Overview
What is Friends Of Canaan Inc?
Friends of Canaan Inc, based in Canaan, Indiana, is a nonprofit organization that operates under the name of Canaan Community Academy. Their primary mission is to empower each student, enabling them to realize their individual potential both personally and academically, and become responsible and productive citizens in a global society. The organization, with a staff of 48, is committed to providing educational instruction to students in various grades. While specific details about their activities or schedule are not provided, it is clear that they are dedicated to the overall growth and development of their students.
Official website here: www.canaancommunityacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Friends of Canaan Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial transparency. The organization has a solid program expense ratio of 86.17%, reflecting a strong commitment to using funds for its intended purposes. Additionally, it boasts a fully independent board of directors, which is a positive aspect of its governance structure.
However, several critical areas require attention. The charity has not provided financial statements, lacks a conflict of interest policy, and does not have a whistleblower policy or document retention procedures in place. Furthermore, essential documents, such as the tax form, are not posted on the nonprofit's website, which raises concerns about transparency and adherence to best practices in nonprofit governance.
While the organization demonstrates a commitment to its mission through program spending, the lack of financial documentation and policies highlights areas where Friends of Canaan Inc could enhance its accountability and trustworthiness. Addressing these limitations will be crucial for building stakeholder confidence and achieving a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Canaan Inc legitimate?
Friends Of Canaan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Canaan 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: $925,721
For more financial information, click here
Official website here: www.canaancommunityacademy.com
What is the mission statement of Friends Of Canaan Inc?
Friends of Canaan Inc's mission is centered around empowering each student to reach their full potential, both personally and academically. Their goal is to foster the development of well-rounded individuals who can contribute positively to society on a global scale. They achieve this by providing educational instruction to students at various grade levels. The organization's mission is to nurture responsible citizens who are equipped to navigate the complexities of the contemporary world.
Official website here: www.canaancommunityacademy.com
Who is the CEO of Friends Of Canaan Inc?
David Herring is the Board Secret of Friends Of Canaan Inc.
Official website here: www.canaancommunityacademy.com
What is the revenue of Friends Of Canaan Inc?
Friends Of Canaan Inc's revenue in 2022 was $2,388,809.
Official website here: www.canaancommunityacademy.com
Who are the executives of Friends Of Canaan Inc and what are their salaries?
The average compensation at Friends Of Canaan Inc during 2022 was $19,286. There are 48 employees at Friends Of Canaan Inc.
Here are 8 key members and their salaries:
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Official website here: www.canaancommunityacademy.com
Where can I find the form 990 for Friends Of Canaan Inc?
Friends Of Canaan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.canaancommunityacademy.com
Learn more at the official website: www.canaancommunityacademy.com
Mission Statement of Friends Of Canaan Inc
Friends of Canaan Inc, as an organization, is committed to providing each student with the chance to realize their full potential, both personally and academically. Its mission is to nurture these students, aiming to shape them into responsible and productive citizens in the global community. The organization focuses on delivering educational instruction to students in various grade levels. By offering this guidance and support, Friends of Canaan Inc strives to contribute to the development of well-rounded individuals who can make a positive impact in the world.
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Impact
October, 2024
Friends Of Canaan Inc significantly impacts the Canaan community by delivering educational instruction to students in various grades. Through its dedicated efforts, it empowers each student to reach their full potential, both personally and academically. This organization fosters an environment that not only encourages academic growth but also nurtures responsible citizenship, equipping students with the skills needed to thrive in a global society. By focusing on the holistic development of each child, Friends Of Canaan Inc plays a crucial role in shaping the future of the community and its individuals.
This information is meant to be a general summary of Friends Of Canaan 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: $5,894
- Gross Receipts: $2,388,809
Assets and Liabilities:
- Total Assets: $1,002,466
- Total Liabilities: $294,177
- Net Assets: $708,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$5,894
Organization Details
Founding Year
2011
Principal Officer
David Herring
Main Address
PO BOX 20, CANAAN, IN, 47224
NTEE Category
Code: B24 - Education
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