Overview
What is New Springs Inc?
New Springs Inc, a nonprofit organization based in Tampa, Florida, specializes in operating two public charter schools within Hillsborough County. With a dedicated workforce of 46 employees, their mission is centered around providing quality education to the local community. Their primary activity involves operating a public charter school in Hillsborough County, Florida, aiming to contribute positively to the educational landscape of the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
New Springs Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization scored well in several areas, particularly in its commitment to governance, with a fully independent board and strong oversight policies in place. The high program expense ratio of nearly 95% suggests that a large portion of funds is directed towards its programs rather than administrative costs.
Despite its strengths, the organization has a low score in the liabilities to assets ratio, which may indicate potential financial risks. While the overall accountability measures are robust, this particular metric could raise concerns about financial stability in the long term. Nonetheless, the charity's transparency in its operations and commitment to ethical governance are noteworthy strengths that contribute positively to its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is New Springs Inc legitimate?
New Springs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Springs 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 New Springs Inc?
New Springs Inc is committed to operating a public charter school within Hillsborough County, Florida. Their mission is to provide quality education within this context, aiming to create an inclusive learning environment for all students. The organization operates two public charter schools, demonstrating their dedication to expanding educational opportunities in the community. By providing a nurturing and supportive learning environment, New Springs Inc hopes to empower students to reach their full potential.
What is the revenue of New Springs Inc?
New Springs Inc's revenue in 2024 was $4,843,072.
Who are the executives of New Springs Inc and what are their salaries?
There are 46 employees and 25 volunteers at New Springs Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 New Springs Inc?
New Springs Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of New Springs Inc
New Springs Inc, a nonprofit organization, is committed to operating a public charter school within Hillsborough County, Florida. Their mission is centered around providing educational opportunities to students in this region. In particular, New Springs Inc operates not one, but two public charter schools within Hillsborough County, offering a comprehensive educational experience to its students. The organization's focus on public charter schools is aimed at providing a high-quality education to the local community, ensuring that every student has the chance to succeed in their academic pursuits.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
New Springs Inc operates two public charter schools in Hillsborough County, Florida, making a significant impact on the local education landscape. By providing alternative educational options, these schools aim to enhance the learning experience for students and cater to the diverse needs of the community.
Through a focus on innovative teaching methods and curriculum, New Springs Inc fosters a supportive and engaging environment that encourages academic growth. Their commitment to education not only benefits the students enrolled but also contributes to the overall development of the community, preparing future generations for success.
By creating accessible educational opportunities, New Springs Inc plays a vital role in empowering families and promoting educational equity in the region. The organization's efforts help to address educational disparities, ensuring that all students have the chance to thrive and reach their full potential in a nurturing setting.
This information is meant to be a general summary of New Springs 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 2024.
- Program Service Revenue: $4,694,339
- Gross Receipts: $4,843,072
Assets and Liabilities:
- Total Assets: $9,301,162
- Total Liabilities: $7,135,640
- Net Assets: $2,165,522
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FTE - PER STUDENT FUNDING
Revenue
$3,370,903
FEDERAL FUNDING
Revenue
$1,305,909
AFTERCARE
Revenue
$17,527
Organization Details
Founding Year
2006
Principal Officer
Oguz Tekin
NTEE Category
Code: B29 - Education
If you are a representative of New Springs Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.