Overview
What is Frankford Valley Foundation For Literacy?
The Frankford Valley Foundation for Literacy is a 501(C)(3) nonprofit organization situated in Philadelphia, Pennsylvania. Established with the aim of benefiting the community, its mission is to foster and expand opportunities for growth and advancement for every individual within its reach. This is achieved through leasing property to the First Philadelphia Preparatory Charter School, a tax-exempt organization under the same category. The school, in turn, provides educational opportunities to its students, contributing positively to the community's development.
Is Frankford Valley Foundation For Literacy legitimate?
Frankford Valley Foundation For Literacy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frankford Valley Foundation For Literacy 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 Frankford Valley Foundation For Literacy?
The Frankford Valley Foundation For Literacy, a 501(c)(3) non-profit organization, is committed to supporting and expanding opportunities for advancement for every member of the community. To fulfill this mission, the foundation leases property to the First Philadelphia Preparatory Charter School, an educational institution that also operates under the 501(c)(3) tax exemption. The foundation aims to contribute positively to the community by providing resources and opportunities that promote progress and development for all its members.
Who is the CEO of Frankford Valley Foundation For Literacy?
Anita Kaiser is the President of Frankford Valley Foundation For Literacy.
What is the revenue of Frankford Valley Foundation For Literacy?
Frankford Valley Foundation For Literacy's revenue in 2022 was $3,710,685.
Who are the executives of Frankford Valley Foundation For Literacy and what are their salaries?
There 3 volunteers at Frankford Valley Foundation For Literacy.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Frankford Valley Foundation For Literacy?
Frankford Valley Foundation For Literacy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frankford Valley Foundation For Literacy
The Frankford Valley Foundation for Literacy, a 501(C)(3) non-profit organization, is dedicated to supporting and expanding opportunities for advancement for every member of the community. In line with its mission, the foundation leases property to the First Philadelphia Preparatory Charter School, a tax-exempt organization under the same classification. This school is likely committed to providing quality education to its students, as is often the case with charter schools. By leasing property to this institution, the Frankford Valley Foundation for Literacy contributes to the community's educational landscape, potentially offering a valuable resource for local residents. The organization's mission, therefore, can be seen as an investment in the community's future, seeking to enhance opportunities for everyone within its reach.
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Impact
October, 2024
Frankford Valley Foundation For Literacy significantly enhances educational opportunities within the Philadelphia community. By leasing property to the First Philadelphia Preparatory Charter School, it directly contributes to creating a supportive environment for learning and development. This partnership facilitates access to quality education, allowing community members to advance their skills and knowledge. The foundation's commitment to expanding opportunities ensures that everyone in the community has a pathway for advancement, fostering a culture of learning and growth that ultimately benefits the entire neighborhood.
This information is meant to be a general summary of Frankford Valley Foundation For Literacy. 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: $849
- Program Service Revenue: $3,709,836
- Gross Receipts: $3,710,685
Assets and Liabilities:
- Total Assets: $36,655,950
- Total Liabilities: $37,572,871
- Net Assets: -$916,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,709,836
Organization Details
Founding Year
2003
Phone
(215) 743-3100Principal Officer
Anita Kaiser
Main Address
4300 Tacony Street, Philadelphia, PA, 19134
NTEE Category
Code: B112 - Education
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