Overview
What is Friends Of Veritas Preparatory Charter School Inc?
Friends of Veritas Preparatory Charter School Inc is a charitable organization situated in Springfield, Massachusetts, specifically at 370 Pine Street. Their primary purpose is to bolster the establishment, development, enhancement, and expansion of educational opportunities, facilities, and programs for Veritas Preparatory Charter School. By doing so, they aim to assist the students and teachers in achieving their educational objectives, thereby fostering their growth and success.
Official website here: www.veritasprepcharterschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating
Friends Of Veritas Preparatory Charter School Inc has earned an 82% rating from Charity Navigator, which translates to a Three-Star designation. This score is derived entirely from its Accountability & Finance metrics, indicating a strong emphasis on responsible financial management and transparency within the organization.
One of the standout features of this nonprofit is its governance structure, with 80% of its board members being independent, highlighting a commitment to impartial decision-making. The organization has also demonstrated excellent practices regarding asset management, having reported no material diversion of assets. Additionally, the presence of well-defined policies, such as those concerning conflicts of interest and whistleblower protections, further bolsters its accountability.
However, the rating is primarily based on financial accountability and does not provide insight into programmatic impact or effectiveness. While the high program expense ratio of 98.37% suggests a strong focus on direct service delivery, potential donors and supporters may seek more information about the outcomes and overall impact of the programs offered by Friends Of Veritas Preparatory Charter School Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Veritas Preparatory Charter School Inc legitimate?
Friends Of Veritas Preparatory Charter School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Veritas Preparatory Charter School 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.veritasprepcharterschool.org
What is the mission statement of Friends Of Veritas Preparatory Charter School Inc?
The mission of Friends Of Veritas Preparatory Charter School Inc is centered around supporting the establishment, development, improvement, and expansion of educational opportunities, facilities, and programs for Veritas Preparatory Charter School. Their goal is to aid students and teachers in achieving their educational objectives. This organization plays a crucial role in fostering an environment that promotes learning and growth within the school community.
Official website here: www.veritasprepcharterschool.org
Who is the CEO of Friends Of Veritas Preparatory Charter School Inc?
Rachel Romano is the President of Friends Of Veritas Preparatory Charter School Inc.
Official website here: www.veritasprepcharterschool.org
What is the revenue of Friends Of Veritas Preparatory Charter School Inc?
Friends Of Veritas Preparatory Charter School Inc's revenue in 2022 was $1,161,573.
Official website here: www.veritasprepcharterschool.org
Who are the executives of Friends Of Veritas Preparatory Charter School Inc and what are their salaries?
There 7 volunteers at Friends Of Veritas Preparatory Charter School Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $168,765
- Other: $17,574
- 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.veritasprepcharterschool.org
Where can I find the form 990 for Friends Of Veritas Preparatory Charter School Inc?
Friends Of Veritas Preparatory Charter School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.veritasprepcharterschool.org
Learn more at the official website: www.veritasprepcharterschool.org
Mission Statement of Friends Of Veritas Preparatory Charter School Inc
Friends of Veritas Preparatory Charter School Inc is committed to supporting the establishment, development, improvement, and expansion of educational opportunities, facilities, and programs within Veritas Preparatory Charter School. This nonprofit organization aims to assist both students and teachers in achieving their educational goals. By providing assistance in various aspects of the school's educational journey, Friends of Veritas Preparatory Charter School Inc aims to contribute to the overall growth and success of the school and its community.
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Impact
October, 2024
Friends Of Veritas Preparatory Charter School Inc significantly enhances the educational landscape by focusing on the establishment, development, improvement, and expansion of opportunities, facilities, and programs at Veritas Preparatory Charter School. Their efforts directly support students and teachers in achieving their educational goals, creating a more enriched learning environment that fosters academic success. By addressing the needs of the school community in Springfield, MA, they play a vital role in creating a better future for students, ensuring that resources and support systems are in place to facilitate a high-quality education. This impact extends beyond the immediate community, contributing to the overall development of educational excellence in the region.
This information is meant to be a general summary of Friends Of Veritas Preparatory Charter School 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: $310
- Program Service Revenue: $1,091,970
- Gross Receipts: $1,161,573
Assets and Liabilities:
- Total Assets: $6,265,627
- Total Liabilities: $5,668,910
- Net Assets: $596,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$785,128
RENTAL INCOME
Revenue
$178,788
INTEREST INCOME ON CAP
Revenue
$128,054
Organization Details
Founding Year
2010
Phone
(413) 539-0055Principal Officer
Rachel Romano
Main Address
370 PINE STREET, SPRINGFIELD, MA, 01105
NTEE Category
Code: B111 - Education
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