Overview
What is Foundations Inc?
Foundations Inc is a prominent nonprofit organization based in Mount Laurel, New Jersey. With a workforce of 485 individuals, their mission is centered around enhancing the quality of education for vulnerable children by empowering educators through professional learning. They operate as an educational service organization, providing support to public charter schools, school districts, community-based organizations, and afterschool program providers in underserved communities. Their capacity-building initiatives include professional learning, technical assistance, program development, and various supporting tools and services. Foundations Inc receives funding from various sources, such as foundation grant programs, government grants, performance contracts, product sales, contributions from foundations, and conference fees. They are also the fiscal sponsor for the Campaign for Grade Level Reading (CGLR), an initiative aimed at disrupting generational poverty by improving reading proficiency among third-grade students. Since its inception in 2012, CGLR has expanded its reach to over 350 communities across 45 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and two Canadian provinces, serving millions of children at risk of learning loss.
Official website here: www.foundationsinc.org
What are the reviews and ratings of this charity?
Foundations Inc has earned a Four-Star out of Four Star rating from Charity Navigator, with a notable overall score of 96%. This high rating reflects a strong performance in Accountability & Finance, where the organization scored 96%. Key to this score is the presence of a predominantly independent board, with 85% of members qualified as independent, and the implementation of various sound financial management practices.
The organization's financial strengths are underscored by a solid program expense ratio of over 92%, indicating that a significant majority of its resources are dedicated to its programming rather than administrative costs. Foundations Inc has also established comprehensive policies, including a whistleblower policy and conflict of interest policy, which enhance its accountability framework. Additionally, it has shown commitment to equity practices, having implemented a variety of strategies to ensure equitable operations.
However, it is important to note that Foundations Inc has not yet been evaluated through the Impact & Measurement or Leadership & Adaptability methodologies, which might limit a full understanding of its effectiveness and adaptability in the nonprofit landscape. User reviews from GreatNonprofits could not be fetched, leaving a gap in personal testimonials about the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Foundations Inc?
100% of 9 reviewers on Facebook recommend Foundations Inc. Here is a summary of their reviews:
The consensus highlights the exceptional quality of the Beyond School Hours conference, emphasizing the effectiveness of the event planners and the high caliber of presenters involved. Attendees appreciate the variety of engaging vendors and the overall organization of the event, which contributes to a positive experience.
Positive sentiments are clear, as participants feel the conference provides valuable insights and tools for their needs. Overall, the organization appears to successfully deliver on its promises and foster a supportive environment for those interested in educational development and community engagement.
This AI summary has been generated from reviews found on Facebook.
Is Foundations Inc legitimate?
Foundations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundations 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: $694,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,142,886
For more financial information, click here
Official website here: www.foundationsinc.org
What is the mission statement of Foundations Inc?
Foundations Inc is a non-profit educational service organization committed to enhancing the quality of education for vulnerable children by strengthening educators' skills through professional learning. The organization focuses on capacity-building, providing professional learning, technical assistance, program development, supporting tools, and services to public charter schools, school districts, education and community-based organizations, and afterschool program providers in underserved communities. Foundations Inc receives support from various sources, including foundation grant programs, government grants, performance contracts, product sales, contributions from foundations, and conference fees. The organization aims to improve educational opportunities for children, youth, and families by strengthening the educational system.
Official website here: www.foundationsinc.org
Who is the CEO of Foundations Inc?
Michael Piazza-Sugarman is the Chair Emeritus of Foundations Inc. The CEO's salary of Foundations Inc is $239,017 and their total compensation is $257,247.
Official website here: www.foundationsinc.org
What is the revenue of Foundations Inc?
Foundations Inc's revenue in 2022 was $9,086,807.
Official website here: www.foundationsinc.org
Who are the executives of Foundations Inc and what are their salaries?
The average compensation at Foundations Inc during 2022 was $9,974. There are 485 employees and 6 volunteers at Foundations Inc.
Here are 15 key members and their salaries (Foundations Inc's CEO's salary is $239,017 and their total compensation is $257,247):
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- Compensation: $239,017
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- Other: $18,230
- Compensation: $130,550
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- Other: $3,862
- Compensation: $93,416
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- Other: $32,438
- Compensation: $102,570
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- Compensation: $167,734
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- Other: $27,115
- Compensation: $100,244
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- Other: $35,309
- Compensation: $100,026
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- Other: $36,792
Official website here: www.foundationsinc.org
Where can I find the form 990 for Foundations Inc?
Foundations Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationsinc.org
Learn more at the official website: www.foundationsinc.org
Mission Statement of Foundations Inc
Foundations Inc, a not-for-profit educational service organization, is dedicated to enhancing the quality of education for the nation's most vulnerable children. The organization achieves this mission by strengthening the skills of educators through professional learning. Foundations Inc works collaboratively with public charter schools, school districts, education and community-based organizations, and afterschool program providers in underserved communities. The organization's primary focus is on capacity-building, which it achieves through professional learning, technical assistance, program development, supporting tools, and services. Foundations Inc receives support from various sources, including foundation grant programs, government grants, performance contracts, product sales, contributions from foundations, and conference fees. The ultimate goal of Foundations Inc is to improve educational opportunities for children, youth, and families in underserved communities.
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Impact
July, 2024
Foundations Inc has a significant impact on education by improving the quality of educational opportunities for vulnerable children. Through professional learning, technical assistance, program development, and services, Foundations Inc works with public charter schools, school districts, and community-based organizations to build capacity and support educators in underserved communities. Additionally, Foundations Inc serves as the fiscal sponsor for the Campaign for Grade Level Reading (CGLR), which mobilizes communities to address the issue of childhood illiteracy and disrupt generational poverty. CGLR has grown to include over 350 communities, reaching millions of children across the United States and Canada. This demonstrates Foundations Inc's dedication to creating positive change in education and improving outcomes for children in need.
This information is meant to be a general summary of Foundations 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.
- Investment Income: -$1,170
- Program Service Revenue: $4,689,797
- Gross Receipts: $9,089,546
Assets and Liabilities:
- Total Assets: $5,648,195
- Total Liabilities: $1,083,759
- Net Assets: $4,564,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$4,057,113
CONFERENCE FEES
Revenue
$632,684
Organization Details
Founding Year
1992
Phone
(856) 533-1600Principal Officer
Michael Piazza-Sugarman
Main Address
701 EAST GATE DRIVE 300, MOUNT LAUREL, NJ, 08054
Website
www.foundationsinc.orgNTEE Category
Code: B90 - Education
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