Overview
What is Adams Street Foundation Inc?
Adams Street Foundation Inc, located in Brooklyn, New York, is an in-house, non-profit partner to the Urban Assembly School for Law & Justice. It serves over 400 students, predominantly from low-income families, who are on the path to becoming the first in their families to attend college. The foundation integrates college and career preparation into the school's curriculum through various initiatives, such as SAT preparation, college tours, financial aid counseling, essay feedback, and career development opportunities. Moreover, it provides after-school clubs, mentoring, and mock trial programs to support students. Notably, during the 2019-2020 academic year, 95.7% of senior students graduated, and 98.9% were accepted into colleges, both with a 2 or 4-year program. The foundation's efforts emphasize empowering students, ensuring they have the necessary tools and resources to thrive in their future academic and professional endeavors.
Official website here: www.283adams.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Adams Street Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a high score of 96% in this category, the foundation demonstrates effective management of its resources, ensuring that funds are utilized efficiently to support its mission.
One of the notable strengths of the organization is its fully independent board, comprising 13 members, which enhances its governance and decision-making processes. The foundation maintains a solid financial foundation, evidenced by a low liabilities-to-assets ratio of 4.01% and a program expense ratio of 73.84%, indicating that a significant portion of its funds is directed toward its programs.
While the foundation showcases several robust financial practices, the data does not highlight any significant limitations or concerns. Overall, the Adams Street Foundation Inc appears to be a well-managed organization with transparent policies and effective oversight mechanisms in place.
This AI summary has been generated from information found on Charity Navigator.
Is Adams Street Foundation Inc legitimate?
Adams Street Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adams Street Foundation 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: $37,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,395
For more financial information, click here
Official website here: www.283adams.org
What is the mission statement of Adams Street Foundation Inc?
The Adams Street Foundation, being the in-house, non-profit partner to the Urban Assembly School for Law & Justice, is committed to integrating pre-college enrichment and preparing students for higher education and careers into the school's curriculum. Through various activities, such as SAT preparation, college tours, financial aid counseling, and career development opportunities with experienced professionals, the foundation aims to equip high school students with the necessary tools and resources for success in college and their future careers. Additionally, the foundation offers after-school clubs, mentoring, and mock trial programs to further support the students' growth and development.
Official website here: www.283adams.org
Who is the CEO of Adams Street Foundation Inc?
Wes Earnhardt is the Co-Chair of Adams Street Foundation Inc.
Official website here: www.283adams.org
What is the revenue of Adams Street Foundation Inc?
Adams Street Foundation Inc's revenue in 2022 was $730,306.
Official website here: www.283adams.org
Who are the executives of Adams Street Foundation Inc and what are their salaries?
The average compensation at Adams Street Foundation Inc during 2022 was $17,793. There are 15 employees and 100 volunteers at Adams Street Foundation Inc.
Here are 16 key members and their salaries:
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Official website here: www.283adams.org
Where can I find the form 990 for Adams Street Foundation Inc?
Adams Street Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.283adams.org
Learn more at the official website: www.283adams.org
Mission Statement of Adams Street Foundation Inc
The Adams Street Foundation, serving as the in-house, non-profit partner to the Urban Assembly School for Law & Justice, is dedicated to integrating pre-college enrichment and preparation for college and career into the school's curriculum. Its mission is to collaborate with the Urban Assembly School for Law & Justice, with the shared goal of equipping their high school students with the necessary tools and resources for success in higher education and future careers. The foundation offers various activities tailored to this mission, such as SAT preparation, college tours, financial aid counseling, essay feedback, career development opportunities with experienced professionals, assistance in navigating the early admissions process, after-school clubs, mentoring, and mock trial programs.
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Impact
July, 2024
The impact of Adams Street Foundation Inc can be seen in the success of the students they serve through their partnership with the Urban Assembly School for Law & Justice. With a focus on providing pre-college enrichment and preparation for college and career, the foundation has helped over 400 students, many of whom come from low-income backgrounds and will be the first in their family to attend college. Activities such as SAT prep, college tours, financial aid counseling, career development opportunities, and mentoring have contributed to impressive outcomes, including a graduation rate of 95.7% for senior students and a college acceptance rate of 98.9%. By equipping these students with the tools and resources they need to succeed, the foundation is making a tangible difference in their lives and future prospects.
This information is meant to be a general summary of Adams Street Foundation 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.
- Program Service Revenue: $11,825
- Gross Receipts: $730,306
Assets and Liabilities:
- Total Assets: $1,152,745
- Total Liabilities: $17,796
- Net Assets: $1,134,949
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program income
Revenue
$11,825
Organization Details
Founding Year
2008
Phone
(718) 834-6716Principal Officer
Wes Earnhardt
Main Address
283 Adams Street, Brooklyn, NY, 11201
Website
www.283adams.orgNTEE Category
Code: B99 - Education
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