Overview
What is The Florida Charter Educational Foundation Inc?
The Florida Charter Educational Foundation Inc, located in Fort Lauderdale, Florida, is a nonprofit organization with a mission to operate several charter schools across the state. Specifically, they manage Clay Charter Academy in Clay County, Keys Gate Charter School in Miami-Dade County, Henderson Hammock Charter School, Winthrop Charter School, and Woodmont Charter School, all in Hillsborough County. Their educational services cater to students from kindergarten to eighth grade. The foundation plays a crucial role in providing quality education to children in various Florida counties.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Florida Charter Educational Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement with a score of 71%. The organization shows strong performance in several areas, including a 100% independent board and a solid program expense ratio of 73.02%, suggesting a focus on program activities over administrative costs.
However, there are notable weaknesses in the organization's accountability and financial transparency. Key policies such as a whistleblower policy and document retention guidelines are missing, which could affect oversight and governance. Additionally, the high liabilities to assets ratio of 103.54% raises concerns about financial stability.
The foundation's commitment to independent governance is commendable, but attention to the highlighted areas of improvement is essential for enhancing overall performance and trust with stakeholders. Addressing the gaps in policies and financial practices will be crucial for future growth and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is The Florida Charter Educational Foundation Inc legitimate?
The Florida Charter Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Florida Charter Educational 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,511,814
For more financial information, click here
What is the mission statement of The Florida Charter Educational Foundation Inc?
The Florida Charter Educational Foundation Inc operates several charter schools: Clay Charter Academy, Keys Gate Charter School, Henderson Hammock Charter School, Winthrop Charter School, and Woodmont Charter School. Among them, Keys Gate Charter School offers education services to students from kindergarten through eighth grade. The foundation's mission revolves around providing quality education, likely in a charter school setting, to students across multiple locations in Florida. Its efforts focus on ensuring students receive a well-rounded education despite their geographical location, be it in Clay, Miami-Dade, or Hillsborough County.
Who is the CEO of The Florida Charter Educational Foundation Inc?
Valora Cole is the Chair of The Florida Charter Educational Foundation Inc.
What is the revenue of The Florida Charter Educational Foundation Inc?
The Florida Charter Educational Foundation Inc's revenue in 2022 was $102,486,077.
Who are the executives of The Florida Charter Educational Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Florida Charter Educational Foundation Inc?
The Florida Charter Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Florida Charter Educational Foundation Inc
The Florida Charter Educational Foundation, a notable nonprofit organization, is dedicated to operating several charter schools. These include Clay Charter Academy, Keys Gate Charter School, Henderson Hammock Charter School, Winthrop Charter School, and Woodmont Charter School. Each school caters to students in different counties across Florida, with Keys Gate Charter School serving kindergarten through eighth grade in Miami-Dade County.
The foundation's mission is to provide quality education through its charter schools. With a strong commitment to academic excellence, it operates various institutions across the state, offering opportunities for students in diverse regions. Keys Gate Charter School, specifically located in Miami-Dade County, plays a significant role in delivering education services to students from kindergarten through eighth grade.
The Florida Charter Educational Foundation's schools are dedicated to nurturing young minds and fostering their growth. By providing education services, these institutions aim to help students build a strong academic foundation, prepare them for future success, and make a positive impact on their communities. The organization's unwavering dedication to education and its commitment to serving students in different parts of Florida make it an essential player in the educational landscape of the state.
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Impact
October, 2024
The Florida Charter Educational Foundation Inc significantly enhances educational opportunities in various communities through the operation of multiple charter schools. By managing institutions like Clay Charter Academy in Clay County, Keys Gate Charter School in Miami-Dade County, and Henderson Hammock, Winthrop, and Woodmont Charter Schools in Hillsborough County, the foundation plays a crucial role in providing quality education for kindergarten through eighth-grade students.
These schools emphasize innovative teaching methods and cater to diverse student needs, fostering an environment that promotes academic achievement and personal growth. The foundation’s impact extends beyond the classroom, as it actively engages with families and communities, creating a supportive network that encourages student success. By focusing on education within these regions, The Florida Charter Educational Foundation Inc helps shape a brighter future for students, equipping them with the skills and knowledge necessary to thrive in a competitive world.
This information is meant to be a general summary of The Florida Charter Educational 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.
- Investment Income: -$27,971
- Program Service Revenue: $89,433,984
- Gross Receipts: $177,144,851
Assets and Liabilities:
- Total Assets: $192,676,238
- Total Liabilities: $195,517,237
- Net Assets: -$2,840,999
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$87,240,831
BEFORE AND AFTER CARE
Revenue
$2,084,832
FOOD SERVICES
Revenue
$108,321
Organization Details
Founding Year
2000
Phone
(954) 202-3500Principal Officer
Valora Cole
Main Address
800 CORPORATE DRIVE 124, FT LAUDERDALE, FL, 33334
NTEE Category
Code: B20 - Education
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