Overview
What is New Orleans School Facility Finance Foundation Inc?
New Orleans School Facility Finance Foundation Inc is a nonprofit organization situated in the heart of New Orleans, Louisiana, specifically at 909 Poydras Street Suite 1200. Their primary objective is to facilitate financing arrangements for the improvement and development of public and charter schools, as well as school property, within the Parish of New Orleans, Louisiana. This encompasses planning, renovation, construction, leasing, subleasing, managing, and enhancing these facilities. The foundation serves as a vital partner in ensuring the optimal educational environment for students in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The New Orleans School Facility Finance Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement. The organization has performed well in some areas such as having a fully independent board and maintaining a strong program expense ratio, suggesting that it allocates all of its expenses directly to its programs. However, it has significant shortcomings in transparency and governance, as evidenced by a lack of financial statements and missing essential policies.
While the organization has demonstrated a low liabilities to assets ratio, confirming financial stability, it falls short in providing accessible information to the public. Key documents such as tax forms and various governance policies, including conflict of interest and whistleblower policies, are absent, which detracts from overall accountability. This lack of transparency may raise concerns among potential donors regarding the foundation's operations and decision-making processes.
The foundation does show a commitment to its mission through its program expense ratio, indicating effective use of funds. However, to enhance its credibility and trustworthiness, the organization would benefit from addressing its governance gaps and improving its public documentation. Overall, while there are strengths to recognize, the areas needing attention are critical for future growth and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is New Orleans School Facility Finance Foundation Inc legitimate?
New Orleans School Facility Finance Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Orleans School Facility Finance 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.
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 New Orleans School Facility Finance Foundation Inc?
The New Orleans School Facility Finance Foundation Inc's mission involves entering into financing agreements and arrangements for the planning, renovation, construction, leasing, subleasing, managing, and improving of public and/or charter schools and school property. This non-profit organization aims to contribute to the betterment of educational facilities within its operational area. The foundation's activities encompass various aspects of school property development, including renovation, construction, and management, to ultimately improve the learning environment for students.
Who is the CEO of New Orleans School Facility Finance Foundation Inc?
Wil Jacobs is the Chair of New Orleans School Facility Finance Foundation Inc.
What is the revenue of New Orleans School Facility Finance Foundation Inc?
New Orleans School Facility Finance Foundation Inc's revenue in 2022 was $1,335,542.
Who are the executives of New Orleans School Facility Finance Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 New Orleans School Facility Finance Foundation Inc?
New Orleans School Facility Finance Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Orleans School Facility Finance Foundation Inc
The New Orleans School Facility Finance Foundation Inc is dedicated to entering into various agreements and engaging in financing arrangements. Their primary goal is to facilitate the planning, renovation, construction, leasing, subleasing, managing, and improving of public and/or charter schools and school property. This nonprofit organization's mission is aimed at enhancing educational facilities within the community, providing an environment conducive to quality learning and development. By undertaking these financing arrangements, the Foundation aims to contribute positively to the education sector, ultimately benefiting the students and communities served.
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Impact
July, 2024
New Orleans School Facility Finance Foundation Inc's impact is significant in facilitating the planning, renovation, construction, leasing, subleasing, managing, and improving of public and charter schools and school property within the Parish of New Orleans, Louisiana. Through their agreements and financing arrangements, they play a crucial role in ensuring that educational institutions in the area have the necessary infrastructure and resources to provide quality education to students. This directly contributes to the development and enhancement of the education sector in New Orleans, ultimately benefiting the local community and its future generations.
This information is meant to be a general summary of New Orleans School Facility Finance 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 2022.
- Gross Receipts: $1,335,542
Assets and Liabilities:
- Total Assets: $101,442,783
- Total Liabilities: $28,884,486
- Net Assets: $72,558,297
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Organization Details
Founding Year
2013
Phone
(504) 373-6200Principal Officer
Wil Jacobs
Main Address
909 POYDRAS STREET SUITE 1200, NEW ORLEANS, LA, 70112
NTEE Category
Code: B12 - Education
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