Overview
What is The Cranbury Education Foundation Inc?
The Cranbury Education Foundation Inc is a nonprofit organization, established in Cranbury, New Jersey. Their primary mission is to raise funds, which are then granted to the local Cranbury Board of Education to fulfill the specific equipment requirements of the schools. By doing so, they aim to support and cater to the interests and needs of the youth residing in Cranbury. Their operations are centered around this objective, contributing positively to the educational sector of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Cranbury Education Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating that it meets certain standards of accountability and finance. The organization achieved a high score in several key areas, including a 100% rating for having an entirely independent board and maintaining no material diversion of assets. This suggests a strong commitment to transparent governance and financial integrity.
The foundation's program expense ratio is commendable at 74.17%, demonstrating that a significant portion of its expenditures goes directly toward its educational programs. Other notable strengths include successfully documenting board meeting minutes and providing accessible tax information on its website, which fosters transparency and trust within the community.
While the organization shows a strong overall performance in governance and financial management, there are no specific limitations noted in the available data. Overall, The Cranbury Education Foundation Inc appears to be a responsible nonprofit that effectively utilizes its resources for educational purposes.
This AI summary has been generated from information found on Charity Navigator.
Is The Cranbury Education Foundation Inc legitimate?
The Cranbury Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cranbury 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Cranbury Education Foundation Inc?
The Cranbury Education Foundation Inc's mission is centered around supporting the interests and needs of the local youth. In pursuit of this objective, they raise funds to provide grants to the local educational board. These grants are specifically intended for purchasing necessary equipment that caters to the unique requirements of the schools. By doing so, the foundation aims to contribute positively to the educational experience of the youth in the community.
What is the revenue of The Cranbury Education Foundation Inc?
The Cranbury Education Foundation Inc's revenue in 2024 was $43,261.
Who are the executives of The Cranbury Education Foundation Inc and what are their salaries?
There 9 volunteers at The Cranbury Education Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Cranbury Education Foundation Inc?
The Cranbury Education Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Cranbury Education Foundation Inc
The Cranbury Education Foundation Inc is a dedicated organization with a mission to support the interests and needs of the youth in its community. Specifically, it aims to achieve this by raising funds for grants that can be allocated to the Cranbury Board of Education. These grants are intended for the purchase of equipment that meets the unique needs of the schools, thereby enhancing the educational experience of the students. By providing this financial support, The Cranbury Education Foundation Inc plays a crucial role in ensuring that the youth of Cranbury have access to the resources they need to thrive academically.
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Impact
August, 2024
The Cranbury Education Foundation Inc has had a considerable impact on the youth of Cranbury by raising funding for grants to the Cranbury Board of Education. This has allowed for the purchase of equipment specifically tailored to the needs of the schools in the area. By supporting the educational interests and needs of the youth in Cranbury, The Cranbury Education Foundation Inc has played a crucial role in enhancing the learning environment and opportunities available to students in the community.
This information is meant to be a general summary of The Cranbury 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 2024.
- Investment Income: $485
- Program Service Revenue: $17,959
- Gross Receipts: $48,037
Assets and Liabilities:
- Total Assets: $99,559
- Total Liabilities: $0
- Net Assets: $99,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEAM CLASSES
Revenue
$17,959
Organization Details
Founding Year
1998
Principal Officer
Panagiota Giannos-Ftikas
NTEE Category
Code: B12 - Education
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