Overview
What is Pontiac School District Promise Zone Authroity Boa?
Pontiac School District Promise Zone Authority Boa is a nonprofit organization situated in Auburn Hills, Michigan, specifically at 1500 University Drive, MI 48326. Their primary mission is to support the educational and training pursuits of youth beyond high school, providing financial assistance for tuition, fees, and necessary books. This nonprofit aims to empower the youth of the Pontiac School District by covering the associated expenses, enabling them to further their education or acquire relevant training. The organization's initiatives contribute to the overall growth and development of the community by investing in its future leaders.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating
The Pontiac School District Promise Zone Authority Boa has received a score of 86%, which translates to a Three-Star rating. This rating reflects a strong emphasis on accountability and finance, with a full score in several key areas such as independent board membership and financial oversight. The organization demonstrates a robust governance structure with 100% independent board members and a sound financial health indicated by a zero liabilities to assets ratio.
The nonprofit's financial management is commendable, with a complete program expense ratio of 100%, which means that all expenditures are directed towards their programs. Additionally, the organization has established clear policies for conflict of interest and maintains thorough documentation of board meeting minutes, showcasing transparency in its operations.
While the overall rating is positive, it is important for potential donors and stakeholders to consider the focus areas of the rating, primarily on financial metrics. The absence of more diverse evaluation criteria may limit insights into the effectiveness of the organization’s programs beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Pontiac School District Promise Zone Authroity Boa legitimate?
Pontiac School District Promise Zone Authroity Boa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pontiac School District Promise Zone Authroity Boa 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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What is the mission statement of Pontiac School District Promise Zone Authroity Boa?
The Pontiac School District Promise Zone Authority's mission is to support the education and training of youth beyond high school. Specifically, they aim to assist these young individuals by providing financial aid for tuition fees and purchasing necessary books. This initiative is designed to enable the youth to further their studies or acquire relevant skills, thereby enhancing their prospects for the future.
What is the revenue of Pontiac School District Promise Zone Authroity Boa?
Pontiac School District Promise Zone Authroity Boa's revenue in 2024 was $2,921,987.
Who are the executives of Pontiac School District Promise Zone Authroity Boa and what are their salaries?
There 9 volunteers at Pontiac School District Promise Zone Authroity Boa.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Pontiac School District Promise Zone Authroity Boa?
Pontiac School District Promise Zone Authroity Boa's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pontiac School District Promise Zone Authroity Boa
Pontiac School District Promise Zone Authority Boa's mission is centered around providing financial assistance for tuition fees and necessary books to young individuals from the Pontiac School District, enabling them to pursue further education or training beyond high school. This nonprofit organization is dedicated to empowering these youth by alleviating the financial burden associated with post-secondary education, thereby broadening their opportunities for personal growth and career development. By offering this aid, the Pontiac School District Promise Zone Authority Boa plays a significant role in fostering the academic progress and success of its community's youth.
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Impact
October, 2024
The Pontiac School District Promise Zone Authority Board significantly impacts the educational landscape for youth in the Pontiac School District by alleviating financial barriers to post-secondary education. By providing tuition, fees, and book assistance, it empowers students to pursue higher education and vocational training after high school, fostering a pathway to academic and career success.
This initiative broadens access to opportunities that might otherwise be unattainable for many students due to financial constraints. By investing in the education of local youth, the Promise Zone Authority not only enhances individual prospects but also contributes to the overall economic development of the community, cultivating a more educated workforce that can contribute positively to the region's growth and sustainability.
This information is meant to be a general summary of Pontiac School District Promise Zone Authroity Boa. 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 2024.
- Investment Income: $147,922
- Gross Receipts: $2,921,987
Assets and Liabilities:
- Total Assets: $1,924,073
- Total Liabilities: $0
- Net Assets: $1,924,073
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Organization Details
Founding Year
2011
Principal Officer
Christopher Northcross
NTEE Category
Code: B82 - Education
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