Overview
What is Friends Of New World Prep Inc?
Friends of New World Prep Inc is a nonprofit organization situated in Staten Island, New York, specifically at 26 Sharpe Avenue. Their primary mission is to support the educational objectives of New World Preparatory Charter School. They accomplish this by procuring, leasing, constructing, renovating, and maintaining real estate and facilities for the school's students and faculty. Additionally, they undertake or finance various activities and services that strengthen, enhance, and complement the educational programs and activities at New World Preparatory Charter School. This multifaceted approach ensures that the school has the necessary resources to deliver high-quality education to its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Friends Of New World Prep Inc has received a Three-Star rating from Charity Navigator based on its accountability and finance score of 79%. This rating indicates that the organization demonstrates a reasonable level of financial health and transparency. The score is derived from various factors, reflecting the charity's commitment to maintaining high standards in governance and operational practices.
The organization has shown strengths in several key areas, including having a fully independent board of directors and effective financial oversight through its audit and oversight committee. Additionally, it has policies in place for conflict of interest, whistleblower protections, and document retention, which further underscores its emphasis on accountability. A notable 92.5% of its expenses go directly towards programs, indicating a strong focus on fulfilling its mission.
However, the organization has received a low score in the liabilities to assets ratio, which may suggest potential financial risks. While the majority of its financial practices appear robust, this particular area could benefit from closer scrutiny to ensure long-term sustainability. Overall, Friends Of New World Prep Inc demonstrates a solid commitment to transparency and responsible management, though attention to certain financial ratios is advised.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of New World Prep Inc legitimate?
Friends Of New World Prep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of New World Prep 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 New World Prep Inc?
Friends of New World Prep Inc's mission is centered around supporting the educational goals of New World Preparatory Charter School. They accomplish this by acquiring, leasing, constructing, renovating, and maintaining necessary facilities, as well as undertaking or funding additional activities that further enhance and supplement the school's educational programs and activities. The organization's aim is to contribute to the school's success and provide an optimal learning environment for the students and faculty.
Who is the CEO of Friends Of New World Prep Inc?
Angelo Aponte is the Treasurer of Friends Of New World Prep Inc.
What is the revenue of Friends Of New World Prep Inc?
Friends Of New World Prep Inc's revenue in 2022 was $4,092,380.
Who are the executives of Friends Of New World Prep Inc and what are their salaries?
There 5 volunteers at Friends Of New World Prep Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Friends Of New World Prep Inc?
Friends Of New World Prep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of New World Prep Inc
Friends of New World Prep Inc, as a supportive organization, is committed to advancing the educational goals of New World Preparatory Charter School. They accomplish this mission by proactively acquiring, leasing, constructing, renovating, and maintaining necessary facilities for the school's students and faculty. Beyond physical infrastructure, Friends of New World Prep Inc also takes on or funds additional activities and services that serve to bolster and amplify the educational programs and activities at the charter school. In essence, this nonprofit is dedicated to ensuring the success and growth of New World Preparatory Charter School by providing the necessary resources and support to enhance its educational offerings.
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Impact
July, 2024
Friends Of New World Prep Inc's impact is seen in its dedicated support of New World Preparatory Charter School's educational mission. By acquiring, leasing, constructing, renovating, and maintaining real estate and facilities for the school, as well as funding activities that enhance its educational programs, the organization plays a vital role in providing a conducive learning environment for students and faculty. Through its efforts, Friends Of New World Prep Inc contributes significantly to the educational development and success of the school community in Staten Island, NY.
This information is meant to be a general summary of Friends Of New World Prep 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: $15,930
- Program Service Revenue: $4,076,450
- Gross Receipts: $4,092,380
Assets and Liabilities:
- Total Assets: $66,670,232
- Total Liabilities: $58,148,311
- Net Assets: $8,521,921
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL FACILITY
Revenue
$4,076,450
Organization Details
Founding Year
2018
Phone
(718) 705-8990Principal Officer
Angelo Aponte
Main Address
26 SHARPE AVENUE, STATEN ISLAND, NY, 10302
NTEE Category
Code: B11 - Education
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