Overview
What is Open Gate Learning Foundation?
The Open Gate Learning Foundation is a nonprofit organization dedicated to providing educational facilities for charter schools. Specifically, they aim to acquire, develop, construct, and renovate properties to lease to Valley Preparatory Academy, Inc. for the operation of its charter school. Additionally, they offer facilities to Aspen Public Schools, Inc., a related organization, to facilitate the growth of charter schools. By doing so, the Open Gate Learning Foundation plays a crucial role in enhancing educational opportunities for students in these charter schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Star rating)
The Open Gate Learning Foundation has received a low rating of 39% from Charity Navigator, which is primarily based on its accountability and finance metrics. The organization struggles with independence and governance, as it has only 33% independent board members and just one independent member overall, impacting its accountability score significantly.
On a positive note, the foundation has established several governance policies, including conflict of interest and whistleblower policies, and it has an audit and oversight committee in place that scored full points. However, it faces serious issues with its financial ratios, particularly a liability-to-assets ratio of 99.45% and a program expense ratio of only 37.72%, which raises concerns about its operational effectiveness and financial health.
Moreover, Open Gate Learning Foundation has not made critical financial documents available on its website, as required, which further detracts from its transparency. The absence of documentation such as the tax form and website listing on the form reflects poorly on its communication and accountability practices, leading to the overall zero-star rating from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Open Gate Learning Foundation legitimate?
Open Gate Learning Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Gate Learning Foundation submitted a form 990EZ, 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 Open Gate Learning Foundation?
The Open Gate Learning Foundation's mission is centered around acquiring and developing school facilities. Specifically, it aims to lease these facilities to Valley Preparatory Academy, Inc., allowing them to operate their charter school. Furthermore, the foundation also provides school facilities for Aspen Public Schools, Inc., thereby facilitating the growth of charter schools. In essence, the Open Gate Learning Foundation is dedicated to supporting educational institutions by providing them with necessary facilities.
Who is the CEO of Open Gate Learning Foundation?
Michael Lee is the CEO of Open Gate Learning Foundation The CEO's salary of Open Gate Learning Foundation is $0 and their total compensation is $117,545.
What is the revenue of Open Gate Learning Foundation?
Open Gate Learning Foundation's revenue in 2024 was $1,337,444.
Who are the executives of Open Gate Learning Foundation and what are their salaries?
There 3 volunteers at Open Gate Learning Foundation.
Here are 3 key members and their salaries (Open Gate Learning Foundation's CEO's salary is $0 and their total compensation is $117,545):
- Compensation: $0
- Related: $90,863
- Other: $14,544
- Compensation: $0
- Related: $107,545
- Other: $10,000
- Compensation: $0
- Related: $28,266
- Other: $0
Where can I find the form 990 for Open Gate Learning Foundation?
Open Gate Learning Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Open Gate Learning Foundation
The Open Gate Learning Foundation's mission is centered around acquiring and developing school facilities. Specifically, it aims to purchase land, construct, renovate, or lease properties to Valley Preparatory Academy, Inc., allowing them to operate their charter school within these facilities. Additionally, the Open Gate Learning Foundation extends this service to Aspen Public Schools, Inc., providing them with necessary charter school facilities as well. The organization's primary goal is to facilitate the growth and development of charter schools, thereby contributing to the overall education sector.
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Impact
October, 2024
Open Gate Learning Foundation has made a significant impact on educational opportunities in Fresno, California, by facilitating the development of essential school facilities for charter schools. By acquiring, developing, constructing, and renovating properties designated for educational use, the foundation supports Valley Preparatory Academy, Inc. and its affiliated organization, Aspen Public Schools Inc.
Through these efforts, Open Gate Learning Foundation creates conducive learning environments that enhance the overall quality of education for students. By ensuring that charter schools have the necessary infrastructure, the foundation plays a crucial role in supporting innovative educational models that cater to the diverse needs of the community. This commitment to improving school facilities directly contributes to better educational outcomes, promoting academic success and fostering a vibrant learning atmosphere.
This information is meant to be a general summary of Open Gate Learning 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 2024.
- Investment Income: $195,181
- Program Service Revenue: $1,142,263
- Gross Receipts: $1,337,444
Assets and Liabilities:
- Total Assets: $198,647
- Total Liabilities: $0
- Net Assets: $198,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$1,142,263
Organization Details
Principal Officer
Michael Lee
NTEE Category
Code: B11 - Education
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