Overview
What is Friends Of Brooklyn Laboratory Charter Schools Inc?
Friends of Brooklyn Laboratory Charter Schools Inc is a small-scale, nonprofit organization situated in Brooklyn, New York. Its primary mission is to support the operation of Brooklyn Laboratory Charter Schools Inc, enhancing the educational experience of its students. The organization accomplishes this by managing the schools' real estate and facilities-related needs, as well as raising funds and resources to provide additional support. By doing so, Friends of Brooklyn Laboratory Charter Schools Inc contributes to the overall well-being and success of the students attending these charter schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Friends Of Brooklyn Laboratory Charter Schools Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. With an overall score of 64%, the nonprofit demonstrates strong accountability through its 100% independent board membership and adherence to conflict of interest, whistleblower, and document retention policies. Additionally, the organization reports no material diversion of assets, which reflects positively on its governance.
However, there are critical gaps in transparency and financial reporting that have contributed to its lower rating. The nonprofit lacks financial statements, resulting in a score of 0 in this area, and it has a concerning liabilities to assets ratio of 115.71%. Although the program expense ratio is commendable at 87.77%, indicating that a significant portion of expenditures supports its mission, the absence of a publicly accessible website and detailed financial records raises questions about its overall operational transparency.
In summary, while Friends Of Brooklyn Laboratory Charter Schools Inc shows commendable governance practices and a strong focus on its programmatic work, it must address its financial reporting and transparency issues to improve its rating and enhance trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Brooklyn Laboratory Charter Schools Inc legitimate?
Friends Of Brooklyn Laboratory Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Brooklyn Laboratory Charter Schools 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: $304,490
For more financial information, click here
What is the mission statement of Friends Of Brooklyn Laboratory Charter Schools Inc?
Friends of Brooklyn Laboratory Charter Schools Inc's mission is centered around supporting the operations of Brooklyn Laboratory Charter Schools. Specifically, the organization manages the schools' real estate and facilities-related needs, and raises funds and resources to enhance the educational experience for the students. By providing this support, Friends of Brooklyn Laboratory Charter Schools aims to contribute positively to the schools' operations. The organization's activities are focused on ensuring the schools have the necessary resources to offer a high-quality learning environment for their students.
Who is the CEO of Friends Of Brooklyn Laboratory Charter Schools Inc?
Noah Radford is the Principal Officer of Friends Of Brooklyn Laboratory Charter Schools Inc.
What is the revenue of Friends Of Brooklyn Laboratory Charter Schools Inc?
Friends Of Brooklyn Laboratory Charter Schools Inc's revenue in 2022 was $4,243,219.
Who are the executives of Friends Of Brooklyn Laboratory Charter Schools Inc and what are their salaries?
The average compensation at Friends Of Brooklyn Laboratory Charter Schools Inc during 2022 was $101,497. There are 3 employees and 5 volunteers at Friends Of Brooklyn Laboratory Charter Schools Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Friends Of Brooklyn Laboratory Charter Schools Inc?
Friends Of Brooklyn Laboratory Charter Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Brooklyn Laboratory Charter Schools Inc
Friends of Brooklyn Laboratory Charter Schools Inc is dedicated to supporting the operation of Brooklyn Laboratory Charter Schools, ensuring a superior learning experience for its students. The organization manages the schools' real estate and facilities-related needs, and works tirelessly to raise funds and resources. By doing so, Friends of Brooklyn Laboratory Charter Schools Inc enables the corporation to provide additional support to the schools, thereby enhancing the overall educational experience for the students. In essence, the mission of Friends of Brooklyn Laboratory Charter Schools Inc is to act as a catalyst for growth and improvement within the Brooklyn Laboratory Charter Schools, fostering an environment that nurtures the academic and personal development of its students.
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Impact
July, 2024
Friends Of Brooklyn Laboratory Charter Schools Inc's impact is focused on supporting the operation of Brooklyn Laboratory Charter Schools, Inc. This includes managing the schools' real estate and facilities-related needs, as well as raising funds and resources to enhance the experience of the schools' students. By providing this support, the organization plays a crucial role in ensuring that the schools can effectively educate and empower their students in Brooklyn, NY.
This information is meant to be a general summary of Friends Of Brooklyn Laboratory Charter Schools 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: $232
- Program Service Revenue: $4,242,987
- Gross Receipts: $4,243,219
Assets and Liabilities:
- Total Assets: $14,337,899
- Total Liabilities: $17,115,531
- Net Assets: -$2,777,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED RENTAL
Revenue
$4,242,987
Organization Details
Founding Year
2017
Phone
(877) 829-5500Principal Officer
Noah Radford
Main Address
240 JAY STREET, BROOKLYN, NY, 11201
NTEE Category
Code: B12 - Education
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