Overview
What is Friends Of Teaneck Community Charter School Inc?
Friends of Teaneck Community Charter School Inc is a nonprofit organization situated at 563 Chestnut Avenue, Teaneck, New Jersey. Their primary mission involves raising funds and managing the building that houses the Teaneck Community Charter School. The organization's activities are geared towards supporting the school's educational needs and ensuring its smooth operation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Friends Of Teaneck Community Charter School Inc has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement despite some strong points. The organization has a high program expense ratio of 98.08%, demonstrating a commitment to directing funds toward its programs rather than administrative costs.
The board of directors is entirely independent, which reflects well on the governance structure of the organization. Additionally, the financial oversight mechanisms, such as the audit and oversight committee, have been rated positively, indicating a robust approach to financial management and accountability.
However, the organization faces challenges with its liabilities to assets ratio, which stands at 113.36%, signaling potential financial instability. This aspect raises concerns about the organization's overall financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Teaneck Community Charter School Inc legitimate?
Friends Of Teaneck Community Charter School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Teaneck Community Charter 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.
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What is the mission statement of Friends Of Teaneck Community Charter School Inc?
The mission of Friends Of Teaneck Community Charter School Inc is primarily focused on supporting and sustaining the Teaneck Community Charter School. Their main objectives include raising funds and assuming the responsibility of owning and managing the building where the school operates. This endeavor allows them to contribute to the educational needs of the school, ensuring its continued operation and success.
Who is the CEO of Friends Of Teaneck Community Charter School Inc?
Kevin Turner is the President of Friends Of Teaneck Community Charter School Inc.
What is the revenue of Friends Of Teaneck Community Charter School Inc?
Friends Of Teaneck Community Charter School Inc's revenue in 2022 was $849,654.
Who are the executives of Friends Of Teaneck Community Charter School Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Friends Of Teaneck Community Charter School Inc?
Friends Of Teaneck Community Charter School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Teaneck Community Charter School Inc
Friends of Teaneck Community Charter School Inc is a nonprofit organization with a mission to support the Teaneck Community Charter School. Specifically, their goal is to raise funds and assume ownership and operation of the building where the school operates. This involvement allows the organization to manage the expenses associated with the school's building, ensuring its continued operation and success.
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Impact
October, 2024
Friends Of Teaneck Community Charter School Inc. plays a vital role in supporting the educational environment at the Teaneck Community Charter School by raising essential funds and managing the building where the school operates. This financial backing ensures that the school can maintain its facilities, enhancing the learning experience for students. Through dedicated fundraising efforts, the organization helps to provide resources that might otherwise be unavailable, contributing to the overall quality of education in the community. By owning and operating the school building, they facilitate a stable and focused environment for learning and development, which is crucial for the success of both students and educators in Teaneck, NJ.
This information is meant to be a general summary of Friends Of Teaneck Community Charter 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: $433
- Gross Receipts: $849,654
Assets and Liabilities:
- Total Assets: $11,480,090
- Total Liabilities: $12,883,103
- Net Assets: -$1,403,013
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Organization Details
Founding Year
1998
Phone
(201) 906-0729Principal Officer
Kevin Turner
Main Address
563 CHESTNUT AVENUE, TEANECK, NJ, 076663603
NTEE Category
Code: B12 - Education
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