Overview
What is Sss Education Foundation?
Sss Education Foundation is a nonprofit organization based in Mesquite, Texas, with a primary focus on supporting charter educational organizations across the USA. Their mission encompasses two key areas: firstly, facilitating campus development projects for public charter schools, involving designing, financing, property ownership, leasing, and managing affordable facilities. Secondly, they provide college tuition assistance in the form of scholarships and grants for charter school graduates, aiming to foster higher education opportunities. This foundation's work contributes to enhancing educational access and affordability for students and charter schools in the United States.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (57%)
The Sss Education Foundation has received a One-Star rating due to a low Accountability & Finance score of 57%. This rating indicates significant concerns regarding the organization's financial transparency and governance practices. Although they have a majority of independent board members, their overall performance in accountability metrics is lacking, particularly in the areas of financial statements and tax form availability.
One of the strengths noted is the organization's strong program expense ratio, which stands at an impressive 99.86%. This suggests that the majority of their expenses are directed towards their programs, indicating a commitment to their mission. Additionally, the presence of a conflict of interest policy, whistleblower policy, and documented board meeting minutes reflects some level of governance and structure within the organization.
However, the lack of financial statements and missing tax forms on their website raise serious questions about transparency and accountability. The liabilities to assets ratio of 105.61% further indicates potential financial instability. Overall, while the foundation demonstrates a focus on program expenses, the significant weaknesses in financial reporting and governance practices need to be addressed to improve their rating and trustworthiness among donors.
This AI summary has been generated from information found on Charity Navigator.
Is Sss Education Foundation legitimate?
Sss Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sss Education Foundation 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 Sss Education Foundation?
The Sss Education Foundation's mission is centered around supporting charter educational organizations in the United States. Its primary objectives include facilitating the development of affordable campuses for public charter schools through designing, financing, and leasing properties. The foundation also aims to help charter school graduates pursue higher education by providing scholarships and grants for college tuition. This initiative is intended to make higher education more accessible to a wider audience.
Who is the CEO of Sss Education Foundation?
Shubham Pandey is the Executive Di of Sss Education Foundation.
What is the revenue of Sss Education Foundation?
Sss Education Foundation's revenue in 2022 was $6,024,322.
Who are the executives of Sss Education Foundation and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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Where can I find the form 990 for Sss Education Foundation?
Sss Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sss Education Foundation
Sss Education Foundation, a nonprofit organization, is dedicated to supporting Meadow Oaks Education Foundation and other charter educational organizations based in the United States. Its primary aim is to facilitate the development of affordable charter school campuses. This includes designing, financing, and leasing properties for these schools, as well as managing rent and expenses related to these activities. This initiative ensures that public charter schools have access to facilities at or below market rates.
Beyond campus development, Sss Education Foundation also focuses on higher education opportunities for charter school graduates. It achieves this by providing scholarships and grants in the form of college tuition assistance. This commitment to education extends beyond the classroom, enabling deserving individuals to pursue higher education and potentially pave the way for a better future.
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Impact
July, 2024
Sss Education Foundation plays a vital role in supporting Meadow Oaks Education Foundation and other charter educational organizations across the USA. It achieves this by facilitating the development of charter school campuses, providing affordable facilities for public charter schools at or below market rates. Additionally, the foundation helps charter school graduates attain higher education by offering college tuition assistance in the form of scholarships and grants. Through these initiatives, Sss Education Foundation significantly impacts the accessibility and affordability of education for students within the charter school system, ultimately contributing to the academic and professional success of individuals in these communities.
This information is meant to be a general summary of Sss Education Foundation. 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: $5,790,207
- Gross Receipts: $6,024,322
Assets and Liabilities:
- Total Assets: $78,449,539
- Total Liabilities: $81,538,548
- Net Assets: -$3,089,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE REVENUE
Revenue
$5,790,207
Organization Details
Founding Year
2018
Phone
(972) 375-9672Principal Officer
Shubham Pandey
Main Address
1412 S BELT LINE ROAD, MESQUITE, TX, 75149
NTEE Category
Code: B19 - Education
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