Overview
What is The New Common School Foundation?
The New Common School Foundation, based in Detroit, Michigan, is a dedicated nonprofit organization with a mission to establish a sustainable model of excellence for a new common school within a supportive community. This foundation has played a significant role in research, development, and creation of this innovative educational institution, aiming to serve all students. Additionally, it supports scholarship and learning opportunities for urban children, develops partnership programs to enrich children's education, purchases facilities for their use, and organizes fundraising events to aid grant-making and fund development in their mission areas. Currently, the foundation employs 14 individuals in its noble endeavor.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Two-Star out of Four Stars (70%) - Needs Improvement**
The New Common School Foundation holds a two-star rating from Charity Navigator, indicating areas that require significant improvement. The organization's score reflects a focus on accountability and finance, but fundamental aspects such as comprehensive financial statements and essential policies (whistleblower, document retention) are notably missing. While the foundation boasts a sufficiently independent board, the overall lack of transparency raises concerns about its governance.
Positive aspects include a high program expense ratio and efficient fundraising performance. The foundation demonstrates a solid commitment to its mission, as shown by a substantial portion of its funding coming from public or governmental support. Ultimately, however, its accountability mechanisms and financial reporting need attention to build trust with stakeholders and enhance organizational effectiveness.
Unfortunately, user reviews from GreatNonprofits could not be fetched, so no direct public sentiment is available. This gap in user feedback leaves a significant aspect of community perception unexamined, which could provide further insights into the foundation's operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The New Common School Foundation legitimate?
The New Common School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New Common School 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $570,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,222
For more financial information, click here
What is the mission statement of The New Common School Foundation?
The New Common School Foundation's mission is centered around establishing a sustainable model of excellence for a new common school within a wide, cherished, and dedicated community. Their goal is not only to establish this model but also to replicate it. The foundation has been instrumental in supporting research, development, creation, and maintenance of this new school for all students, providing scholarship and learning opportunities for urban children, and initiating partnership programs to enhance education for children. Additionally, they have invested in purchasing facilities and organizing fundraising events to aid in grant making and fund development, aligning with their mission objectives.
What is the revenue of The New Common School Foundation?
The New Common School Foundation's revenue in 2023 was $5,202,613.
Who are the executives of The New Common School Foundation and what are their salaries?
The average compensation at The New Common School Foundation during 2023 was $102,152. There are 9 employees and 2 volunteers at The New Common School Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $515,000
- Related: $0
- Other: $55,145
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $140,000
- Related: $0
- Other: $0
Where can I find the form 990 for The New Common School Foundation?
The New Common School Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The New Common School Foundation
The New Common School Foundation is committed to establishing a sustainable model of excellence for a new community school, aiming to cater to all students. The organization's primary mission is twofold: first, it seeks to build this model within a broad, devoted, and engaged community. Second, it aims to replicate this successful model. By achieving these goals, The Foundation aspires to create a positive impact on education, particularly for urban children, by providing them with scholarship and learning opportunities.
To achieve its mission, The New Common School Foundation engages in various activities. It conducts research, develops, creates, and supports a new common school, ensuring that it offers a high-quality education to all students. In addition, the foundation supports scholarship and learning opportunities for urban children, recognizing the importance of education in their lives. To further enrich the education of children, The Foundation develops partner programs, collaborating with other organizations to provide additional resources and experiences for students. Furthermore, The Foundation invests in facilities and organizes fundraising events to support its mission, ensuring that it has the necessary resources to achieve its goals.
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Impact
July, 2024
The New Common School Foundation has had a significant impact on education in Detroit and beyond. By building a sustainable model of excellence for a new common school and supporting scholarship and learning opportunities for urban children, the foundation has played a crucial role in improving educational outcomes for students. Additionally, through partner programs, facility acquisition, and fundraising events, the foundation has been able to enrich the education of children and support grant making and fund development in its mission areas. Overall, The New Common School Foundation's efforts have contributed to the creation of a nurturing and supportive educational environment for students, fostering a love for learning and academic success.
This information is meant to be a general summary of The New Common School 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: $297,373
- Program Service Revenue: $3,052,495
- Gross Receipts: $5,223,521
Assets and Liabilities:
- Total Assets: $44,389,188
- Total Liabilities: $10,039,776
- Net Assets: $34,349,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REV.
Revenue
$3,052,495
Organization Details
Founding Year
1996
Principal Officer
Clark Durant
NTEE Category
Code: B80 - Education
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