Overview
What is Rochester Prep Foundation Inc?
Rochester Prep Foundation Inc is a nonprofit organization situated in New York City, specifically at 55 Broad Street 3rd Floor, New York, NY 10004. Its primary purpose is to support True North Rochester Preparatory Charter School of Rochester, both operationally and in relation to the acquisition and development of facilities. The foundation's activities are focused on assisting this educational institution, thereby contributing to the community's educational landscape.
Official website here: www.uncommonschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Score: 74%, Two-Star out of Four Star rating
Rochester Prep Foundation Inc has received a Two-Star rating from Charity Navigator due to its overall score of 74%. The organization demonstrates strong accountability and financial practices, highlighted by a perfect score in the Accountability & Finance category. It has an independent board with a majority of members, effective financial oversight, and no material diversion of assets, indicating a commitment to transparency and ethical governance.
However, the foundation's rating is affected by some limitations. Notably, its independent board size is small, with only two independent members, which raises concerns about governance. Additionally, while the organization excels in program expenses, its liabilities to assets ratio is relatively high at 81.44%, which could indicate financial strain. The absence of the tax form on the nonprofit's website is also a point of concern for potential donors looking for transparency.
While Rochester Prep Foundation Inc shows strengths in key areas, prospects should consider both its positive aspects and the areas needing improvement before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Prep Foundation Inc legitimate?
Rochester Prep Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Prep 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 Rochester Prep Foundation Inc?
The Rochester Prep Foundation was established with a mission to support the True North Rochester Preparatory Charter School of Rochester, both operationally and in relation to the acquisition and development of facilities. Its primary role involves covering expenses associated with the school's operations. According to the organization's Form 990, the mission statement is specifically focused on aiding the school in its operations and facility development. The Foundation's actions are geared towards enhancing the educational environment and opportunities for the students at the True North Rochester Preparatory Charter School.
Official website here: www.uncommonschools.org
Who is the CEO of Rochester Prep Foundation Inc?
Brett Peiser is the CEO of Rochester Prep Foundation Inc The CEO's salary of Rochester Prep Foundation Inc is $0 and their total compensation is $542,362.
Official website here: www.uncommonschools.org
What is the revenue of Rochester Prep Foundation Inc?
Rochester Prep Foundation Inc's revenue in 2023 was $2,386,830.
Official website here: www.uncommonschools.org
Who are the executives of Rochester Prep Foundation Inc and what are their salaries?
There 2 volunteers at Rochester Prep Foundation Inc.
Here are 3 key members and their salaries (Rochester Prep Foundation Inc's CEO's salary is $0 and their total compensation is $542,362):
- Compensation: $0
- Related: $497,653
- Other: $44,709
- 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 Rochester Prep Foundation Inc?
Rochester Prep Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.uncommonschools.org
Learn more at the official website: www.uncommonschools.org
Mission Statement of Rochester Prep Foundation Inc
Rochester Prep Foundation is an organization established with the primary objective of supporting True North Rochester Preparatory Charter School of Rochester. Their mission encompasses both operational assistance and facilitating the acquisition and development of necessary facilities for this educational institution. The organization's expenses are primarily directed towards aiding True North Rochester Preparatory Charter School, as indicated in their financial reports.
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Impact
July, 2024
Rochester Prep Foundation Inc's impact centers around supporting True North Rochester Preparatory Charter School in Rochester, New York. The foundation's mission is to provide operational support and aid in the acquisition and development of facilities for the school. By covering expenses related to supporting the charter school, Rochester Prep Foundation plays a crucial role in ensuring that students receive a quality education. Their focus on education demonstrates a commitment to empowering young minds and fostering academic growth within the community.
This information is meant to be a general summary of Rochester Prep 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 2023.
- Investment Income: $100,237
- Program Service Revenue: $2,168,593
- Gross Receipts: $2,386,830
Assets and Liabilities:
- Total Assets: $43,237,729
- Total Liabilities: $35,186,672
- Net Assets: $8,051,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,106,501
INTEREST INCOME
Revenue
$62,092
Organization Details
Founding Year
2016
Principal Officer
Brett Peiser
Website
www.uncommonschools.orgNTEE Category
Code: B11 - Education
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