Overview
What is Broadwater Academy Foundation?
The Broadwater Academy Foundation is a nonprofit organization, situated in Exmore, Virginia, with a specific mission. They primarily function to raise, manage, and distribute funds exclusively for the benefit of Broadwater Academy's students and the enhancement of their educational environment. This includes supporting program improvements, technological advancements, enhancing facilities, and providing scholarships for deserving students. Their main objective is to contribute to the overall betterment of Broadwater Academy, providing resources that enrich the academic experience for its students.
Official website here: www.broadwateracademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Broadwater Academy Foundation has received an 81% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization boasts an independent board comprising 100% independent members, and there are no noted material diversions of assets, showcasing strong governance practices. The foundation's liabilities to assets ratio is low at 6.78%, indicating a stable financial position.
Strengths of the Broadwater Academy Foundation include its high score in areas like board independence and transparency, with all required documents such as meeting minutes readily available. The foundation has strong program expense ratios, allocating 68.48% of its budget to programs, which is a positive indicator of its commitment to fulfilling its mission.
However, there are notable limitations, including the absence of a whistleblower policy and a document retention policy, which are critical for maintaining transparency and accountability. These missing elements could impact the organization's overall governance effectiveness and might warrant further attention to align with best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Broadwater Academy Foundation legitimate?
Broadwater Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadwater Academy Foundation 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.
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Official website here: www.broadwateracademy.org
What is the mission statement of Broadwater Academy Foundation?
The Broadwater Academy Foundation's mission is centered around raising, managing, and distributing funds solely for the benefit of the students at Broadwater Academy and the improvement of its education and environment. This encompasses various aspects such as program enhancements, technological improvements, facilities enrichment, and the provision of scholarships for students. The organization's primary goal is to support and uplift the educational experience of the students at Broadwater Academy.
Official website here: www.broadwateracademy.org
Who is the CEO of Broadwater Academy Foundation?
Steven M Belote is the Chair of Broadwater Academy Foundation.
Official website here: www.broadwateracademy.org
What is the revenue of Broadwater Academy Foundation?
Broadwater Academy Foundation's revenue in 2022 was $38,509.
Official website here: www.broadwateracademy.org
Who are the executives of Broadwater Academy Foundation and what are their salaries?
There 17 volunteers at Broadwater Academy Foundation.
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Official website here: www.broadwateracademy.org
Where can I find the form 990 for Broadwater Academy Foundation?
Broadwater Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.broadwateracademy.org
Learn more at the official website: www.broadwateracademy.org
Mission Statement of Broadwater Academy Foundation
The Broadwater Academy Foundation is an organization dedicated to supporting the students and education at Broadwater Academy. Their primary mission is to raise, manage, and distribute funds solely for the benefit of the academy's students and the improvement of its environment. This encompasses various aspects, such as program enhancements, technological improvements, and facilities enrichment. Furthermore, the foundation provides scholarships for students, aiming to make quality education more accessible. By doing so, the Broadwater Academy Foundation plays a significant role in fostering the growth and development of its students, ultimately contributing to the betterment of the academy's educational landscape.
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Impact
October, 2024
Broadwater Academy Foundation significantly enhances the educational experience for students at Broadwater Academy through targeted funding initiatives. By raising, managing, and distributing financial resources, the Foundation directly supports a range of critical areas, including scholarships, program enhancements, technological upgrades, and facilities enrichment.
The scholarships provided by the Foundation enable students to access quality education, fostering a diverse learning environment and ensuring that financial constraints do not hinder academic opportunities. Additionally, the funding for program enhancements and technological improvements equips students and teachers with modern tools and resources, enhancing the overall learning experience. Facilities enrichment initiatives create a better physical environment for education, promoting both safety and engagement in academic pursuits.
Overall, the impact of the Broadwater Academy Foundation is profound, as it not only improves the immediate educational landscape but also contributes to the long-term growth and success of students, preparing them for the challenges of the future.
This information is meant to be a general summary of Broadwater Academy Foundation. 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: $24,241
- Gross Receipts: $38,509
Assets and Liabilities:
- Total Assets: $1,533,258
- Total Liabilities: $115,687
- Net Assets: $1,417,571
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Organization Details
Founding Year
2012
Phone
(757) 442-9041Principal Officer
Steven M Belote
Main Address
PO BOX 546, EXMORE, VA, 23350
Website
www.broadwateracademy.orgNTEE Category
Code: B11 - Education
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