Overview
What is Hovnanian School Inc?
Hovnanian School Inc is a nonprofit institution situated in New Milford, New Jersey, with an address at 817 River Road. The school serves approximately 131 students, providing a regular public school curriculum alongside Armenian language and history classes. The primary mission of Hovnanian School Inc is to educate enrolled students and enrich their knowledge with the Armenian culture and history. With a dedicated staff of 62 employees, the school seeks to foster a learning environment that celebrates and preserves the Armenian heritage.
Official website here: www.hovnanianschools.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)**
Hovnanian School Inc has achieved an 88% rating on Charity Navigator, primarily reflecting strong performance in Accountability & Finance. The organization boasts a fully independent board, high financial oversight, and a good program expense ratio, indicating effective allocation of resources towards its mission. However, it has noted significant shortcomings in governance, specifically the absence of a whistleblower policy and document retention guidelines, which might raise concerns regarding transparency.
The charity's robust financials are highlighted by a low liabilities to assets ratio, suggesting fiscal health and sustainability. Despite the overall positive financial assessment, Hovnanian School Inc currently lacks evaluations in the Impact & Measurement, Culture & Community, and Leadership & Adaptability categories, which limits a comprehensive understanding of its overall effectiveness and operational practices.
User reviews from GreatNonprofits are not available for this organization, so no additional public sentiment can be captured from that source. Overall, while Hovnanian School Inc demonstrates strong fiscal responsibility, it would benefit from enhancing its governance policies to align with best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Hovnanian School Inc legitimate?
Hovnanian School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hovnanian School 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: $86,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,879,619
For more financial information, click here
Official website here: www.hovnanianschools.org
What is the mission statement of Hovnanian School Inc?
Hovnanian School Inc's mission is centered around providing educational instruction to its enrolled students while enriching their knowledge with the Armenian culture and history. The school aims to incorporate the regular public school curriculum alongside additional classes in Armenian language and history. The institution serves approximately 131 students, enabling them to gain a comprehensive understanding of their cultural heritage. This educational approach fosters a deep appreciation for their cultural identity, preparing them for a well-rounded future.
Official website here: www.hovnanianschools.org
Who is the CEO of Hovnanian School Inc?
Hilda Baronian is the Chairman of Hovnanian School Inc.
Official website here: www.hovnanianschools.org
What is the revenue of Hovnanian School Inc?
Hovnanian School Inc's revenue in 2022 was $10,280,451.
Official website here: www.hovnanianschools.org
Who are the executives of Hovnanian School Inc and what are their salaries?
The average compensation at Hovnanian School Inc during 2022 was $31,718. There are 62 employees at Hovnanian School Inc.
Here are 9 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $82,375
- Related: $0
- Other: $0
Official website here: www.hovnanianschools.org
Where can I find the form 990 for Hovnanian School Inc?
Hovnanian School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hovnanianschools.org
Learn more at the official website: www.hovnanianschools.org
Mission Statement of Hovnanian School Inc
Hovnanian School Inc, a nonprofit entity, is dedicated to providing instruction to its enrolled students and enriching their understanding of the Armenian culture and history. Its mission is multifaceted, primarily involving the delivery of daytime education to approximately 131 students. This education goes beyond the regular public school curriculum, incorporating additional classes focused on the Armenian language and history. By doing so, Hovnanian School Inc aims to foster a deep-rooted connection with the Armenian heritage within its student body.
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
Hovnanian School Inc significantly enriches the educational landscape for its students by providing comprehensive instruction that integrates a robust regular public school curriculum with specialized classes in Armenian language and history. With approximately 131 students enrolled, the school focuses on promoting Armenian culture and heritage while ensuring academic excellence. This dual approach not only equips students with essential knowledge and skills but also fosters a strong sense of cultural identity and pride among them. The instruction they receive helps to preserve and promote the Armenian culture, allowing students to connect with their heritage in a meaningful way while preparing them for future academic and life endeavors.
This information is meant to be a general summary of Hovnanian School 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: $67,759
- Program Service Revenue: $2,174,220
- Gross Receipts: $11,431,537
Assets and Liabilities:
- Total Assets: $10,637,594
- Total Liabilities: $1,863,997
- Net Assets: $8,773,597
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.
TUITION /REGISTRATION
Revenue
$1,628,196
PROGRAM OTHER
Revenue
$546,024
Organization Details
Founding Year
1976
Phone
(201) 967-5940Principal Officer
Hilda Baronian
Main Address
817 RIVER ROAD, NEW MILFORD, NJ, 07646
Website
www.hovnanianschools.orgNTEE Category
Code: B24Z - Education
If you are a representative of Hovnanian School 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.