Cresthaven Academy Foundation Inc

Organization Overview

Cresthaven Academy Foundation Inc is located in Warren, NJ. The organization was established in 2015. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Cresthaven Academy Foundation Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cresthaven Academy Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Cresthaven Academy Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $785.5k during the year ending 06/2021. While expenses have increased by 24.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP THE CRESTHAVEN ACADEMY ADVANCE THEIR MISSION AND IMPROVE THE QUALITY OF EDUCATION FOR CHILDREN IN PLAINFIELD, NEW JERSEY AND SURROUNDING COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CRESTHAVEN ACADEMY FOUNDATION WAS FOUNDED, IN PART, TO PROVIDE FINANCIAL AND TECHNICAL SUPPORT TO, AND FURTHER THE EDUCATIONAL AND CHARITABLE MISSION OF CRESTHAVEN ACADEMY CHARTER SCHOOL, A PUBLIC CHARTER SCHOOL ORGANIZED IN NEW JERSEY.


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Board, Officers & Key Employees

Name (title)Compensation
Steven Colson
Chairman
$0
Nhat Nguyen
Trustee
$0
John Leitch
Treasurer
$0
Brendan Murray
Trustee
$0
Shane Connell
Trustee
$0
Will Bredford
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$625,723
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$625,723
Total Program Service Revenue$855
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $450,000
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$355
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,076,223

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Cresthaven Academy Foundation Inc has recieved totaling $40,491.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$18,000
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$14,465
Chubb Charitable Foundation

Philadelphia, PA

PURPOSE: MATCHING GIFTS

$5,000
Zakaria Family Foundation

Morristown, NJ

PURPOSE: TO HELP SUPPORT EDUCATIONAL NEEDS AT CRESTHAVEN ACADEMY.

$2,500
Annunziata Family Foundation Inc

Warren, NJ

PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.

$500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$26
View Grant Recipient Profile

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