Overview
What is Friends Of Chattanooga Prep Inc?
Friends of Chattanooga Prep Inc, established in 2016, is a nonprofit organization situated in Chattanooga, Tennessee. Their primary mission is to promote single-sex educational policies, practices, and structures to enhance academic success among boys and young men. This is achieved through their sponsorship of Chattanooga Prep, a public charter school established under the Tennessee Public Charter School Act of 2002. The organization offers ongoing assistance and support to this school, aiming to improve educational opportunities for boys in Hamilton County, TN.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Friends Of Chattanooga Prep Inc has received a solid Three-Star rating from Charity Navigator, indicating a favorable assessment of its overall performance. The organization scored an impressive 85% in the Accountability & Finance category, highlighting its commitment to transparency and responsible management of resources.
One of the standout features of the charity is its board composition, which consists entirely of independent members, ensuring unbiased decision-making. The organization demonstrates strong financial practices, with 100% of its expenses directed towards program services and an exceptional working capital ratio of 17.26 years, ensuring long-term sustainability.
Additionally, Friends Of Chattanooga Prep Inc exhibits robust governance practices, including the documentation of board meeting minutes and a well-defined conflict of interest policy. While the charity shows notable strengths in various areas, continued monitoring of its financial health and operational efficacy will be essential for maintaining its positive impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Chattanooga Prep Inc legitimate?
Friends Of Chattanooga Prep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Chattanooga Prep 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: $11,800
For more financial information, click here
What is the mission statement of Friends Of Chattanooga Prep Inc?
Friends of Chattanooga Prep Inc is committed to supporting single-sex educational policies, practices, and structures that contribute to improved academic success among boys and young men. They accomplish this by acting as the sponsor of a public charter school, Chattanooga Prep, established under the Tennessee Public Charter School Act of 2002. The organization, founded in 2016, aims to enhance educational opportunities for boys in Hamilton County, Tennessee, by providing ongoing assistance and support to Chattanooga Prep.
Who is the CEO of Friends Of Chattanooga Prep Inc?
Ted Alling is the Chair of Friends Of Chattanooga Prep Inc.
What is the revenue of Friends Of Chattanooga Prep Inc?
Friends Of Chattanooga Prep Inc's revenue in 2022 was $1,097,526.
Who are the executives of Friends Of Chattanooga Prep Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Friends Of Chattanooga Prep Inc?
Friends Of Chattanooga Prep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Chattanooga Prep Inc
Friends of Chattanooga Prep Inc is dedicated to promoting single-sex educational policies, practices, and structures that contribute to enhanced academic success among boys and young men. In line with this mission, the organization serves as the sponsor of a public charter school, Chattanooga Prep, established under the Tennessee Public Charter School Act of 2002. By providing ongoing assistance and support, Friends of Chattanooga Prep Inc aims to enhance educational opportunities for boys in Hamilton County, Tennessee. The organization's commitment to supporting single-sex education is driven by the belief that this approach can lead to improved academic outcomes for young males, ultimately contributing to their overall personal and professional growth.
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Impact
July, 2024
Friends Of Chattanooga Prep Inc's impact lies in enhancing educational opportunities for boys in Hamilton County, Tennessee. By sponsoring the Chattanooga Preparatory School, the organization provides ongoing assistance and support to implement single-sex educational policies, practices, and structures that contribute to increased academic success among boys and young men. Through their focused mission, they aim to make a positive difference in the educational outcomes and futures of the students they serve.
This information is meant to be a general summary of Friends Of Chattanooga Prep 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.
- Gross Receipts: $1,097,526
Assets and Liabilities:
- Total Assets: $13,976,091
- Total Liabilities: $8,615,512
- Net Assets: $5,360,579
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Organization Details
Founding Year
2016
Phone
(423) 664-5722Principal Officer
Ted Alling
Main Address
1802 BAILEY AVENUE, CHATTANOOGA, TN, 37404
NTEE Category
Code: B19 - Education
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