Overview
What is Securing Assets For Education?
Securing Assets For Education is a nonprofit organization based in Moncks Corner, South Carolina, with the address 229 East Main Street, 29461. Their primary mission is to acquire, construct, finance, manage, and operate school buildings and other public education facilities for the Berkeley County School District's use and benefit. Additionally, they promote public education through collaborations with governmental entities and organizations exempt under section 501(c)(3) of the Internal Revenue Code that offer public education in Berkeley County, South Carolina. In simpler terms, Securing Assets For Education focuses on building and renovating schools within the Berkeley County School District.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67% (Two-Star out of Four Star Rating)
Securing Assets For Education has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some good practices, there are significant areas for improvement. The charity excels in its Accountability & Finance, particularly with a perfect score in areas such as independent board members and program expense ratio. Its commitment to transparency is evident through its documentation of board meeting minutes and the absence of asset diversion.
However, there are notable limitations that impact its overall score. The organization lacks essential policies, including conflict of interest and whistleblower policies, which are vital for ensuring ethical governance and accountability. Additionally, the failure to include its website on tax forms and other missing documentation further detracts from its financial transparency and stakeholder trust.
While the charity has strong program expenditure, the high liabilities to assets ratio raises concerns about its financial health. Addressing these governance and reporting issues could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Securing Assets For Education legitimate?
Securing Assets For Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Securing Assets For Education 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 Securing Assets For Education?
Securing Assets For Education is a non-profit organization dedicated to enhancing public education facilities within the Berkeley County School District. Its primary mission is to construct, renovate, finance, and manage these facilities to benefit the district. Additionally, the organization actively promotes public education by collaborating with other 501(c)(3) organizations and governmental entities that provide educational services in Berkeley County.
Who is the CEO of Securing Assets For Education?
B Shawan Gillians is the Director of Securing Assets For Education.
What is the revenue of Securing Assets For Education?
Securing Assets For Education's revenue in 2022 was $22,813,552.
Who are the executives of Securing Assets For Education and what are their salaries?
There 3 volunteers at Securing Assets For Education.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Securing Assets For Education?
Securing Assets For Education's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Securing Assets For Education
Securing Assets For Education, or SAFE, is an organization dedicated to enhancing the educational facilities of the Berkeley County School District. Established for this specific purpose, SAFE focuses on acquiring, constructing, financing, maintaining, operating, managing, leasing, and disposing of school buildings and other public education facilities. The ultimate goal is to provide these resources for the benefit of the Berkeley County School District.
Moreover, SAFE encourages and promotes public education through cooperative arrangements with governmental entities and other organizations that share the same 501(c)(3) tax-exempt status as Securing Assets For Education. These collaborative partnerships aim to expand the reach and impact of public education in Berkeley County, South Carolina. By working together, SAFE and its affiliated organizations can create a better learning environment for the students and teachers of the Berkeley County School District.
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Impact
October, 2024
Securing Assets For Education significantly impacts the Berkeley County School District by enhancing the quality and accessibility of educational facilities. Through the acquisition, construction, renovation, and maintenance of school buildings, this initiative directly supports a conducive learning environment for students, promoting their educational success.
By focusing on improving public education infrastructure, it fosters community collaboration, bringing together governmental entities and organizations dedicated to advancing education in the region. This cooperation not only leads to better facilities but also strengthens the overall educational ecosystem, ensuring that resources are effectively utilized to meet the needs of students and educators alike.
Ultimately, the work of Securing Assets For Education reflects a commitment to elevating educational standards in Berkeley County, paving the way for improved learning opportunities and outcomes for all students.
This information is meant to be a general summary of Securing Assets For Education. 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: $3,073
- Program Service Revenue: $22,810,479
- Gross Receipts: $22,813,552
Assets and Liabilities:
- Total Assets: $210,128,635
- Total Liabilities: $210,848,393
- Net Assets: -$719,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRINCIPAL PAYMENTS FROM BERKELEY
Revenue
$14,600,000
INTEREST PAYMENTS FROM BERKELEY C
Revenue
$7,495,683
PREMIUM AMORTIZATION ON SERIES 20
Revenue
$714,796
Organization Details
Founding Year
2003
Phone
(843) 899-8658Principal Officer
B Shawan Gillians
Main Address
229 EAST MAIN STREET, MONCKS CORNER, SC, 29461
NTEE Category
Code: B11 - Education
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