Overview
What is Financial Assistance For Independent Schools?
Financial Assistance for Independent Schools is a nonprofit organization that operates in Arizona. Its primary mission is to provide scholarships for students enrolled in private schools within the state, as mandated by ARS 43-1089 and 43-1505. The organization's activities center around offering financial aid, thereby making private education more accessible to deserving students in Arizona.
Official website here: www.faisaz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Financial Assistance For Independent Schools has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 84%. This score is based exclusively on its financial practices, indicating the organization prioritizes fiscal responsibility. With a program expense ratio of 96.87%, the majority of the funds raised are allocated directly to its programs, which is a positive sign for potential donors.
The organization boasts a fully independent board, demonstrating commitment to governance with 100% of its board members being independent. It also scores well in financial statement reviews, with no material diversions of assets. However, the absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention policy could raise concerns regarding transparency and governance practices.
While the organization's financial health appears strong, the missing policies indicate areas for improvement in accountability. Addressing these gaps could enhance its overall score and strengthen donor confidence. For those considering supporting this nonprofit, the high program expense ratio suggests that contributions are likely to be effectively utilized for the intended purpose.
This AI summary has been generated from information found on Charity Navigator.
Is Financial Assistance For Independent Schools legitimate?
Financial Assistance For Independent Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. Financial Assistance For Independent Schools 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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Official website here: www.faisaz.org
What is the mission statement of Financial Assistance For Independent Schools?
The organization, Financial Assistance For Independent Schools, is dedicated to providing scholarships to students who attend private schools in the state of Arizona. This is in accordance with the relevant state laws mentioned as ARS 43-1089 and 43-1505. The primary objective of this organization is to make quality education more accessible to deserving students by offering financial aid. By doing so, they contribute to fostering academic growth and opportunities for these students. The scholarships awarded by Financial Assistance For Independent Schools aim to empower these students, enabling them to pursue their educational aspirations in private schools.
Official website here: www.faisaz.org
Who is the CEO of Financial Assistance For Independent Schools?
Abbey Ross is the President of Financial Assistance For Independent Schools.
Official website here: www.faisaz.org
What is the revenue of Financial Assistance For Independent Schools?
Financial Assistance For Independent Schools's revenue in 2022 was $1,057,427.
Official website here: www.faisaz.org
Who are the executives of Financial Assistance For Independent Schools and what are their salaries?
There 5 volunteers at Financial Assistance For Independent Schools.
Here are 6 key members and their salaries:
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Official website here: www.faisaz.org
Where can I find the form 990 for Financial Assistance For Independent Schools?
Financial Assistance For Independent Schools's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faisaz.org
Learn more at the official website: www.faisaz.org
Mission Statement of Financial Assistance For Independent Schools
Financial Assistance For Independent Schools, as stated in its mission, provides scholarships to students who attend private schools in the state of Arizona. This is in line with the provisions of ARS 43-1089 and 43-1505. The organization's primary objective is to assist students who attend private educational institutions, contributing to their educational journey within the state. By granting scholarships, Financial Assistance For Independent Schools aims to make private education more accessible to a wider range of students, thereby fostering a more diverse and inclusive learning environment. The organization's mission is a testament to its commitment to supporting the educational aspirations of students in Arizona, thereby contributing to the development of future leaders and innovators.
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Impact
July, 2024
Financial Assistance For Independent Schools has a significant impact on students attending private schools in the state of Arizona by providing scholarships. This support helps students access quality education opportunities that they may not have been able to afford otherwise, ultimately benefiting their academic and personal development. By awarding scholarships, the organization contributes to leveling the playing field for students from diverse backgrounds and ensuring that education remains accessible and equitable.
This information is meant to be a general summary of Financial Assistance For Independent Schools. 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: $163
- Gross Receipts: $1,057,427
Assets and Liabilities:
- Total Assets: $1,942,402
- Total Liabilities: $0
- Net Assets: $1,942,402
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Organization Details
Founding Year
2000
Phone
(602) 389-8600Principal Officer
Abbey Ross
Main Address
5048 E OAK ST, PHOENIX, AZ, 85008
Website
www.faisaz.orgNTEE Category
Code: B82 - Education
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