Overview
What is Texas Charter School Development?
Texas Charter School Development is a nonprofit organization, headquartered in Los Angeles, California. Their primary mission is to provide long-term, affordable facility solutions, thereby increasing the accessibility of high-quality charter schools for underserved students. To accomplish this, they support the mission of the Public Charter School Development Corporation (PCSD), aiding in the provision of sustainable facility solutions. Their work ultimately aims to enhance educational opportunities for students in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66%)
Texas Charter School Development has received a Two-Star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. The accountability and finance score is 65, which suggests that while some practices are in place, there is significant room for enhancement in financial transparency and governance.
Strengths of the organization include a strong independent board, with 85% of its members being independent, and a robust program expense ratio of 100%, indicating that all funds are directed towards its charitable mission. Additionally, the organization has well-defined conflict of interest policies and maintains documented board meeting minutes, which contributes positively to its governance framework.
However, notable limitations are present, particularly regarding the absence of a whistleblower policy and a document retention and destruction policy, both of which received low scores. These gaps may pose risks to the organization's accountability and operational integrity. Overall, while Texas Charter School Development demonstrates strengths in certain areas, addressing its weaknesses is crucial for improving its overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Charter School Development legitimate?
Texas Charter School Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Charter School Development 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: $0
For more financial information, click here
What is the mission statement of Texas Charter School Development?
Texas Charter School Development's mission is centered around supporting a particular charter school district's objective. This mission aims to provide long-term, affordable facility solutions. By doing so, it seeks to increase the accessibility of high-quality charter schools for underserved students. This organization's activities are geared towards enhancing the availability of these educational opportunities for students who may not have had them otherwise.
Who is the CEO of Texas Charter School Development?
John Sun is the CEO of Texas Charter School Development The CEO's salary of Texas Charter School Development is $0 and their total compensation is $376,776.
What is the revenue of Texas Charter School Development?
Texas Charter School Development's revenue in 2023 was $1,655,471.
Who are the executives of Texas Charter School Development and what are their salaries?
There 6 volunteers at Texas Charter School Development.
Here are 9 key members and their salaries (Texas Charter School Development's CEO's salary is $0 and their total compensation is $376,776):
- Compensation: $0
- Related: $344,010
- Other: $32,766
- Compensation: $0
- Related: $212,689
- Other: $30,684
- Compensation: $0
- Related: $204,567
- Other: $23,106
- Compensation: $0
- Related: $154,740
- Other: $19,695
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Texas Charter School Development?
Texas Charter School Development's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Texas Charter School Development
Texas Charter School Development, a supporting organization, is dedicated to furthering the mission of PCSD. This mission is centered around providing long-term, affordable facilities solutions. The primary goal is to increase the accessibility of top-tier charter schools for underserved students. By offering such solutions, Texas Charter School Development plays a crucial role in expanding the availability of high-quality educational opportunities for those who may otherwise be overlooked. This commitment to affordability and accessibility is pivotal in fostering a more equitable educational landscape.
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Impact
October, 2024
Texas Charter School Development plays a significant role in enhancing educational opportunities for underserved students by providing long-term affordable facilities solutions. This support helps to increase the availability of high-quality charter schools, which are crucial for communities that often lack adequate educational resources. By focusing on long-term facility solutions, Texas Charter School Development ensures that these charter schools can establish a stable and conducive learning environment. This ultimately contributes to better educational outcomes and greater access to quality education for students in need.
This information is meant to be a general summary of Texas Charter School Development. 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: $56,650
- Program Service Revenue: $1,598,821
- Gross Receipts: $1,655,471
Assets and Liabilities:
- Total Assets: $3,000,710
- Total Liabilities: $4,000,000
- Net Assets: -$999,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INV LOSS ON NOTES REC.
Revenue
-$47,875
MGMT & CONSULTING FEES
Revenue
$915,000
RENTAL INCOME
Revenue
$731,696
Organization Details
Founding Year
2014
Principal Officer
John Sun
NTEE Category
Code: B90 - Education
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