Overview
What is Bronx Letters Foundation?
The Bronx Letters Foundation is a nonprofit organization situated in New York City, specifically at 1202 Lexington Avenue, 202, New York, NY 10028. Its primary purpose is to bolster and manage initiatives that augment the educational journey of students at the Bronx Academy of Letters, a public high school catering to low-income middle and high school students in the Bronx. The foundation serves as an auxiliary Parent-Teacher Association (PTA) to the school, working in tandem with its administration to enrich the learning experience of its students through various programs and activities that underscore the importance of reading and writing. The organization operates with a modest workforce of five individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Bronx Letters Foundation has received a low rating of 57%, which corresponds to a One-Star designation. This score is solely based on their Accountability & Finance metrics, indicating significant areas of concern regarding governance and transparency. Specifically, the organization has no independent board members, which raises questions about oversight and accountability in decision-making processes.
Despite these weaknesses, the foundation demonstrates strong financial health with a low liabilities-to-assets ratio and a high percentage of program expenses, suggesting that most of their funding is directed towards their mission-related activities. However, the lack of essential policies and documentation, such as a whistleblower policy and board meeting minutes, highlights deficiencies in their operational practices that could affect stakeholder trust.
Overall, while the Bronx Letters Foundation is actively engaging in its programs with a commendable allocation of funds, the absence of independent oversight and critical governance structures poses risks to its effectiveness and credibility. Addressing these issues could significantly improve its rating and operational integrity in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Bronx Letters Foundation legitimate?
Bronx Letters Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bronx Letters 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
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Other Salaries and Wages: $172,000
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What is the mission statement of Bronx Letters Foundation?
The Bronx Letters Foundation was established with the objective of bolstering the educational journey of students at the Bronx Academy of Letters. This public high school caters to low-income middle and high school students, placing a significant emphasis on reading and writing. The Foundation serves as an informal Parent-Teacher Association (PTA) to the Academy, working in tandem with its administration to organize and facilitate various enrichment programs and activities designed to enrich the student body's learning experience.
Who is the CEO of Bronx Letters Foundation?
Unavailable
What is the revenue of Bronx Letters Foundation?
Bronx Letters Foundation's revenue in 2022 was $467,401.
Who are the executives of Bronx Letters Foundation and what are their salaries?
The average compensation at Bronx Letters Foundation during 2022 was $34,400. There are 5 employees at Bronx Letters Foundation.
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Where can I find the form 990 for Bronx Letters Foundation?
Bronx Letters Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bronx Letters Foundation
The Bronx Letters Foundation, established with a mission to support, operates, and enhance the educational experience of students at the Bronx Academy of Letters, a public high school serving low-income middle and high school students in the Bronx, New York. Recognizing the significance of reading and writing in its programs and activities, the Academy emphasizes these skills. The Foundation, acting as an informal Parent-Teacher Association (PTA), collaborates with the school's administration to conduct various enrichment programs and activities for the student body, contributing to their overall educational growth and development.
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Impact
July, 2024
The Bronx Letters Foundation has had a significant impact on the educational experience of students at the Bronx Academy of Letters. By supporting and operating programs that enhance the curriculum and activities at the Academy, the Foundation has played a vital role in improving the learning environment for low-income middle and high school students in the Bronx. Through its emphasis on reading and writing, the Foundation has helped to instill valuable skills and a love for literature in the student body. Operating as an informal PTA to the Academy, the Foundation has successfully implemented various enrichment programs and activities in collaboration with the school administration, further enriching the educational experience of the students.
This information is meant to be a general summary of Bronx Letters 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 2022.
- Investment Income: $13,746
- Gross Receipts: $472,720
Assets and Liabilities:
- Total Assets: $1,156,686
- Total Liabilities: $3,991
- Net Assets: $1,152,695
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Organization Details
Founding Year
2015
Phone
(917) 705-3619Main Address
1202 LEXINGTON AVENUE 202, NEW YORK, NY, 10028
NTEE Category
Code: B94 - Education
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