Overview
What is The Friends Of Foundation Academy Inc?
The Friends of Foundation Academy Inc, based in Trenton, New Jersey, is a nonprofit organization committed to supporting Foundation Academies. They achieve this goal by raising funds and delivering various services, programs, acquisitions, and partnerships that cater to the best interests of their school community. In 2018-19, they significantly expanded and improved their high school facilities by purchasing a vacant site and constructing a new addition. Furthermore, they undertook comprehensive upgrades to the existing building's HVAC, electrical, and interior systems. The Friends of FA proudly owns and maintains the high school campus, leasing it back to the school.
Official website here: www.foundationacademies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Friends Of Foundation Academy Inc has received an 81% rating from Charity Navigator, indicating a strong performance in accountability and finance. This score reflects a robust commitment to financial transparency and responsible governance, showcasing effective oversight and independent board leadership. The organization has achieved perfect scores in several areas, including the independence and size of its board, financial audits, and the presence of key policies.
Strengths highlighted in the rating include a high program expense ratio of 92.66%, indicating that a significant majority of its funds is directed towards its programs. Additionally, the organization maintains a comprehensive set of policies that underpin its operations, such as conflict of interest and whistleblower policies, which further enhance its credibility and accountability.
While the score is strong, it is based solely on the accountability and finance beacon, suggesting that further evaluation of the organization's impact and effectiveness in its mission may be necessary for a more comprehensive assessment. This focus provides a solid foundation but invites potential donors to consider additional aspects of the nonprofit's performance beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is The Friends Of Foundation Academy Inc legitimate?
The Friends Of Foundation Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friends Of Foundation Academy 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
Official website here: www.foundationacademies.org
What is the mission statement of The Friends Of Foundation Academy Inc?
The Friends of Foundation Academy Inc's mission is to support, enhance, and promote the work of Foundation Academies. They accomplish this by raising funds and delivering services, programs, and partnerships that serve the best interests of the school community in an equitable manner. The organization has played a significant role in expanding and improving the high school facilities by purchasing and renovating a nearby site, resulting in a new addition and upgrades to the existing building. The Friends of Foundation Academies now owns and maintains the campus, leasing it back to the school.
Official website here: www.foundationacademies.org
Who is the CEO of The Friends Of Foundation Academy Inc?
Reid Mccarthy is the Chairperson - Board Member of The Friends Of Foundation Academy Inc.
Official website here: www.foundationacademies.org
What is the revenue of The Friends Of Foundation Academy Inc?
The Friends Of Foundation Academy Inc's revenue in 2023 was $1,454,319.
Official website here: www.foundationacademies.org
Who are the executives of The Friends Of Foundation Academy Inc and what are their salaries?
There 8 volunteers at The Friends Of Foundation Academy Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.foundationacademies.org
Where can I find the form 990 for The Friends Of Foundation Academy Inc?
The Friends Of Foundation Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundationacademies.org
Learn more at the official website: www.foundationacademies.org
Mission Statement of The Friends Of Foundation Academy Inc
The Friends of Foundation Academies, as a nonprofit organization, is committed to supporting, enhancing, and promoting the work of Foundation Academies. This is achieved by raising funds and delivering services, programs, and partnerships that cater to the best interests of the school community in an equitable manner. The mission of The Friends of Foundation Academies is to act as a vital partner, working hand in hand with the school to ensure its continued growth and improvement.
Understanding the challenges that charter schools face in obtaining public funds for facility expansion, The Friends of Foundation Academies took an active role. They purchased a vacant site adjacent to the school and, following a substantial construction project, added a 10,217 square foot addition to the high school facilities. The existing school building underwent a comprehensive upgrade, including improvements to the HVAC, electrical systems, and interior design. This significant investment by The Friends of Foundation Academies not only expanded the school's footprint but also ensured that the learning environment remained modern and conducive to the students' academic success.
In conclusion, The Friends of Foundation Academies serves as a dedicated ally to Foundation Academies, working tirelessly to support its mission and improve its infrastructure. Through fundraising, service delivery, and strategic partnerships, they strive to create an environment that equitably serves the best interests of the school community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Friends of Foundation Academy Inc significantly enhances educational opportunities and facilities for students at Foundation Academies in Trenton, NJ. By raising funds and fostering partnerships, they have effectively supported the expansion and improvement of high school facilities, addressing the challenges posed by New Jersey's regulations on charter school funding for physical infrastructure.
In a commendable initiative, The Friends of Foundation Academies purchased the vacant Holy Cross rectory site and oversaw the construction of a 10,217 square foot addition. This expansion provides much-needed space and resources, benefitting students by improving their learning environment. Additionally, the organization undertook a comprehensive upgrade of the existing school building, enhancing essential systems such as HVAC and electrical components, which are crucial for a comfortable and conducive educational atmosphere.
By owning and maintaining the high school campus, The Friends of Foundation Academies not only ensures that the facilities are well-kept but also maintains a direct commitment to serving the needs of the school community. Their relentless dedication to raising funds and delivering valuable programs significantly enriches the educational experience for students and fosters a supportive environment that prioritizes their best interests.
This information is meant to be a general summary of The Friends Of Foundation Academy 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 2023.
- Investment Income: $46,515
- Program Service Revenue: $790,112
- Gross Receipts: $1,454,319
Assets and Liabilities:
- Total Assets: $16,794,017
- Total Liabilities: $13,987,644
- Net Assets: $2,806,373
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$790,112
Organization Details
Founding Year
2010
Phone
(609) 920-9200Principal Officer
Reid Mccarthy
Main Address
363 W State St, Trenton, NJ, 08618
Website
www.foundationacademies.orgNTEE Category
Code: B11 - Education
If you are a representative of The Friends Of Foundation Academy Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.