Overview
What is Friends Of Prescott Inc?
Friends of Prescott Inc, a nonprofit organization situated in Groton, Massachusetts, at 145 Main Street No 104, has secured a three-year lease from the Town of Groton for a portion of the historic Prescott School building. Their primary objective is to offer educational and recreational opportunities to the community, catering to both children and adults. They are responsible for covering the building's electrical, heating, water, sewer, internet, and phone services, as well as providing general commercial liability insurance. Friends of Prescott, Inc. (FOP) is dedicated to supporting and promoting various community programs and activities, focusing on education, health, arts, and physical education. This nonprofit organization aims to contribute positively to the community by fostering growth and development in these areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42%, Zero-Star out of Four Star rating.
Friends Of Prescott Inc has received a low score of 42% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity has a particularly poor track record in governance, with no independent board members and missing essential policies such as conflict of interest and whistleblower protections. This lack of oversight raises questions about the organization's operational transparency and management.
Despite its governance challenges, Friends Of Prescott Inc performs well in community engagement, boasting a high score of 95 in culture and community. The organization is successful in collecting and utilizing feedback effectively, which indicates a commitment to listening to the community it serves. However, the low program expense ratio of 54.69% suggests that a smaller portion of its budget is allocated to direct program services, which could limit its impact.
Overall, while Friends Of Prescott Inc shows strengths in community engagement and feedback practices, the significant deficiencies in governance and financial accountability should be carefully considered by potential donors and supporters. Addressing these issues would be crucial for improving its operational integrity and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Prescott Inc legitimate?
Friends Of Prescott Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Prescott 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: $144,458
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What is the mission statement of Friends Of Prescott Inc?
Friends of Prescott Inc, as an organization, focuses on providing support and fostering community programs and activities for individuals spanning various age groups, including children, teens, and adults. Their primary areas of interest encompass education, health, the arts, and physical education. By leasing a portion of a historic building, they offer a space for recreational and educational opportunities, contributing to the enrichment of the community.
What is the revenue of Friends Of Prescott Inc?
Friends Of Prescott Inc's revenue in 2023 was $229,769.
Who are the executives of Friends Of Prescott Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Friends Of Prescott Inc?
Friends Of Prescott Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of Prescott Inc
Friends of Prescott, Inc., a nonprofit organization, is dedicated to supporting and promoting a variety of community programs and activities for children, adolescents, and adults. Their mission encompasses four key areas: education, health, the arts, and physical education. By leveraging their resources, Friends of Prescott strives to provide opportunities that enhance the lives of individuals in these domains.
In pursuit of their mission, Friends of Prescott responded to a Request for Proposal (RFP) issued by the Town of Groton, MA. They were awarded a three-year lease to utilize a portion of the historic Prescott School building for the purpose of offering recreational and educational opportunities to the community. This lease includes the responsibility for paying for various building services such as electricity, heating, water, sewer, internet, and phone services. Moreover, Friends of Prescott ensures that the building and its occupants are covered by general commercial liability insurance.
Through these initiatives, Friends of Prescott, Inc. demonstrates a commitment to fostering a vibrant and engaged community. By providing space for adult, child, and teen education classes, they aim to empower individuals and broaden their horizons in the areas of education, health, the arts, and physical education.
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Impact
October, 2024
Friends of Prescott Inc significantly enhances the Groton community by providing valuable programs and activities for individuals of all ages. By leasing a portion of the historic Prescott School, it creates a dedicated space for adult, child, and teen educational and recreational opportunities.
The organization plays a crucial role in promoting education and the arts, catering to diverse interests and needs within the community. Its initiatives foster personal development, creativity, and a sense of belonging among participants. By offering well-rounded programs that span education, health, and physical education, Friends of Prescott cultivates an environment that supports the holistic growth of community members.
Additionally, Friends of Prescott Inc ensures that the facilities are well-maintained and operational, taking responsibility for essential utilities and providing general liability insurance. This commitment not only facilitates a safe space for learning and engagement but also strengthens community ties, encourages participation, and builds a robust framework for lifelong learning. Through its efforts, Friends of Prescott Inc makes a lasting impact on the residents of Groton, enriching lives and enhancing the overall quality of community life.
This information is meant to be a general summary of Friends Of Prescott 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 2023.
- Investment Income: $1,160
- Program Service Revenue: $131,864
- Gross Receipts: $357,325
Assets and Liabilities:
- Total Assets: $61,212
- Total Liabilities: $8,496
- Net Assets: $52,716
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME
Revenue
$6,328
OTHER INC
Revenue
$14,129
TUITION AND RELATED INCOM
Revenue
$111,407
Organization Details
Founding Year
2015
Principal Officer
Arthur S Lane Jr
NTEE Category
Code: A12 - Arts
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