Overview
What is Friends Of Hellenic Classical Charter Sc?
Friends of Hellenic Classical Charter School, or simply Friends of Hellenic Classical Charter Sc, is a nonprofit organization situated in Brooklyn, New York, with an address at 646 Fifth Avenue, 11215. Their primary mission is to aid Hellenic Classical Charter Schools, a not-for-profit educational corporation operating charter schools in New York. Friends of Hellenic Classical Charter Schools provide support for the school's real estate and facilities-related needs. They also contribute financially and resourcefully to enhance the overall student experience at Hellenic Classical Charter Schools. During the fiscal year, they generated rental income of $2,462,975 through subleasing facilities to the school.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Friends Of Hellenic Classical Charter Sc has received a three-star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in independent oversight with a fully independent board and strong financial practices, including high scores for audit transparency and effective policy implementation.
The charity's program expense ratio is commendable, with 97.28% of expenditures going directly to programs, reflecting a strong commitment to its mission. However, a notable concern is the liabilities to assets ratio, which stands at 102.21%, suggesting potential financial risks that could impact its stability.
Overall, while Friends Of Hellenic Classical Charter Sc demonstrates strong governance and financial accountability, the high liabilities to assets ratio indicates a need for careful financial management moving forward. This rating serves as a reminder for potential donors to consider both strengths and weaknesses when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Hellenic Classical Charter Sc legitimate?
Friends Of Hellenic Classical Charter Sc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Hellenic Classical Charter Sc 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 Hellenic Classical Charter Sc?
Friends of Hellenic Classical Charter School's mission is primarily focused on assisting the operation of a charter school, referred to as "the School," by addressing its real estate and facilities-related needs. The organization accomplishes this goal by providing necessary support and raising funds and resources. By doing so, Friends of Hellenic Classical Charter School aims to enhance the educational experience for the School's students. The organization's activities also include subleasing facilities to the School, generating a rental income of $2,462,975 during the fiscal year.
Who is the CEO of Friends Of Hellenic Classical Charter Sc?
Nikolaos Leonardos is the Chair of Friends Of Hellenic Classical Charter Sc.
What is the revenue of Friends Of Hellenic Classical Charter Sc?
Friends Of Hellenic Classical Charter Sc's revenue in 2022 was $2,469,286.
Who are the executives of Friends Of Hellenic Classical Charter Sc and what are their salaries?
There 5 volunteers at Friends Of Hellenic Classical Charter Sc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Friends Of Hellenic Classical Charter Sc?
Friends Of Hellenic Classical Charter Sc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Hellenic Classical Charter Sc
Friends of Hellenic Classic Charter School, a nonprofit organization, is committed to supporting the operation of Hellenic Classic Charter Schools. Their mission involves providing assistance with the school's real estate and facilities-related needs. Beyond this, they aim to raise funds and resources that can enhance the educational experience of the school's students. This support can take various forms, ensuring the school has the necessary resources to thrive. Friends of Hellenic Classic Charter School subleases facilities to the school and generates rental income, as indicated by a figure of $2,462,975 during the fiscal year. This income contributes to the overall support the organization provides to the school.
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Impact
July, 2024
Friends Of Hellenic Classical Charter School's impact is centered around supporting the operation of Hellenic Classical Charter Schools in New York. By providing assistance with the school's real estate and facilities-related needs, as well as raising funds and resources to enhance the student experience, this organization plays a crucial role in helping the school fulfill its educational mission. Through activities such as subleasing facilities and generating rental income, Friends Of Hellenic Classical Charter School ensures that the school has the necessary support to provide quality education to its students.
This information is meant to be a general summary of Friends Of Hellenic Classical Charter Sc. 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: $6,311
- Program Service Revenue: $2,462,975
- Gross Receipts: $2,469,286
Assets and Liabilities:
- Total Assets: $88,114,866
- Total Liabilities: $94,581,160
- Net Assets: -$6,466,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,462,975
Organization Details
Founding Year
2020
Phone
(877) 829-5500Principal Officer
Nikolaos Leonardos
Main Address
646 FIFTH AVENUE, BROOKLYN, NY, 11215
NTEE Category
Code: B19 - Education
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