Overview
What is Alice King Community School Foundation?
The Alice King Community School Foundation is a nonprofit organization established to support the Alice King Community School in Albuquerque, New Mexico. The foundation's primary role is to provide financial aid and resources for enhancing the educational experience of students. By funding programming, facility enhancements, and supplemental resources, the foundation aims to strengthen the school's educational curriculum and promote a structured learning environment based on discipline and mutual respect. Additionally, the foundation seeks to enrich the community surrounding the school and offer opportunities that contribute to an improved quality of life. The foundation achieves this by issuing bonds and utilizing the proceeds for the acquisition, renovation, and improvement of the school facility. The foundation's sole mission is to maintain the debt service on the school's building and raise funds in support of its educational endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement, Overall Score: 69%
The Alice King Community School Foundation has received a two-star rating from Charity Navigator, indicating a "Needs Improvement" status. The overall score of 69% reflects strong performance in areas such as accountability and finance, where the organization boasts a perfect score for independent board members and a high program expense ratio. These strengths suggest a commitment to maintaining an effective governance structure and focusing resources on its programs.
However, there are notable limitations that affect the rating. The foundation is missing several important policies, including a conflict of interest and whistleblower policy, as well as document retention protocols. Additionally, the liabilities to assets ratio is concerning at 102.83%, which raises questions about financial sustainability and risk management.
Despite these weaknesses, the foundation demonstrates a high program expense ratio, indicating that it allocates a significant portion of its budget directly to its programs. However, improvements in governance policies and financial stability will be essential for enhancing its overall impact and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Alice King Community School Foundation legitimate?
Alice King Community School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alice King Community School 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Alice King Community School Foundation?
The Alice King Community School Foundation was established with the goal of providing funding and various forms of support to Alice King Community School. Its mission is to create an educational environment where students can thrive academically and socially. This is achieved through a structured curriculum, discipline, and mutual respect. The foundation's primary focus is to support the educational pursuits of students by funding programs, enhancing facilities, and providing supplemental resources. Recognizing the benefits of community involvement, the foundation also aims to enrich the quality of life in the surrounding region by providing opportunities for community enrichment.
Who is the CEO of Alice King Community School Foundation?
Benjamin Martinez Cpa is the President of Alice King Community School Foundation.
What is the revenue of Alice King Community School Foundation?
Alice King Community School Foundation's revenue in 2022 was $696,454.
Who are the executives of Alice King Community School Foundation and what are their salaries?
There 7 volunteers at Alice King Community School Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Alice King Community School Foundation?
Alice King Community School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alice King Community School Foundation
The Alice King Community School Foundation was established with the mission to provide financial and other forms of support to Alice King Community School. This mission is geared towards providing a school environment where students can thrive academically and socially, fostered by a strong educational program based on a structured curriculum, discipline, and mutual respect. The foundation's primary focus is to support the educational pursuits of students by funding various programming, facility enhancements, and supplemental facility resources. Recognizing the benefits that Alice King Community School and its families derive from community involvement, the foundation also seeks to offer opportunities to enrich the quality of life in the surrounding region.
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Impact
July, 2024
Alice King Community School Foundation's impact lies in providing essential funding and support to the Alice King Community School. By focusing on supporting the educational pursuits of students through funding for programming, facility enhancements, and supplemental resources, the Foundation plays a crucial role in ensuring that students have access to a high-quality educational experience. Additionally, by maintaining the debt service on the school's building and raising funds in support of the school, the Foundation contributes to the school's overall financial sustainability. Through its efforts, the Foundation plays a vital role in creating a conducive learning environment where students can thrive academically and socially.
This information is meant to be a general summary of Alice King Community School 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: $151
- Program Service Revenue: $689,092
- Gross Receipts: $696,454
Assets and Liabilities:
- Total Assets: $12,600,111
- Total Liabilities: $13,102,640
- Net Assets: -$502,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENT REVENUE
Revenue
$689,092
Organization Details
Founding Year
2008
Phone
(505) 975-4727Principal Officer
Benjamin Martinez Cpa
Main Address
8009 MOUNTAIN RD PL NE, ALBUQUERQUE, NM, 87110
NTEE Category
Code: B112 - Education
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