Overview
What is Friends Of Volcano School Of Arts & Scie?
Friends of Volcano School of Arts & Scie is a nonprofit organization, specifically based in Volcano, Hawaii. Their primary mission is to construct and provide essential infrastructure and facilities for the Volcano School of Arts and Sciences. This includes direct capitalization of construction costs, while only administrative expenses are recorded as expenses in the meantime. The organization's purpose is to ensure the Volcano School of Arts and Sciences has the necessary resources, contributing to the overall development and education of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
Friends of Volcano School of Arts & Sciences has received a low rating of 50%, indicating significant concerns regarding its accountability and financial practices. The absence of independent board members and missing key governance documents, such as a conflict of interest policy and whistleblower policy, negatively impacts its score. The organization has also failed to provide vital information on its website, which further detracts from transparency.
Despite these governance issues, the nonprofit does demonstrate a strong commitment to its programs, as indicated by a high program expense ratio of 90.80%. This suggests that a significant portion of its resources is directed towards its charitable activities, which is a positive aspect of its operations. Additionally, the organization maintains a healthy financial structure with a liabilities to assets ratio of 49.58%.
However, the overall lack of accountability and transparency raises concerns for potential donors and stakeholders. Addressing these governance and transparency issues would be crucial for improving its rating and building trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Volcano School Of Arts & Scie legitimate?
Friends Of Volcano School Of Arts & Scie is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Volcano School Of Arts & Scie 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Friends Of Volcano School Of Arts & Scie?
The mission of Friends of Volcano School of Arts & Scie is primarily focused on providing necessary facilities and equipment for the Volcano School of Arts and Sciences. This organization actively works towards the construction of new campus infrastructure and facilities, with the associated costs being capitalized as construction in progress. However, it should be noted that only administrative expenses are expensed, with the primary focus being on the provision of resources for the school. This support aims to enhance the educational experience and resources available to the students at the Volcano School of Arts and Sciences.
Who is the CEO of Friends Of Volcano School Of Arts & Scie?
Ian Cole is the President of Friends Of Volcano School Of Arts & Scie.
What is the revenue of Friends Of Volcano School Of Arts & Scie?
Friends Of Volcano School Of Arts & Scie's revenue in 2022 was $38,265.
Who are the executives of Friends Of Volcano School Of Arts & Scie and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Friends Of Volcano School Of Arts & Scie?
Friends Of Volcano School Of Arts & Scie's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Volcano School Of Arts & Scie
Friends of Volcano School of Arts & Sciences is an organization dedicated to providing essential facilities and equipment for the Volcano School of Arts and Sciences. Their mission, in essence, is to support the school's growth and development by investing in its infrastructure. This involves funding the construction of new campus facilities and covering the associated costs, while keeping administrative expenditures separate. This commitment to the school ensures it has the necessary resources to deliver high-quality education in the arts and sciences.
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Impact
August, 2024
Friends of Volcano School of Arts & Sciences' impact is seen through their provision of facilities and equipment for the Volcano School of Arts and Sciences. They have focused on the construction of new campus infrastructure and facilities, with all direct costs capitalized as construction in progress. This organization plays a vital role in supporting the educational needs of the school in Volcano, Hawaii, ensuring that students have a conducive environment for learning. Their work directly contributes to enhancing the educational experience and opportunities for the students at the Volcano School of Arts and Sciences.
This information is meant to be a general summary of Friends Of Volcano School Of Arts & Scie. 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: $102
- Program Service Revenue: $12,000
- Gross Receipts: $38,265
Assets and Liabilities:
- Total Assets: $2,508,359
- Total Liabilities: $861,990
- Net Assets: $1,646,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$12,000
Organization Details
Founding Year
2000
Principal Officer
Ian Cole
Main Address
PO Box 845, Volcano, HI, 96785
NTEE Category
Code: B24 - Education
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