Overview
What is Folk Arts Cultural Treasures Charter School?
Folk Arts Cultural Treasures Charter School is a K-8 public educational institution located in Philadelphia, Pennsylvania. With approximately 450 students, the school provides a high-quality education that is deeply rooted in the community, respecting the lives of its students and their families. The school's unique approach to education incorporates traditional arts and cultures from the students' own and neighboring communities, serving as a catalyst for critical inquiry and community engagement. By doing so, the school aims to not only educate its students academically but also empower them to become active participants in working towards a just society. The school employs a dedicated team of 78 individuals to achieve its mission.
Official website here: www.factschool.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 81% (Three Stars)**
Folk Arts Cultural Treasures Charter School has achieved a Three-Star out of Four Star rating from Charity Navigator, demonstrating a commendable level of accountability and finance management. The organization scores particularly well in areas such as board independence, financial oversight, and absence of material diversion of assets, which indicates a transparent and responsibly managed operation.
While the school excels in many administrative aspects, there are limitations noted in their financial health, particularly the high liabilities to assets ratio, which raises concerns about long-term sustainability. Additionally, the nonprofit was marked down for not posting their tax form on their website, suggesting a need for improvement in transparency regarding their financial operations.
User feedback from GreatNonprofits is currently not available, so the general sentiment among the public regarding direct experiences and feedback remains unknown. Overall, the organization demonstrates strong accountability but may need to address financial stability and communication gaps to enhance public confidence.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Folk Arts Cultural Treasures Charter School?
100% of 23 reviewers on Facebook recommend Folk Arts Cultural Treasures Charter School. Here’s a summary of their thoughts:
Reviewers express profound admiration for the school, highlighting its inspiring environment and positive impact on individuals. The overwhelming sentiment reflects deep appreciation, with comments emphasizing how the school fosters personal growth and leaves a lasting impression on its community.
Overall, the feedback showcases a strong endorsement for the institution, with many feeling that it not only changes lives but also holds a cherished place in their hearts. This indicates that the nonprofit successfully delivers on its mission and resonates well with its supporters.
This AI summary has been generated from reviews found on Facebook.
Is Folk Arts Cultural Treasures Charter School legitimate?
Folk Arts Cultural Treasures Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folk Arts Cultural Treasures Charter School 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: $3,909,866
For more financial information, click here
Official website here: www.factschool.org
What is the mission statement of Folk Arts Cultural Treasures Charter School?
The Folk Arts Cultural Treasures Charter School provides an exceptional education that leverages traditional arts and cultures from the students' own and surrounding communities. This educational approach stimulates critical inquiry and fosters community engagement. The school's mission is to offer a curriculum with high academic standards, one that is deeply rooted in the community, respects the lives of students and their families, encourages students to explore their own cultures, and empowers them to participate actively in working towards a just society. The school serves approximately 450 Philadelphia children, encouraging them to engage with their local communities and cultural heritage.
Official website here: www.factschool.org
Who is the CEO of Folk Arts Cultural Treasures Charter School?
Ellen Somekawa is the Executive Di of Folk Arts Cultural Treasures Charter School.
Official website here: www.factschool.org
What is the revenue of Folk Arts Cultural Treasures Charter School?
Folk Arts Cultural Treasures Charter School's revenue in 2022 was $9,661,746.
Official website here: www.factschool.org
Who are the executives of Folk Arts Cultural Treasures Charter School and what are their salaries?
The average compensation at Folk Arts Cultural Treasures Charter School during 2022 was $50,126. There are 78 employees and 50 volunteers at Folk Arts Cultural Treasures Charter School.
Here are 14 key members and their salaries:
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Official website here: www.factschool.org
Where can I find the form 990 for Folk Arts Cultural Treasures Charter School?
Folk Arts Cultural Treasures Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.factschool.org
Learn more at the official website: www.factschool.org
Mission Statement of Folk Arts Cultural Treasures Charter School
Folk Arts Cultural Treasures Charter School, or FACTS, is committed to providing an exceptional education to its students by leveraging the traditional arts and cultures present within their own and surrounding communities. This unique approach serves as a catalyst for critical inquiry and community engagement. By doing so, FACTS aims to provide an education that is not only academically rigorous but also deeply rooted in the community, respecting the lives of students and their families. The school's mission is to engage students in understanding their own cultures and communities, fostering a sense of pride and identity. Additionally, FACTS encourages its students to see themselves as active participants in working towards a just society.
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Impact
July, 2024
Folk Arts Cultural Treasures Charter School has a significant impact on the children of Philadelphia by providing an exemplary education that integrates traditional arts and cultures from their own and neighboring communities. With a focus on high academic standards, community-based learning, and respect for students and families, FACTS engages students in understanding their own cultures and communities. This approach fosters students' active participation in working towards a more just society. Through this unique educational model, FACTS has positively influenced approximately 450 Philadelphia children, equipping them with valuable skills and perspectives for their future endeavors.
This information is meant to be a general summary of Folk Arts Cultural Treasures Charter School. 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: $31,458
- Program Service Revenue: $6,661,146
- Gross Receipts: $9,661,746
Assets and Liabilities:
- Total Assets: $7,754,091
- Total Liabilities: $11,593,457
- Net Assets: -$3,839,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL DISTRICT SUBSIDIES
Revenue
$6,518,068
STATE REIMBURSEMENT PROGRAMS
Revenue
$136,428
OTHER PROGRAM SERVICE REVENUE
Revenue
$6,650
Organization Details
Founding Year
2004
Phone
(215) 569-2600Principal Officer
Ellen Somekawa
Main Address
1023 CALLOWHILL STREET, PHILADELPHIA, PA, 19123
Website
www.factschool.orgNTEE Category
Code: B29 - Education
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