Overview
What is Aj Fletcher Foundation?
The A.J. Fletcher Foundation is a supporting organization based in Raleigh, North Carolina, at 909 Glenwood Avenue, with around 4 employees. The foundation's primary mission is to benefit the Fletcher Academy School of Achievement, Inc., a non-profit, co-educational day school serving approximately 200 students in grades 1-12 with learning disabilities and attention deficit disorders. The Academy aims to help these special students master essential academic and social skills while fostering a positive sense of responsibility for learning. Accredited by the Southern Association of Independent Schools and the Southern Association of Colleges and Schools, the foundation also extends its support to other charitable organizations in North Carolina or serving North Carolina residents, focusing on the care or support of the elderly, infirm, or indigent, education, artistic endeavors, communication arts, public recreation, or religious faith.
Official website here: www.ajf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: Zero-Star out of Four Stars (41%)
The Aj Fletcher Foundation has earned a Zero-Star rating with an overall score of 41%, primarily based on its Accountability & Finance metrics. While the organization shows some strengths, such as having a majority of independent board members and maintaining essential governance policies, its financial oversight appears to be lacking, as evidenced by a low score in financial statement reviews and a concerning program expense ratio.
Despite having strong governance practices, including a whistleblower policy and documented board meeting minutes, the foundation's financial management raises significant concerns. The absence of a posted tax form on its website and a low liabilities to assets ratio further contribute to the foundation’s low accountability score. This indicates potential issues in transparency and financial health that could affect donor trust.
Overall, while the Aj Fletcher Foundation has some positive governance features, its financial weaknesses overshadow these strengths, resulting in a low rating from Charity Navigator. Prospective donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Aj Fletcher Foundation legitimate?
Aj Fletcher Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aj Fletcher Foundation 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: $220,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,609
For more financial information, click here
Official website here: www.ajf.org
What is the mission statement of Aj Fletcher Foundation?
The Aj Fletcher Foundation operates with the exclusive benefit of the Fletcher Academy and the School of Achievement, as well as a designated class of other charitable organizations. Its mission extends to furthering a purpose of the Fletcher Academy and supporting public charities, predominantly in North Carolina or serving North Carolina residents. These charities prioritize the care or support of the elderly, infirm, or indigent, as well as the promotion of education, artistic endeavors, communication arts, public recreation, or religious faith through grants provided by the foundation.
Official website here: www.ajf.org
Who is the CEO of Aj Fletcher Foundation?
Daniel P Mcgrath is the Chairman Of The Board of Aj Fletcher Foundation.
Official website here: www.ajf.org
What is the revenue of Aj Fletcher Foundation?
Aj Fletcher Foundation's revenue in 2022 was $103,189,395.
Official website here: www.ajf.org
Who are the executives of Aj Fletcher Foundation and what are their salaries?
The average compensation at Aj Fletcher Foundation during 2022 was $103,434. There are 4 employees at Aj Fletcher Foundation.
Here are 10 key members and their salaries:
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- Compensation: $188,831
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- Other: $31,296
Official website here: www.ajf.org
Where can I find the form 990 for Aj Fletcher Foundation?
Aj Fletcher Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ajf.org
Learn more at the official website: www.ajf.org
Mission Statement of Aj Fletcher Foundation
The Aj Fletcher Foundation is a charitable organization with a mission to support causes that benefit the elderly, infirm, or indigent, as well as initiatives promoting education, artistic endeavors, communication arts, public recreation, and religious faith. Established for the exclusive benefit of the Fletcher Academy and other designated charities, the Foundation extends its reach and resources to public charities primarily located in North Carolina or serving North Carolina residents. In line with these objectives, the Aj Fletcher Foundation grants funds to organizations that align with its purpose, aiming to make a positive impact on the lives of those in need. Through its financial contributions, the Foundation plays a vital role in enhancing the capacity and effectiveness of various charitable initiatives, ultimately bringing about meaningful change in the communities it serves.
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Impact
October, 2024
The Aj Fletcher Foundation significantly impacts education and community support in North Carolina through its dedicated efforts to enhance the lives of students with learning disabilities and attention deficit disorders. By operating as a supporting organization for the Fletcher Academy School of Achievement, the foundation serves approximately 200 students in grades 1-12, focusing on mastering essential academic and social skills. This approach not only promotes educational success but also fosters a strong sense of responsibility in students for their own learning.
The accredited Fletcher Academy creates an environment tailored to the unique needs of these learners, enabling them to thrive in a structured and supportive setting. Beyond education, the foundation extends its impact by granting support to other charitable organizations that cater to vulnerable populations, including the elderly, infirm, or indigent residents of North Carolina. Furthermore, the foundation's commitment to promoting education, the arts, and public recreation enriches the overall cultural landscape of the community.
In essence, the Aj Fletcher Foundation champions both academic achievement and community welfare, reinforcing its vital role in nurturing a more inclusive and supportive environment for all.
This information is meant to be a general summary of Aj Fletcher Foundation. 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: $103,189,395
- Gross Receipts: $171,292,188
Assets and Liabilities:
- Total Assets: $240,226,445
- Total Liabilities: $59,115
- Net Assets: $240,167,330
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Organization Details
Founding Year
1975
Phone
(919) 322-2580Principal Officer
Daniel P Mcgrath
Main Address
909 GLENWOOD AVENUE, RALEIGH, NC, 27605
Website
www.ajf.orgNTEE Category
Code: A60 - Arts
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