Overview
What is Wonderful Foundations?
Wonderful Foundations is a charitable organization based in Minneapolis, Minnesota, with the address 2801 Hennepin Avenue 285. They are committed to providing philanthropic funding specifically for charter schools and their students. By catering to the unique needs of students, charter schools offer an effective educational path for children from diverse backgrounds, helping them reach their full potential. Wonderful Foundations operates in four states and manages 13 properties to support this mission.
Official website here: www.wonderfulfoundations.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80% (Three-Star out of Four Star rating)
Wonderful Foundations has received a Three-Star rating, reflecting a commendable performance in various areas of accountability and financial stability. The organization excels in its culture and community engagement, achieving a perfect score of 100 in these categories, alongside strong scores for leadership and adaptability. The program expense ratio is notably high at 98.14%, indicating that a significant portion of its funds is directed towards its programs, which is a positive sign for potential donors.
However, there are some limitations to note. While the charity has a fully independent board and no issues with material asset diversion, it does lack a whistleblower policy and has not posted its tax form on its website, which could raise concerns regarding transparency. Additionally, the high liabilities to assets ratio of 103.51% could be a point of caution for stakeholders assessing the organization's financial health.
Overall, Wonderful Foundations demonstrates a solid commitment to its mission of improving educational spaces, with strategic goals aimed at transforming schools into conducive learning environments. Despite some areas needing improvement, particularly in transparency and financial ratios, the organization shows promise and a strong framework for community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Wonderful Foundations legitimate?
Wonderful Foundations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wonderful Foundations 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
For more financial information, click here
Official website here: www.wonderfulfoundations.org
What is the mission statement of Wonderful Foundations?
Wonderful Foundations is a charitable organization committed to providing philanthropic funding specifically for charter schools and their students. The unique approach of charter schools in tailoring education to the specific needs of students offers a proven path for children from diverse backgrounds to reach their full potential. Wonderful Foundations is dedicated to making charter school education accessible to students nationwide, enabling them to thrive academically and personally. By offering tailored educational experiences, charter schools play a significant role in helping students succeed and reach their goals. Wonderful Foundations' mission aligns with this objective, working to ensure that students have access to quality educational opportunities to unlock their potential.
Official website here: www.wonderfulfoundations.org
What is the revenue of Wonderful Foundations?
Wonderful Foundations's revenue in 2022 was $22,902,884.
Official website here: www.wonderfulfoundations.org
Who are the executives of Wonderful Foundations and what are their salaries?
There 5 volunteers at Wonderful Foundations.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.wonderfulfoundations.org
Where can I find the form 990 for Wonderful Foundations?
Wonderful Foundations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wonderfulfoundations.org
Learn more at the official website: www.wonderfulfoundations.org
Mission Statement of Wonderful Foundations
Wonderful Foundations, a charitable organization, is dedicated to providing philanthropic funding for charter schools and their students. By offering educational resources tailored to the unique needs of individual students, charter schools provide a proven path for children from diverse backgrounds to reach their full potential. Wonderful Foundations embraces this mission and works to make charter school education accessible to children nationwide.
In their quest to make a difference, Wonderful Foundations operates 13 properties in four states. They invest in charter schools, enabling them to provide high-quality education to students who might not otherwise have access. Through their philanthropic efforts, they help ensure that charter schools have the resources they need to succeed and that students receive the education they deserve. By supporting charter schools, Wonderful Foundations empowers the next generation to learn, grow, and thrive.
Charters schools offer a personalized educational experience, allowing students to advance at their own pace and focus on their individual strengths. Wonderful Foundations recognizes the importance of this approach and is committed to making it available to as many children as possible. By providing funding for charter schools, they create opportunities for students to receive an education that is tailored to their needs and designed to help them succeed. In turn, these students are better prepared to contribute positively to their communities and society as a whole.
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Impact
October, 2024
Wonderful Foundations significantly impacts the educational landscape by providing targeted philanthropic funding to charter schools and their students. By operating 13 properties across four states, they enhance access to tailored educational experiences that meet students' diverse needs. This approach allows charter schools to effectively support kids from all backgrounds, helping them to realize their full potential and achieve academic success. Through this dedicated focus on education, Wonderful Foundations plays a crucial role in fostering a more equitable and effective learning environment for students nationwide.
This information is meant to be a general summary of Wonderful Foundations. 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: $119,273
- Program Service Revenue: $21,992,972
- Gross Receipts: $23,668,027
Assets and Liabilities:
- Total Assets: $322,572,289
- Total Liabilities: $333,903,544
- Net Assets: -$11,331,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$21,992,972
Organization Details
Founding Year
2018
Principal Officer
Troy Snyder
Website
www.wonderfulfoundations.orgNTEE Category
Code: B12 - Education
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