Overview
What is Frey Foundation?
The Frey Foundation, situated in Acworth, Georgia at 2865 Mars Hill Road, is a nonprofit organization committed to enhancing the educational experience at Frey Elementary. Their mission revolves around providing enrichment opportunities for both students and teachers within the school. This enrichment aims to foster a more engaging and stimulating learning environment, ultimately contributing to the overall development of the students and educators. The Frey Foundation's efforts are focused on supporting the Frey Elementary community and enriching their educational journey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Frey Foundation has received a two-star rating from Charity Navigator, indicating that it is performing below the desired standards for nonprofit organizations. While the foundation scores exceptionally well in areas such as accountability and finance, earning a perfect score of 100%, there are significant gaps in governance practices that impact its overall evaluation.
One of the notable strengths of the Frey Foundation is its commitment to program expenses, with a program expense ratio of 97.45%. This suggests that the majority of its funds are being utilized directly for its programs, which is a positive indicator for potential donors. Additionally, the foundation boasts an independent board, with all members being independent, and there are no reported material diversions of assets, which enhances its credibility.
However, the foundation faces serious shortcomings in governance, particularly due to the absence of key policies such as conflict of interest, whistleblower, and document retention policies. Furthermore, the lack of a website listed on tax forms and other documentation issues led to lower scores in related categories. These governance deficiencies may raise concerns for potential donors regarding transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Frey Foundation legitimate?
Frey Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frey 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 Frey Foundation?
The Frey Foundation's mission, as stated, is centered around enriching the educational experience for both students and teachers at Frey Elementary. By providing enrichment opportunities, the foundation aims to contribute positively to the learning environment and overall development of the students and educators therein. The foundation's activities are geared towards enhancing the educational experience, thereby promoting a more engaging and enriching learning environment. The mission is a testament to the foundation's commitment to supporting the educational community at Frey Elementary.
What is the revenue of Frey Foundation?
Frey Foundation's revenue in 2023 was $79,897.
Who are the executives of Frey Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Frey Foundation?
Frey Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Frey Foundation
The Frey Foundation, as mentioned, is committed to enriching the educational experience for both students and teachers at Frey Elementary. Their primary objective is to contribute positively to the learning environment, striving to enhance the overall educational journey for those within the school community. The foundation's mission is centered around providing enrichment opportunities that cater to the needs of both the students and their educators, aiming to foster a more engaging and enriching learning environment.
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Impact
August, 2024
Frey Foundation's impact is evident in its mission to provide enrichment for students and teachers at Frey Elementary in Acworth, Georgia. Through their work, they aim to enhance the educational experience of those within the school community. By focusing on education, they contribute to the growth and development of both students and teachers, fostering an environment that nurtures learning and personal growth.
This information is meant to be a general summary of Frey 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.
- Program Service Revenue: $19,128
- Gross Receipts: $79,897
Assets and Liabilities:
- Total Assets: $51,168
- Total Liabilities: $0
- Net Assets: $51,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASP Clubs
Revenue
$19,128
Organization Details
Founding Year
2010
Principal Officer
Angela Bond
NTEE Category
Code: B19 - Education
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