Wonderful Foundations

Minneapolis, MN   |  https://wonderfulfoundations.org

Mission

We believe the spaces where kids learn can make all the difference in who they become. That’s why we’re dedicated to helping charter schools create the best possible environments for their students. From purchasing and upgrading school buildings themselves, to raising charter school funds for the things kids need to grow and thrive in their education, our mission is to create incredible foundations for learning that can uplift kid’s lives.

Ruling year info

2019

Chair of Board, CEO

Troy Snyder

Main address

2801 Hennepin Ave # 285

Minneapolis, MN 55408 USA

Show more contact info

EIN

83-2252772

NTEE code info

Fund Raising and/or Fund Distribution (B12)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We identified a problem with the way schools are funded. When governments pay for public school, they rarely pay 100% of what is needed to maintain the buildings and create opportunities for engaging, well-rounded learning. This forces schools to put energy and resources into fundraising endlessly, year after year. We saw a new, more efficient way for schools to gain the funding they need by creating a partnership between investors, the government and the generosity of the public. 

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Wonderful Foundations grant program

Even the most talented teachers cannot effectively educate kids if the learning environment is not sound, safe and supportive. We set out to purchase buildings that house charter schools, and then help them get what they need to become nourishing spaces for education. We offer schools grants to improve their buildings, buy equipment for learning and exploration, and to create spaces where every kid feels encouraged to receive and exchange ideas. We purchase schools through a unique structure that makes us one of the only publicly traded public charities in existence. With this structure we raise money, and purchase school buildings. We then, eliminate the landlords these schools once paid rent to, and turn the schools into owners with a real stake in their physical spaces.

Population(s) Served
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students enrolled

This metric is no longer tracked.
Totals By Year
Population(s) Served

Students

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Wonderful Foundations seeks to change the way kids experience school. Even the most talented teachers cannot effectively educate kids if the learning environment is not sound, safe and supportive. We set out to purchase buildings that house charter schools, and then help them get what they need to become nourishing spaces for education. We offer schools funding through a grant program to improve their buildings, buy equipment for learning and exploration, and to create spaces where every kid feels encouraged to receive and exchange ideas. 

Wonderful Foundations purchases schools through a unique structure that makes us one of the only publicly traded public charities in existence. With this structure we raise money, and purchase school buildings. We then, eliminate the landlords these schools once paid rent to, and turn the schools into owners with a real stake in their physical spaces. By transforming monthly rent payments into mortgage payments, we create equity for the schools, and generate cash savings. This money, combined with public donations is used for essential upgrades that can transform the experiences of the kids who learn there.

Since we raise all the money we need to purchase schools and fund the day-to-day operation of the foundation through our bond offerings, we’re able to use every single dollar we raise from the public to create better learning environments. In addition to the grant dollars we provide to our schools, tax-deductible charity donations will go directly towards improving the schools we partner with, impacting the lives of these students for the better. 

We currently have 20 schools and over 10,000 students as part of Wonderful. And we expect to keep growing. There are currently approximately 7,000 charter schools in the US, nearly all of which are 501c3 organizations, and thus are potentially eligible to join as partner schools.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • Who are the people you serve with your mission?

    Charter Schools

  • How is your organization collecting feedback from the people you serve?

    Focus groups or interviews (by phone or in person),

  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals,

  • What significant change resulted from feedback?

    Fixing school infrastructure

  • With whom is the organization sharing feedback?

    Our board,

  • How has asking for feedback from the people you serve changed your relationship?

    This has turned our schools into owners with a real stake in their physical spaces.

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded,

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback,

Financials

Wonderful Foundations

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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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Wonderful Foundations

Board of directors
as of 07/07/2022
SOURCE: Self-reported by organization
Board chair

Troy Snyder

Michele Shapiro

John Cairn

Art Pavlenko

Eric Knox

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 4/21/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

No data

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data