Overview
What is Charleston Educational Excellence Financing Corporation?
The Charleston Educational Excellence Financing Corporation is a nonprofit organization located at 75 Calhoun Street, Charleston, South Carolina, 29401. Its primary mission is to acquire, construct, finance, improve, maintain, operate, manage, lease, and dispose of school buildings and other public education facilities for the benefit of the Charleston County School District. Additionally, the corporation encourages and promotes public education through cooperative arrangements with governmental entities and other organizations exempt under Section 501(c)(3) of the Code, which provide public education in Charleston County, South Carolina. In fiscal year 2022, the corporation continued to assist the school district in servicing the debt on various district facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Charleston Educational Excellence Financing Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 71%. This rating reflects the organization's commitment to maintaining an independent board and effective financial oversight, as evidenced by its perfect scores in areas such as independent board members and financial statements oversight. However, several significant areas for improvement have been identified, particularly concerning governance policies.
Despite its strengths, the organization lacks essential policies, including a whistleblower policy and document retention and destruction guidelines, which may hinder its overall accountability framework. Additionally, the organization has not posted its tax forms on its website, which could limit transparency for potential donors and stakeholders. The liabilities to assets ratio raised concerns, with a score of 0 out of 15 points.
Overall, while the Charleston Educational Excellence Financing Corporation demonstrates strong financial management and governance in certain aspects, there are critical deficiencies in its policies and transparency efforts that need to be addressed to improve its standing and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Charleston Educational Excellence Financing Corporation legitimate?
Charleston Educational Excellence Financing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charleston Educational Excellence Financing Corporation 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
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What is the mission statement of Charleston Educational Excellence Financing Corporation?
The Charleston Educational Excellence Financing Corporation is a non-profit entity with a mission to support public education. Its primary purpose is to acquire, construct, finance, improve, maintain, operate, manage, lease, and dispose of school buildings and other public education facilities for the benefit of a local school district. In addition to these operational tasks, the corporation also promotes public education through cooperative arrangements with other organizations that provide education services, and are exempt under Section 501(C)(3) of the tax code. In essence, the Charleston Educational Excellence Financing Corporation aims to enhance the educational infrastructure and facilitate the provision of quality education in the community.
Who is the CEO of Charleston Educational Excellence Financing Corporation?
Jacquelyn Carlen is the Cfo of Charleston Educational Excellence Financing Corporation.
What is the revenue of Charleston Educational Excellence Financing Corporation?
Charleston Educational Excellence Financing Corporation's revenue in 2022 was $37,554,719.
Who are the executives of Charleston Educational Excellence Financing Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $198,761
- Other: $51,102
- Compensation: $0
- Related: $54,718
- Other: $37,516
- 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 Charleston Educational Excellence Financing Corporation?
Charleston Educational Excellence Financing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charleston Educational Excellence Financing Corporation
The Charleston Educational Excellence Financing Corporation, often referred to as CEEFC, is a mission-driven organization dedicated to acquiring, financing, improving, maintaining, operating, managing, leasing, and disposing of school buildings and other public education facilities for the benefit of the Charleston County School District. Established with a clear objective, CEEFC's primary role is to ensure the availability of quality educational infrastructure for students within the district.
In addition to its infrastructure development responsibilities, CEEFC is also committed to promoting public education in Charleston County, South Carolina. It achieves this by fostering cooperative arrangements with governmental entities and other 501(c)(3) organizations that provide public education in the area. By collaborating with these entities, CEEFC strengthens the educational ecosystem and supports the continuous improvement of educational services within the district.
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Impact
October, 2024
Charleston Educational Excellence Financing Corporation plays a vital role in supporting the Charleston County School District by facilitating the acquisition, financing, and maintenance of educational facilities. Its actions directly contribute to the improvement of public education infrastructure, ensuring that schools are well-equipped to provide quality learning environments for students.
In fiscal year 2022, the corporation continued its efforts to assist the district in managing and servicing debt on various facilities, which helps alleviate financial burdens and supports the district's operational needs. By focusing on the construction, leasing, and improvement of school buildings, the corporation not only enhances the physical resources available to educators and students but also promotes educational initiatives in the community.
Moreover, by fostering partnerships with governmental entities and organizations dedicated to public education, Charleston Educational Excellence Financing Corporation encourages collaborative efforts that maximize resources and strengthen the educational ecosystem in Charleston County. This multifaceted approach ultimately leads to a more robust and effective educational system, benefiting students and the broader community.
This information is meant to be a general summary of Charleston Educational Excellence Financing Corporation. 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: $2,295
- Program Service Revenue: $37,552,424
- Gross Receipts: $37,554,719
Assets and Liabilities:
- Total Assets: $445,444,768
- Total Liabilities: $445,444,768
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISTRICT FACILITY PAYMENTS
Revenue
$37,552,424
Organization Details
Founding Year
2004
Phone
(843) 566-8198Principal Officer
Jacquelyn Carlen
Main Address
75 CALHOUN STREET, CHARLESTON, SC, 29401
NTEE Category
Code: N40 - Recreation
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