Overview
What is Innovations Public Charter School Foundation?
Innovations Public Charter School Foundation is a nonprofit organization situated in Kailua Kona, Hawaii. Their primary mission is to support and enhance Innovations Public Charter School by providing necessary facilities, raising funds for capital campaigns, soliciting contributions, and preserving an endowment for the school's future needs. This nonprofit organization's efforts aim to contribute to the school's growth and success, ultimately benefiting the students and the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
The Innovations Public Charter School Foundation has achieved a notable score of 93%, reflecting its strong performance in accountability and finance. This rating is significant as it indicates the organization's commitment to transparency and responsible financial management, which are crucial for building trust with donors and stakeholders. The foundation’s score is derived entirely from its accountability and finance metrics, showcasing its dedication to sound financial practices.
Key strengths of the foundation include a fully independent board of directors, which ensures unbiased governance and decision-making. It has also demonstrated excellence in various financial oversight areas, such as maintaining a robust audit and oversight committee and having no material diversions of assets. The foundation’s policies regarding conflict of interest, whistleblower protections, and document retention are well-defined and in place, further enhancing its operational integrity.
However, while the organization exhibits a strong program expense ratio of 100%, indicating that all its expenses directly support its mission, it maintains a liabilities to assets ratio of 51.78%. This figure may raise questions about financial sustainability in the long term. Nevertheless, the overall metrics suggest that the Innovations Public Charter School Foundation is effectively managing its resources and operating with a high level of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Innovations Public Charter School Foundation legitimate?
Innovations Public Charter School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovations Public Charter School Foundation 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Innovations Public Charter School Foundation?
The Innovations Public Charter School Foundation's mission is centered around providing essential facilities, actively seeking financial contributions for capital campaigns, and preserving an endowment to support Innovations Public Charter School. Their primary goal is to ensure the school has adequate resources, raising funds to expand and maintain its infrastructure. Additionally, they work diligently to preserve an endowment, ensuring financial stability for the future of the school.
Who is the CEO of Innovations Public Charter School Foundation?
Kiley Nakagawa is the Chair of Innovations Public Charter School Foundation.
What is the revenue of Innovations Public Charter School Foundation?
Innovations Public Charter School Foundation's revenue in 2022 was $552,690.
Who are the executives of Innovations Public Charter School Foundation and what are their salaries?
There 7 volunteers at Innovations Public Charter School Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Innovations Public Charter School Foundation?
Innovations Public Charter School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Innovations Public Charter School Foundation
The Innovations Public Charter School Foundation is dedicated to supporting the growth and development of the Innovations Public Charter School. Its primary mission involves providing necessary facilities, raising funds for capital campaigns, seeking contributions, and preserving an endowment specifically for this school. In essence, the foundation serves as a key player in ensuring the school has the necessary resources to thrive and continually improve its educational offerings. By doing so, it contributes significantly to the overall success and well-being of the school and its students.
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Impact
July, 2024
The Innovations Public Charter School Foundation's impact can be seen in its dedicated efforts to provide facilities, raise funds for capital campaigns, seek contributions, and preserve the endowment for Innovations Public Charter School in Kailua Kona, HI. By focusing on these key activities, the foundation plays a crucial role in supporting the educational mission of the school and ensuring its long-term sustainability. Moreover, the foundation's work directly contributes to enhancing the learning environment and opportunities available to students at Innovations Public Charter School.
This information is meant to be a general summary of Innovations Public Charter School Foundation. 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: $5,461
- Program Service Revenue: $480,000
- Gross Receipts: $552,690
Assets and Liabilities:
- Total Assets: $7,342,673
- Total Liabilities: $4,017,180
- Net Assets: $3,325,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$480,000
Organization Details
Founding Year
2003
Phone
(808) 331-3130Principal Officer
Kiley Nakagawa
Main Address
75-5815 QUEEN KAAHUMANU HWY, KAILUA KONA, HI, 96740
NTEE Category
Code: B19 - Education
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