Overview
What is Charter Schools Development Corporation?
The Charter Schools Development Corporation is a Maryland-based community development financial institution (CDFI) with a team of fifteen employees. Their mission is to provide financial assistance to public charter schools, helping them acquire and finance educational facilities and related capital improvements. As a CDFI, Charter Schools Development Corporation offers loans, credit enhancements, financing guarantees, facility development, and management support to charter schools, contributing significantly to the building of great public charter schools.
Official website here: www.csdc.org
Is Charter Schools Development Corporation legitimate?
Charter Schools Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charter Schools Development Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $2,122,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $313,511
For more financial information, click here
Official website here: www.csdc.org
What is the mission statement of Charter Schools Development Corporation?
The Charter Schools Development Corporation functions as a Community Development Financial Institution (CDFI), dedicated to aiding public charter schools in procuring and financing educational facilities and related capital improvements. Through various financial instruments such as loans, credit enhancements, and financing guarantees, this organization supports charter schools in their facility development and management. In essence, the Charter Schools Development Corporation serves as a key player in facilitating the growth and improvement of public charter schools across the educational landscape.
Official website here: www.csdc.org
Who is the CEO of Charter Schools Development Corporation?
Michelle Prosperi is the Chair-Incoming of Charter Schools Development Corporation. The CEO's salary of Charter Schools Development Corporation is $128,083 and their total compensation is $141,365.
Official website here: www.csdc.org
What is the revenue of Charter Schools Development Corporation?
Charter Schools Development Corporation's revenue in 2022 was $12,551,339.
Official website here: www.csdc.org
Who are the executives of Charter Schools Development Corporation and what are their salaries?
The average compensation at Charter Schools Development Corporation during 2022 was $162,373. There are 15 employees at Charter Schools Development Corporation.
Here are 16 key members and their salaries (Charter Schools Development Corporation's CEO's salary is $128,083 and their total compensation is $141,365):
- Michelle Prosperi (Chief Operating Officer)
- Alvin Dubin (President/Ceo (Outgoing))
- Laura Fiemann (Chief Development Officer)
- Mark Zeizel (Vice President)
- Rebecca Secrest (Senior Vice President)
- Annette High (Vp Of Accounting)
- Shanta Bacon (Senior Project Accountant)
- Alan Washington (President/Ceo (Incoming))
- Michael Curran (Chair-Incoming) [Trustee/Director]
- Christina Ryan Digiulian (Director)
- Jim Goenner (Director & Treasurer)
- Lanette Dailey-Reese (Director & Secretary)
- Leo Valdez (Director)
- Jay Hromatka (Director)
- Tom Nida (Chair-Outgoing) [Trustee/Director]
- Ember Reichgott Junge (Vice Chair) [Trustee/Director]
Official website here: www.csdc.org
Where can I find the form 990 for Charter Schools Development Corporation?
The Charter Schools Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.csdc.org
Learn more at the official website: www.csdc.org
Mission Statement of Charter Schools Development Corporation
Charter Schools Development Corporation (CSDC) is a community development financial institution (CDFI) with a mission to aid public charter schools in procuring and financing educational facilities and related capital improvements. Established to support charter schools in their quest for adequate learning environments, CSDC offers various financial solutions.
In their commitment to improving education, CSDC extends loans, credit enhancements, and financing guarantees to charter schools. Their assistance enables charter schools to secure the necessary funding for facility development and capital improvements. By offering these financial services, CSDC plays a crucial role in ensuring that charter schools have the resources they need to provide quality education to their students.
Additionally, CSDC offers facility development and management support to charter schools. This comprehensive approach to financing and development enables charter schools to focus on their core mission: providing excellent education to their students. By handling the complexities of facility financing and development, CSDC empowers charter schools to dedicate their resources to teaching and learning.
In essence, Charter Schools Development Corporation serves as a dedicated partner to public charter schools. Their financial expertise and commitment to education allow charter schools to overcome the challenges of securing adequate financing and developing facilities, ultimately enabling them to provide the best possible educational experience for their students.
Impact
This information is meant to be a general summary of Charter Schools Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Charter Schools Development Corporation's impact lies in financing and building great public charter schools. By providing loans, credit enhancements, financing guarantees, facility development, and management support to charter schools, CSDC plays a vital role in enabling these schools to acquire and finance educational facilities and make necessary capital improvements. Through its work, CSDC contributes to the growth and success of public charter schools, fostering educational opportunities for students in various communities.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - CDFI
Revenue
$2,485,303
RENTAL INCOME
Revenue
$2,036,244
DEVELOPER'S FEES
Revenue
$315,351
LOAN ORIGINATION FEE INCOME
Revenue
$98,727
CREDIT ENHANCEMENT FEES
Revenue
$36,078
Organization Details
Founding Year
1997
Phone
(443) 561-1280
Principal Officer
Michelle Prosperi
Main Address
7880 MILESTONE PARKWAY 425, HANOVER, MD, 21076
Website
www.csdc.org
NTEE Category
Code: B99 - Education
If you are a representative of Charter Schools Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.