Overview
What is The Crossnore School Children's Foundation?
The Crossnore School Children's Foundation is a nonprofit organization, established and functioning primarily for charitable and educational purposes. Situated in Crossnore, North Carolina, the foundation is dedicated to providing support and education to its community. The specifics of their activities and mission are not explicitly mentioned in the information provided, but the repetition of "charitable and educational purposes" suggests that their work focuses on bettering the lives and education of children and the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (58%)
The Crossnore School Children's Foundation has received a one-star rating from Charity Navigator, indicating significant concerns regarding its overall financial health and program efficiency. While the organization has demonstrated strong accountability and governance, such as having 100% independent board members and a solid conflict of interest policy, its financial metrics show room for improvement. The program expense ratio is notably low at 41.22%, which raises questions about the proportion of funds allocated directly to its mission-driven activities.
On the positive side, the foundation maintains comprehensive policies for audit oversight and asset management, with no reported material diversion of assets. Additionally, the organization is transparent about its financial operations as evidenced by the availability of its tax form on its website and access to board meeting minutes. These elements suggest a commitment to ethical practices and governance, which are crucial for donor trust.
However, the low liabilities to assets ratio and program expense ratio signal that a greater focus on programmatic spending is necessary to enhance its impact. Potential donors should consider these factors when evaluating the effectiveness of their investment in the foundation's mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Crossnore School Children's Foundation legitimate?
The Crossnore School Children's Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Crossnore School Children's 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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What is the mission statement of The Crossnore School Children's Foundation?
The Crossnore School Children's Foundation is established with a primary focus on charitable and educational pursuits. Their mission is aligned with this objective, as they operate exclusively for these purposes. The foundation is dedicated to contributing positively to its beneficiaries and the broader community through its charitable and educational activities. While specific details about the nature of these activities are not provided, it can be inferred that the foundation aims to make a meaningful impact in these areas.
What is the revenue of The Crossnore School Children's Foundation?
The Crossnore School Children's Foundation's revenue in 2023 was $4,510,488.
Who are the executives of The Crossnore School Children's Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for The Crossnore School Children's Foundation?
The Crossnore School Children's Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Crossnore School Children's Foundation
The Crossnore School Children's Foundation is a nonprofit organization that is dedicated to serving charitable and educational purposes. Its mission, as stated, is to operate exclusively for these two causes. The Foundation was established with the intention of making a positive impact in these areas, without specifying a particular location.
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Impact
October, 2024
The Crossnore School Children's Foundation has a significant impact on the lives of children in need, primarily through its commitment to charitable and educational initiatives. Located in Crossnore, North Carolina, the Foundation focuses on providing essential resources and support aimed at fostering the well-being and development of vulnerable youth. By prioritizing education and personal growth, it creates opportunities for children to gain the skills and knowledge necessary for a brighter future. Through its programs, the Foundation plays a vital role in transforming lives and empowering the next generation.
This information is meant to be a general summary of The Crossnore School Children's 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 2023.
- Investment Income: $4,510,488
- Gross Receipts: $4,510,488
Assets and Liabilities:
- Total Assets: $37,541,780
- Total Liabilities: $0
- Net Assets: $37,541,780
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Organization Details
Founding Year
2012
Principal Officer
Brett Loftis
NTEE Category
Code: B11 - Education
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