Overview
What is Friends Of Northwest Brooklyn Inc?
Friends of Northwest Brooklyn Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 130 South Oxford Street, NY 11217. Their primary mission is to enhance the quality of public education in New York City by providing financial support for the development, formation, operation, and administration of charter schools. This includes the establishment and operation of Unity Preparatory Charter School of Brooklyn. By aiding in the creation and management of charter schools, Friends of Northwest Brooklyn Inc aims to expand educational opportunities for children in the city.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35%, Zero-Star out of Four Star rating.
Friends Of Northwest Brooklyn Inc has received a low rating due to significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. Additionally, key documents such as board meeting minutes and tax forms are missing from their website, which is a critical transparency issue.
Despite some strengths, like having a conflict of interest policy and whistleblower policy in place, the charity's overall financial health appears weak, as indicated by a high liabilities to assets ratio of 96.64%. Their program expense ratio is relatively low at 53.10%, suggesting that a smaller portion of their expenses is going towards program services compared to administrative costs.
Overall, the charity faces serious challenges that may hinder its effectiveness and trustworthiness. Prospective donors and supporters should exercise caution and thoroughly evaluate these factors before considering involvement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Northwest Brooklyn Inc legitimate?
Friends Of Northwest Brooklyn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Northwest Brooklyn 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 Friends Of Northwest Brooklyn Inc?
Friends of Northwest Brooklyn Inc's mission is centered around enhancing the quality of public education and the educational opportunities available to children in New York City. They achieve this by providing financial support to facilitate the development, formation, operation, and administration of charter schools within the city. Notably, they are actively involved in the establishment and operations of the Unity Preparatory Charter School of Brooklyn. Their aim is to contribute positively to the educational landscape of New York City's children.
Who is the CEO of Friends Of Northwest Brooklyn Inc?
Joshua Beauregard is the President of Friends Of Northwest Brooklyn Inc.
What is the revenue of Friends Of Northwest Brooklyn Inc?
Friends Of Northwest Brooklyn Inc's revenue in 2022 was $166,932.
Who are the executives of Friends Of Northwest Brooklyn Inc and what are their salaries?
There 2 volunteers at Friends Of Northwest Brooklyn Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $144,408
- Other: $17,449
- Compensation: $0
- Related: $122,482
- Other: $17,413
Where can I find the form 990 for Friends Of Northwest Brooklyn Inc?
Friends Of Northwest Brooklyn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Northwest Brooklyn Inc
Friends of Northwest Brooklyn Inc, as a nonprofit organization, is committed to enhancing the quality of public education and the educational opportunities available to children in New York City. They achieve this by providing financial support to aid in the development, formation, operation, and administration of charter schools within the city. A notable example of their work is the development and operations of the Unity Preparatory Charter School of Brooklyn. By offering this financial assistance, Friends of Northwest Brooklyn Inc plays a significant role in expanding and improving the educational landscape for young learners in New York City.
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Impact
October, 2024
Friends Of Northwest Brooklyn Inc significantly enhances the quality of public education for children in New York City by providing essential financial support for the development, formation, operation, and administration of charter schools. A key focus is the Unity Preparatory Charter School of Brooklyn, which thrives due to this backing. This organization plays a vital role in ensuring that educational opportunities are accessible and equitable, directly impacting the lives of students and families in the community. By investing in educational initiatives, it fosters a more enriched learning environment, contributing to the overall improvement of public education in the region.
This information is meant to be a general summary of Friends Of Northwest Brooklyn 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: $17,644
- Gross Receipts: $1,701,168
Assets and Liabilities:
- Total Assets: $32,925,912
- Total Liabilities: $31,821,315
- Net Assets: $1,104,597
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Organization Details
Founding Year
2011
Phone
(917) 584-0850Principal Officer
Joshua Beauregard
Main Address
130 SOUTH OXFORD STREET, BROOKLYN, NY, 11217
NTEE Category
Code: T30 - Philanthropy
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