives rental income from subleasing facilities to one of these schools, specifically Friends of Bronx Preparatory Charter School, Inc. during the fiscal year.
Who is the CEO of Friends Of Dpny Inc?
Brian Berger is the Chairman & President of Friends Of Dpny Inc. The CEO's salary of Friends Of Dpny Inc is $0 and their total compensation is $0.
What is the revenue of Friends Of Dpny Inc?
Friends Of Dpny Inc's revenue in 2022 was $69,606.
Who are the executives of Friends Of Dpny Inc and what are their salaries?
There 7 volunteers at Friends Of Dpny Inc.
Here are 9 key members and their salaries (Friends Of Dpny Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Friends Of Dpny Inc?
Friends Of Dpny Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Dpny Inc
Friends of DPNY Inc, a not-for-profit organization, is dedicated to supporting the operations of Democracy Prep New York Charter Schools. Specifically, their mission is to provide assistance with the schools' real estate and facilities-related needs. This involves offering necessary support to ensure the smooth operation of the five charter schools operated by Democracy Prep New York Charter Schools, a New York State-based education corporation. A notable example of their support is through Friends of Bronx Preparatory Charter School, Inc., which subleases facilities to the school, generating rental income of $69,500 during the fiscal year. By providing such facilities support, Friends of DPNY Inc plays a crucial role in the success and continuity of Democracy Prep New York Charter Schools.
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Impact
October, 2024
Friends Of Dpny Inc plays a crucial role in enhancing the operational capacity of Democracy Prep New York Charter Schools. By providing essential facilities support, this organization ensures that the schools can focus on delivering high-quality education to their students. The rental income generated through their sublease agreement facilitates necessary resources and improvements, contributing to a stable and conducive learning environment. By addressing the real estate and facilities-related needs of these schools, Friends Of Dpny Inc directly impacts the educational experience of students, fostering an atmosphere where they can thrive academically and socially. The support provided helps maintain the infrastructure required for effective teaching and learning, ultimately benefiting the communities served by these charter schools in the Bronx.
This information is meant to be a general summary of Friends Of Dpny 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: $106
- Program Service Revenue: $69,500
- Gross Receipts: $69,606
Assets and Liabilities:
- Total Assets: $12,433,044
- Total Liabilities: $707,614
- Net Assets: $11,725,430
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$69,500
Organization Details
Founding Year
1999
Phone
(718) 294-0841Principal Officer
Brian Berger
Main Address
3872 THIRD AVENUE, BRONX, NY, 10457
NTEE Category
Code: B94 - Education
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