Overview
What is Building Equity Sooner For Tomorrow?
Building Equity Sooner For Tomorrow is a nonprofit organization, headquartered at 301 E Camperdown Way in Greenville, South Carolina (ZIP code 29601). Its primary mission is to support the Greenville County School District by constructing, financing, managing, and maintaining public education facilities. The organization's activities extend beyond direct facility management, as they also foster partnerships with other 501(c)(3) organizations and government entities that provide public education in Greenville County, South Carolina. By carrying out these initiatives, Building Equity Sooner For Tomorrow plays a vital role in enhancing the educational infrastructure and opportunities in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating
Building Equity Sooner For Tomorrow received a two-star rating from Charity Navigator, indicating areas for improvement in accountability and financial practices. While the organization demonstrates strengths such as a fully independent board and strong program expense ratio, there are significant weaknesses noted in governance policies, including the absence of a conflict of interest policy, whistleblower protection, and document retention guidelines.
The organization excels in financial oversight, with no material diversion of assets reported and a robust audit committee structure. However, the overall financial health is undermined by a poor liabilities-to-assets ratio, which raises concerns about its financial stability. Despite strong program expenses, the lack of transparency in governance practices could affect stakeholder confidence.
To enhance its rating and overall effectiveness, Building Equity Sooner For Tomorrow should address the missing governance policies and improve its financial ratios. Implementing these changes could lead to greater trust and support from donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Building Equity Sooner For Tomorrow legitimate?
Building Equity Sooner For Tomorrow is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Equity Sooner For Tomorrow 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 Building Equity Sooner For Tomorrow?
Building Equity Sooner For Tomorrow is an organization established with the primary goal of constructing and renovating facilities for the Greenville County School District. According to its incorporation documents, the group's mission is twofold: (1) to acquire, finance, improve, maintain, operate, manage, lease, and dispose of school buildings and other education facilities, and (2) to promote public education by collaborating with exempt organizations under Section 501(c)(3) of the Internal Revenue Code that provide education in Greenville County, South Carolina. By focusing on enhancing the physical infrastructure of schools and fostering partnerships with educational organizations, Building Equity Sooner For Tomorrow strives to contribute to the overall improvement of public education in the community.
Who is the CEO of Building Equity Sooner For Tomorrow?
James W Blakely Jr is the Chairman of Building Equity Sooner For Tomorrow.
What is the revenue of Building Equity Sooner For Tomorrow?
Building Equity Sooner For Tomorrow's revenue in 2023 was $14,817,044.
Who are the executives of Building Equity Sooner For Tomorrow and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $168,636
- Other: $59,705
- Compensation: $0
- Related: $147,626
- Other: $59,652
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Building Equity Sooner For Tomorrow?
Building Equity Sooner For Tomorrow's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Building Equity Sooner For Tomorrow
Building Equity Sooner For Tomorrow, a nonprofit organization, has been established with a clear mission: to construct and renovate facilities for the Greenville County School District. The group's articles of incorporation and bylaws outline its primary purpose, which is to acquire, finance, improve, maintain, operate, manage, lease, and dispose of school buildings and other public education facilities for the benefit of the Greenville County School District. In addition, Building Equity Sooner For Tomorrow aims to promote public education through cooperative arrangements with governmental entities and other organizations that provide educational services in Greenville County, South Carolina, exempt under Section 501(c)(3) of the Internal Revenue Code.
This ambitious undertaking by Building Equity Sooner For Tomorrow is crucial in enhancing the learning environment for students in the Greenville County School District. By providing well-maintained and modern facilities, the organization contributes significantly to the overall educational experience. The renovation and construction projects undertaken by Building Equity Sooner For Tomorrow are designed to create spaces conducive to learning, enabling teachers to deliver effective lessons and students to thrive.
The organization's commitment to public education extends beyond the physical structures. Building Equity Sooner For Tomorrow recognizes the importance of partnerships in fostering a strong educational ecosystem. Through cooperative arrangements with governmental entities and other organizations, the group seeks to further bolster the educational offerings in Greenville County. These collaborative efforts ultimately serve to enhance the quality of education provided to students, ensuring they receive a well-rounded and enriching educational experience.
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Impact
October, 2024
Building Equity Sooner For Tomorrow significantly impacts the Greenville County School District by focusing on the construction and renovation of school facilities. This initiative enhances educational environments, promoting better learning conditions for students. By acquiring, improving, and maintaining school buildings, it ensures that schools meet modern standards and support the needs of the community.
The organization's efforts also foster collaboration with governmental entities and other educational organizations, strengthening public education in Greenville County. This collaborative approach not only improves infrastructure but also encourages a sense of community investment in education. Ultimately, the initiative aims to ensure that every student in Greenville County has access to quality educational facilities that support their academic success and personal growth.
This information is meant to be a general summary of Building Equity Sooner For Tomorrow. 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: $296,692
- Gross Receipts: $78,304,013
Assets and Liabilities:
- Total Assets: $430,210,813
- Total Liabilities: $430,210,813
- Net Assets: $0
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Organization Details
Founding Year
2004
Phone
(864) 355-1160Principal Officer
James W Blakely Jr
Main Address
301 E CAMPERDOWN WAY, GREENVILLE, SC, 29601
NTEE Category
Code: B11 - Education
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