Overview
What is Cottonwood Classical Foundation Inc?
Cottonwood Classical Foundation Inc is a nonprofit organization based in Albuquerque, New Mexico, specifically at 7801 JEFFERSON ST NE. Its primary purpose is to support Cottonwood Classical Preparatory School (CCPS), providing additional educational assistance. This aid extends to the school's students and faculty financially, as well as serving as a conduit to acquire a permanent school facility for CCPS. The organization entered into a lease-purchase agreement in July 2013, which was approved by the State of New Mexico School Board to ensure compliance with state charter school regulations.
Official website here: www.cottonwoodclassicalfoundation.org
Is Cottonwood Classical Foundation Inc legitimate?
Cottonwood Classical Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottonwood Classical 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.
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Official website here: www.cottonwoodclassicalfoundation.org
What is the mission statement of Cottonwood Classical Foundation Inc?
Cottonwood Classical Foundation Inc's primary role is to support Cottonwood Classical Preparatory Charter School. This support includes providing financial assistance for the school's students and faculty, as well as acting as a facilitator for financing the school's property. The organization entered into a lease-purchase agreement in 2013 to acquire a permanent facility for the school, given that charter schools in New Mexico are prohibited from owning encumbered property. The foundation's actions aim to enhance the educational experience of the students at Cottonwood Classical Preparatory Charter School.
Official website here: www.cottonwoodclassicalfoundation.org
Who is the CEO of Cottonwood Classical Foundation Inc?
Matt Merhege is the President of Cottonwood Classical Foundation Inc.
Official website here: www.cottonwoodclassicalfoundation.org
What is the revenue of Cottonwood Classical Foundation Inc?
Cottonwood Classical Foundation Inc's revenue in 2022 was $1,610,993.
Official website here: www.cottonwoodclassicalfoundation.org
Who are the executives of Cottonwood Classical Foundation Inc and what are their salaries?
There 11 volunteers at Cottonwood Classical Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.cottonwoodclassicalfoundation.org
Where can I find the form 990 for Cottonwood Classical Foundation Inc?
Cottonwood Classical Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cottonwoodclassicalfoundation.org
Learn more at the official website: www.cottonwoodclassicalfoundation.org
Mission Statement of Cottonwood Classical Foundation Inc
Cottonwood Classical Foundation Inc plays a crucial role in supporting Cottonwood Classical Preparatory Charter School. Its mission is twofold: firstly, the organization provides financial aid to the school's students and faculty, ensuring that they have the necessary resources for a quality education. Secondly, Cottonwood Classical Foundation Inc acts as a conduit for financing the school's property, facilitating the acquisition of a permanent facility for Cottonwood Classical Preparatory School. This is particularly significant as charter schools, like Cottonwood Classical Preparatory Charter School, are prohibited by law from owning encumbered property. The foundation's involvement in this transaction was approved by the state's New School Board, demonstrating its commitment to supporting the educational needs of the school and its students.
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Impact
October, 2024
Cottonwood Classical Foundation Inc significantly enhances the educational landscape by providing essential financial support to Cottonwood Classical Preparatory School (CCPS) in Albuquerque, NM. By facilitating funding, the foundation directly impacts students and faculty, ensuring they have access to resources and opportunities that promote academic growth and excellence.
In addition to financial assistance, the foundation plays a critical role in securing a permanent school facility for CCPS through a lease purchase agreement initiated in July 2013. This arrangement addresses the unique challenges charter schools face regarding property ownership, thereby allowing CCPS to focus on delivering a high-quality educational experience without the burden of encumbered property.
Through its efforts, Cottonwood Classical Foundation Inc not only fosters an enriched learning environment but also strengthens the overall community by investing in the education and future of its students. In doing so, the foundation helps to cultivate a skilled and knowledgeable populace, contributing to the broader educational goals of the region.
This information is meant to be a general summary of Cottonwood Classical 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: $369,630
- Program Service Revenue: $1,078,721
- Gross Receipts: $1,612,183
Assets and Liabilities:
- Total Assets: $33,407,726
- Total Liabilities: $34,227,856
- Net Assets: -$820,130
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFILIATED ENTITY RENT
Revenue
$1,078,721
Organization Details
Founding Year
2009
Phone
(505) 998-1021Principal Officer
Matt Merhege
Main Address
7801 JEFFERSON ST NE, ALBUQUERQUE, NM, 87109
NTEE Category
Code: B11 - Education
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