Overview
What is The Foundry Inc?
The Foundry Inc, a nonprofit organization situated in Peachtree City, GA, disrupts traditional high school education by encouraging students to fully utilize their abilities and talents. This is achieved through a curriculum that combines rigorous, meaningful classroom work and real-world experiences. The Foundry's mission is to prepare students for long-term success, empowering them to reach their full potential. By offering secondary school education, this innovative institution aims to equip its students with the skills and mindset needed to excel in their future endeavors.
Official website here: www.thefoundryschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
The Foundry Inc has received a low rating of 54%, translating to a One-Star designation, primarily due to its Accountability & Finance scoring. This score is heavily influenced by several governance and transparency factors, including a lack of independent board members and missing key policies such as conflict of interest and whistleblower protections. The absence of financial statements further raises concerns about the organization’s transparency.
Despite these limitations, The Foundry Inc demonstrates a strong commitment to its programming, with a program expense ratio of 99.10%, indicating that nearly all of its expenditures are directed towards its mission. Additionally, the organization has maintained a low liabilities to assets ratio of 39.29%, showcasing its financial stability in relation to its obligations.
However, the organization must address significant governance shortcomings to improve its accountability ratings. Implementation of essential policies and increasing board independence could enhance trust with donors and stakeholders, ultimately leading to a more favorable evaluation in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundry Inc legitimate?
The Foundry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundry 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: $338,350
For more financial information, click here
Official website here: www.thefoundryschool.org
What is the mission statement of The Foundry Inc?
The mission of The Foundry Inc. is to revolutionize education by empowering students to utilize their abilities and talents effectively. This is achieved by offering challenging and meaningful work in both the classroom and real-world settings. The goal is to equip students with the necessary skills to reach their full potential and succeed in their future endeavors. The Foundry focuses on secondary education, helping students develop a comprehensive understanding of how to fully utilize their gifts and talents.
Official website here: www.thefoundryschool.org
Who is the CEO of The Foundry Inc?
Jennifer Switzer is the Director of The Foundry Inc.
Official website here: www.thefoundryschool.org
What is the revenue of The Foundry Inc?
The Foundry Inc's revenue in 2022 was $547,009.
Official website here: www.thefoundryschool.org
Who are the executives of The Foundry Inc and what are their salaries?
The average compensation at The Foundry Inc during 2022 was $7,869. There are 43 employees at The Foundry Inc.
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Official website here: www.thefoundryschool.org
Where can I find the form 990 for The Foundry Inc?
The Foundry Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefoundryschool.org
Learn more at the official website: www.thefoundryschool.org
Mission Statement of The Foundry Inc
The Foundry, a nonprofit organization, redefines education by encouraging high school students to unlock their inherent abilities and talents. Their mission is to equip these students with the necessary skills to achieve their full potential by immersing them in challenging, meaningful work, both in the classroom and the real world. The Foundry's educational approach is geared towards nurturing future leaders who are well-equipped to navigate their careers with confidence and success.
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Impact
July, 2024
The Foundry Inc's impact lies in redefining education for high school students by helping them tap into their full potential through challenging and engaging work. Located in Peachtree City, GA, The Foundry equips students with a deep understanding of how to harness their gifts and talents, preparing them for success in both the classroom and the real world. Through its unique approach, The Foundry aims to empower students to reach their fullest potential and thrive in their future endeavors.
This information is meant to be a general summary of The Foundry 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: $136
- Program Service Revenue: $424,817
- Gross Receipts: $547,009
Assets and Liabilities:
- Total Assets: $247,533
- Total Liabilities: $183,991
- Net Assets: $63,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$424,817
Organization Details
Founding Year
2018
Phone
(404) 333-8629Principal Officer
Jennifer Switzer
Main Address
PO BOX 2648, PEACHTREE CITY, GA, 30269
Website
www.thefoundryschool.orgNTEE Category
Code: B25 - Education
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