Overview
What is Mastery Charter Schools Foundation?
Mastery Charter Schools Foundation is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary mission is to foster educational reform by financially supporting the academic and operational programs of the Mastery Charter Schools network. This support extends to various aspects, ensuring the continued success and growth of these schools. By providing financial backing, the foundation plays a crucial role in the development and improvement of education within its community.
Official website here: www.masterycharter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Mastery Charter Schools Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's overall score is derived from its Accountability & Finance metrics, where it achieved a strong score of 85%. Notably, it boasts 100% independent board members and an excellent financial oversight structure, which reflects positively on its governance practices.
While the organization demonstrates several strengths, there are some areas for improvement. It has received full marks for its material diversion of assets and program expense ratio, signifying efficient use of funds toward its mission. However, the absence of a whistleblower policy and a document retention and destruction policy, along with missing tax form postings on its website, indicate potential gaps in transparency and operational practices.
Overall, Mastery Charter Schools Foundation showcases a commitment to responsible management of resources, yet it should address the noted deficiencies in its policies to enhance its accountability further. Maintaining high standards in governance will likely support its mission effectiveness and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mastery Charter Schools Foundation legitimate?
Mastery Charter Schools Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mastery Charter Schools Foundation 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:
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Official website here: www.masterycharter.org
What is the mission statement of Mastery Charter Schools Foundation?
The Mastery Charter Schools Foundation's primary mission is to provide financial support for the Mastery Network of charter schools. This organization plays a crucial role in driving educational reform by providing both academic and operational funding to the Mastery Charter Schools. By doing so, the Foundation aims to contribute to the overall development and success of these educational institutions. The goal is to ensure that the Mastery Charter Schools can deliver high-quality education and create an enabling environment for students to thrive.
Official website here: www.masterycharter.org
Who is the CEO of Mastery Charter Schools Foundation?
Stephen Cohn is the Board Member of Mastery Charter Schools Foundation.
Official website here: www.masterycharter.org
What is the revenue of Mastery Charter Schools Foundation?
Mastery Charter Schools Foundation's revenue in 2022 was $9,942,380.
Official website here: www.masterycharter.org
Who are the executives of Mastery Charter Schools Foundation and what are their salaries?
There 6 volunteers at Mastery Charter Schools Foundation.
Here are 7 key members and their salaries:
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Official website here: www.masterycharter.org
Where can I find the form 990 for Mastery Charter Schools Foundation?
Mastery Charter Schools Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.masterycharter.org
Learn more at the official website: www.masterycharter.org
Mission Statement of Mastery Charter Schools Foundation
Mastery Charter Schools Foundation is committed to advancing educational reform by offering financial support to the Mastery Network of Charter Schools. This organization's mission is to bolster the academic and operational programs within the Mastery Charter Schools network. By providing this financial backing, Mastery Charter Schools Foundation aims to contribute to the betterment of the education system, ultimately driving positive change in the learning environment.
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Impact
October, 2024
Mastery Charter Schools Foundation significantly contributes to educational reform by providing vital financial support to the Mastery Network of charter schools. By enhancing academic and operational programs, it helps improve educational outcomes for students in Philadelphia. The foundation's efforts empower schools to implement innovative teaching methods and resources, fostering an enriched learning environment. This direct investment in education not only elevates individual student achievement but also strengthens the overall community, creating a positive ripple effect throughout the region.
This information is meant to be a general summary of Mastery Charter Schools Foundation. 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: $6,041,232
- Gross Receipts: $11,148,224
Assets and Liabilities:
- Total Assets: $110,945,327
- Total Liabilities: $62,344,675
- Net Assets: $48,600,652
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Organization Details
Founding Year
2006
Phone
(215) 922-1902Principal Officer
Stephen Cohn
Main Address
5700 WAYNE AVENUE, PHILADELPHIA, PA, 19144
Website
www.masterycharter.orgNTEE Category
Code: B12 - Education
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