Overview
What is Bethany Community School Foundation?
Bethany Community School Foundation is a nonprofit organization based in Summerfield, North Carolina, specifically located at 1288 Hudson Road. Its primary mission is to support Bethany Community School, a North Carolina charter school, through various fundraising initiatives and aids in the expansion and improvement of the school's educational functions, which began operations in September 2017. The foundation's primary source of funding comes from fundraising projects, private donations, and lease payments, allowing it to acquire and maintain educational property and other capital assets to support the school's growth and development. The organization's activities extend beyond financial support, contributing to the betterment of the educational community in Summerfield.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that while the Bethany Community School Foundation demonstrates a reasonable level of accountability and financial health, there are several areas needing improvement that impact their overall performance score.
The organization excels in many governance aspects, with a fully independent board and strong oversight mechanisms in place, showing their commitment to ethical management. Additionally, they maintain a high program expense ratio of 96.79%, which suggests that a significant portion of their funds is directed towards their programs rather than administrative costs, indicating effective utilization of resources.
However, the foundation faces notable gaps in their policies and transparency. The absence of a whistleblower policy, document retention protocols, and publicly available tax forms detracts from their accountability. Furthermore, their liabilities to assets ratio raises concerns, suggesting that while they are managing their program expenses well, there may be financial risks that could affect their sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Bethany Community School Foundation legitimate?
Bethany Community School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethany 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 Bethany Community School Foundation?
The Bethany Community School Foundation's primary purpose is to procure and maintain educational property and other significant assets to bolster the Bethany Community School. The organization raises funds through various projects, private donations, and lease payments, which are utilized to expand and enhance the school's facilities and programs. The foundation plays a crucial role in supporting the educational growth and development of the Bethany Community School. Its activities primarily focus on securing the necessary resources to enhance the school's infrastructure and educational programs.
What is the revenue of Bethany Community School Foundation?
Bethany Community School Foundation's revenue in 2023 was $1,532,508.
Who are the executives of Bethany Community School Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Bethany Community School Foundation?
Bethany Community School Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bethany Community School Foundation
The Bethany Community School Foundation's primary mission is geared towards supporting Bethany Community School, a North Carolina charter school, by acquiring and holding education property and other capital assets. This nonprofit organization raises funds through various projects and private donations, and also receives lease payments, all with the aim of facilitating the school's facility and program expansion. By doing so, the Bethany Community School Foundation contributes significantly to the educational functions of the school, ensuring its growth and development.
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Impact
October, 2024
Bethany Community School Foundation plays a pivotal role in enhancing educational opportunities at Bethany Community School, a charter school located in Summerfield, North Carolina. By acquiring and managing educational properties and capital assets, the foundation directly supports the school's growth and operational needs. Through diligent fundraising initiatives, private donations, and lease payments, it ensures the financial resources are available for facility enhancements and program expansions. Since its establishment in September 2017, the foundation has fostered vital improvements in the school's educational functions, significantly impacting the learning environment and overall student experience. Its commitment to resource acquisition empowers the school to better serve its community and adapt to educational demands.
This information is meant to be a general summary of Bethany 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 2023.
- Investment Income: $12,477
- Program Service Revenue: $363,499
- Gross Receipts: $1,532,508
Assets and Liabilities:
- Total Assets: $14,077,674
- Total Liabilities: $9,525,280
- Net Assets: $4,552,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$363,499
Organization Details
Founding Year
2007
Principal Officer
Megan Coleman
NTEE Category
Code: B12 - Education
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