Overview
What is Friends Of Excel Academy Charter Schools Inc?
Friends of Excel Academy Charter Schools Inc is a nonprofit organization headquartered at 58 Moore Street, East Boston, Massachusetts 02128. Their primary mission is to raise funds and support the operations of Excel Academy Charter School. This includes engaging in activities and performing functions that the school might otherwise need to handle, as well as owning, leasing, and maintaining the sites where the school is situated. The organization aims to benefit the school through financial support and services, contributing to its overall functioning and success.
What are the reviews and ratings of this charity?
**:** Charity Navigator Rating 86% - Three Stars Stars
Friends Of Excel Academy Charter Schools Inc has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a strong score in Accountability & Finance. The rating indicates effective management of financial resources, with excellent scores for financial oversight and an independent board structure. However, the organization is currently not rated in other areas such as Impact & Measurement, Culture & Community, or Leadership & Adaptability, which limits a fuller understanding of its overall effectiveness.
The financial metrics are impressive, with a program expense ratio of over 86% and a solid fundraising efficiency ratio, demonstrating that the organization utilizes its funds effectively for its intended educational purposes. Yet, a critical weakness highlighted is the absence of the necessary tax documents posted on its website, which could hinder transparency for potential donors and stakeholders.
Unfortunately, user reviews from GreatNonprofits could not be fetched, leaving a gap in insights from the community served by Friends of Excel Academy. However, the organization does show promise with its financial accountability and structured governance, which could be appealing for individuals interested in supporting educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Excel Academy Charter Schools Inc legitimate?
Friends Of Excel Academy Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Excel Academy Charter Schools 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
What is the mission statement of Friends Of Excel Academy Charter Schools Inc?
The mission of Friends Of Excel Academy Charter Schools Inc is centered around supporting and enhancing the functions of Excel Academy Charter School. They aim to engage in activities and perform necessary functions that the school might otherwise need to handle itself. Additionally, they are responsible for providing financial aid and services to benefit the school, owning, leasing, and maintaining the sites where the school operates. In essence, their role is to support the school in various capacities, ensuring its smooth operation and growth.
Who is the CEO of Friends Of Excel Academy Charter Schools Inc?
Seth Reynolds is the President of Friends Of Excel Academy Charter Schools Inc.
What is the revenue of Friends Of Excel Academy Charter Schools Inc?
Friends Of Excel Academy Charter Schools Inc's revenue in 2022 was $7,984,303.
Who are the executives of Friends Of Excel Academy Charter Schools Inc and what are their salaries?
There 5 volunteers at Friends Of Excel Academy Charter Schools Inc.
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Friends Of Excel Academy Charter Schools Inc?
Friends Of Excel Academy Charter Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Excel Academy Charter Schools Inc
Friends of Excel Academy Charter Schools Inc is a nonprofit organization with a mission to support and enhance the functions of Excel Academy Charter School. This involves carrying out the school's purposes and engaging in activities that the school would otherwise need to undertake. Additionally, the organization is responsible for owning, leasing, and maintaining the sites where the school is located. Beyond these practical responsibilities, Friends of Excel Academy Charter Schools Inc aims to benefit the school through the provision of financial support and services. This multifaceted mission reflects the organization's commitment to ensuring the success and well-being of Excel Academy Charter School. By providing essential support in various areas, Friends of Excel Academy Charter Schools Inc plays a crucial role in helping the school achieve its goals and serve its students effectively.
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Impact
October, 2024
Friends Of Excel Academy Charter Schools Inc significantly enhances the educational environment at Excel Academy Charter School in East Boston, MA, by raising essential funds and providing critical support services. This organization enables the school to pursue its mission more effectively by handling activities and functions that would otherwise strain its resources.
By ensuring financial backing for the school's operations, Friends Of Excel allows educators to focus on delivering a high-quality educational experience for students. Its role extends to securing and maintaining the physical locations of the school, which is vital for creating a safe and conducive learning atmosphere. Overall, the impact is reflected in the improved educational opportunities and improved overall experience for both students and staff at Excel Academy Charter School.
This information is meant to be a general summary of Friends Of Excel Academy Charter Schools 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: $176,421
- Program Service Revenue: $2,450,315
- Gross Receipts: $7,984,303
Assets and Liabilities:
- Total Assets: $82,712,473
- Total Liabilities: $62,409,208
- Net Assets: $20,303,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,251,850
INTERCOMPANY INTEREST
Revenue
$1,198,465
Organization Details
Founding Year
2004
Phone
(617) 874-4080Principal Officer
Seth Reynolds
Main Address
58 MOORE STREET, EAST BOSTON, MA, 02128
NTEE Category
Code: B90 - Education
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