Overview
What is Salem Academy Charter School Foundation Inc?
Salem Academy Charter School Foundation Inc is a charitable organization, headquartered at 45 Congress Street, Salem, Massachusetts 01970. Its primary mission is to bolster the activities of Salem Academy Charter School. This nonprofit organization's work encompasses various aspects, all aimed at supporting the school's operations. By doing so, it contributes to the educational growth and development of the students within the Salem Academy Charter School community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Salem Academy Charter School Foundation Inc has earned an 82% score, reflecting a strong commitment to accountability and finance. This rating is derived solely from its accountability and finance metrics, indicating that the organization is well-structured in managing its resources. The foundation showcases a high level of transparency with an entirely independent board and full compliance in documenting board meeting minutes.
Strengths of the organization include a solid ratio of program expenses to total expenses, demonstrating that nearly all funds are allocated towards its educational initiatives. Additionally, the lack of any material diversion of assets and a healthy liabilities-to-assets ratio further signify its financial stability and responsible governance. The foundation’s audit and oversight practices are also robust, highlighting a commitment to ethical financial management.
However, while the overall rating is strong, potential contributors and stakeholders may want to consider the absence of a broader evaluative context beyond the financial aspects. This focus on accountability and finance is commendable, but additional insight into the impact of its programs and community engagement could provide a more comprehensive picture of the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Academy Charter School Foundation Inc legitimate?
Salem Academy Charter School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Academy Charter School Foundation 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 Salem Academy Charter School Foundation Inc?
The Salem Academy Charter School Foundation Inc. is dedicated to supporting the activities of Salem Academy Charter School. This mission is carried out by providing necessary resources and assistance to enhance the educational experience and overall operation of the school. By doing so, the foundation aims to contribute positively to the educational journey of the students and the school community as a whole. The foundation may also support various school events, initiatives, and programs that align with its mission.
Who is the CEO of Salem Academy Charter School Foundation Inc?
Stephanie Callahan is the President of Salem Academy Charter School Foundation Inc.
What is the revenue of Salem Academy Charter School Foundation Inc?
Salem Academy Charter School Foundation Inc's revenue in 2023 was $866,381.
Who are the executives of Salem Academy Charter School Foundation Inc and what are their salaries?
There 8 volunteers at Salem Academy Charter School Foundation Inc.
Here are 8 key members and their salaries:
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- Related: $203,640
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Where can I find the form 990 for Salem Academy Charter School Foundation Inc?
Salem Academy Charter School Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Salem Academy Charter School Foundation Inc
Salem Academy Charter School Foundation Inc is committed to supporting the activities of Salem Academy Charter School. In essence, the foundation's mission is to contribute to the school's initiatives and programs, ensuring its continued operation and success. By providing essential resources and assistance, the foundation aims to enhance the learning experience and opportunities for the students at Salem Academy Charter School. The foundation's role is crucial in upholding the school's mission and promoting its growth and development.
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Impact
July, 2024
Salem Academy Charter School Foundation Inc's impact is focused on supporting the activities of Salem Academy Charter School in Salem, Massachusetts. Through its support, the foundation plays a crucial role in enhancing the educational experience and opportunities available to the students who attend the school. By providing resources and assistance, the foundation helps to strengthen the school's programs and initiatives, ultimately contributing to the success and development of the students.
This information is meant to be a general summary of Salem Academy Charter School Foundation 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 2023.
- Investment Income: $8,210
- Gross Receipts: $866,381
Assets and Liabilities:
- Total Assets: $948,260
- Total Liabilities: $3,796
- Net Assets: $944,464
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Organization Details
Founding Year
2003
Phone
(978) 744-2105Principal Officer
Stephanie Callahan
Main Address
45 CONGRESS STREET, SALEM, MA, 01970
NTEE Category
Code: B11 - Education
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