Overview
What is Friends Of Equality Charter School Inc?
Friends of Equality Charter School Inc. is a nonprofit organization situated in the Bronx, New York, specifically at 2141 Seward Avenue. Their primary objective is to support the educational program of Equality Charter School by maintaining its building and facility. Beyond this, they also offer scholarships to graduating seniors from the school, aiming to help them further their education. The nonprofit's mission is multifaceted, focusing not only on the school's infrastructure but also on the academic journeys of its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Friends Of Equality Charter School Inc has received a low rating primarily due to significant gaps in transparency and financial management practices. Although the organization boasts a fully independent board, it has failed to provide essential financial statements, which has heavily impacted its accountability score. The lack of key policies, including conflict of interest and whistleblower policies, raises concerns regarding governance practices.
On a positive note, the charity shows a commendable commitment to its programs, with a program expense ratio of 93.55%, indicating that a substantial majority of its finances are directed towards its mission-related activities. This focus on program delivery is a strength, suggesting that the organization prioritizes its educational goals over administrative costs.
However, the overall transparency issues cannot be overlooked. Missing documentation on its website and the absence of core governance policies highlight areas needing improvement to enhance trust and credibility among supporters and stakeholders. Addressing these shortcomings will be crucial for the organization to boost its rating and overall efficacy in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Equality Charter School Inc legitimate?
Friends Of Equality Charter School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Equality Charter School 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: $260,648
For more financial information, click here
What is the mission statement of Friends Of Equality Charter School Inc?
Friends of Equality Charter School Inc's mission is centered around supporting the educational program of Equality Charter School. They primarily focus on maintaining the school's building and facility to ensure an optimal learning environment. In addition to this, the organization aims to provide scholarships to graduating seniors from Equality Charter School, thereby helping to alleviate financial burdens associated with higher education. This initiative allows deserving students to pursue their academic goals without financial constraints.
Who is the CEO of Friends Of Equality Charter School Inc?
James Stringfellow is the Treasurer of Friends Of Equality Charter School Inc.
What is the revenue of Friends Of Equality Charter School Inc?
Friends Of Equality Charter School Inc's revenue in 2022 was $1,855,410.
Who are the executives of Friends Of Equality Charter School Inc and what are their salaries?
There 3 volunteers at Friends Of Equality Charter School Inc.
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 Friends Of Equality Charter School Inc?
Friends Of Equality Charter School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Equality Charter School Inc
Friends of Equality Charter School Inc is a nonprofit organization dedicated to supporting the program of Equality Charter School. Its primary mission is to maintain the building and facility where the school operates. Beyond this, the organization has a secondary goal of providing scholarships to graduating seniors from Equality Charter School. By doing so, Friends of Equality Charter School Inc aims to contribute to the continued education and future success of these students. The organization's efforts in maintaining the school's facilities ensure a conducive learning environment for the students, while the scholarships provide financial assistance to deserving individuals, thereby reducing the financial burden on their families and enabling them to pursue higher education.
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Impact
July, 2024
Friends Of Equality Charter School Inc's impact is direct and tangible - they support the program of Equality Charter School by maintaining the building and facility. Additionally, they provide scholarships to graduating seniors from Equality Charter School. This ensures that students have a conducive learning environment and financial assistance to pursue higher education, ultimately contributing to the educational growth and success of the students in the Bronx, NY area.
This information is meant to be a general summary of Friends Of Equality Charter School 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.
- Program Service Revenue: $1,853,410
- Gross Receipts: $1,855,410
Assets and Liabilities:
- Total Assets: $2,539,426
- Total Liabilities: $963,900
- Net Assets: $1,575,526
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,853,410
Organization Details
Founding Year
2016
Phone
(718) 517-3169Principal Officer
James Stringfellow
Main Address
2141 SEWARD AVENUE, BRONX, NY, 10473
NTEE Category
Code: B11 - Education
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