Overview
What is Partnership Academy Inc?
Partnership Academy Inc, located at 6500 Nicollet Avenue 101, Minneapolis, Minnesota 55423, is a nonprofit organization that operates an educational institution catering to approximately 530 students from preschool through eighth grade. The school has consistently maintained strong enrollment and high parent satisfaction levels. The organization's mission is to create enriching learning experiences and form partnerships that empower students to reach their full potential. Partnership Academy provides exceptional educational opportunities for students hailing from Richfield and neighboring communities of Bloomington and South Minneapolis. The educational program is culturally relevant and fosters robust social and emotional well-being. Each student is equipped with one-to-one device access to technology, and additional learning opportunities are available through after-school and summer programming. The institution boasts a dedicated workforce of 126 employees.
Official website here: www.paschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Partnership Academy Inc has received a two-star rating from Charity Navigator, indicating that there are notable areas needing enhancement. The organization achieved a score of 73% in the Accountability & Finance category, with strengths in areas such as having a conflict of interest policy and an effective audit and oversight committee. Additionally, the program expense ratio is commendable at 90.23%, reflecting a significant portion of funds directed towards its programs.
However, the organization faces challenges in its governance structure, evidenced by a low percentage of independent board members at 42%. This raises concerns about the board's overall independence and effectiveness. Furthermore, the organization has a concerning liabilities-to-assets ratio of 122.93%, indicating potential financial instability, as it has more liabilities than assets.
While Partnership Academy Inc demonstrates solid financial oversight and policies, improvements in board governance and financial health are essential for enhancing its operational effectiveness and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership Academy Inc legitimate?
Partnership Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership Academy Inc 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: $357,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,641,792
For more financial information, click here
Official website here: www.paschool.org
What is the mission statement of Partnership Academy Inc?
Partnership Academy Inc's mission is centered around creating learning experiences and fostering partnerships to empower students in grades preschool to 8th grade to reach their full potential. The academy provides exceptional educational opportunities that are culturally relevant and focus on nurturing strong social and emotional wellbeing. Students at Partnership Academy benefit from a robust academic program and have one-to-one access to technology. Furthermore, the academy offers extended learning through after-school and summer programming.
Official website here: www.paschool.org
Who is the CEO of Partnership Academy Inc?
Lisa Hendricks is the Secretary/Teacher of Partnership Academy Inc.
Official website here: www.paschool.org
What is the revenue of Partnership Academy Inc?
Partnership Academy Inc's revenue in 2022 was $11,186,536.
Official website here: www.paschool.org
Who are the executives of Partnership Academy Inc and what are their salaries?
The average compensation at Partnership Academy Inc during 2022 was $47,613. There are 126 employees and 10 volunteers at Partnership Academy Inc.
Here are 11 key members and their salaries:
- Compensation: $61,360
- Related: $0
- Other: $10,289
- Compensation: $53,048
- Related: $0
- Other: $9,562
- Compensation: $41,695
- Related: $0
- Other: $3,149
- Compensation: $23,658
- Related: $0
- Other: $1,774
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $135,514
- Related: $0
- Other: $10,164
Official website here: www.paschool.org
Where can I find the form 990 for Partnership Academy Inc?
Partnership Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paschool.org
Learn more at the official website: www.paschool.org
Mission Statement of Partnership Academy Inc
Partnership Academy Inc, a nonprofit organization, is committed to creating learning experiences and fostering partnerships that empower students to reach their full potential. The institution provides exceptional educational opportunities for students in grades preschool through eighth grade, serving communities in Richfield and its surrounding areas, including Bloomington and South Minneapolis.
At Partnership Academy Inc, the academic program is designed to be culturally relevant and focuses on strengthening social and emotional wellbeing. The students of this institution benefit from one-to-one access to technology, enabling them to fully engage with digital learning resources. Additionally, the organization offers extended learning opportunities through after-school and summer programming, providing students with a well-rounded educational experience.
In essence, Partnership Academy Inc's mission is to support the growth and development of its students, ensuring they are equipped with the necessary skills and knowledge to succeed in their academic pursuits and beyond. The organization's approach prioritizes both academic excellence and emotional wellbeing, aiming to nurture well-rounded individuals who are prepared to face the challenges of the modern world.
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Impact
July, 2024
Partnership Academy Inc's impact is evident in the educational empowerment of approximately 530 students in grades preschool through eighth in Minneapolis, MN. The institution provides exceptional learning opportunities that are culturally relevant and aim to foster strong social and emotional well-being among its students. By offering an exceptional academic program, access to technology, and extended learning opportunities through after-school and summer programs, Partnership Academy Inc plays a crucial role in supporting the academic and personal growth of its students.
This information is meant to be a general summary of Partnership Academy Inc. 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: $34
- Gross Receipts: $11,186,536
Assets and Liabilities:
- Total Assets: $7,413,383
- Total Liabilities: $10,957,313
- Net Assets: -$3,543,930
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Organization Details
Founding Year
2002
Phone
(612) 866-3630Principal Officer
Lisa Hendricks
Main Address
6500 NICOLLET AVENUE 101, MINNEAPOLIS, MN, 55423
Website
www.paschool.orgNTEE Category
Code: B29 - Education
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