Overview
What is Island Foundation Inc?
Island Foundation Inc, situated in Corpus Christi, Texas, is a nonprofit organization dedicated to education and community service. It manages two charter schools, the Seashore Learning Center and the Seashore Middle Academy, and offers additional educational programs for children, including a preschool, after-school care, and a summer program. Furthermore, the organization extends its services beyond schooling by providing community programs, aiming to foster learning and community engagement.
Official website here: www.islandfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Island Foundation Inc has earned a 96% score on Charity Navigator, reflecting strong accountability and financial management. The charity boasts a fully independent board, with all members meeting the criteria for independence, and has successfully implemented various policies that enhance transparency and governance. Their financial oversight is robust, indicated by a perfect score in audit and oversight, as well as no reported diversion of assets.
The organization demonstrates a commitment to using its resources effectively, as highlighted by a high program expense ratio of 86.39%. This suggests that a significant portion of their funds is directed toward their programs rather than administrative costs. Additionally, the foundation's low liabilities to assets ratio of 44.17% indicates a solid financial position, allowing for continued support of their mission.
While the foundation shows strengths in governance and financial health, further insights into specific program impacts and community feedback would provide a more comprehensive understanding of their overall effectiveness. Nonetheless, the current ratings reflect a well-managed organization with a clear dedication to its philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Island Foundation Inc legitimate?
Island Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island Foundation 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: $157,317
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,965,019
For more financial information, click here
Official website here: www.islandfoundation.com
What is the mission statement of Island Foundation Inc?
The Island Foundation, dedicated to education and community service, operates various educational programs. This includes seashore charter schools, such as the Seashore Learning Center and the Seashore Middle Academy, as well as a preschool, after-school care, and summer programs for children. Beyond educating young minds, the foundation also offers community programs with the objective of fostering a spirit of service. Their mission is centered around promoting and enhancing both education and community involvement.
Official website here: www.islandfoundation.com
Who is the CEO of Island Foundation Inc?
Jon Reynolds is the President of Island Foundation Inc.
Official website here: www.islandfoundation.com
What is the revenue of Island Foundation Inc?
Island Foundation Inc's revenue in 2022 was $5,407,926.
Official website here: www.islandfoundation.com
Who are the executives of Island Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $73,592
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- Compensation: $38,021
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- Compensation: $45,704
- Related: $0
- Other: $0
Official website here: www.islandfoundation.com
Where can I find the form 990 for Island Foundation Inc?
Island Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.islandfoundation.com
Learn more at the official website: www.islandfoundation.com
Mission Statement of Island Foundation Inc
The Island Foundation, a nonprofit organization, is committed to promoting education and community service. It accomplishes this mission by operating two charter schools, the Seashore Learning Center and the Seashore Middle Academy, which cater to students from a young age through middle school. Additionally, the foundation provides preschool education, after-school care, and summer programs for children, ensuring a comprehensive and continuous learning environment. Beyond its educational initiatives, the Island Foundation also extends its services to the community, offering various programs aimed at fostering growth and development. In essence, the organization's mission is to contribute positively to society by nurturing young minds and engaging with the local community, with a focus on education and community service.
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Impact
July, 2024
Island Foundation Inc's impact can be seen through its dedication to promoting education and community service. By operating Seashore charter schools, preschool, after-school care, and summer programs for children, they are providing valuable educational opportunities to the community in Corpus Christi, TX. Additionally, their community programs further contribute to their mission of fostering a culture of education and service among residents.
This information is meant to be a general summary of Island Foundation 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: $145
- Program Service Revenue: $769,206
- Gross Receipts: $5,407,926
Assets and Liabilities:
- Total Assets: $11,113,669
- Total Liabilities: $5,172,552
- Net Assets: $5,941,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$511,463
FOOD SERVICE ACTIVITIES
Revenue
$39,072
OTHER INCOME
Revenue
$218,671
Organization Details
Founding Year
1994
Phone
(361) 654-1134Principal Officer
Jon Reynolds
Main Address
15437 SPID, CORPUS CHRISTI, TX, 78418
Website
www.islandfoundation.comNTEE Category
Code: B99Z - Education
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