Overview
What is Cresthaven Academy Foundation Inc?
Cresthaven Academy Foundation Inc, established with a base in Warren, New Jersey (16 MT BETHEL ROAD PMB367), is a nonprofit organization primarily dedicated to supporting and enhancing the educational and charitable mission of Cresthaven Academy Charter School, a public institution based in New Jersey. The foundation aims to contribute financially and technically, with the ultimate goal of improving the quality of education for children in Plainfield, New Jersey, and surrounding communities. With a dedicated workforce of 31 individuals, the foundation's activities are focused on furthering its mission and supporting the Cresthaven Academy in its educational endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Cresthaven Academy Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid overall performance primarily based on its accountability and finance metrics. The charity has a commendable accountability and finance score of 79%, indicating a strong commitment to transparent financial practices and responsible management.
The organization excels in several key areas, notably having an entirely independent board and consistently high scores in financial audits and conflict of interest policies. With a program expense ratio of 86.13%, it demonstrates a focus on directing a significant portion of its funds towards its programs, which is a positive sign for stakeholders concerned about efficient fund utilization.
However, the foundation faces challenges with its liabilities to assets ratio, scoring 0 out of 15 points in this area. This suggests potential concerns regarding its financial obligations relative to its assets, which may impact its long-term financial health if not addressed. Overall, while the foundation shows strong accountability, monitoring its financial liabilities will be crucial for sustained performance.
This AI summary has been generated from information found on Charity Navigator.
Is Cresthaven Academy Foundation Inc legitimate?
Cresthaven Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cresthaven Academy 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
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What is the mission statement of Cresthaven Academy Foundation Inc?
The Cresthaven Academy Foundation Inc's mission is centered around supporting an educational institution, with the aim of enhancing its mission and improving the quality of education for children in its local community and surrounding areas. Specifically, this foundation provides financial and technical assistance to Cresthaven Academy Charter School, a public charter school, furthering its educational and charitable mission. The foundation's goal is to contribute to the overall improvement of the educational experience for the children served by this school.
What is the revenue of Cresthaven Academy Foundation Inc?
Cresthaven Academy Foundation Inc's revenue in 2024 was $668,662.
Who are the executives of Cresthaven Academy Foundation Inc and what are their salaries?
The average compensation at Cresthaven Academy Foundation Inc during 2024 was $12,947.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Cresthaven Academy Foundation Inc?
Cresthaven Academy Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Cresthaven Academy Foundation Inc
Cresthaven Academy Foundation Inc is an organization dedicated to supporting and enhancing the mission of Cresthaven Academy Charter School. Their primary objective is to improve the quality of education for children in Plainfield, New Jersey, and surrounding communities. By providing both financial and technical assistance, this foundation aims to further the educational and charitable mission of Cresthaven Academy Charter School, a public charter school established in New Jersey. In essence, Cresthaven Academy Foundation Inc plays a vital role in strengthening the educational foundation for children, ensuring they receive a high-quality education.
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Impact
July, 2024
Cresthaven Academy Foundation Inc makes a significant impact by helping the Cresthaven Academy advance its mission and improve the quality of education for children in Plainfield, New Jersey, and surrounding communities. The foundation provides financial and technical support to further the educational and charitable mission of Cresthaven Academy Charter School. Through its efforts, Cresthaven Academy Foundation Inc plays a crucial role in enhancing educational opportunities for children in the area.
This information is meant to be a general summary of Cresthaven Academy 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 2024.
- Investment Income: $10,512
- Program Service Revenue: $170,738
- Gross Receipts: $668,662
Assets and Liabilities:
- Total Assets: $5,194,111
- Total Liabilities: $3,935,818
- Net Assets: $1,258,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFTERSCHOOL PROGRAM
Revenue
$170,738
Organization Details
Founding Year
2014
Principal Officer
Steven Colson
NTEE Category
Code: B11 - Education
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