Overview
What is The Seaside School Foundation Inc?
The Seaside School Foundation Inc, based in Santa Rosa Beach, Florida, is a nonprofit organization with a single employee. Its primary mission is to support and enhance the charitable functions of The Seaside School Inc., a high-performing Florida charter school located in Walton County. To achieve this, the foundation provides financial assistance and other aid to the school. In the past, it has funded additional staff for elective classes, math classes, and reduced class sizes. Additionally, it has purchased technology for student and faculty use to enhance the curriculum and learning environment. The foundation's grants have also funded one additional math class and additional staff for elective classes, thereby improving the quality of public education in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
The Seaside School Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and program expenditures. The organization scored 50% overall, with its accountability and finance elements reflecting both strengths and weaknesses. While it boasts a fully independent board and strong audit practices, its program expense ratio is notably low at 19.53%, suggesting that a minimal portion of its funds is being allocated directly to programs.
The foundation's financial management is a point of concern, as evidenced by a liabilities to assets ratio of 17.89%, resulting in a score of zero in that category. This indicates potential financial instability that could impact its long-term sustainability and the effectiveness of its mission. Additionally, while the organization has robust policies in place for conflict of interest and whistleblowing, the overall low financial score raises questions about its operational effectiveness.
Despite the strong governance aspects, the low program expense ratio signals that the foundation may not be effectively utilizing its resources to achieve its stated goals. Stakeholders and potential donors should consider these financial indicators when evaluating the impact and reliability of The Seaside School Foundation Inc.
This AI summary has been generated from information found on Charity Navigator.
Is The Seaside School Foundation Inc legitimate?
The Seaside School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Seaside School Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Seaside School Foundation Inc?
The Seaside School Foundation Inc's mission is to aid and support the charitable functions of The Seaside School Inc. This is primarily achieved by providing financial assistance and other forms of aid to the school. The foundation's primary goal is to enhance the quality of education, as evidenced by its grants which funded additional staff, classes, and technology to improve the learning environment and curriculum at The Seaside School Inc. These efforts aim to enhance public education in Walton County, Florida.
Who is the CEO of The Seaside School Foundation Inc?
Mary Horton is the Principal Officer of The Seaside School Foundation Inc.
What is the revenue of The Seaside School Foundation Inc?
The Seaside School Foundation Inc's revenue in 2022 was $887,831.
Who are the executives of The Seaside School Foundation Inc and what are their salaries?
The average compensation at The Seaside School Foundation Inc during 2022 was $100,000. There is 1 employee and 600 volunteers at The Seaside School Foundation Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for The Seaside School Foundation Inc?
The Seaside School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Seaside School Foundation Inc
The Seaside School Foundation Inc, a nonprofit organization, is dedicated to upholding and executing the charitable functions of The Seaside School Inc. In essence, its mission is to provide financial aid and other forms of support to this high-performing Florida charter school. This assistance is instrumental in enhancing the quality of public education in Walton County, Florida.
Specifically, The Seaside School Foundation Inc has made educational grants to The Seaside School Inc. These grants have been utilized in various ways to improve the learning environment. For instance, funds have been allocated to employ additional staff for elective classes, introduce an additional math class, and reduce class sizes. Furthermore, the foundation has invested in technology for both student and faculty use, aiming to augment the curriculum and create a more conducive learning environment.
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Impact
October, 2024
The Seaside School Foundation Inc significantly enhances educational opportunities at Seaside School Inc., a high-performing charter school in Walton County, Florida. By providing essential financial support, the Foundation has funded educational grants that have directly impacted the school's ability to deliver quality public education. These grants have enabled the hiring of additional staff for elective classes and the introduction of one extra math class, which together help reduce class sizes and offer more personalized attention to students.
Furthermore, the Foundation has invested in technology resources for both students and faculty, enriching the curriculum and creating a more effective learning environment. This commitment to enhancing educational quality underlines the Foundation’s vital role in shaping a better future for the students in the community, ensuring they receive an education that meets modern standards and prepares them for success.
This information is meant to be a general summary of The Seaside School Foundation 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: $25,951
- Gross Receipts: $1,536,064
Assets and Liabilities:
- Total Assets: $6,200,763
- Total Liabilities: $1,094,025
- Net Assets: $5,106,738
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Organization Details
Founding Year
2008
Phone
(850) 231-0396Principal Officer
Mary Horton
Main Address
PO BOX 4825, SANTA ROSA BEACH, FL, 324594825
NTEE Category
Code: B11 - Education
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