Overview
What is North Star Academy Foundation Inc?
North Star Academy Foundation Inc, headquartered in New York City, was established with the primary goal of supporting North Star Academy Charter School of Newark. This nonprofit organization plays a pivotal role in both the operational and facility expansion aspects of the school. The Foundation's mission is multifaceted, encompassing both the day-to-day operations and the acquisition and development of necessary facilities for the school. By doing so, North Star Academy Foundation Inc contributes to the overall growth and success of the North Star Academy Charter School of Newark.
Official website here: www.uncommonschools.org
What are the reviews and ratings of this charity?
North Star Academy Foundation Inc has been rated at 81% by Charity Navigator, earning it a Three-Star out of Four Star rating. This score is entirely based on Accountability & Finance metrics, indicating solid fiscal responsibility and transparency, aside from some concerns with financial ratios.
The organization excels in accountability measures, including having a majority independent board, strong policy frameworks, and comprehensive oversight processes. However, its Liabilities to Assets Ratio is notably high, presenting potential financial sustainability concerns despite a notable Program Expense Ratio of 100%.
No user reviews were available from GreatNonprofits, so public sentiment and qualitative feedback from users are not documented in this analysis. This absence means reliance is solely on Charity Navigator’s quantitative metrics for evaluating the foundation's performance.
This AI summary has been generated from information found on Charity Navigator.
Is North Star Academy Foundation Inc legitimate?
North Star Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Star Academy 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: $0
For more financial information, click here
Official website here: www.uncommonschools.org
What is the mission statement of North Star Academy Foundation Inc?
The North Star Academy Foundation Inc was established with the primary purpose of supporting North Star Academy Charter School of Newark, both operationally and in the acquisition and development of facilities. This organization's mission is focused on backing the operations of the charter school, thereby contributing to its growth and development. The foundation incurs expenses in support of the North Star Academy Charter School of Newark, as detailed in their Form 990, Part III, Line 1. In essence, the North Star Academy Foundation Inc is dedicated to aiding and fostering the growth of the North Star Academy Charter School of Newark.
Official website here: www.uncommonschools.org
Who is the CEO of North Star Academy Foundation Inc?
Brett Peiser is the Director / Ceo of North Star Academy Foundation Inc. The CEO's salary of North Star Academy Foundation Inc is $0 and their total compensation is $378,123.
Official website here: www.uncommonschools.org
What is the revenue of North Star Academy Foundation Inc?
North Star Academy Foundation Inc's revenue in 2022 was $11,591,147.
Official website here: www.uncommonschools.org
Who are the executives of North Star Academy Foundation Inc and what are their salaries?
There 3 volunteers at North Star Academy Foundation Inc.
Here are 4 key members and their salaries (North Star Academy Foundation Inc's CEO's salary is $0 and their total compensation is $378,123):
- Compensation: $0
- Related: $354,168
- Other: $23,955
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.uncommonschools.org
Where can I find the form 990 for North Star Academy Foundation Inc?
North Star Academy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uncommonschools.org
Learn more at the official website: www.uncommonschools.org
Mission Statement of North Star Academy Foundation Inc
North Star Academy Foundation Inc was established with the primary objective of supporting North Star Academy Charter School of Newark, both operationally and in connection with the acquisition and development of facilities. The foundation's mission is multifaceted, encompassing various expenses essential for the successful operation of the North Star Academy Charter School. This support extends beyond day-to-day operations, as the foundation also plays a crucial role in facilitating the school's facility needs. This information can be found in the organization's Form 990, specifically on Part III, Line 1. The North Star Academy Foundation Inc's role is instrumental in ensuring the smooth operation and growth of the North Star Academy Charter School of Newark.
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Impact
July, 2024
North Star Academy Foundation Inc has a significant impact on the education sector, particularly in supporting the operations and development of North Star Academy Charter School of Newark. By providing financial support for the school's operational needs and facilitating the acquisition and development of facilities, the foundation contributes to enhancing the learning environment for students. This enables the school to continue its mission of providing quality education to its students, ultimately positively impacting the educational outcomes and opportunities for the community it serves.
This information is meant to be a general summary of North Star Academy 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: $848
- Program Service Revenue: $10,535,299
- Gross Receipts: $11,591,147
Assets and Liabilities:
- Total Assets: $174,771,536
- Total Liabilities: $181,210,106
- Net Assets: -$6,438,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,553,427
MANAGEMENT FEES
Revenue
$801,780
INTEREST INCOME
Revenue
$180,092
Organization Details
Founding Year
2016
Phone
(646) 774-2150Principal Officer
Brett Peiser
Main Address
55 BROAD STREET 3RD FLOOR, NEW YORK, NY, 10004
Website
www.uncommonschools.orgNTEE Category
Code: B90 - Education
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