Overview
What is Rosen Parramore Ps 8 Foundation Inc?
Rosen Parramore Ps 8 Foundation Inc is a nonprofit organization situated in Orlando, Florida, specifically at 4000 Destination Parkway. Established with two primary objectives, the foundation intends to support the Parramore neighborhood. Firstly, it plans to establish a preschool for children aged 2 to 4. Secondly, it aims to provide college scholarships for high school graduates hailing from the same neighborhood. The foundation raises funds to support these initiatives, and as per the provided information, it recently distributed scholarships to 11 students from the Parramore community. With a team of 48 employees, the foundation is dedicated to improving the educational and social opportunities for the residents of the Parramore neighborhood.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
The Rosen Parramore Ps 8 Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderately effective organization. While the foundation excels in areas such as having a fully independent board, material diversion of assets, and maintaining detailed board meeting minutes, the overall score reflects some challenges, particularly in fundraising efficiency and working capital management.
Strengths of the foundation include a strong commitment to governance, with full marks awarded for its independent board members and the absence of conflicts of interest. Additionally, the organization demonstrates effective management of program expenses and liabilities, which are critical for maintaining financial health and accountability.
However, the foundation faces limitations concerning its fundraising efficiency, which is significantly low, potentially impacting its ability to sustain and grow its programs. The working capital ratio is another area noted for improvement, suggesting that the foundation may struggle with short-term financial stability. Overall, while the organization has strong governance practices, enhancing its fundraising strategies could bolster its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Rosen Parramore Ps 8 Foundation Inc legitimate?
Rosen Parramore Ps 8 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rosen Parramore Ps 8 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,105,734
For more financial information, click here
What is the mission statement of Rosen Parramore Ps 8 Foundation Inc?
The Rosen Parramore Ps 8 Foundation Inc is established with two primary objectives, both aimed at supporting a specific neighborhood. Firstly, it intends to support a preschool for children aged 2 to 4 years old. Secondly, the foundation provides college scholarships for high school graduates originating from the same neighborhood. The foundation's charitable and educational initiatives are funded through contributions, ensuring that these opportunities become accessible to the community.
Who is the CEO of Rosen Parramore Ps 8 Foundation Inc?
James E Bina is the Chairman / Director of Rosen Parramore Ps 8 Foundation Inc.
What is the revenue of Rosen Parramore Ps 8 Foundation Inc?
Rosen Parramore Ps 8 Foundation Inc's revenue in 2022 was $2,456,128.
Who are the executives of Rosen Parramore Ps 8 Foundation Inc and what are their salaries?
The average compensation at Rosen Parramore Ps 8 Foundation Inc during 2022 was $23,036. There are 48 employees and 8 volunteers at Rosen Parramore Ps 8 Foundation Inc.
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Where can I find the form 990 for Rosen Parramore Ps 8 Foundation Inc?
Rosen Parramore Ps 8 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rosen Parramore Ps 8 Foundation Inc
The Rosen Parramore Ps 8 Foundation Inc is dedicated to supporting a charitable and educational cause, specifically focusing on the Parramore neighborhood in Orlando, Florida. Its primary objective is to establish and maintain a preschool for children aged 2, 3, and 4. Additionally, the foundation aims to fund college scholarships for high school graduates hailing from the same neighborhood. Through its contributions, the foundation seeks to foster educational opportunities and lay a strong foundation for the future of these students. As of now, the foundation has provided scholarships to 11 deserving students from the Parramore neighborhood, demonstrating its commitment to empowering the community's youth.
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Impact
July, 2024
Rosen Parramore Ps 8 Foundation Inc's impact can be seen through the scholarships provided to 11 students from the Parramore neighborhood in Orlando, Florida. These scholarships have helped support the educational aspirations of these students and contribute to their future success. By funding college scholarships for graduating high school students in the Parramore neighborhood, the foundation is making a meaningful investment in the education and development of the local community.
This information is meant to be a general summary of Rosen Parramore Ps 8 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: $850
- Program Service Revenue: $120,359
- Gross Receipts: $2,456,128
Assets and Liabilities:
- Total Assets: $606,520
- Total Liabilities: $22,375
- Net Assets: $584,145
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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
$120,359
Organization Details
Founding Year
2016
Phone
(407) 996-9840Principal Officer
James E Bina
Main Address
4000 DESTINATION PARKWAY, ORLANDO, FL, 32819
NTEE Category
Code: B21 - Education
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