Overview
What is New Jersey Public Charter Schools Association A Nj Non Profit Corporation?
New Jersey Public Charter Schools Association A NJ Non Profit Corporation is a dedicated nonprofit organization situated in Hamilton, New Jersey. With a team of five employees, their primary mission is to promote educational choice for New Jersey's children by fostering high-quality public charter schools across the state. In September 2020, they were granted $63.2 million from the US Department of Education's Charter School Program (CSP). This grant serves as a catalyst for their competitive subgrant program, which is available to operators of new, expanding, and replicating schools. By acting as a pass-through entity, they aim to amplify the variety of public charter school options in New Jersey.
Official website here: www.njcharters.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
The New Jersey Public Charter Schools Association has achieved a solid Three-Star rating, reflecting an overall score of 81%. This score, derived entirely from the Accountability & Finance beacon, indicates that the organization demonstrates good financial practices and accountability standards. The strong performance in this area suggests effective management and transparency, essential factors for donor confidence.
Strengths of the organization include a high percentage of independent board members, at 91%, and a well-structured governance framework. The organization has received full marks in various aspects of fiscal oversight, including its audit and oversight committee, conflict of interest policy, and whistleblower policy. Additionally, a significant program expense ratio of 97.49% shows that the majority of its funds are directed toward its mission-related activities.
Limitations are not explicitly mentioned, but the reliance on a single beacon score could imply that other facets of its operations may not be evaluated as thoroughly. While the organization shows strong accountability and financial integrity, further details on program impact and effectiveness could provide a more comprehensive understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is New Jersey Public Charter Schools Association A Nj Non Profit Corporation legitimate?
New Jersey Public Charter Schools Association A Nj Non Profit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Jersey Public Charter Schools Association A Nj Non Profit Corporation 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: $232,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,019
For more financial information, click here
Official website here: www.njcharters.org
What is the mission statement of New Jersey Public Charter Schools Association A Nj Non Profit Corporation?
The New Jersey Public Charter Schools Association, as a non-profit organization, is committed to expanding educational choices for children in New Jersey. They aim to achieve this by promoting the growth of high-quality public charter schools across the state. To accomplish this mission, they were awarded a substantial grant from the US Department of Education in September 2020. This grant, worth $63.2 million, allows the association to administer a competitive subgrant program, making funds available for new, expanding, and replicating schools. The association serves as a pass-through entity, channeling federal funds to eligible school operators to catalyze the development of top-tier public charter school options.
Official website here: www.njcharters.org
Who is the CEO of New Jersey Public Charter Schools Association A Nj Non Profit Corporation?
Harry Lee is the Board President of New Jersey Public Charter Schools Association A Nj Non Profit Corporation. The CEO's salary of New Jersey Public Charter Schools Association A Nj Non Profit Corporation is $189,157 and their total compensation is $222,304.
Official website here: www.njcharters.org
What is the revenue of New Jersey Public Charter Schools Association A Nj Non Profit Corporation?
New Jersey Public Charter Schools Association A Nj Non Profit Corporation's revenue in 2022 was $10,181,414.
Official website here: www.njcharters.org
Who are the executives of New Jersey Public Charter Schools Association A Nj Non Profit Corporation and what are their salaries?
The average compensation at New Jersey Public Charter Schools Association A Nj Non Profit Corporation during 2022 was $98,018. There are 5 employees and 12 volunteers at New Jersey Public Charter Schools Association A Nj Non Profit Corporation.
Here are 14 key members and their salaries (New Jersey Public Charter Schools Association A Nj Non Profit Corporation's CEO's salary is $189,157 and their total compensation is $222,304):
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- Compensation: $189,157
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- Other: $33,147
- Compensation: $106,297
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- Other: $21,478
Official website here: www.njcharters.org
Where can I find the form 990 for New Jersey Public Charter Schools Association A Nj Non Profit Corporation?
New Jersey Public Charter Schools Association A Nj Non Profit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.njcharters.org
Learn more at the official website: www.njcharters.org
Mission Statement of New Jersey Public Charter Schools Association A Nj Non Profit Corporation
The New Jersey Public Charter Schools Association, a non-profit corporation, is committed to promoting educational choice for the children of New Jersey. Their mission, as stated, revolves around fostering the growth of high-quality public charter schools across the state. In essence, they aim to expand the range of educational options available to New Jersey's children, ensuring that they have access to top-tier public charter schools.
To execute this mission, the New Jersey Public Charter Schools Association serves as a conduit, distributing a substantial $63.2 million Charter School Program (CSP) grant it received from the US Department of Education. This grant funds a competitive subgrant program, making it possible for operators of new, expanding, and replicating schools to apply for funds. By doing so, the Association is actively catalyzing the growth and improvement of public charter schools in New Jersey, thereby enhancing educational opportunities for its children.
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Impact
October, 2024
The New Jersey Public Charter Schools Association (NJPCSA) significantly enhances educational choice for children in New Jersey by promoting the development and growth of quality public charter schools. With a focus on advancing educational options, NJPCSA addresses the diverse needs of students and families throughout the state.
The impactful $63.2 million Charter School Program (CSP) grant from the U.S. Department of Education allows NJPCSA to catalyze the establishment of high-quality public charter schools. By acting as a pass-through entity for these federal funds, NJPCSA facilitates a competitive subgrant program that supports the operators of new, expanding, and replicating schools. This financial support empowers educational leaders to innovate and improve the educational landscape for students, ultimately fostering a more robust and diverse system of schooling.
By prioritizing quality and choice, NJPCSA plays a crucial role in shaping a more equitable educational environment, ensuring that families have the opportunity to select the best educational paths for their children. The association's commitment to empowering learners will continue to have a lasting impact on the educational outcomes and experiences of students across New Jersey.
This information is meant to be a general summary of New Jersey Public Charter Schools Association A Nj Non Profit Corporation. 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: $314
- Program Service Revenue: $943,115
- Gross Receipts: $10,181,414
Assets and Liabilities:
- Total Assets: $3,579,653
- Total Liabilities: $2,459,603
- Net Assets: $1,120,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$836,248
PROGRAM REVENUE
Revenue
$106,867
Organization Details
Founding Year
1999
Phone
(609) 283-2345Principal Officer
Harry Lee
Main Address
100 HORIZON CENTER BLVD, HAMILTON, NJ, 08691
Website
www.njcharters.orgNTEE Category
Code: B052 - Education
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