Overview
What is The3Pointfoundation Inc?
The3PointFoundation Inc is a nonprofit organization situated in Brighton, Massachusetts, specifically at 1270 Soldiers Field Road. Its primary focus is on providing educational support to underprivileged, low-income students from Boston elementary and middle schools. During the school year, they operate an in-school and after-school program, where students engage in academic activities, including homework assistance and test preparation, for two afternoons a week. Additionally, on Saturday mornings, they attend an academic program emphasizing reading, grammar, spelling, and math, designed by Chten Education Resources. The organization's mission is to foster the development of 21st-century skills, social-emotional growth, and a growth mindset in these students, all essential for future success. With a team of 34 employees, The3PointFoundation Inc aims to equip these young individuals with the tools they need to thrive.
Official website here: www.the3pointfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The3Pointfoundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. This indicates that while the organization demonstrates some positive attributes, there are significant areas needing improvement, particularly in accountability and transparency. The foundation has a strong independent board, with 100% of its members being independent, yet its lack of financial statements and several missing policies raises questions about its governance practices.
Strengths of The3Pointfoundation Inc include a solid program expense ratio of 68.80%, indicating that a majority of its expenditures are directed towards its programs. Additionally, the organization has a favorable liabilities to assets ratio of 0.00%, suggesting strong financial stability. However, the absence of critical documents such as financial statements, board meeting minutes, and various policies hampers its overall accountability score, which stands at 66%.
Limitations noted in the ratings highlight the absence of essential governance practices, including a conflict of interest policy, a whistleblower policy, and document retention policies, all of which could enhance the organization's operational integrity. Addressing these gaps would be vital for fostering trust and demonstrating commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is The3Pointfoundation Inc legitimate?
The3Pointfoundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The3Pointfoundation 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: $84,460
Professional Fundraising Fees: $5,254
Other Salaries and Wages: $443,808
For more financial information, click here
Official website here: www.the3pointfoundation.org
What is the mission statement of The3Pointfoundation Inc?
The3PointFoundation Inc's mission is centered around providing free educational enrichment programs, enhanced by athletics and various activities, for underprivileged elementary and middle school students from Boston. The primary objective is to foster the development of 21st-century skills, social-emotional growth, and a growth mindset in these children. These attributes are crucial for their future success. The foundation's programs are designed to operate both within and outside school hours, including during summer breaks.
Official website here: www.the3pointfoundation.org
Who is the CEO of The3Pointfoundation Inc?
Neil Jacobs is the Chief Operating Officer of The3Pointfoundation Inc.
Official website here: www.the3pointfoundation.org
What is the revenue of The3Pointfoundation Inc?
The3Pointfoundation Inc's revenue in 2022 was $1,715,909.
Official website here: www.the3pointfoundation.org
Who are the executives of The3Pointfoundation Inc and what are their salaries?
The average compensation at The3Pointfoundation Inc during 2022 was $15,537. There are 34 employees and 60 volunteers at The3Pointfoundation Inc.
Here are 6 key members and their salaries:
- Compensation: $84,460
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.the3pointfoundation.org
Where can I find the form 990 for The3Pointfoundation Inc?
The3Pointfoundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.the3pointfoundation.org
Learn more at the official website: www.the3pointfoundation.org
Mission Statement of The3Pointfoundation Inc
The3PointFoundation Inc is committed to providing underprivileged, low-income Boston elementary and middle school students with free educational enrichment programs, bolstered by athletics and various activities. The organization's mission is geared towards fostering the development of 21st-century skills, social-emotional growth, and a growth mindset in these children. These attributes are indispensable for their future success. The programs offered by The3PointFoundation Inc are designed to operate both within and beyond school hours, including during the summer, ensuring a comprehensive and continuous learning environment for its beneficiaries.
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Impact
July, 2024
The3Pointfoundation Inc's impact is evident through its provision of free in-school and after-school programs to under-served, low-income youth in Boston. These programs focus on academic enrichment, including tutoring, homework help, and test preparation, along with a special emphasis on reading, grammar, spelling, and math. By integrating athletics and other activities, the organization fosters the development of 21st-century skills, social-emotional growth, and a growth mindset among elementary and middle school students. This holistic approach is crucial for preparing these youth for future success.
This information is meant to be a general summary of The3Pointfoundation 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: $3,550
- Gross Receipts: $1,787,447
Assets and Liabilities:
- Total Assets: $2,436,808
- Total Liabilities: $0
- Net Assets: $2,436,808
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Organization Details
Founding Year
2012
Phone
(617) 780-7298Principal Officer
Neil Jacobs
Main Address
1270 SOLDIERS FIELD ROAD, BRIGHTON, MA, 02135
Website
www.the3pointfoundation.orgNTEE Category
Code: O50 - Youth development
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