Overview
What is Erie Charter School Foundation?
The Erie Charter School Foundation is a nonprofit organization situated in Chicago, Illinois, with an address at 1405 N WASHTENAW AVENUE. Its primary mission is to raise funds for Erie Elementary Charter School. Through their main fundraising initiative, "Opening Doors," they successfully collected over $140,000. The foundation's purpose is to support the school financially, ensuring it has the resources needed to provide a quality education to its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
The Erie Charter School Foundation has received a two-star rating primarily for its accountability and finance, which scored 65%. The rating reflects positive aspects such as having an entirely independent board and no material diversion of assets, indicating a strong governance structure. However, it has notable weaknesses, including missing a whistleblower policy and a document retention and destruction policy, which are critical for transparency and operational integrity.
The foundation has a high program expense ratio of 93.57%, suggesting that a significant portion of its budget is directed toward its programs rather than administrative costs. Despite this, the liabilities to assets ratio is concerning at 93.01%, which may reflect potential financial instability. Additionally, the absence of the tax form on the nonprofit's website raises questions about accessibility and transparency for stakeholders.
Overall, while the Erie Charter School Foundation demonstrates strengths in board independence and program funding, it faces challenges in policy implementation and financial management. Improvements in these areas could enhance its rating and overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Erie Charter School Foundation legitimate?
Erie Charter School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie Charter School 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.
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 Erie Charter School Foundation?
The Erie Charter School Foundation was established with a mission to raise funds for Erie Elementary Charter School. This non-profit organization accomplishes this goal through their primary fundraising initiative, Opening Doors, which successfully raised over $140,000. The foundation's contributions aim to enhance the educational experience and resources for the students attending Erie Elementary Charter School. The foundation's activities are focused on securing financial support for the school, thereby contributing to its overall development and well-being.
Who is the CEO of Erie Charter School Foundation?
Marisol Martinez is the President of Erie Charter School Foundation.
What is the revenue of Erie Charter School Foundation?
Erie Charter School Foundation's revenue in 2022 was $140,543.
Who are the executives of Erie Charter School Foundation and what are their salaries?
There 4 volunteers at Erie Charter School Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $72,862
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Erie Charter School Foundation?
Erie Charter School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Erie Charter School Foundation
The Erie Charter School Foundation was established with a specific purpose: to conduct fundraising initiatives for the Erie Elementary Charter School. This nonprofit organization's mission is centered around raising financial support for the school, ensuring its continued growth and success. The primary fundraising initiative of the Erie Charter School Foundation is known as "Opening Doors." Through this initiative, the foundation successfully raised over $140,000, demonstrating its commitment and effectiveness in gathering financial resources for the school.
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Impact
October, 2024
The Erie Charter School Foundation has made a significant impact through its fundraising efforts for Erie Elementary Charter School. By launching its primary initiative, Opening Doors, the foundation successfully raised over $140,000. This financial support directly enhances educational resources and opportunities for students in Chicago, fostering a more enriched learning environment at the charter school. The foundation's commitment to education reflects a dedication to improving academic outcomes and supporting the diverse needs of students in the community.
This information is meant to be a general summary of Erie Charter School 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.
- Gross Receipts: $140,543
Assets and Liabilities:
- Total Assets: $38,499
- Total Liabilities: $51,431
- Net Assets: -$12,932
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Organization Details
Founding Year
2012
Phone
(773) 486-7161Principal Officer
Marisol Martinez
Main Address
1405 N WASHTENAW AVENUE, CHICAGO, IL, 60622
NTEE Category
Code: B11 - Education
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