Overview
What is Novation Education Opportunities?
Novation Education Opportunities is a Minnesota-based nonprofit organization, specifically located at 3432 DENMARK AVENUE, EAGAN, MN, 55123. As a charter school authorizer, their primary mission is to oversee and evaluate charter schools with the aim of enhancing student learning. To accomplish this, they have managed 28 such schools serving approximately 5,000 students, aiming for significant growth in student achievement. Their robust and ongoing evaluation process has proven to be effective, contributing to measurable improvements in student learning. Novation Education Opportunities operates with a small team of 3 individuals, committed to advancing education through charter schools.
Official website here: www.neoauthorizer.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Novation Education Opportunities has received a solid 81% rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity benefits from an entirely independent board, which contributes to effective governance. Additionally, the organization demonstrates a high commitment to transparency, with all necessary policies readily available and a favorable liabilities to assets ratio of 10.17%.
One of the notable strengths highlighted is the program expense ratio of 88.66%, signifying that a large portion of the funds are allocated directly to program services rather than administrative costs. This suggests a focused approach towards fulfilling its mission and providing educational opportunities.
While the rating is commendable, continued engagement in areas such as fundraising and outreach could further enhance Novation Education Opportunities' impact. The organization's existing strengths in governance and financial management lay a strong foundation for future growth and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Novation Education Opportunities legitimate?
Novation Education Opportunities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Novation Education Opportunities 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,400
For more financial information, click here
Official website here: www.neoauthorizer.org
What is the mission statement of Novation Education Opportunities?
Novation Education Opportunities, serving as a charter school authorizer in Minnesota, is committed to overseeing and evaluating charter schools with the primary goal of enhancing student learning. By conducting consistent, ongoing, and robust evaluations, they aim to facilitate significant and measurable growth in student education outcomes. Their role in this process is instrumental in improving the quality of education offered by the 28 charter schools they oversee, which serve approximately 5,000 students, ultimately leading to overall academic progress.
Official website here: www.neoauthorizer.org
Who is the CEO of Novation Education Opportunities?
Wendy J Swanson-Choi is the Treasurer of Novation Education Opportunities.
Official website here: www.neoauthorizer.org
What is the revenue of Novation Education Opportunities?
Novation Education Opportunities's revenue in 2022 was $522,779.
Official website here: www.neoauthorizer.org
Who are the executives of Novation Education Opportunities and what are their salaries?
The average compensation at Novation Education Opportunities during 2022 was $73,467. There are 3 employees at Novation Education Opportunities.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $110,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.neoauthorizer.org
Where can I find the form 990 for Novation Education Opportunities?
Novation Education Opportunities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neoauthorizer.org
Learn more at the official website: www.neoauthorizer.org
Mission Statement of Novation Education Opportunities
Novation Education Opportunities, acting as a charter school authorizer in Minnesota, plays a crucial role in overseeing and evaluating charter schools. Their mission is centered around improving student learning. They achieve this by conducting consistent, ongoing, and robust evaluations of the charter schools they oversee. With 28 charter schools serving around 5,000 students under their supervision, Novation Education Opportunities strives for significant and measurable growth in student learning. By doing so, they contribute to the betterment of educational standards and outcomes within the charter school system.
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Impact
July, 2024
Novation Education Opportunities, as a Minnesota charter school authorizer, plays a crucial role in overseeing and evaluating charter schools to improve student learning. Through consistent, ongoing, and robust evaluation, Novation Education Opportunities has overseen 28 charter schools serving 5,000 students in achieving significant and measurable growth in student learning. Their impact can be seen in the improvement of educational outcomes for students within the charter school system they oversee.
This information is meant to be a general summary of Novation Education Opportunities. 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.
- Program Service Revenue: $457,612
- Gross Receipts: $522,779
Assets and Liabilities:
- Total Assets: $357,793
- Total Liabilities: $14,201
- Net Assets: $343,592
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$457,612
Organization Details
Founding Year
2009
Phone
(612) 889-2103Principal Officer
Wendy J Swanson-Choi
Main Address
3432 DENMARK AVENUE, EAGAN, MN, 55123
Website
www.neoauthorizer.orgNTEE Category
Code: B90 - Education
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