Overview
What is Discovery Health Sciences Foundation Inc?
Discovery Health Sciences Foundation Inc is a nonprofit organization based in Metairie, Louisiana, with an address at 2504 Maine Ave, ZIP code 70003. Established in 2013, it operates Discovery Charter Schools, which are open-enrollment Type 1 charter schools authorized by Jefferson Parish Public School System. These schools offer a free public education tailored to individual students' needs and have grown into a successful and popular charter school network. The foundation's mission is to provide a rigorous learning environment, inspiring students to excel academically, foster intellectual curiosity, and practice environmental responsibility while exploring health and science topics and careers. Currently, the organization employs approximately 456 individuals.
Official website here: www.discoveryhsf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56% (One-Star out of Four Star rating)
Discovery Health Sciences Foundation Inc has received a One-Star rating from Charity Navigator, indicating potential concerns regarding its overall financial health and transparency. While the organization demonstrates strong governance practices, such as having a fully independent board and robust audit oversight, its financial performance reflects significant weaknesses, particularly in its program expense ratio and liabilities to assets ratio.
The foundation's accountability measures are commendable, with all board members being independent and various policies in place to ensure ethical governance. However, despite these strengths, the organization struggles with transparency as it has not posted its tax form on the website, which is a critical element for public trust and accountability.
Additionally, the program expense ratio of nearly 50% suggests that less than half of its expenditures are directed toward its mission-related activities, raising questions about the efficiency of its fund allocation. Overall, while there are positives in governance and oversight, the financial indicators warrant caution for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Discovery Health Sciences Foundation Inc legitimate?
Discovery Health Sciences Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Discovery Health Sciences Foundation 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: $461,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,094,735
For more financial information, click here
Official website here: www.discoveryhsf.org
What is the mission statement of Discovery Health Sciences Foundation Inc?
Discovery Health Sciences Foundation aims to provide a rigorous learning environment that enables students to achieve academically, foster intellectual curiosity, and practice environmental responsibility as they delve into health and science topics and potential careers. The foundation's mission is geared towards creating an adaptable educational experience that caters to individual students' needs. Since its inception in 2013, it has grown into a successful and in-demand charter school network. Initially serving a few hundred students in pre-K to 3rd, 5th, and 6th grades, it now caters to over 2,000 students across grades pre-K to 12.
Official website here: www.discoveryhsf.org
Who is the CEO of Discovery Health Sciences Foundation Inc?
Patty Glaser is the Principal Officer of Discovery Health Sciences Foundation Inc. The CEO's salary of Discovery Health Sciences Foundation Inc is $246,859 and their total compensation is $287,017.
Official website here: www.discoveryhsf.org
What is the revenue of Discovery Health Sciences Foundation Inc?
Discovery Health Sciences Foundation Inc's revenue in 2022 was $39,738,669.
Official website here: www.discoveryhsf.org
Who are the executives of Discovery Health Sciences Foundation Inc and what are their salaries?
The average compensation at Discovery Health Sciences Foundation Inc during 2022 was $38,502. There are 456 employees and 150 volunteers at Discovery Health Sciences Foundation Inc.
Here are 18 key members and their salaries (Discovery Health Sciences Foundation Inc's CEO's salary is $246,859 and their total compensation is $287,017):
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- Compensation: $246,859
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- Other: $5,977
Official website here: www.discoveryhsf.org
Where can I find the form 990 for Discovery Health Sciences Foundation Inc?
Discovery Health Sciences Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.discoveryhsf.org
Learn more at the official website: www.discoveryhsf.org
Mission Statement of Discovery Health Sciences Foundation Inc
Discovery Health Sciences Foundation, a nonprofit organization, is dedicated to creating an academically rigorous learning environment where students thrive and develop intellectual curiosity. The Foundation encourages students to explore health and science topics and careers while practicing environmental responsibility. In this nurturing atmosphere, students are inspired to achieve academically and cultivate a sense of inquiry. Through Discovery Charter Schools, an open-enrollment charter school network, students receive the flexibility needed to adapt to their individual educational needs. Founded in 2013, the Foundation has grown from humble beginnings into a successful and sought-after charter school network. With its mission to provide an engaging and rigorous educational experience, Discovery Health Sciences Foundation has served the families of Jefferson Parish since its inception. With a strong commitment to education, the Foundation has expanded over the years, offering education to over 2,000 students in grades Pre-K to 12th.
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Impact
October, 2024
Discovery Health Sciences Foundation Inc significantly impacts the educational landscape in Jefferson Parish, Louisiana, by providing a rigorous learning environment focused on health and science. It fosters academic achievement and intellectual curiosity among students, encouraging them to explore various health and science careers.
Since its inception in 2013, the foundation has grown from serving 420 students to over 2,000 students across grades Pre-K through 12. This growth reflects a strong community demand for quality education tailored to individual student needs. The schools under its umbrella, such as the Kenner Discovery Health Sciences Academy, emphasize both academic excellence and environmental responsibility, enriching students' educational experiences.
Through open enrollment and a flexible curriculum, the foundation caters to the diverse educational needs of its students, promoting inclusivity and accessibility in public education. By focusing on health sciences, it not only equips students with knowledge and skills but also inspires the next generation of professionals in critical fields that contribute to societal well-being.
This information is meant to be a general summary of Discovery Health Sciences Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,932
- Program Service Revenue: $920,591
- Gross Receipts: $39,767,870
Assets and Liabilities:
- Total Assets: $17,024,478
- Total Liabilities: $2,722,756
- Net Assets: $14,301,722
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ACTIVITIES AND FEES
Revenue
$690,584
TUITION
Revenue
$230,007
Organization Details
Founding Year
2011
Phone
(504) 233-4720Principal Officer
Patty Glaser
Main Address
2504 MAINE AVE, METAIRIE, LA, 70003
Website
www.discoveryhsf.orgNTEE Category
Code: B29 - Education
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