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Channel Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464372812 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Channel Education Foundation Inc?

The Channel Education Foundation Inc is a nonprofit organization dedicated to aiding local schools and educational institutions by empowering their stakeholders, such as parents, teachers, staff, and students, to effectively connect and collaborate with their communities. This is achieved through assisting in the communication of specific projects and needs. The foundation provides financial assistance to beneficiaries with the ultimate goal of enhancing education.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 66% (Two-Star out of Four Star rating)

Channel Education Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and finance. The organization demonstrates strength in governance, with a fully independent board and no material diversion of assets, which contributes positively to its score. However, the charity's overall rating reflects some weaknesses, particularly in the transparency of financial documents, as key policies and tax forms are missing from its website.

The charity excels in its program expenditure, with an impressive program expense ratio of 96.34%, suggesting that the majority of its resources are directed toward its mission rather than administrative costs. Nonetheless, the liabilities to assets ratio stands at 58.91%, which points to potential concerns regarding its financial obligations relative to its assets. This imbalance may affect the charity's long-term sustainability and financial stability.

Additionally, the lack of critical policies, such as a conflict of interest policy and a whistleblower policy, further detracts from the organization’s accountability score. These missing elements can impact donor confidence and overall organizational integrity, highlighting areas that require immediate attention to enhance transparency and trustworthiness in operations.


This AI summary has been generated from information found on Charity Navigator.

Is Channel Education Foundation Inc legitimate?

Channel Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Channel Education Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Channel Education Foundation Inc?

The Channel Education Foundation's mission is centered around assisting local schools and educational organizations. It aims to facilitate effective communication and engagement between school stakeholders, such as parents, teachers, and students, and their communities, particularly in relation to specific projects and needs. To accomplish this, the foundation provides financial grants to beneficiaries, with the ultimate goal of enhancing education.

Who is the CEO of Channel Education Foundation Inc?

Aaron Lapat is the Treasurer of Channel Education Foundation Inc.

What is the revenue of Channel Education Foundation Inc?

Channel Education Foundation Inc's revenue in 2022 was $71,137.

Who are the executives of Channel Education Foundation Inc and what are their salaries?


Here are 3 key members and their salaries:


Raphael N Musher (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Lapat (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Plaks (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Channel Education Foundation Inc?

Channel Education Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Channel Education Foundation Inc

The Channel Education Foundation is dedicated to aiding local schools and educational organizations by facilitating better communication and engagement between school stakeholders, such as parents, teachers, staff, and students. The organization's primary mission is to provide financial assistance to these beneficiaries, with the ultimate goal of enhancing the effectiveness and efficiency of their educational projects and initiatives. By offering grants, the Channel Education Foundation seeks to improve the overall educational landscape within the communities it serves.

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Impact




August, 2024

Channel Education Foundation Inc's impact can be seen in the significant support it provides to local schools and school organizations in New York. By helping stakeholders such as parents, teachers, staff, and students effectively communicate and engage with their communities, the organization plays a crucial role in improving education in the area. Through the grants it awards, Channel Education Foundation Inc is able to fund projects that enhance the quality of education and create positive outcomes for students and the community as a whole. This results in a tangible and lasting impact on the educational landscape of the region.




This information is meant to be a general summary of Channel Education 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.

Revenue
$71,137 (2022)
Expenses
$90,168 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $71,137

Assets and Liabilities:

  • Total Assets: $7,019
  • Total Liabilities: $0
  • Net Assets: $7,019

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Organization Details

Principal Officer

Aaron Lapat

Main Address

600 THIRD AVENUE 1202, NEW YORK, NY, 10016

NTEE Category

Code: B19 - Education

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