Overview
What is Washington Academy?
Washington Academy is a nonprofit institution situated in East Machias, Maine (ME 04630). Its primary focus is to offer secondary education through engaging programs that foster intellectual curiosity, innovation, and community involvement. The academy serves a diverse student body, including both local and international students, when the local community lacks the necessary resources. The services provided by Washington Academy encompass instruction, guidance, library, music, transportation, athletics, and cafeteria services. Importantly, the academy's program costs do not include administrative, maintenance, or fundraising expenses. With a team of 137 dedicated individuals, Washington Academy is committed to inspiring and educating learners in an engaging and supportive environment.
Official website here: www.washingtonacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
Washington Academy received a One-Star rating from Charity Navigator, signaling significant concerns regarding its financial health and accountability practices. While the organization boasts a fully independent board and has strong policies in place regarding conflict of interest and whistleblowing, the overall financial transparency appears to be lacking, as evidenced by the absence of its tax form on the nonprofit's website.
The charity's program expense ratio and liabilities to assets ratio are particularly troubling, indicating that a substantial portion of its funds may not be directed towards its programs. This raises questions about the effectiveness and sustainability of its financial operations. Although the charity performs well in areas such as board independence and audit performance, the low financial metrics suggest that donors should exercise caution when considering support.
Potential supporters may appreciate the strong governance practices but should be aware of the financial limitations that the organization is facing. Enhanced transparency and improved financial ratios could help Washington Academy bolster its reputation and operational effectiveness in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Academy legitimate?
Washington Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Academy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,469,809
For more financial information, click here
Official website here: www.washingtonacademy.org
What is the mission statement of Washington Academy?
Washington Academy inspires a passion for learning through engaging programs that foster intellectual curiosity, innovation, and community involvement. The academy's mission emphasizes these key elements, aiming to ignite a love for knowledge and encourage students to apply their learnings in a community context. The institution offers secondary education services, including instruction, guidance, library, music, transportation, athletic, and cafeteria services to both local and international students. While the academy does not cover administrative, maintenance, or fundraising costs, it plays a vital role in providing educational services that local towns may not be able to offer.
Official website here: www.washingtonacademy.org
What is the revenue of Washington Academy?
Washington Academy's revenue in 2024 was $5,856,650.
Official website here: www.washingtonacademy.org
Who are the executives of Washington Academy and what are their salaries?
The average compensation at Washington Academy during 2024 was $24,784. There are 140 employees at Washington Academy.
Here are 14 key members and their salaries:
- Compensation: $177,016
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- Other: $22,318
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Official website here: www.washingtonacademy.org
Where can I find the form 990 for Washington Academy?
Washington Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.washingtonacademy.org
Learn more at the official website: www.washingtonacademy.org
Mission Statement of Washington Academy
Washington Academy ignites a passion for learning among its students through dynamic programs that emphasize intellectual curiosity, innovation, and community engagement. The nonprofit organization provides secondary education services, including instruction, guidance, library, music, transportation, athletic, and cafeteria services, to national, international, and local students. Notably, Washington Academy steps in when local towns cannot offer these essential services themselves. It's essential to highlight that the academy's program services do not encompass administrative costs, plant maintenance costs, or fundraising expenses. This focus on academic and personal growth, coupled with a commitment to providing essential services, sets Washington Academy apart as a passionate and dedicated learning institution.
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Impact
July, 2024
Washington Academy's impact is profound as it ignites a passion for learning through dynamic programs that emphasize intellectual curiosity, innovation, and community engagement. By providing independent secondary education and comprehensive services to national, international, and local students, Washington Academy ensures that every student has access to quality instruction, guidance, music, transportation, athletics, and cafeteria services. This commitment to educational excellence contributes significantly to the intellectual and personal growth of its diverse student body, fostering a culture of curiosity, creativity, and social responsibility.
This information is meant to be a general summary of Washington Academy. 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 2024.
- Investment Income: $203,467
- Program Service Revenue: $5,158,003
- Gross Receipts: $6,283,856
Assets and Liabilities:
- Total Assets: $14,202,739
- Total Liabilities: $3,978,573
- Net Assets: $10,224,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND BOARDING
Revenue
$5,114,901
STATE BUS SERVICE
Revenue
$15,883
SCHOOL LUNCH
Revenue
$14,318
ATHLETICS
Revenue
$12,901
Organization Details
Founding Year
1792
Principal Officer
Michael Hennessey
Website
www.washingtonacademy.orgNTEE Category
Code: B25Z - Education
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