Overview
What is Charter School Financing Partnership Llc?
Charter School Financing Partnership Llc, based in Boston, Massachusetts, is a nonprofit organization committed to enhancing and facilitating the financing of charter schools and related educational activities. Utilizing a blend of grant funds from the U.S. Department of Education and resources from the Walton Family Foundation, CSFP provides credit enhancement, interest-free debt service reserve funding, loans, credit enhancement agreements, and loan guarantees. This innovative approach has enabled CSFP to deploy over $14.5 million in credit enhancement funds, thereby securing over $165 million in financing for schools serving over 6,600 students in under-served communities. CSFP was established as a collaborative effort between the Housing Partnership Network, Inc. and five leading lenders to charter schools, aiming to provide secondary market financing for institutions serving disadvantaged students and communities.
Is Charter School Financing Partnership Llc legitimate?
Charter School Financing Partnership Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charter School Financing Partnership Llc 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 Charter School Financing Partnership Llc?
Charter School Financing Partnership LLC, often referred to as CSFP, is an organization dedicated to encouraging, facilitating, and assisting in the financing of charter schools and related educational activities. This entity was established by The Housing Partnership Network, Inc. and five of its member lenders, who are prominent financiers for charter schools. The main objective of CSFP is to provide a unique platform for accessing secondary market financing for charter schools that serve disadvantaged students and communities. By doing so, CSFP aims to contribute to the growth and success of such educational institutions, ultimately benefiting the students and communities they serve.
Who is the CEO of Charter School Financing Partnership Llc?
Catherine Rodriguez is the Board Manager (Left In 2022) of Charter School Financing Partnership Llc.
What is the revenue of Charter School Financing Partnership Llc?
Charter School Financing Partnership Llc's revenue in 2022 was $357,859.
Who are the executives of Charter School Financing Partnership Llc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Charter School Financing Partnership Llc?
Charter School Financing Partnership Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charter School Financing Partnership Llc
Charter School Financing Partnership, LLC (CSFP) is a unique entity dedicated to encouraging, facilitating, and assisting in the financing of charter schools and related educational activities. This organization was born from a collaboration between The Housing Partnership Network, Inc. and five of its leading lender members who specialize in charter schools. The primary goal of CSFP is to provide secondary market financing for charter schools that serve underprivileged students and communities. By doing so, CSFP aims to contribute to the growth and success of these educational institutions, ultimately benefiting the disadvantaged student population they serve.
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Impact
October, 2024
Charter School Financing Partnership LLC (CSFP) plays a crucial role in enhancing educational opportunities for disadvantaged communities by facilitating and encouraging financing for charter schools. By providing credit enhancement for charter school facilities, CSFP enables access to vital resources that support student education and development.
CSFP achieves its mission through innovative financing solutions, including interest-free debt service reserve funding, loans, credit enhancement agreements, and loan guarantees. This financial support is particularly impactful as it leverages a combination of grant funds from the U.S. Department of Education and investments from organizations like the Walton Family Foundation.
Since its inception, CSFP has deployed over $14.5 million in credit enhancement funds, which has translated into more than $165 million in financing for schools. This funding directly benefits over 6,600 students in underserved communities, improving their access to quality education and fostering an environment where they can thrive academically.
By bridging the financing gap that often exists for charter schools, particularly those serving disadvantaged populations, CSFP contributes to the growth and sustainability of educational institutions that can adapt to the specific needs of their communities. The partnership not only strengthens the financial foundation of these schools but also ensures that the education provided is equitable and accessible to all students.
This information is meant to be a general summary of Charter School Financing Partnership Llc. 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: $2,932
- Program Service Revenue: $214,098
- Gross Receipts: $357,859
Assets and Liabilities:
- Total Assets: $15,261,497
- Total Liabilities: $32,280
- Net Assets: $15,229,217
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLACEMENT AND SERVICE
Revenue
$214,098
Organization Details
Founding Year
2007
Phone
(617) 720-1999Principal Officer
Catherine Rodriguez
Main Address
1 WASHINGTON MALL 12TH FLOOR, BOSTON, MA, 02108
NTEE Category
Code: B12 - Education
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