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Foundation For The Arts At The Core Of Education Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453700660 ✦ Swannanoa, NC ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For The Arts At The Core Of Education Inc?

The Foundation For The Arts At The Core Of Education Inc, located in Swannanoa, North Carolina, is a nonprofit organization with a mission to support a public charter school. They accomplish this by owning and leasing the real estate required to house the school and its facilities. The foundation's purpose is to ensure the continuity of educational programs for the public charter school, thereby contributing to the community's educational landscape.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82%, Three-Star out of Four Star rating.

The Foundation for the Arts at the Core of Education Inc has achieved a commendable score of 82%, reflecting strong accountability and financial practices. The organization benefits from a fully independent board, which enhances transparency and governance. Additionally, the charity has robust policies in place for conflict of interest, whistleblower protections, and document retention, showcasing its commitment to ethical standards.

While the organization excels in many areas, the liabilities to assets ratio at 65.48% indicates there may be some financial risk. However, the program expense ratio is impressive at 100%, suggesting that all funds are effectively directed towards its mission. Overall, this nonprofit demonstrates sound financial health and governance, with room for improvement in managing liabilities.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation For The Arts At The Core Of Education Inc legitimate?

Foundation For The Arts At The Core Of Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Arts At The Core Of Education Inc 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 Foundation For The Arts At The Core Of Education Inc?

The Foundation For The Arts At The Core Of Education Inc is committed to supporting a public charter school. Their primary mission involves owning real estate and leasing it to this educational institution. Their aim is to facilitate the school's ongoing programs and provide it with necessary facilities. In essence, the foundation's role is to contribute to the success and sustainability of the public charter school.

Who is the CEO of Foundation For The Arts At The Core Of Education Inc?

Esteve Coll-Larrosa is the Board Member of Foundation For The Arts At The Core Of Education Inc.

What is the revenue of Foundation For The Arts At The Core Of Education Inc?

Foundation For The Arts At The Core Of Education Inc's revenue in 2023 was $581,224.

Who are the executives of Foundation For The Arts At The Core Of Education Inc and what are their salaries?


Here are 6 key members and their salaries:


John Hall (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gretchen Brown (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lacy Cross (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Cornell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Esteve Coll-Larrosa (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarena Fuller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Foundation For The Arts At The Core Of Education Inc?

Foundation For The Arts At The Core Of Education Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Foundation For The Arts At The Core Of Education Inc

The Foundation for the Arts at the Core of Education Inc is committed to supporting a public charter school. At the heart of its mission, this nonprofit organization owns real estate and leases it to the school. This strategic approach allows the charter school to operate efficiently, ensuring it has a stable and suitable location for its students. In addition to providing real estate, the Foundation also supports ongoing programs for the school, contributing to its overall success and development. By housing the school and providing essential resources, the Foundation for the Arts at the Core of Education Inc plays a crucial role in fostering a conducive learning environment for the students attending the public charter school.

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Impact




July, 2024

The Foundation For the Arts At The Core Of Education Inc's impact lies in its support of a public charter school by owning real estate and leasing it to the school. This enables the school to have access to facilities and ongoing programs, enhancing the educational experience for students in SWANNANOA, NC.




This information is meant to be a general summary of Foundation For The Arts At The Core Of Education Inc. 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.

Revenue
$581,224 (2023)
Expenses
$253,479 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $30,518
  • Gross Receipts: $581,224

Assets and Liabilities:

  • Total Assets: $7,175,786
  • Total Liabilities: $4,700,000
  • Net Assets: $2,475,786

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Organization Details

Founding Year

2011

Principal Officer

Esteve Coll-Larrosa

Main Address

2030 US 70 Highway, Swannanoa, NC, 28778

NTEE Category

Code: B99 - Education

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