Overview
What is Friends Of Ascend Charter Schools Inc?
Friends of Ascend Charter Schools Inc is a Brooklyn, New York-based nonprofit organization that wholeheartedly supports Ascend Charter Schools (ACS), a network of K-12 public charter schools in the area. By expertly managing ACS' real estate and facilities-related needs, Friends of Ascend Charter Schools Inc ensures the schools operate efficiently. Furthermore, they actively raise funds and resources to enhance the students' experiences. Through their dedicated efforts, the organization enables ACS to provide essential support and improvements. Their mission is deeply rooted in championing the success of Ascend Charter Schools.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Friends Of Ascend Charter Schools Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating is based entirely on its Accountability & Finance score of 79%, reflecting the organization's commitment to transparent and responsible financial practices.
The organization excels in several areas, including having a fully independent board and robust financial statements, which have been audited without issues. It also has strong policies in place regarding conflict of interest, whistleblowing, and document retention, demonstrating a commitment to ethical governance. Furthermore, a significant portion of its expenses is directed towards its programs, with a program expense ratio of 82.79%, indicating efficient use of resources to fulfill its mission.
However, a notable limitation is the organization's liabilities to assets ratio, which scored poorly at 0 out of 15 points. This suggests that the organization may face challenges in managing its liabilities relative to its assets, which could impact its financial stability in the long term. Overall, while the nonprofit shows strengths in various governance aspects, addressing its liabilities will be crucial for future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Ascend Charter Schools Inc legitimate?
Friends Of Ascend Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Ascend 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: $0
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What is the mission statement of Friends Of Ascend Charter Schools Inc?
Friends of Ascend Charter Schools Inc is a non-profit organization dedicated to supporting the operations of Ascend Charter Schools. Through managing real estate and facilities-related needs, and by raising funds and resources, the organization enables Ascend Charter Schools to provide additional support and enhance the educational experience for their students. Friends of Ascend Charter Schools Inc plays a crucial role in ensuring the smooth functioning of the network of K-12 public charter schools, located in various areas, by leasing facilities to the organization.
Who is the CEO of Friends Of Ascend Charter Schools Inc?
Rick Arroyo is the President of Friends Of Ascend Charter Schools Inc.
What is the revenue of Friends Of Ascend Charter Schools Inc?
Friends Of Ascend Charter Schools Inc's revenue in 2022 was $16,484,620.
Who are the executives of Friends Of Ascend Charter Schools Inc and what are their salaries?
There 3 volunteers at Friends Of Ascend Charter Schools Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of Ascend Charter Schools Inc?
Friends Of Ascend Charter Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Ascend Charter Schools Inc
Friends of Ascend Charter Schools Inc is a dedicated organization that plays a crucial role in supporting the operations of Ascend Charter Schools. With a mission to enhance the educational experience of students, the organization manages real estate and facilities-related needs for Ascend Charter Schools. By leasing facilities to the network of K-12 public charter schools located in various areas, Friends of Ascend Charter Schools ensures that Ascend Charter Schools have the necessary resources to focus on delivering quality education.
Moreover, the organization goes beyond managing facilities and raises funds and resources to provide additional support to Ascend Charter Schools. Friends of Ascend Charter Schools Inc believes that by enabling the organization to offer extra assistance, it can significantly improve the learning environment for students. The funds raised are put to good use, allowing Ascend Charter Schools to invest in programs, initiatives, and resources that cater to the unique needs of their students. In this way, the organization directly contributes to the success and growth of Ascend Charter Schools and the students they serve.
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Impact
October, 2024
Friends of Ascend Charter Schools Inc. plays a crucial role in enhancing the educational landscape of Brooklyn, New York, by supporting the operations of Ascend Charter Schools (ACS). By managing real estate and facilities-related needs, the organization ensures that ACS has the necessary infrastructure to provide quality education to its students. Additionally, through fundraising and resource mobilization, Friends of Ascend is able to provide essential support that enriches the educational experience for students attending these K-12 public charter schools.
The organization’s efforts help create an environment conducive to learning, ensuring that students have access to adequate facilities and resources that can facilitate their academic and personal growth. This support not only sustains the operational aspects of the schools but also enables them to focus on delivering high-quality education, fostering a positive learning atmosphere, and ultimately helping students reach their full potential. The impact of Friends of Ascend significantly contributes to the overall mission of improving educational outcomes in the community it serves.
This information is meant to be a general summary of Friends Of Ascend 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.
- Program Service Revenue: $16,484,620
- Gross Receipts: $16,484,620
Assets and Liabilities:
- Total Assets: $52,287,360
- Total Liabilities: $49,338,406
- Net Assets: $2,948,954
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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
$16,484,620
Organization Details
Founding Year
2017
Phone
(877) 829-5500Principal Officer
Rick Arroyo
Main Address
205 ROCKAWAY PARKWAY, BROOKLYN, NY, 11212
NTEE Category
Code: B11 - Education
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