Overview
What is Fospeinc?
Fospeinc is a 501(c)(3) nonprofit organization, established in January 2015, with a mission to enhance education and curricular enrichment at Miami Beach South Pointe Elementary School. Located in Miami Beach, Florida, the nonprofit collaborates closely with the school's principal, faculty, and administration to provide additional resources and support for students. Fospeinc's volunteer-driven parent organization aims to raise funds and contribute to the school's curriculum, educational initiatives, and classroom needs. Their ultimate goal is to create a safe, professional, caring, and compassionate learning environment that empowers students to succeed in life. As a result of their efforts, South Pointe Elementary School managed to maintain its "A" grade from the State of Florida Department of Education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Fospeinc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization excels in having a fully independent board and demonstrates a strong program expense ratio of 93.59%, indicating that a significant portion of its resources is directed towards its programs.
However, there are notable weaknesses in terms of transparency and governance practices. The organization has not provided financial statements, nor does it have a website listed on its tax form, which detracts from its overall accountability score. Additionally, it lacks several essential policies, including conflict of interest and whistleblower policies, which are critical for maintaining transparency and trust within nonprofit operations.
This AI summary has been generated from information found on Charity Navigator.
Is Fospeinc legitimate?
Fospeinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fospeinc 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 Fospeinc?
Fospeinc, a 501(c)(3) non-profit organization established in January 2015, aims to raise funds and collaborate closely with South Pointe Elementary's principal, faculty, and administration to enhance curricular enrichment, educational initiatives, and classroom support. Their volunteer-led parent organization strives to provide South Pointe Elementary Public School with these resources, comprised of friends, family, neighbors, and colleagues who share a belief in the importance of their community. Their objective is to offer every child a safe, professional, caring, and compassionate learning environment, empowering them with productive learning to help them succeed in life.
Who is the CEO of Fospeinc?
Matthew Pender is the Director of Fospeinc.
What is the revenue of Fospeinc?
Fospeinc's revenue in 2023 was $548,410.
Who are the executives of Fospeinc and what are their salaries?
There 10 volunteers at Fospeinc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Fospeinc?
Fospeinc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fospeinc
Fospeinc, established in January 2015 as a 501(c)(3) non-profit organization, has a mission to enhance the educational experience for children at South Pointe Elementary. The organization aims to collaborate closely with the school's principal, faculty, and administration, raising funds to expand curricular enrichment, educational initiatives, and classroom support. Fospeinc's parent-driven volunteer organization is composed of friends, family, neighbors, and colleagues who share a strong belief that their community is shaped by their actions. Their ultimate goal is to provide a safe, professional, caring, and compassionate school environment for every child, empowering them with productive learning to help them succeed in life.
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Impact
July, 2024
Fospeinc has had a significant impact on Miami Beach South Pointe Elementary School by delivering extra-curricular enrichment, educational initiatives, health and safety enhancements, and classroom support for approximately 550 students. This support helped the school retain its "A" grade from the State of Florida Department of Education. Fospeinc's work has empowered children with productive learning opportunities and created a safe, professional, caring, and compassionate school environment, ultimately contributing to the success of the students in life.
This information is meant to be a general summary of Fospeinc. 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.
- Program Service Revenue: $399,222
- Gross Receipts: $558,797
Assets and Liabilities:
- Total Assets: $137,366
- Total Liabilities: $0
- Net Assets: $137,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENRICHMENT PROGRAM
Revenue
$399,027
GRADUATION
Revenue
$195
Organization Details
Founding Year
2015
Phone
(786) 496-2484Principal Officer
Matthew Pender
Main Address
1050 4TH STREET, MIAMI BEACH, FL, 33139
NTEE Category
Code: B90 - Education
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