Overview
What is Unity School Endowment Fund Inc?
Unity School Endowment Fund Inc, based in Delray Beach, Florida, is a nonprofit organization with a mission to enrich and advance the development of Unity School of Delray Beach. They achieve this by inspiring the community to contribute their resources for various programs and enrichments, benefiting around 270 school children. The fund's activities primarily focus on mortgage reduction and providing additional educational opportunities for the students. The organization's description suggests a strong community-driven approach, encouraging locals to contribute to the school's growth and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Unity School Endowment Fund Inc has received a low rating of 53% from Charity Navigator, reflecting significant concerns regarding its governance and financial accountability. The organization scored poorly in areas such as board independence and the existence of key policies, including conflict of interest and whistleblower protections. The lack of independent board members and transparency in financial practices considerably impacted its overall score.
Despite these governance issues, the organization shows positive financial metrics, particularly in its program expense ratio and liabilities to assets ratio, indicating that it is effectively utilizing its resources for programmatic purposes. However, the absence of essential governance structures raises questions about the overall management and oversight of the charity's operations.
Overall, while the Unity School Endowment Fund Inc appears to manage its resources efficiently in terms of programming, the lack of accountability practices and a weak governance framework are areas of concern that potential donors should consider. Improved oversight and transparency mechanisms could significantly enhance the organization's rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Unity School Endowment Fund Inc legitimate?
Unity School Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unity School Endowment Fund 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: $0
For more financial information, click here
What is the mission statement of Unity School Endowment Fund Inc?
Unity School Endowment Fund Inc's mission is centered around enriching and advancing the development of a specific school, Unity School of Delray Beach. They aim to accomplish this by inspiring the community to contribute their resources. The primary objective is to provide financial support for various programs and enrichments, benefiting around 270 school children. The fund's activities are geared towards contributing to the school's mortgage reduction, thereby enhancing its overall development.
Who is the CEO of Unity School Endowment Fund Inc?
Larry Frankel is the President of Unity School Endowment Fund Inc.
What is the revenue of Unity School Endowment Fund Inc?
Unity School Endowment Fund Inc's revenue in 2022 was $474,325.
Who are the executives of Unity School Endowment Fund Inc and what are their salaries?
There 50 volunteers at Unity School Endowment Fund Inc.
Here are 4 key members and their salaries:
- Compensation: $122,382
- Related: $0
- Other: $0
- Compensation: $80,161
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Unity School Endowment Fund Inc?
Unity School Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Unity School Endowment Fund Inc
Unity School Endowment Fund Inc, a non-profit organization, is dedicated to enriching and advancing the development of Unity School of Delray Beach. It achieves this mission by inspiring the community to contribute their resources. The primary goal of Unity School Endowment Fund Inc is to support Unity School of Delray Beach in various ways, including contributing towards the reduction of the school's mortgage, funding various programs, and providing enrichments for the benefit of approximately 270 school children. By inspiring the community to contribute, Unity School Endowment Fund Inc aims to ensure the school's continued growth and success, ultimately benefiting its students.
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Impact
July, 2024
Unity School Endowment Fund Inc's impact is evident in its commitment to enriching and advancing the development of Unity School of Delray Beach. By inspiring the community to contribute their resources, the organization has made significant contributions towards mortgage reduction, various programs, and enrichments for the benefit of approximately 270 school children. The fund's support not only ensures the sustainability of the school but also enhances the educational experience and opportunities available to the students. This dedicated effort aligns with the organization's mission to foster growth and excellence within the Unity School community.
This information is meant to be a general summary of Unity School Endowment Fund 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: -$585
- Gross Receipts: $497,416
Assets and Liabilities:
- Total Assets: $176,590
- Total Liabilities: $2,717
- Net Assets: $173,873
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Organization Details
Founding Year
1985
Phone
(561) 276-4414Principal Officer
Larry Frankel
Main Address
101 NW 22ND STREET, DELRAY BEACH, FL, 33444
NTEE Category
Code: B24I - Education
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