Overview
What is Bestprep?
Bestprep is a nonprofit organization situated in Brooklyn Park, Minnesota. Their primary focus is to equip Minnesota's students with essential skills for success in their future careers and lives. They accomplish this by connecting students with volunteer business mentors through weekly email exchanges. The program emphasizes the development of motivation, workplace skills, and career exploration. During the 2021-2022 school year, over 4,200 students and 116 teachers from 67 schools participated, with the support of over 3,500 volunteers and 62 companies. The organization's mission is to inspire success in work and life for Minnesota's students by fostering business, career, and financial literacy. Bestprep's team consists of 28 dedicated individuals.
Official website here: www.bestprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Bestprep has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong financial health and commitment to accountability. The organization scored 100% in both Accountability & Finance and Impact & Measurement, demonstrating its effective management of resources and successful outcomes for beneficiaries. In the most recent fiscal year, Bestprep provided services to 3,524 individuals, showcasing its significant community impact.
The organization exhibits noteworthy financial efficiency, with a program expense ratio of 84.83%, indicating that a large portion of its funds is directed towards its programs. Additionally, it maintains an excellent fundraising efficiency ratio of $0.07, suggesting that Bestprep is effective in raising funds with minimal costs. The organization's independent board of 58 members further strengthens its governance, ensuring oversight and integrity.
While Bestprep has achieved high scores in accountability, the data does not highlight any significant limitations or areas for improvement. Overall, the organization appears to be well-managed, transparent, and dedicated to making a positive impact in its community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Bestprep?
100% of 8 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
The feedback highlights a strong appreciation for Bestprep's impact on individuals' lives. Many users express satisfaction with how the organization has successfully helped empower and launch various lives through its programs. Reviewers emphasize the effectiveness and positive outcomes resulting from the organization's initiatives.
Overall, it's evident that the community holds Bestprep in high regard, showcasing a clear sentiment of trust and support for the services they offer.
This AI summary has been generated from reviews found on Facebook.
Is Bestprep legitimate?
Bestprep is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bestprep 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: $483,705
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,032,980
For more financial information, click here
Official website here: www.bestprep.org
What is the mission statement of Bestprep?
Bestprep's mission is geared towards preparing Minnesota students with a solid foundation in business, career, and financial literacy. They achieve this goal by providing experiential learning opportunities that foster success in both professional and personal life. The organization's flagship program, eMentors, plays a significant role in this mission. Through weekly email exchanges with volunteer business mentors, the program equips students with essential workplace skills, motivation, and career exploration insights. In the 2021-2022 academic year, over 4,200 students from 67 schools participated, with the support of over 3,500 volunteers. The program boasted 130 connections and involved 45,891 volunteer hours in 4,727 engagements, furthering its commitment to empowering Minnesota's youth.
Official website here: www.bestprep.org
Who is the CEO of Bestprep?
Robert Kaitz is the CEO of Bestprep The CEO's salary of Bestprep is $267,287 and their total compensation is $267,287.
Official website here: www.bestprep.org
What is the revenue of Bestprep?
Bestprep's revenue in 2024 was $2,653,478.
Official website here: www.bestprep.org
Who are the executives of Bestprep and what are their salaries?
The average compensation at Bestprep during 2024 was $36,112. There are 42 employees and 5000 volunteers at Bestprep.
Here are 61 key members and their salaries (Bestprep's CEO's salary is $267,287 and their total compensation is $267,287):
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Official website here: www.bestprep.org
Where can I find the form 990 for Bestprep?
Bestprep's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bestprep.org
Learn more at the official website: www.bestprep.org
Mission Statement of Bestprep
Bestprep, a nonprofit organization, is committed to preparing Minnesota students with essential skills in business, careers, and financial literacy. Their mission is to inspire success in both work and life by offering experiential learning opportunities. Through their eMentors program, they connect students with volunteer business mentors for weekly email exchanges. These exchanges focus on fostering motivation, honing workplace skills, and exploring career paths. During the 2021-2022 academic year, over 4,200 students and 116 teachers from 67 schools participated in this program. The initiative was supported by over 3,500 volunteers, with the help of 62 companies, contributing a total of 45,891 volunteer hours in 4,727 engagements. This collaborative effort empowers students with the necessary skills to thrive in their future careers and personal lives.
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Impact
July, 2024
Bestprep's impact lies in its ability to directly empower and equip Minnesota students with essential business, career, and financial literacy skills. Through its eMentors program, students are connected with volunteer business mentors who provide guidance, motivation, workplace skills, and career exploration through weekly email exchanges. This direct mentorship not only prepares students for success in school and their future careers but also instills valuable life skills that are crucial for navigating the professional world. In the 2021-2022 school year, over 4,000 students and 116 teachers from 67 schools participated in this program, supported by a network of over 3,500 volunteers from 62 companies who collectively contributed nearly 46,000 volunteer hours. This demonstrates the significant impact that Bestprep has in empowering students and bridging the gap between education and real-world success.
This information is meant to be a general summary of Bestprep. 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 2024.
- Investment Income: $104,529
- Program Service Revenue: $34,547
- Gross Receipts: $2,916,290
Assets and Liabilities:
- Total Assets: $1,818,890
- Total Liabilities: $182,872
- Net Assets: $1,636,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TEACHER AND STUDENT FE
Revenue
$34,547
Organization Details
Founding Year
1976
Principal Officer
Robert H Kaitz
Website
www.bestprep.orgNTEE Category
Code: B80 - Education
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