Overview
What is Vance Charter School Foundation Inc?
Vance Charter School Foundation Inc is a nonprofit organization situated in Henderson, North Carolina. Their primary mission is to support Vance Charter School, a public charter school located within the state. To achieve this, they have undertaken an initiative to acquire land and construct a new school building for the institution. By doing so, they aim to contribute positively to the educational infrastructure and foster the growth of Vance Charter School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 60%, Two-Star out of Four Star rating
The Vance Charter School Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. With an overall score of 60%, key strengths include a fully independent board and a solid program expense ratio of 100%, suggesting that all expenses are directed towards programs that benefit the community.
Despite these strengths, the organization faces significant challenges, particularly in financial transparency. It received no points for financial statements, which indicates a lack of accessible financial documentation. Additionally, the liabilities to assets ratio is concerning at 88.76%, reflecting potential financial instability that may affect its operations and sustainability.
The foundation does have policies in place for conflict of interest and document retention, which are positive indicators of governance. However, the lack of financial reporting and high liabilities signal that stakeholders should approach with caution until improvements are made in these areas.
This AI summary has been generated from information found on Charity Navigator.
Is Vance Charter School Foundation Inc legitimate?
Vance Charter School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vance Charter School 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.
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What is the mission statement of Vance Charter School Foundation Inc?
The Vance Charter School Foundation Inc is committed to supporting a North Carolina public charter school, specifically by providing resources to facilitate the construction of a school building. Their mission is centered around enhancing the educational opportunities for students by contributing financially to the development of the school's infrastructure. Their primary objective is to ensure the school has a suitable learning environment, thereby contributing to the overall success of its students and academic programs.
Who is the CEO of Vance Charter School Foundation Inc?
Johnny Yount is the Board Member of Vance Charter School Foundation Inc.
What is the revenue of Vance Charter School Foundation Inc?
Vance Charter School Foundation Inc's revenue in 2023 was $757,369.
Who are the executives of Vance Charter School Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Vance Charter School Foundation Inc?
Vance Charter School Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Vance Charter School Foundation Inc
Vance Charter School Foundation Inc is an organization committed to supporting Vance Charter School, a public charter school in North Carolina. Their mission is to contribute to the school's success by proactively acquiring land and constructing a new school building. This initiative aims to provide a conducive learning environment for the students and faculty of Vance Charter School. By investing in the school's physical infrastructure, Vance Charter School Foundation Inc plays a vital role in enhancing the quality of education and fostering an environment conducive to academic growth and development.
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Impact
July, 2024
Vance Charter School Foundation Inc's impact lies in its steadfast support of Vance Charter School, a public charter school in North Carolina. By purchasing land and constructing a school building, the foundation plays a crucial role in creating a conducive learning environment for students. Through its dedicated efforts, the foundation contributes significantly to the educational landscape in Henderson, NC, ultimately facilitating the academic growth and development of young minds.
This information is meant to be a general summary of Vance Charter School 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 2023.
- Gross Receipts: $757,369
Assets and Liabilities:
- Total Assets: $11,440,777
- Total Liabilities: $10,155,806
- Net Assets: $1,284,971
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Organization Details
Founding Year
2011
Phone
(252) 431-0641Principal Officer
Johnny Yount
Main Address
2090 Ross Mill Road, Henderson, NC, 27537
NTEE Category
Code: B90 - Education
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