Overview
What is Friends Of The Preston Academy Inc?
Friends of the Preston Academy Inc is a nonprofit organization situated in Kingwood, West Virginia. Their primary mission is to restore and preserve the historic Preston Academy building. As an education single organization support type, they focus on upholding the legacy of this significant educational landmark. The organization's activities revolve around the meticulous restoration of the building, ensuring its preservation for future generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Friends of The Preston Academy Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its excellent performance in accountability and finance. The organization scored 100% in key areas such as having a majority of independent board members, no material diversion of assets, and comprehensive policies addressing conflicts of interest and whistleblower protections.
The charity's financial health is notable, with a program expense ratio of 96.41%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the liabilities to assets ratio of 3.58% suggests strong financial stability and minimal debt.
Overall, Friends of The Preston Academy Inc demonstrates a robust governance structure and a commitment to transparency, making it a reliable choice for donors looking to support a responsible nonprofit. There are no significant limitations noted in the data, highlighting the organization’s effective operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Preston Academy Inc legitimate?
Friends Of The Preston Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Preston Academy 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:
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Other Salaries and Wages: $0
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What is the mission statement of Friends Of The Preston Academy Inc?
Friends of the Preston Academy Inc's mission is centered around restoring and preserving the Preston Academy building. This non-profit organization, focused on education support, undertakes this mission through its restoration program. The primary goal is to safeguard the historical significance of the building, ensuring it continues to serve as a testament to the past. By doing so, they contribute to the preservation of educational heritage. The organization operates as a single entity, providing support in the field of education.
Who is the CEO of Friends Of The Preston Academy Inc?
Susan Miller is the President of Friends Of The Preston Academy Inc.
What is the revenue of Friends Of The Preston Academy Inc?
Friends Of The Preston Academy Inc's revenue in 2022 was $34,843.
Who are the executives of Friends Of The Preston Academy Inc and what are their salaries?
There 5 volunteers at Friends Of The Preston Academy Inc.
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Where can I find the form 990 for Friends Of The Preston Academy Inc?
Friends Of The Preston Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Preston Academy Inc
Friends of the Preston Academy is a nonprofit organization with a mission to restore and preserve the Preston Academy building. This mission is carried out through their restoration program. As an education-focused organization, Friends of the Preston Academy is dedicated to preserving historical buildings and promoting educational value. Although the provided information does not detail the specific objectives or methods of their restoration program, it is clear that the organization is committed to protecting and revitalizing the Preston Academy building. By doing so, Friends of the Preston Academy contributes to the preservation of historical and educational resources, ensuring that future generations can benefit from their efforts.
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Impact
August, 2024
Friends of the Preston Academy Inc's impact is in the restoration and preservation of the historic Preston Academy building. Through their restoration program, they are able to maintain this important piece of history in Kingwood, WV. Their work not only helps to protect the architectural heritage of the area but also contributes to the cultural enrichment of the community. By focusing on preserving this significant building, Friends of the Preston Academy Inc ensures that future generations can learn from and appreciate this historical landmark. Their efforts in restoration support the arts and education by maintaining a physical space that tells a story of the past and inspires future endeavors.
This information is meant to be a general summary of Friends Of The Preston Academy 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.
- Gross Receipts: $34,843
Assets and Liabilities:
- Total Assets: $558,356
- Total Liabilities: $20,000
- Net Assets: $538,356
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Organization Details
Founding Year
1997
Phone
(304) 777-4061Principal Officer
Susan Miller
Main Address
PO BOX 115, KINGWOOD, WV, 26537
NTEE Category
Code: A99 - Arts
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