Overview
What is The Foundation For Rhode Island Day Schools?
The Foundation for Rhode Island Day Schools is a nonprofit organization situated in Providence, Rhode Island. Their primary mission is to promote education by granting scholarships to financially disadvantaged students who attend Jewish Day Schools within the state. In addition to scholarship programs, they also engage in lobbying-related activities to further support their cause. The foundation aims to assist families with an annual household income not exceeding 250% of the federal poverty guidelines, ensuring that deserving students have access to quality education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Foundation For Rhode Island Day Schools has received a Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating indicates a solid level of accountability and financial health, with particularly high marks for its independent board composition and lack of material asset diversion. The organization boasts 100% independent board members and has established effective policies for conflict of interest, whistleblowing, and document retention.
Strengths highlighted in the evaluation include the high ratio of program expenses, which stands at 100%, signifying that all funds are directly supporting the mission. Additionally, the organization has a favorable liabilities to assets ratio of 6.00%, suggesting a stable financial position. The thoroughness of governance practices, including documented board meeting minutes, also contributes positively to its accountability score.
While the overall rating is commendable, potential donors and stakeholders may want to consider how the organization can further improve its transparency and operational effectiveness. Nonetheless, the current governance structure and financial management practices demonstrate a commitment to good stewardship and responsible use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation For Rhode Island Day Schools legitimate?
The Foundation For Rhode Island Day Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Rhode Island Day Schools 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.
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What is the mission statement of The Foundation For Rhode Island Day Schools?
The Foundation for Rhode Island Day Schools' mission is centered around promoting education by providing scholarships to financially disadvantaged students. These students are enrolled in Jewish Day Schools located within Rhode Island. In addition to scholarship awards, the organization also engages in lobbying expenses to further support educational causes.
Who is the CEO of The Foundation For Rhode Island Day Schools?
Linn Freedman is the President of The Foundation For Rhode Island Day Schools.
What is the revenue of The Foundation For Rhode Island Day Schools?
The Foundation For Rhode Island Day Schools's revenue in 2022 was $580,074.
Who are the executives of The Foundation For Rhode Island Day Schools and what are their salaries?
There 8 volunteers at The Foundation For Rhode Island Day Schools.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Foundation For Rhode Island Day Schools?
The Foundation For Rhode Island Day Schools's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foundation For Rhode Island Day Schools
The Foundation for Rhode Island Day Schools, a nonprofit organization, is dedicated to furthering education by granting scholarships to deserving students. These students hail from families whose annual household income does not surpass 250% of the federal poverty guidelines. By doing so, the foundation extends an opportunity for these students to attend Jewish Day Schools within Rhode Island. In addition to providing financial aid, the foundation also engages in lobbying expenses, advocating for educational policies and resources that could benefit the Jewish Day Schools and their students.
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Impact
July, 2024
The Foundation For Rhode Island Day Schools provides scholarships to students attending Jewish Day Schools in Rhode Island who come from households with annual incomes within a certain range. Their impact includes providing financial support to students in need, ensuring access to quality education for those who may not have been able to afford it otherwise. This opportunity can have a transformative effect on the lives of these students, empowering them to pursue their educational goals and contribute positively to society.
This information is meant to be a general summary of The Foundation For Rhode Island Day Schools. 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.
- Gross Receipts: $580,074
Assets and Liabilities:
- Total Assets: $49,867
- Total Liabilities: $7,205
- Net Assets: $42,662
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Organization Details
Founding Year
2006
Phone
(401) 421-4111Principal Officer
Linn Freedman
Main Address
130 SESSIONS STREET, PROVIDENCE, RI, 02906
NTEE Category
Code: B82 - Education
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