Overview
What is Los Gatos High School New Millennium Foundation?
Los Gatos High School New Millennium Foundation is a charitable organization, located at 20 High School Court, Los Gatos, CA 95030. Its primary objective is to fundraise for Los Gatos High School, with 100% of the collected funds being allocated towards enriching the classroom experiences and making structural enhancements within the school. The foundation serves this purpose by accepting grant requests from teachers and administrators annually, and then distributing the funds accordingly. In essence, the Los Gatos High School New Millennium Foundation acts as a vital resource, supporting the educational needs and infrastructure improvements at the high school.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Los Gatos High School New Millennium Foundation has received a 67% rating from Charity Navigator, which indicates it has room for improvement in its accountability and finance practices. While the organization has a solid track record in areas such as having a majority of independent board members and a strong program expense ratio, certain critical elements are lacking, particularly in transparency.
The foundation boasts 83% independent board members and has not reported any material diversion of assets, which highlights its commitment to governance and ethical operations. However, the absence of financial statements, a conflict of interest policy, and a whistleblower policy are significant shortcomings that could impact stakeholder trust and accountability.
Despite these limitations, the foundation demonstrates effective financial health with a 0% liabilities to assets ratio and a high program expense ratio at nearly 99%. This indicates that most of its expenditures are going directly towards its programs, which is a positive aspect for potential donors and supporters. Addressing the noted gaps in governance and transparency could enhance its standing and effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Los Gatos High School New Millennium Foundation legitimate?
Los Gatos High School New Millennium Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Gatos High School New Millennium Foundation 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 Los Gatos High School New Millennium Foundation?
The Los Gatos High School New Millennium Foundation's mission is centered around providing financial support for the educational needs of Los Gatos High School's departments and teachers. This non-profit organization aims to raise funds annually, which are then allocated to various classroom requirements and structural enhancements within the school. The foundation's primary objective is to ensure that teachers have the necessary resources to deliver quality education, thereby enriching the learning experience for students. The foundation fulfills this mission by accepting grant requests from teachers and administrators, and distributing all available funds solely for the benefit of the high school.
Who is the CEO of Los Gatos High School New Millennium Foundation?
Ryan Rosenberg is the President of Los Gatos High School New Millennium Foundation.
What is the revenue of Los Gatos High School New Millennium Foundation?
Los Gatos High School New Millennium Foundation's revenue in 2023 was $556,715.
Who are the executives of Los Gatos High School New Millennium Foundation and what are their salaries?
There 12 volunteers at Los Gatos High School New Millennium Foundation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Los Gatos High School New Millennium Foundation?
Los Gatos High School New Millennium Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Los Gatos High School New Millennium Foundation
The Los Gatos High School New Millennium Foundation is dedicated to supporting the educational needs of Los Gatos High School. Their primary mission is to raise funds and allocate them to various departments and teachers within the school. This nonprofit organization believes in the importance of providing necessary resources to classrooms and structural enhancements, thereby enhancing the overall learning environment for the students. Each year, the foundation collects funds, and teachers and administrators submit grant requests for funding. The foundation ensures that 100% of the available funds are granted to the high school for its use, thereby demonstrating their commitment to the school's educational growth and development.
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Impact
July, 2024
Los Gatos High School New Millennium Foundation has had a significant impact on the educational experience at Los Gatos High School. By providing funding for various departments and teachers' classroom needs, the Foundation is directly enhancing the learning environment for students. With all funds raised being granted to the high school for classroom use, the Foundation plays a crucial role in supporting academic initiatives and structural enhancements. This support ultimately helps in creating a more enriching and engaging educational experience for the students at Los Gatos High School.
This information is meant to be a general summary of Los Gatos High School New Millennium Foundation. 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: $367
- Gross Receipts: $564,006
Assets and Liabilities:
- Total Assets: $615,796
- Total Liabilities: $0
- Net Assets: $615,796
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Organization Details
Founding Year
2001
Principal Officer
Ryan Rosenberg
Main Address
20 High School Court, Los Gatos, CA, 95030
NTEE Category
Code: B112 - Education
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