Overview
What is Great Oaks Foundation Inc?
The Great Oaks Foundation Inc, located in New York City, is a nonprofit organization committed to enhancing children's educational opportunities. Their approach involves tapping into the national service movement, recruiting young individuals for tutoring and mentoring roles through the Federal AmeriCorps program. They are dedicated to combating racism in their hiring practices, ensuring a diverse group of tutors that mirrors the students they serve. Additionally, the foundation offers a pathway to the classroom by inviting a select group of tutors into their teacher residency program. In the 2023-24 school year, they will expand their high-dosage tutoring program to children in Washington D.C. public schools, in collaboration with CityTutor and the Office of the State Superintendent of Schools. The Great Oaks Foundation envisions an America where every child has the support of a tutor, enabling them to fully realize their human potential.
Official website here: www.greatoakscharter.org
What are the reviews and ratings of this charity?
Great Oaks Foundation Inc has received an 83% rating from Charity Navigator, which translates to a Three-Star out of Four Star rating. This score highlights the organization’s solid financial health and commitment to accountability, derived primarily from a robust Accountability & Finance assessment. An impressive aspect of their governance is that 100% of their board members are independent.
The foundation has demonstrated strong financial practices, with a high program expense ratio of 88.18% indicating that a significant portion of its budget is directed toward its programs. The organization also scores exceptionally well in Culture & Community, receiving a perfect score of 100, reflecting its commitment to creating an equitable environment. They have implemented numerous equity practices and have detailed strategies to ensure race identity does not impact individuals' experiences within the organization.
However, there is a limitation regarding the organization’s liabilities to assets ratio, which scored 0 out of 15 points. This aspect could indicate financial risk or a need for improvement in managing liabilities. Overall, while Great Oaks Foundation Inc shows strength in several areas, attention to its financial liabilities is essential for continued success.
This AI summary has been generated from information found on Charity Navigator.
Is Great Oaks Foundation Inc legitimate?
Great Oaks Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Oaks 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,068,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,711,362
For more financial information, click here
Official website here: www.greatoakscharter.org
What is the mission statement of Great Oaks Foundation Inc?
The Great Oaks Foundation envisions an America where every child has the support of a tutor, enabling them to fully realize their potential. The mission of the foundation is to provide students with access to quality education through high-dosage tutoring. The organization taps into the national service movement to recruit young people for tutoring and mentoring roles through the Federal AmeriCorps program. The foundation is committed to combating racism and intentionally hires a diverse group of tutors to reflect the children they serve. Additionally, the foundation offers a pathway to the classroom by inviting a select group of tutors into its teacher residency program. In the 2023-24 school year, the foundation will bring its high-dosage tutoring program to children in Washington D.C. public schools, working in partnership with CityTutor and the Office of the State Superintendent of Schools.
Official website here: www.greatoakscharter.org
Who is the CEO of Great Oaks Foundation Inc?
Michael Duffy is the President of Great Oaks Foundation Inc.
Official website here: www.greatoakscharter.org
What is the revenue of Great Oaks Foundation Inc?
Great Oaks Foundation Inc's revenue in 2022 was $10,108,472.
Official website here: www.greatoakscharter.org
Who are the executives of Great Oaks Foundation Inc and what are their salaries?
The average compensation at Great Oaks Foundation Inc during 2022 was $109,045. There are 53 employees and 12 volunteers at Great Oaks Foundation Inc.
Here are 21 key members and their salaries:
- Compensation: $225,472
- Related: $0
- Other: $12,045
- Compensation: $198,495
- Related: $0
- Other: $30,840
- Compensation: $127,003
- Related: $0
- Other: $23,879
- Compensation: $134,393
- Related: $0
- Other: $9,659
- Compensation: $141,409
- Related: $0
- Other: $2,958
- Compensation: $107,337
- Related: $0
- Other: $24,492
- Compensation: $105,660
- Related: $0
- Other: $25,139
- Compensation: $106,563
- Related: $0
- Other: $11,354
- Compensation: $100,954
- Related: $0
- Other: $12,944
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.greatoakscharter.org
Where can I find the form 990 for Great Oaks Foundation Inc?
Great Oaks Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greatoakscharter.org
Learn more at the official website: www.greatoakscharter.org
Mission Statement of Great Oaks Foundation Inc
Great Oaks Foundation envisions an America where every child has the support of a tutor to fully realize their potential. This nonprofit organization's mission is to provide students with access to a quality education by offering high-dosage tutoring services. The foundation recognizes the importance of a diverse tutoring team and actively combats racism by intentionally hiring tutors who reflect the diversity of the children they serve. In the 2023-24 school year, Great Oaks Foundation will expand its high-dosage tutoring program to children in Washington D.C. public schools, working in collaboration with CityTutor and the Office of the State Superintendent of Schools. The foundation invites a select group of tutors to join its teacher residency program, providing a pathway to the classroom for these individuals. By focusing on tutoring and diversity, Great Oaks Foundation aims to empower students and support their educational journey.
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Impact
October, 2024
Great Oaks Foundation Inc has a transformative impact on education by enabling students to reach their full potential through dedicated, high-dosage tutoring. By recruiting young tutors from the national service movement, specifically the AmeriCorps program, they ensure that students receive personalized attention and support. This approach not only enhances learning but also fosters mentorship relationships that can inspire and motivate young learners.
The foundation places a strong emphasis on diversity, actively hiring tutors who reflect the backgrounds of the children they serve. This intentional effort combats racism and promotes inclusivity, creating a learning environment where all students feel understood and valued.
Additionally, Great Oaks serves as a vital pathway to the classroom. By inviting selected tutors into their teacher residency program, they contribute to developing a new generation of educators who are deeply committed to their students' success.
In the 2023-24 school year, their initiatives will be expanding to Washington DC public schools, collaborating with CityTutor and the Office of the State Superintendent of Schools. This partnership ensures that both charter and district-run school students benefit from high-dosage tutoring, making quality education accessible to more children.
Through these various components, Great Oaks Foundation Inc plays a crucial role in reshaping educational outcomes, fostering equity, and nurturing future educators, all aimed at creating a stronger, more supportive learning environment for every child.
This information is meant to be a general summary of Great Oaks 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.
- Program Service Revenue: $3,773,156
- Gross Receipts: $10,108,472
Assets and Liabilities:
- Total Assets: $2,578,218
- Total Liabilities: $1,078,961
- Net Assets: $1,499,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUTOR FEES
Revenue
$2,598,398
SCHOOL MANAGEMENT
Revenue
$889,053
FELLOWSHIP HOUSING
Revenue
$285,705
Organization Details
Founding Year
2011
Phone
(212) 233-5152Principal Officer
Michael Duffy
Main Address
200 BROADWAY 3RD FL, NEW YORK, NY, 10038
Website
www.greatoakscharter.orgNTEE Category
Code: B90 - Education
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