Overview
What is The Paterson Education Foundation Inc?
The Paterson Education Foundation Inc, recognized as Paterson Education Fund (PEF), is a not-for-profit organization located in Paterson, New Jersey. With a workforce of 42 individuals, their primary mission is to stimulate community action for educational change in the Paterson Public School System, ensuring all children reach high standards. PEF's activities involve building civic capacity, educating community leaders, and fostering participation in decision-making processes concerning education. One of PEF's initiatives is operating 21st Century Community Learning Centers (21st CCLC) in two schools, providing after-school and summer tutoring, academic enrichment, and social and emotional well-being opportunities. These programs support academic enrichment activities, drug and violence prevention programs, career and technical programs, counseling programs, art, music programs, STEM programs, and physical activity and nutrition education programs. They began in October 2020 and currently serve 151 students in grades 3 through 8. With a STEAM-based approach using inquiry-based learning, these programs fully engage students in their growth and development.
Official website here: www.paterson-education.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Paterson Education Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The overall score, based solely on its accountability and finance metrics, highlights the organization's effectiveness in managing funds and resources responsibly.
Key strengths include a fully independent board of directors and robust financial oversight mechanisms, which are indicative of a well-governed nonprofit. The foundation has demonstrated strong performance in areas such as transparency, conflict of interest policies, and financial health, with a low liabilities to assets ratio and a high program expense ratio, ensuring that a significant portion of funds directly supports its mission.
While the organization shines in its governance and financial stewardship, there are no specific limitations noted in the available data. Overall, The Paterson Education Foundation Inc exemplifies a solid, well-managed nonprofit dedicated to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Paterson Education Foundation Inc legitimate?
The Paterson Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Paterson Education Foundation 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: $87,365
Professional Fundraising Fees: $0
Other Salaries and Wages: $481,699
For more financial information, click here
Official website here: www.paterson-education.org
What is the mission statement of The Paterson Education Foundation Inc?
The Paterson Education Foundation, a not-for-profit organization, is committed to stimulating community action for educational change. Its mission is to ensure that all children in the Paterson Public School System achieve high standards. To accomplish this, the foundation aims to build community civic capacity to support, monitor, and advocate for education reform. It educates and empowers community leaders to understand and act upon changing educational needs. The foundation also provides a platform for the community to effectively participate in decision-making processes concerning education. Established in 1983, the Paterson Education Foundation nurtures a constituency for systematic school reform by educating the community on the importance of high standards and expectations in providing quality education for all children. It facilitates relationships between the Paterson School District and private sector entities interested in public education in Paterson.
Official website here: www.paterson-education.org
Who is the CEO of The Paterson Education Foundation Inc?
Rosemarie Grant is the Chair of The Paterson Education Foundation Inc.
Official website here: www.paterson-education.org
What is the revenue of The Paterson Education Foundation Inc?
The Paterson Education Foundation Inc's revenue in 2022 was $958,241.
Official website here: www.paterson-education.org
Who are the executives of The Paterson Education Foundation Inc and what are their salaries?
The average compensation at The Paterson Education Foundation Inc during 2022 was $13,549. There are 42 employees and 20 volunteers at The Paterson Education Foundation Inc.
Here are 9 key members and their salaries:
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- Compensation: $79,016
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- Other: $8,349
Official website here: www.paterson-education.org
Where can I find the form 990 for The Paterson Education Foundation Inc?
The Paterson Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paterson-education.org
Learn more at the official website: www.paterson-education.org
Mission Statement of The Paterson Education Foundation Inc
The Paterson Education Foundation, shortened as PEF, is a not-for-profit organization with a mission to stimulate community action for change in the Paterson Public School System. Their goal is to ensure that all children in Paterson achieve high standards. To accomplish this, PEF has set three objectives:
1. Building the community's civic capacity to support, monitor, and advocate for education reform.
2. Educating and empowering community leadership to understand and act upon changing education needs.
3. Providing a platform for the community to effectively participate in decision-making processes concerning education.
Established in 1983, PEF's activities aim to build and nourish a constituency for systematic school reform by educating the community on the importance of high standards and expectations in providing quality education for all children. PEF also works to convene and broker relationships between the Paterson School District and private sector entities interested in public education in Paterson.
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Impact
October, 2024
The Paterson Education Foundation Inc significantly enhances educational opportunities in the Paterson public school system through targeted programs aimed at improving student learning and well-being. One of its key initiatives, the Nita M. Lowey 21st Century Community Learning Centers (21st CCLC), operates in two local schools, providing afterschool and summer tutoring for students in grades 3 through 8. This program emphasizes STEAM education and inquiry-based learning, engaging students in their own academic journey.
Since its inception in October 2020, the program has successfully served 151 students, offering a wide range of support services that go beyond traditional academics. These include academic enrichment activities that align with state and local achievement standards, as well as additional resources like drug and violence prevention programs, career and technical education, counseling, and various arts and physical activity classes. Furthermore, the foundation extends literacy and educational development services to families, fostering a supportive learning environment not just for students but also for their households.
Through these efforts, the foundation aims to build community capacity for educational reform, ensuring that all children in Paterson achieve high standards. By raising awareness of educational needs and promoting civic engagement, The Paterson Education Foundation Inc plays a crucial role in fostering a collaborative approach to improving education and empowering local communities.
This information is meant to be a general summary of The Paterson Education Foundation 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: $257
- Gross Receipts: $962,767
Assets and Liabilities:
- Total Assets: $172,561
- Total Liabilities: $0
- Net Assets: $172,561
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Organization Details
Founding Year
1983
Phone
(973) 881-8914Principal Officer
Rosemarie Grant
Main Address
422 BROADWAY, PATERSON, NJ, 07501
Website
www.paterson-education.orgIf you are a representative of The Paterson Education Foundation 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.