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Foundation For Student Achievement Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262783032 ✦ Lawrenceville, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Student Achievement Inc?

The Foundation For Student Achievement Inc, situated in Lawrenceville, New Jersey, is a dedicated nonprofit organization. Its primary mission is to support learning within Catholic schools by offering Tuition Assistance and small-scale classroom grants. These grants aim to enhance educational opportunities in various subjects such as Science Literacy, Democracy, Technology, and Mathematics. By doing so, the organization positively impacts hundreds of students annually, fostering a stimulating learning environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)

Foundation For Student Achievement Inc has achieved a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The overall score is derived solely from its Accountability & Finance beacon, reflecting the organization’s commitment to transparency and responsible management of funds. The charity stands out for having a fully independent board and demonstrates no material diversion of assets.

While the organization shows strengths in many areas, including a high program expense ratio of 99%, there are significant limitations. Notably, the absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance practices. Moreover, the failure to post the required tax form on the nonprofit's website indicates a lack of adherence to transparency protocols.

Overall, while Foundation For Student Achievement Inc ranks well in terms of financial management and board independence, it would benefit from addressing its governance shortcomings to enhance its overall effectiveness and trustworthiness in the eyes of its supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation For Student Achievement Inc legitimate?

Foundation For Student Achievement Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Student Achievement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Foundation For Student Achievement Inc?

The Foundation For Student Achievement Inc is dedicated to supporting Catholic schools by providing Tuition Assistance and funding for small, focused classroom projects. This initiative aims to enhance learning opportunities for numerous students annually. The organization's mission is centered around fostering an educational environment, particularly in subjects such as Science, Literacy, Democracy, Technology, and Mathematics. By doing so, the Foundation for Student Achievement Inc contributes significantly to the academic growth and development of its beneficiaries.

Who is the CEO of Foundation For Student Achievement Inc?

Unavailable

What is the revenue of Foundation For Student Achievement Inc?

Foundation For Student Achievement Inc's revenue in 2023 was $484,676.

Who are the executives of Foundation For Student Achievement Inc and what are their salaries?


Here are 3 key members and their salaries:


Vince Schmidt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joann Tier (Board Memebr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Michael Wallack (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Foundation For Student Achievement Inc?

Foundation For Student Achievement Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Foundation For Student Achievement Inc

The Foundation for Student Achievement Inc is dedicated to supporting Catholic schools by offering Tuition Assistance and small classroom-focused Grants. This mission aims to foster learning opportunities for numerous students annually. By providing financial aid and targeted grants, the organization seeks to enhance educational experiences in various subjects such as Science Literacy, Democracy, Technology, and Mathematics. The Foundation for Student Achievement Inc plays a significant role in empowering Catholic schools and the students they serve, ultimately contributing to a well-rounded and enriched learning environment.

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Impact




July, 2024

Foundation For Student Achievement Inc has a significant impact in fostering learning in Catholic schools through providing tuition assistance and small classroom-focused grants. This support benefits hundreds of students annually, enabling them to access education and participate in various classroom projects in subjects such as Science, Literacy, Democracy, Technology, and Math. This initiative helps to enhance the educational experience and opportunities for students in Lawrenceville, NJ.




This information is meant to be a general summary of Foundation For Student Achievement 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.

Revenue
$484,676 (2023)
Expenses
$60,338 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $139,191
  • Gross Receipts: $484,676

Assets and Liabilities:

  • Total Assets: $1,960,250
  • Total Liabilities: $58,893
  • Net Assets: $1,901,357

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Organization Details

Founding Year

2008

Main Address

701 LAWRENCEVILLE ROAD, LAWRENCEVILLE, NJ, 086484209

NTEE Category

Code: B112 - Education

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