Overview
What is Patel Institute For Innovation Inc?
Patel Institute For Innovation Inc is a nonprofit organization situated in Tampa, Florida, specifically at 10721 Raulerson Ranch Road, with a total workforce of 122 individuals. Their primary mission is to establish and manage two public charter schools within Hillsborough County, Florida. The organization's focus is on providing quality education within the local community.
Official website here: www.patelhighschool.org/
What are the reviews and ratings of this charity?
**Patel Institute For Innovation Inc: 77% (Three-Star out of Four Star Rating)**
The Patel Institute For Innovation Inc has earned a Three-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The organization scored particularly well in areas such as having a fully independent board and policies for audits and oversight. However, it has received a lower score for its liabilities to assets ratio, indicating potential financial risks.
One of the notable strengths of the organization is its high program expense ratio, which suggests that the majority of its funds are directed toward fulfilling its mission rather than administrative costs. Nevertheless, the absence of a whistleblower policy raises some concerns regarding transparency in governance.
Unfortunately, user reviews from GreatNonprofits could not be accessed, limiting the insights into the community's experiences and sentiments concerning the nonprofit. Overall, while Patel Institute for Innovation demonstrates robust financial accountability, the evaluation of its impact and community engagement remains incomplete.
This AI summary has been generated from information found on Charity Navigator.
Is Patel Institute For Innovation Inc legitimate?
Patel Institute For Innovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patel Institute For Innovation 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:
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Official website here: www.patelhighschool.org/
What is the mission statement of Patel Institute For Innovation Inc?
The Patel Institute for Innovation Inc. is dedicated to operating two public charter schools. Their primary mission is to provide educational opportunities within Hillsborough County, Florida. The institution aims to create an innovative learning environment, fostering the growth and development of its students. By operating these schools, the Patel Institute contributes to the local educational landscape, offering alternative educational options to the community.
Official website here: www.patelhighschool.org/
Who is the CEO of Patel Institute For Innovation Inc?
Ray Jacobs is the Chair of Patel Institute For Innovation Inc.
Official website here: www.patelhighschool.org/
What is the revenue of Patel Institute For Innovation Inc?
Patel Institute For Innovation Inc's revenue in 2023 was $10,257,129.
Official website here: www.patelhighschool.org/
Who are the executives of Patel Institute For Innovation Inc and what are their salaries?
There are 122 employees and 25 volunteers at Patel Institute For Innovation Inc.
Here are 7 key members and their salaries:
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Official website here: www.patelhighschool.org/
Where can I find the form 990 for Patel Institute For Innovation Inc?
Patel Institute For Innovation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.patelhighschool.org/
Learn more at the official website: www.patelhighschool.org/
Mission Statement of Patel Institute For Innovation Inc
Patel Institute For Innovation Inc is committed to operating two public charter schools in Hillsborough County, Florida. The nonprofit's primary mission is to provide quality educational opportunities within these schools, ensuring that each student receives a well-rounded and engaging learning experience. By operating these schools, Patel Institute For Innovation Inc aims to contribute to the local community's educational landscape and provide alternative educational options for students. The nonprofit's focus on public charter schools allows for a more flexible and innovative approach to education, tailored to meet the unique needs and interests of each student.
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Impact
July, 2024
Patel Institute For Innovation Inc has a significant impact on the education sector in Hillsborough County, Florida, by operating two public charter schools. These schools provide innovative educational opportunities for students in the area, aiming to support their academic growth and success. Through its mission to operate these schools, Patel Institute For Innovation Inc is contributing to the improvement of educational outcomes and helping to shape the future of the local community.
This information is meant to be a general summary of Patel Institute For Innovation 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.
- Program Service Revenue: $9,435,013
- Gross Receipts: $10,257,129
Assets and Liabilities:
- Total Assets: $21,766,619
- Total Liabilities: $17,910,045
- Net Assets: $3,856,574
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FTE PER STUDENT FUNDING
Revenue
$8,325,531
FEDERAL FUNDING
Revenue
$531,687
EXTENDED DAYCARE
Revenue
$301,499
STUDENT LUNCHES
Revenue
$276,296
Organization Details
Founding Year
2018
Phone
(813) 629-8950Principal Officer
Ray Jacobs
Main Address
10721 RAULERSON RANCH RD, TAMPA, FL, 33637
Website
www.patelhighschool.org/NTEE Category
Code: B29 - Education
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