Overview
What is Mountain Island Charter School Soar Foundation?
The Mountain Island Charter School Soar Foundation is a nonprofit organization situated in Mount Holly, North Carolina, specifically at 13440 Lucia Riverbend Highway. Its primary mission is to support Mountain Island Charter School by providing financial assistance and facilitating the improvement of its educational programs and facilities. The foundation actively engages in fundraising initiatives to achieve this goal, aiming to continually enhance the educational experiences offered by the school.
Official website here: www.micssoar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Mountain Island Charter School Soar Foundation received a Two-Star rating from Charity Navigator, reflecting its average performance in accountability and finance. The foundation has a strong governance structure with 100% independent board members and a fully functional audit and oversight committee. However, it faces challenges in certain transparency and policy areas, particularly regarding the absence of a whistleblower policy and a document retention policy.
Financially, the foundation demonstrates notable strengths, with a high program expense ratio of 98.53%, indicating that most of its expenses go directly towards its programs. Nevertheless, the liabilities to assets ratio of 93.40% raises concerns about its financial health, suggesting that the organization may be encumbered by significant liabilities relative to its assets. This could impact its sustainability and ability to deliver services in the long term.
Additionally, while the foundation has effectively listed key documents like meeting minutes on its website, it has not provided its tax form online, which is a critical element for transparency. Addressing these gaps could enhance trust and accountability with stakeholders and the general public.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mountain Island Charter School Soar Foundation?
90% of 288 reviewers on Facebook recommend the Mountain Island Charter School Soar Foundation. The overall sentiment conveys a strong appreciation for the supportive and collaborative environment fostered by the teachers, staff, and parents. Many comments highlight the shared commitment to the students' success and development, suggesting a nurturing and community-focused atmosphere.
Reviewers consistently praise the dedication and passion of the educators, noting their effectiveness in enhancing the learning experience for students. This positive feedback indicates that the foundation is living up to its mission of creating a bright future for those it serves.
The combination of enthusiastic endorsements and heartfelt appreciation from the community showcases the foundation's ability to meet the needs of its students effectively. This strong community involvement is seen as a key factor in the organization's impact.
This AI summary has been generated from reviews found on Facebook.
Is Mountain Island Charter School Soar Foundation legitimate?
Mountain Island Charter School Soar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Island Charter School Soar 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
Official website here: www.micssoar.org
What is the mission statement of Mountain Island Charter School Soar Foundation?
The Mountain Island Charter School Soar Foundation's primary mission is to aid Mountain Island Charter School by providing financial support and facilitating the enhancement and ongoing improvement of its educational programs. The foundation accomplishes this goal by establishing and executing fundraising initiatives. By doing so, they contribute to the expansion of the school's educational capabilities, fostering a conducive learning environment for its students.
Official website here: www.micssoar.org
Who is the CEO of Mountain Island Charter School Soar Foundation?
Brett Rhinehardt is the Chair of Mountain Island Charter School Soar Foundation.
Official website here: www.micssoar.org
What is the revenue of Mountain Island Charter School Soar Foundation?
Mountain Island Charter School Soar Foundation's revenue in 2022 was $2,290,382.
Official website here: www.micssoar.org
Who are the executives of Mountain Island Charter School Soar Foundation and what are their salaries?
There 100 volunteers at Mountain Island Charter School Soar Foundation.
Here are 9 key members and their salaries:
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Official website here: www.micssoar.org
Where can I find the form 990 for Mountain Island Charter School Soar Foundation?
Mountain Island Charter School Soar Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.micssoar.org
Learn more at the official website: www.micssoar.org
Mission Statement of Mountain Island Charter School Soar Foundation
The Mountain Island Charter School Soar Foundation is established with a mission to aid Mountain Island Charter School. This mission involves providing financial support and facilitating the enhancement and ongoing improvement of the educational programs within the school. The foundation accomplishes this by implementing various fundraising initiatives. In essence, the Mountain Island Charter School Soar Foundation is dedicated to bolstering the educational capabilities of Mountain Island Charter School, ensuring a continuous learning environment for its students.
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Impact
July, 2024
Mountain Island Charter School Soar Foundation's impact can be seen in its continuous support of Mountain Island Charter School through financial assistance and the improvement of educational programs. By establishing fundraising initiatives, the foundation ensures that the school has the necessary resources to enhance its educational functions and facilities. Through its commitment to education, the foundation plays a vital role in fostering the growth and development of students at Mountain Island Charter School.
This information is meant to be a general summary of Mountain Island Charter School Soar 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.
- Investment Income: $2,432
- Program Service Revenue: $2,033,957
- Gross Receipts: $2,318,097
Assets and Liabilities:
- Total Assets: $34,289,732
- Total Liabilities: $31,931,851
- Net Assets: $2,357,881
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Facility
Revenue
$1,957,832
Transportation
Revenue
$76,125
Organization Details
Founding Year
2012
Phone
(704) 609-2307Principal Officer
Brett Rhinehardt
Main Address
13440 Lucia Riverbend Highway, Mount Holly, NC, 28120
Website
www.micssoar.orgNTEE Category
Code: B11 - Education
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