Overview
What is James F Farr Academy Inc?
James F Farr Academy Inc, located at 71 Pearl Street, Cambridge, MA 02139, is a nonprofit organization dedicated to providing educational and support services for individuals with unique academic, behavioral, and emotional needs. With a staff of 112 dedicated professionals, the academy served an average of 24 individuals in fiscal year 2022, focusing on their individual needs to promote growth and success. The academy's mission encompasses a comprehensive approach, focusing on the overall well-being of its students, ensuring they receive the necessary support to thrive in their academic journey.
Official website here: www.farracademy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87% (Three-Star out of Four Star rating)
James F Farr Academy Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization's score is primarily driven by its commitment to financial transparency, with no material diversions of assets noted and high ratings for its conflict of interest and whistleblower policies. The independent board structure is well-established, ensuring oversight and governance are taken seriously.
Strengths of the organization include a high program expense ratio of 83.22%, indicating that a significant portion of its resources is allocated directly to its programs. Additionally, the majority of the board members are independent, which enhances its governance credibility. The presence of robust financial oversight mechanisms, such as an audit and oversight committee, further demonstrates the organization’s dedication to maintaining financial integrity.
However, there are some limitations in the financial ratios, particularly with a liabilities to assets ratio of 61.63%, which could suggest potential financial risk. Overall, while the organization demonstrates strong accountability and effective financial practices, it may need to address certain financial metrics to bolster its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is James F Farr Academy Inc legitimate?
James F Farr Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. James F Farr 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: $601,266
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,653,578
For more financial information, click here
Official website here: www.farracademy.org
What is the mission statement of James F Farr Academy Inc?
The James F. Farr Academy Inc. is committed to providing educational and support services for individuals with unique academic, behavioral, and emotional needs. Their primary mission is to offer a conducive learning environment that caters to these specific needs, aiming to foster their overall development. The academy serves an average of 24 individuals annually, providing them with the necessary resources and assistance to thrive academically and emotionally. The academy's activities encompass a comprehensive approach, ensuring that each student receives personalized attention and care, enabling them to reach their full potential.
Official website here: www.farracademy.org
Who is the CEO of James F Farr Academy Inc?
Michael T Culhane is the Ceo/President/Treasurer of James F Farr Academy Inc. The CEO's salary of James F Farr Academy Inc is $305,772 and their total compensation is $338,512.
Official website here: www.farracademy.org
What is the revenue of James F Farr Academy Inc?
James F Farr Academy Inc's revenue in 2022 was $6,582,928.
Official website here: www.farracademy.org
Who are the executives of James F Farr Academy Inc and what are their salaries?
The average compensation at James F Farr Academy Inc during 2022 was $29,061. There are 112 employees and 5 volunteers at James F Farr Academy Inc.
Here are 9 key members and their salaries (James F Farr Academy Inc's CEO's salary is $305,772 and their total compensation is $338,512):
- Compensation: $305,772
- Related: $0
- Other: $32,740
- 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: $107,648
- Related: $0
- Other: $12,465
- Compensation: $97,191
- Related: $0
- Other: $32,068
- Compensation: $88,083
- Related: $0
- Other: $12,353
Official website here: www.farracademy.org
Where can I find the form 990 for James F Farr Academy Inc?
James F Farr Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farracademy.org
Learn more at the official website: www.farracademy.org
Mission Statement of James F Farr Academy Inc
James F Farr Academy Inc is dedicated to providing educational and support services for individuals who have unique academic, behavioral, and emotional needs. This nonprofit organization's mission is to create an inclusive learning environment that caters to the diverse needs of its students, empowering them to reach their full potential. By offering specialized educational programs and support services, the academy aims to help its students overcome challenges and thrive in their educational journey. In a typical year, the academy serves around 24 individuals, providing them with the tools and resources necessary to overcome their challenges and succeed academically.
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Impact
July, 2024
James F Farr Academy Inc's impact lies in its provision of essential educational and support services for individuals with special academic, behavioral, and emotional needs. By operating as a day school catering to this specific demographic, the academy served an average of 24 individuals in fiscal year 2022. Through its mission to support individuals with diverse needs, James F Farr Academy Inc plays a pivotal role in fostering academic growth, addressing behavioral challenges, and supporting emotional well-being in the community, particularly in Cambridge, MA. As a dedicated provider of specialized services, the academy significantly contributes to enhancing the quality of education and support available to individuals with unique requirements.
This information is meant to be a general summary of James F Farr 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: -$819,442
- Program Service Revenue: $4,420,591
- Gross Receipts: $7,485,587
Assets and Liabilities:
- Total Assets: $6,917,073
- Total Liabilities: $4,759,902
- Net Assets: $2,157,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$2,436,841
RESIDENTIAL CARE FEES
Revenue
$1,983,750
Organization Details
Founding Year
1972
Phone
(617) 492-4922Principal Officer
Michael T Culhane
Main Address
71 PEARL STREET, CAMBRIDGE, MA, 02139
Website
www.farracademy.orgNTEE Category
Code: B28 - Education
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