Overview
What is Pave Schools Inc?
Pave Schools Inc, based in Brooklyn, New York, was a charter management organization that provided essential services to Pave Academy Charter School and Pave Southeast Raleigh Charter School. These services encompassed educational, operational, fiscal management, and human resources support. The organization's mission was centered around the core values of perseverance, achievement, vibrance, and excellent character, with a focus on providing support through fundraising. As of June 30, 2020, the management agreements between Pave Schools Inc and both charter schools were mutually terminated. Currently, in the fiscal year 2022, Pave Schools Inc is in the process of winding down operations, having completed its final employee transition in February 2021. Now, the charter schools operate as standalone, community-based public charter schools, governed and supported by local boards of directors.
Official website here: www.paveschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Pave Schools Inc has achieved an impressive 97% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This high score is primarily based on its solid performance in the Accountability & Finance beacon, demonstrating effective governance and financial practices. The organization boasts a fully independent board, which is a significant factor in its governance excellence.
The organization has demonstrated transparency and adherence to best practices, with a perfect score in areas such as conflict of interest policies, whistleblower protections, and document retention policies. Its liabilities to assets ratio is remarkably low at 0.07%, indicating strong financial health. Additionally, Pave Schools allocates a substantial portion of its budget, 95.02%, directly to program expenses, showcasing its dedication to its mission.
Overall, Pave Schools Inc stands out as a well-managed nonprofit with robust safeguards in place to ensure accountability. However, as with any organization, continuous monitoring of its operations and financial practices is essential to maintain this high standard.
This AI summary has been generated from information found on Charity Navigator.
Is Pave Schools Inc legitimate?
Pave Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pave Schools 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
Official website here: www.paveschools.org
What is the mission statement of Pave Schools Inc?
Pave Schools Inc, previously supporting the operation of charter schools in Brooklyn, New York, and Raleigh, North Carolina, focused on instilling values of perseverance, achievement, vibrance, and excellent character. The organization provided support through fundraising for these schools. After ceasing operations, the charter schools now operate independently as community-based public charter schools, governed and supported by local boards of directors.
Official website here: www.paveschools.org
Who is the CEO of Pave Schools Inc?
Patrick Sweeney is the Board Chair And President of Pave Schools Inc.
Official website here: www.paveschools.org
What is the revenue of Pave Schools Inc?
Pave Schools Inc's revenue in 2022 was $5,559.
Official website here: www.paveschools.org
Who are the executives of Pave Schools Inc and what are their salaries?
There is 1 employee and 6 volunteers at Pave Schools Inc.
Here are 6 key members and their salaries:
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Official website here: www.paveschools.org
Where can I find the form 990 for Pave Schools Inc?
Pave Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paveschools.org
Learn more at the official website: www.paveschools.org
Mission Statement of Pave Schools Inc
Pave Schools Inc, a nonprofit organization, was dedicated to supporting the operation of charter schools in Brooklyn, New York, and Raleigh, North Carolina. The organization's mission was grounded in its core values of perseverance, achievement, vibrance, and exhibiting excellent character. Pave Schools Inc played a significant role in this endeavor by providing support through fundraising efforts. After its operations ceased, the charter schools now function independently as community-based public charter schools, overseen and supported by local boards of directors.
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Impact
August, 2024
Pave Schools Inc had a significant impact on the operation of charter schools in Brooklyn, New York, and Raleigh, North Carolina. The organization provided management services to Pave Academy Charter School and Pave Southeast Raleigh Charter School, including educational, operational, fiscal management, and human resources services. Pave Schools Inc focused on core values such as perseverance, achievement, vibrance, and excellent character, supporting these values through fundraising efforts. While the organization has now shut down its operations, the charter schools continue to exist as standalone, community-based public charter schools governed and supported by local boards of directors.
This information is meant to be a general summary of Pave Schools 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: $559
- Gross Receipts: $5,559
Assets and Liabilities:
- Total Assets: $31,353,489
- Total Liabilities: $16,517
- Net Assets: $31,336,972
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Organization Details
Founding Year
2006
Phone
(718) 858-7813Principal Officer
Patrick Sweeney
Main Address
732 HENRY STREET, BROOKLYN, NY, 11231
Website
www.paveschools.orgNTEE Category
Code: B112 - Education
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