Overview
What is North Carolina Charter Educational Foundation Inc?
North Carolina Charter Educational Foundation is a North Carolina-based nonprofit organization, headed by esteemed leaders in the state, dedicated to providing quality educational options for the students and families of North Carolina. With a team of 543 employees, the foundation manages four publicly funded charter schools in the state, catering to approximately 3,600 students during the fiscal year ended on June 30, 2022. The foundation is exclusively focused on educational purposes and is committed to delivering high-quality education to the students and families of North Carolina.
Official website here: www.nccharterfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The North Carolina Charter Educational Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization has a fully independent board and demonstrates strong oversight in financial auditing, there are critical weaknesses in areas such as whistleblower policy and transparency regarding financial documents.
The foundation scored well on several accountability metrics, including conflict of interest policies and board meeting minutes being documented. However, the absence of a whistleblower policy raises concerns about governance and internal checks. Additionally, the organization's liabilities exceed its assets, which could pose financial stability issues in the long run.
Despite a reasonable program expense ratio, the overall financial picture suggests the need for better management practices and transparency. The foundation's commitment to independent oversight is commendable, but addressing the highlighted shortcomings will be essential for enhancing its credibility and effectiveness in serving its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Charter Educational Foundation Inc legitimate?
North Carolina Charter Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Charter Educational 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,212,083
For more financial information, click here
Official website here: www.nccharterfoundation.org
What is the mission statement of North Carolina Charter Educational Foundation Inc?
The North Carolina Charter Educational Foundation is a North Carolina-based non-profit organization dedicated solely to educational purposes. The foundation is composed of esteemed leaders in the state, who are committed to offering top-tier educational options for North Carolina students and their families. The organization operates four publicly funded charter schools in North Carolina, serving approximately 3,600 students during the fiscal year ending on June 30, 2022. Their mission is to provide high-quality educational alternatives, ensuring a positive impact on the futures of the students they serve.
Official website here: www.nccharterfoundation.org
Who is the CEO of North Carolina Charter Educational Foundation Inc?
Martin Conway is the Vice Preside of North Carolina Charter Educational Foundation Inc.
Official website here: www.nccharterfoundation.org
What is the revenue of North Carolina Charter Educational Foundation Inc?
North Carolina Charter Educational Foundation Inc's revenue in 2022 was $37,909,289.
Official website here: www.nccharterfoundation.org
Who are the executives of North Carolina Charter Educational Foundation Inc and what are their salaries?
The average compensation at North Carolina Charter Educational Foundation Inc during 2022 was $29,857. There are 543 employees and 482 volunteers at North Carolina Charter Educational Foundation Inc.
Here are 7 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nccharterfoundation.org
Where can I find the form 990 for North Carolina Charter Educational Foundation Inc?
North Carolina Charter Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nccharterfoundation.org
Learn more at the official website: www.nccharterfoundation.org
Mission Statement of North Carolina Charter Educational Foundation Inc
The North Carolina Charter Educational Foundation is a North Carolina-based not-for-profit organization, comprised of esteemed leaders, dedicated to offering exceptional educational opportunities for the students and families of North Carolina. The Foundation, which is exclusively focused on education, is home to respected individuals who are committed to delivering top-tier educational options within the state.
In practice, the North Carolina Charter Educational Foundation manages four publicly-funded charter schools across North Carolina, serving around 3,600 students during the fiscal year ended on June 30, 2022. These schools provide high-quality education to students, catering to their unique needs and fostering an environment conducive to learning. The Foundation's unwavering commitment to education ensures that the students in its care receive the best possible opportunities for success.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
North Carolina Charter Educational Foundation Inc significantly enhances educational opportunities in the state by operating four publicly funded charter schools that serve approximately 3,600 students. Comprising respected leaders dedicated to educational excellence, the foundation focuses on providing high-quality educational choices tailored to the needs of North Carolina families. This commitment fosters a diverse and enriching learning environment, empowering students to succeed academically and develop essential life skills. The foundation's impact extends beyond the classrooms, contributing to the overall educational landscape and promoting community engagement and family involvement in the learning process.
This information is meant to be a general summary of North Carolina Charter Educational 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: $34,304
- Program Service Revenue: $426,838
- Gross Receipts: $46,276,732
Assets and Liabilities:
- Total Assets: $99,990,421
- Total Liabilities: $115,833,148
- Net Assets: -$15,842,727
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BEFORE AND AFTER CARE
Revenue
$422,701
FOOD SERVICE
Revenue
$4,137
Organization Details
Founding Year
2012
Phone
(704) 910-8499Principal Officer
Martin Conway
Main Address
154 FOUNDATION CT, MOORESVILLE, NC, 28117
Website
www.nccharterfoundation.orgNTEE Category
Code: B29 - Education
If you are a representative of North Carolina Charter Educational Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.