Overview
What is Glades Academy Foundation Inc?
Glades Academy Foundation Inc is a nonprofit organization based in West Palm Beach, Florida, specifically at One North Clematis Street APT 200. Their primary mission is to support Glades Academy, Inc., an elementary and middle school serving disadvantaged children in Palm Beach County. The foundation contributes funds for educational materials and academic programs, ensuring the school's continued operation and success. Their activities include monitoring the use of contributions to expand educational opportunities for students and developing funding sources to enhance their mission. Additionally, the foundation is involved in constructing or renovating school facilities to improve the learning environment. The Glades Academy, with over 235 students annually, boasts highly credentialed teachers and school leaders, providing a high standard of education in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Glades Academy Foundation Inc has achieved a commendable four-star rating from Charity Navigator, reflecting a strong performance in Accountability & Finance. The organization excels with a score of 94%, indicating a high level of transparency and efficient use of resources in its operations. The rating is entirely based on their financial accountability, showcasing a commitment to responsible management of funds.
The foundation is particularly noted for having an entirely independent board of directors, which ensures unbiased governance. They have successfully implemented robust policies, including a detailed conflict of interest policy and a whistleblower policy, contributing to their overall high score in accountability. Financially, the organization maintains a perfect liabilities to assets ratio of 0%, demonstrating sound financial health.
One of the standout features of Glades Academy Foundation Inc is its impressive program expense ratio of 99.24%, indicating that nearly all funds are directed toward programs rather than administrative costs. This focus on programmatic spending underscores the foundation's dedication to its mission. Overall, while the foundation showcases exceptional financial management and accountability, continued efforts to maintain these standards will further enhance its credibility and impact in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Glades Academy Foundation Inc legitimate?
Glades Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glades Academy 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Glades Academy Foundation Inc?
The mission of Glades Academy Foundation Inc, as stated, is centered around promoting quality public school education. They accomplish this by making contributions to charter schools and monitoring the usage of these funds to ensure they expand educational opportunities for students. The foundation also works on developing additional funding sources to enhance their mission. A key aspect of their mission is constructing or enhancing school facilities to provide better learning environments for students. The foundation directly supports Glades Academy, Inc., providing educational materials and general support for academic programs in a disadvantaged area, enabling over 235 students annually to benefit from highly credentialed teachers and school leaders.
Who is the CEO of Glades Academy Foundation Inc?
Emilia Fanjul is the President Secretary of Glades Academy Foundation Inc.
What is the revenue of Glades Academy Foundation Inc?
Glades Academy Foundation Inc's revenue in 2022 was $920,503.
Who are the executives of Glades Academy Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Glades Academy Foundation Inc?
Glades Academy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Glades Academy Foundation Inc
Glades Academy Foundation Inc, a nonprofit organization, is committed to advancing the quality of public school education in Florida. Their primary mission involves making contributions to charter schools and monitoring their usage to ensure they enhance educational opportunities for students. The foundation also works towards expanding and enhancing this mission by identifying and developing new funding sources. Additionally, Glades Academy Foundation Inc is involved in constructing new school facilities and augmenting existing ones to support the growth of these educational institutions.
In practical terms, this nonprofit organization provides direct support to Glades Academy, an elementary and middle school located in a disadvantaged area of Palm Beach County. The school, which has been in operation since 2000, serves students from kindergarten through 8th grade. Glades Academy Foundation Inc's contributions have been used to purchase educational materials and support the academic programs at the school, where funds from the school district were insufficient. The foundation's support has resulted in the establishment of state-of-the-art classrooms, learning labs, and enhanced day and after-school programs at Glades Academy. At present, over 235 students annually receive their education from highly credentialed teachers and school leaders at this institution.
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Impact
October, 2024
Glades Academy Foundation Inc significantly enhances educational opportunities for students in Pahokee, Florida, particularly at Glades Academy, which serves children from kindergarten through 8th grade. Since its establishment in 2000, the foundation has provided essential financial support that allows the school to thrive, ensuring that students receive the resources they need despite the challenges posed by a disadvantaged area.
The impact of the foundation is evident in the school's state-of-the-art classrooms and learning labs, which create an engaging and effective learning environment. By purchasing educational materials and supporting academic programs that lack adequate funding from the school district, Glades Academy Foundation Inc plays a crucial role in delivering high-quality education. The foundation’s efforts are directed towards not only supporting current educational needs but also expanding and enhancing future opportunities through infrastructure development.
Over 235 students benefit annually from the dedication of highly credentialed teachers and school leaders, fostering an atmosphere of academic excellence. This commitment to monitoring the use of contributions ensures that funds are effectively utilized to improve educational outcomes. Overall, Glades Academy Foundation Inc's initiatives empower students, enrich their academic experiences, and contribute to the broader goal of promoting quality public school education in Florida.
This information is meant to be a general summary of Glades Academy 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: $5,461
- Gross Receipts: $920,503
Assets and Liabilities:
- Total Assets: $3,140,593
- Total Liabilities: $0
- Net Assets: $3,140,593
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Organization Details
Founding Year
2008
Phone
(561) 366-5104Principal Officer
Emilia Fanjul
Main Address
One North Clematis Street APT 200, West Palm Beach, FL, 33401
NTEE Category
Code: B90 - Education
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