Overview
What is Charter School Incubator Initiative?
Charter School Incubator Initiative (CSII) is a nonprofit organization situated in Washington D.C., specifically at 1776 I Street NW. Its primary mission is to support the establishment of new public charter schools in the District of Columbia by offering them temporary, or "incubator," facilities. CSII achieves this by leasing underutilized school buildings from the District of Columbia government at reduced rates, providing property management services, and renovating and modernizing the facilities with short-term debt financing. The initiative aims to assist start-up charter schools during their initial phase, thereby contributing to the growth of educational opportunities in the district.
Official website here: www.bpathways.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
The Charter School Incubator Initiative has received an 82% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is based entirely on their performance in the Accountability & Finance category, showcasing their commitment to transparency and responsible financial management. The organization received high marks for having a fully independent board and robust financial oversight practices, including regular audits.
Strengths highlighted in the evaluation include a strong program expense ratio of 92.35%, which suggests that a significant portion of their funding is directed toward programmatic activities rather than administrative costs. The charity also maintains a conflict of interest policy and has documented board meeting minutes, further enhancing its governance practices.
However, there are areas for improvement. The absence of a whistleblower policy and a document retention and destruction policy were noted, which could pose risks to the organization's accountability framework. Additionally, while the liabilities to assets ratio is moderately healthy at 57.35%, it reflects a need for ongoing attention to financial sustainability. Overall, the Charter School Incubator Initiative demonstrates a commitment to effective governance and financial responsibility, while also facing some governance policy gaps.
This AI summary has been generated from information found on Charity Navigator.
Is Charter School Incubator Initiative legitimate?
Charter School Incubator Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charter School Incubator Initiative 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: $409,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bpathways.org
What is the mission statement of Charter School Incubator Initiative?
The Charter School Incubator Initiative's mission is to support the establishment of new charter schools by providing them with temporary, "incubator" facilities. To achieve this, the initiative leases unused school facilities, primarily from local government entities, at below-market rental rates. It also offers property management services, including maintenance, cleaning, and repairs, and funds renovations and modernizations through short-term debt. The primary objective is to help start-up public charter schools get off the ground and provide quality education to students.
Official website here: www.bpathways.org
Who is the CEO of Charter School Incubator Initiative?
Ornella Napolitano is the Secretary As Of 6/2023 of Charter School Incubator Initiative.
Official website here: www.bpathways.org
What is the revenue of Charter School Incubator Initiative?
Charter School Incubator Initiative's revenue in 2023 was $10,504,064.
Official website here: www.bpathways.org
Who are the executives of Charter School Incubator Initiative and what are their salaries?
The average compensation at Charter School Incubator Initiative during 2023 was $204,520. There are 2 employees and 3 volunteers at Charter School Incubator Initiative.
Here are 5 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Compensation: $171,682
- Related: $0
- Other: $11,236
- Compensation: $160,856
- Related: $0
- Other: $32,410
Official website here: www.bpathways.org
Where can I find the form 990 for Charter School Incubator Initiative?
Charter School Incubator Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bpathways.org
Learn more at the official website: www.bpathways.org
Mission Statement of Charter School Incubator Initiative
The Charter School Incubator Initiative, or CSI, is dedicated to supporting the establishment of new charter schools in the District of Columbia. In pursuit of this mission, CSI provides these start-up institutions with temporary, or "incubator," facilities. This initiative achieves this objective by leasing underutilized school facilities, primarily from the District of Columbia government, and then subleasing these spaces to the new charter schools at reduced rental rates. In addition to facilitating the lease agreements, CSI offers property management services, including maintenance, cleaning, and repairs, to ensure the smooth running of the incubator facilities. Furthermore, CSI invests in renovating and modernizing these facilities, primarily through short-term debt financing, spanning a period of one to five years.
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Impact
October, 2024
The Charter School Incubator Initiative significantly impacts the landscape of education in the District of Columbia by providing essential support for start-up charter schools. By leasing unused school facilities from the district and subleasing them at below-market rates, the initiative creates affordable options for new schools that may otherwise struggle to find suitable locations. This accessibility allows innovative educational models to flourish, fostering diverse learning environments.
Additionally, the initiative enhances the quality of these facilities through property management services, which include maintenance, cleaning, and repairs. The strategic renovation and modernization of these spaces ensure that schools can offer safe, functional, and welcoming environments for students and staff. Ultimately, the Charter School Incubator Initiative plays a crucial role in promoting educational equity by enabling new charter schools to establish roots in communities that benefit from diverse educational choices.
This information is meant to be a general summary of Charter School Incubator Initiative. 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 2023.
- Investment Income: $5,167,869
- Program Service Revenue: $5,206,284
- Gross Receipts: $10,504,064
Assets and Liabilities:
- Total Assets: $22,749,448
- Total Liabilities: $13,048,549
- Net Assets: $9,700,899
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE REVENUE
Revenue
$5,178,684
MANAGEMENT FEES
Revenue
$27,600
Organization Details
Founding Year
2005
Phone
(202) 251-5210Principal Officer
Ornella Napolitano
Main Address
1776 I STREET NW 200, WASHINGTON, DC, 20006
Website
www.bpathways.orgNTEE Category
Code: B19 - Education
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