Overview
What is The Founders Academy Foundation?
The Founders Academy Foundation is a nonprofit organization situated in Manchester, New Hampshire. Their primary mission is to support the establishment of new charter schools and aid in the ongoing operations of existing charter schools within the state. This is achieved by offering below-market subsidized rental to a supported charter school, thereby contributing to their general operations. The foundation's activities extend beyond just financial support, as it also aims to foster the growth and success of charter schools in New Hampshire.
Is The Founders Academy Foundation legitimate?
The Founders Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Founders 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Founders Academy Foundation?
The Founders Academy Foundation's mission is centered around supporting the establishment of new charter schools and providing assistance to the ongoing operations of existing charter schools within a specific state. This organization aims to contribute to the general operations of these schools, as evidenced by its recent action of offering below-market subsidized rent to a supported charter school in the current year.
What is the revenue of The Founders Academy Foundation?
The Founders Academy Foundation's revenue in 2024 was -$47,267.
Who are the executives of The Founders Academy Foundation and what are their salaries?
There 5 volunteers at The Founders Academy Foundation.
Here are 5 key members and their salaries:
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Founders Academy Foundation?
The Founders Academy Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Founders Academy Foundation
The Founders Academy Foundation, a nonprofit organization, is dedicated to supporting the establishment of new charter schools and providing assistance to the ongoing operations of charter schools already in operation within New Hampshire. Their mission is to contribute to the general operations of these educational institutions, striving to ensure their success and effectiveness in delivering quality education to students. This year, they accomplished their mission by offering below-market subsidized rental to a supported charter school.
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Impact
October, 2024
The Founders Academy Foundation has made a significant impact by supporting the establishment and ongoing operations of charter schools in New Hampshire. Its efforts primarily focus on providing below-market subsidized rental options to charter schools, enabling them to allocate more resources toward educational initiatives and student services. This financial support helps create a stable environment for learning, fosters innovation in education, and promotes the growth of educational options in the state. By facilitating the development of new charter schools, the foundation contributes to a diverse educational landscape that benefits students, families, and communities across New Hampshire.
This information is meant to be a general summary of The Founders 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 2024.
- Gross Receipts: $188,396
Assets and Liabilities:
- Total Assets: $5,753,699
- Total Liabilities: $401,622
- Net Assets: $5,352,077
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Organization Details
Founding Year
2011
Principal Officer
Kimberly Lavallee
NTEE Category
Code: B112 - Education
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