Overview
What is Top Honors Incorporated?
Top Honors Incorporated, officially known as Common Denominator, is a dedicated nonprofit organization situated in New York City, New York. With a team of 16 individuals, their primary mission is to offer free holistic math tutoring to in-need middle school students residing in the city. They aim to assist students in grades 5 through 8 to enhance their math skills, boost their confidence, and develop a positive attitude towards mathematics. Their ultimate vision is to become a leading organization in bridging the math gap within New York City. The organization's activities and mission revolve around helping children improve their math and critical thinking skills, enabling them to identify with the subject, and fostering a love for mathematics.
Official website here: www.cdmath.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%
Top Honors Incorporated has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has made strides in certain governance aspects, such as maintaining a fully independent board and having proper financial statements, its overall financial health is troubling. The low program expense ratio of 49.18% raises questions about the efficiency of its spending on its mission-driven activities.
The organization has clear strengths in governance, with independent board members and a strong adherence to conflict of interest policies. However, it falls short in critical areas such as the absence of a whistleblower policy and missing documentation regarding retention and destruction policies, which could hinder transparency and accountability. The organization's liabilities to assets ratio is concerning, indicating potential financial instability.
Additionally, the salary of the Executive Director, Angela Williams, at $195,500, may draw scrutiny given the context of the organization's financial challenges. This disparity between executive compensation and overall program spending could affect donor trust and support, highlighting the need for improvement in fiscal management and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Top Honors Incorporated legitimate?
Top Honors Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Top Honors Incorporated 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: $174,443
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,833
For more financial information, click here
Official website here: www.cdmath.org
What is the mission statement of Top Honors Incorporated?
Top Honors Incorporated's mission is centered around assisting children in enhancing their math and critical thinking skills. The organization aims to help these students develop a positive connection with math, ultimately enjoying the subject. Through its initiatives, Common Denominator, a division of Top Honors Incorporated, offers free holistic math tutoring to underprivileged middle school students in New York City. The goal is to significantly improve the math skills of these students, boost their confidence, and foster an enjoyment for mathematics. The organization aspires to become a leading force in bridging the math gap in the New York City area.
Official website here: www.cdmath.org
Who is the CEO of Top Honors Incorporated?
Angela Williams is the Co-Chair of Top Honors Incorporated.
Official website here: www.cdmath.org
What is the revenue of Top Honors Incorporated?
Top Honors Incorporated's revenue in 2022 was $751,387.
Official website here: www.cdmath.org
Who are the executives of Top Honors Incorporated and what are their salaries?
The average compensation at Top Honors Incorporated during 2022 was $29,267. There are 16 employees and 200 volunteers at Top Honors Incorporated.
Here are 15 key members and their salaries:
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- Compensation: $170,000
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- Other: $16,573
Official website here: www.cdmath.org
Where can I find the form 990 for Top Honors Incorporated?
Top Honors Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdmath.org
Learn more at the official website: www.cdmath.org
Mission Statement of Top Honors Incorporated
Top Honors Incorporated is an organization that is committed to enhancing the mathematical abilities and critical thinking skills of middle school students, specifically those in the 5th to 8th grades, residing in New York City. Their primary mission is to help these students not only improve their math skills but also develop a positive attitude towards the subject. The organization aspires to become a leading entity in bridging the math divide within New York City, aiming to boost the confidence of these students in their mathematical abilities and make math an enjoyable learning experience for them.
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Impact
July, 2024
Top Honors Incorporated has a significant impact on the lives of in-need middle school students in New York City by providing free holistic math tutoring. The organization's mission to help children improve their math and critical thinking skills, identify with math, and enjoy math is having a direct positive influence on the academic and personal development of these students. By building confidence in math and fostering a love for the subject, Top Honors Incorporated is making a difference in bridging the math education gap in New York City.
This information is meant to be a general summary of Top Honors Incorporated. 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: $18
- Gross Receipts: $856,897
Assets and Liabilities:
- Total Assets: $740,212
- Total Liabilities: $38,649
- Net Assets: $701,563
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Organization Details
Founding Year
2002
Phone
(212) 662-0573Principal Officer
Angela Williams
Main Address
PO BOX 2009, NEW YORK, NY, 10163
Website
www.cdmath.orgNTEE Category
Code: B80 - Education
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