Overview
What is Strategic Facility Partners Inc?
Strategic Facility Partners Inc, based in Columbus, Ohio, is a nonprofit organization committed to improving living and learning environments at educational institutions across the United States. Their primary objective is to alleviate governmental burdens and foster both social welfare and student development. They accomplish this through a variety of activities, including funding, construction, ownership, and operation of student housing and amenities at both public and private colleges and universities. By doing so, they aim to enhance the overall experience and interactions within these communities.
Official website here: www.strategicfp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Star rating)
Strategic Facility Partners Inc has received a poor rating of 39% from Charity Navigator, which reflects serious concerns regarding its accountability and financial transparency. The organization lacks independent board members, which raises questions about governance and oversight. Additionally, it has not provided financial statements, a critical element for assessing the organization's fiscal health and operational integrity.
The nonprofit shows some strengths, particularly in its program expense ratio, which stands at an impressive 83.45%. This indicates that a significant portion of its resources is directed toward its programs rather than administrative expenses. However, the absence of a conflict of interest policy, whistleblower policy, and a document retention policy highlights gaps in its governance practices, which could compromise the organization's efficacy and credibility.
Overall, the lack of independent oversight and transparency measures, coupled with missing key policies, suggests that potential donors and stakeholders should exercise caution. While the high program expense ratio is positive, the overall financial management and governance practices need substantial improvement to build trust and ensure the organization operates effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Strategic Facility Partners Inc legitimate?
Strategic Facility Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Strategic Facility Partners 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: $45,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,559
For more financial information, click here
Official website here: www.strategicfp.org
What is the mission statement of Strategic Facility Partners Inc?
Strategic Facility Partners Inc's mission is centered around enhancing the living and learning environments at educational institutions across the United States. The organization aims to alleviate governmental burdens and promote both social welfare and student development. To achieve this, SFP engages in various activities, such as funding, constructing, owning, and operating student housing and amenities at both public and private colleges and universities, thereby improving the overall experience and interactions within these communities.
Official website here: www.strategicfp.org
Who is the CEO of Strategic Facility Partners Inc?
Richard C Rieth is the President of Strategic Facility Partners Inc.
Official website here: www.strategicfp.org
What is the revenue of Strategic Facility Partners Inc?
Strategic Facility Partners Inc's revenue in 2022 was $2,385,671.
Official website here: www.strategicfp.org
Who are the executives of Strategic Facility Partners Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $22,838
- Related: $0
- Other: $0
- Compensation: $22,838
- Related: $0
- Other: $0
Official website here: www.strategicfp.org
Where can I find the form 990 for Strategic Facility Partners Inc?
Strategic Facility Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.strategicfp.org
Learn more at the official website: www.strategicfp.org
Mission Statement of Strategic Facility Partners Inc
Strategic Facility Partners Inc, a nonprofit organization, is dedicated to enhancing the living and learning experiences of communities within educational institutions across the United States. Their primary objective is to alleviate governmental burdens and promote both social welfare and student development. They achieve this mission by engaging in a variety of activities, such as funding, constructing, owning, and operating student housing and amenities at both public and private colleges and universities. By doing so, Strategic Facility Partners Inc contributes to creating enriching living and learning environments, fostering interactions within the community, and ultimately supporting the growth and development of students.
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Impact
July, 2024
Strategic Facility Partners Inc's impact lies in enhancing the living and learning environments for educational communities across the United States. Through their activities such as funding, constructing, owning, and operating student housing and amenities at public and private colleges and universities, they contribute to lessening the burdens on government while promoting social welfare and student development. Their mission focuses on creating conducive environments that facilitate interactions and promote overall community well-being within educational institutions.
This information is meant to be a general summary of Strategic Facility Partners 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: $2,368,229
- Gross Receipts: $2,385,671
Assets and Liabilities:
- Total Assets: $15,816,450
- Total Liabilities: $16,276,923
- Net Assets: -$460,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,283,578
ASSET MANAGEMENT FEES
Revenue
$49,115
OTHER INCOME
Revenue
$35,536
Organization Details
Founding Year
2017
Phone
(614) 795-7424Principal Officer
Richard C Rieth
Main Address
35 NORTH 4TH STREET 350, COLUMBUS, OH, 43215
Website
www.strategicfp.orgNTEE Category
Code: B80 - Education
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