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Jumoke Academy Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061488572 ✦ Hartford, CT ✦ Designated as a 501(c)(3)

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Overview

What is Jumoke Academy Inc?

Jumoke Academy Inc, located in Hartford, Connecticut, is a nonprofit organization committed to providing educational services to around 708 children, primarily from economically and socially disadvantaged backgrounds. Their mission is to equip these children with the necessary skills to thrive in the global marketplace, overcoming the challenges they may face. With a workforce of 152 individuals, Jumoke Academy Inc is dedicated to preparing its students for a successful future. The organization's activities are geared towards ensuring these children are well-equipped to compete on a global scale.


Official website here: www.jumokeacademy.org

What are the reviews and ratings of this charity?

96% rating from Charity Navigator reflects a Four-Star out of Four Star rating for Jumoke Academy Inc, indicating a strong commitment to accountability and finance. This high score is derived solely from a single beacon score, showcasing exemplary financial practices and transparency within the organization.

The organization demonstrates robust governance with 83% of its board members being independent, which promotes unbiased oversight. All aspects of financial management have been positively evaluated, including the absence of material asset diversion and the presence of comprehensive audit practices. Additionally, Jumoke Academy has implemented various policies related to conflict of interest and whistleblower protections.

However, while the financial and governance aspects are commendable, further insights into programmatic impact and overall effectiveness would provide a more holistic view of the organization's contributions to its mission. Nevertheless, Jumoke Academy Inc stands out as a well-managed nonprofit with a solid foundation in financial accountability.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Jumoke Academy Inc?

100% of 15 reviewers on Facebook recommend Jumoke Academy Inc. Here is a summary of their reviews:

The feedback highlights a strong endorsement of Jumoke Academy, emphasizing its positive impact as a school despite some recent controversies surrounding its former leadership. One reviewer, who has professional experience monitoring inner-city schools, expresses great admiration for the institution and describes it as one of the best they have encountered. The sentiment conveys a deep appreciation for the school's environment and achievements, positioning Jumoke Academy as a valuable and thriving educational option.

Overall, the support for Jumoke Academy is robust, with users confident in its ability to provide quality education. There is a clear desire among supporters to preserve the institution's legacy and ensure its continued success.


This AI summary has been generated from reviews found on Facebook.

Is Jumoke Academy Inc legitimate?

Jumoke Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jumoke 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: $323,526
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,162,544

For more financial information, click here


Official website here: www.jumokeacademy.org

What is the mission statement of Jumoke Academy Inc?

Jumoke Academy Inc, in its mission, strives to prepare children to thrive in the global marketplace, despite confronting economic and social adversities. The organization offers instructional services to a significant number of children, many of whom hail from socially and economically disadvantaged backgrounds. By doing so, Jumoke Academy Inc aims to equip these children with the necessary skills to compete effectively on a global scale, overcoming the challenges they may face.


Official website here: www.jumokeacademy.org

Who is the CEO of Jumoke Academy Inc?

Arnel Hines is the Board Chair of Jumoke Academy Inc.


Official website here: www.jumokeacademy.org

What is the revenue of Jumoke Academy Inc?

Jumoke Academy Inc's revenue in 2022 was $11,059,232.


Official website here: www.jumokeacademy.org

Who are the executives of Jumoke Academy Inc and what are their salaries?

The average compensation at Jumoke Academy Inc during 2022 was $36,093. There are 152 employees at Jumoke Academy Inc.


Here are 10 key members and their salaries:


James Michel (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myron Stewart (Board Treasurer & Community Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Smith (Board Secretary & Community Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janelle Lester (Board Member & Community Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damien Pittola (Board Member & Community Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Monroe (Executive Director)
  • Compensation: $185,058
  • Related: $0
  • Other: $5,000
Frank Williams (Chief Financial Officer)
  • Compensation: $59,729
  • Related: $0
  • Other: $0
Arnel Hines (Chief Financial Officer)
  • Compensation: $109,517
  • Related: $0
  • Other: $0
Marie M Gordon Hall (Principal)
  • Compensation: $118,052
  • Related: $0
  • Other: $0
Latoya Johnson (Principal)
  • Compensation: $110,996
  • Related: $0
  • Other: $0


Official website here: www.jumokeacademy.org

Where can I find the form 990 for Jumoke Academy Inc?

Jumoke Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jumokeacademy.org

Learn more at the official website: www.jumokeacademy.org

Mission Statement of Jumoke Academy Inc

Jumoke Academy Inc, a nonprofit organization, is committed to equipping children with the necessary skills to thrive in the global marketplace, despite the economic and social challenges they may face. Its mission is to prepare these children, many of whom hail from disadvantaged backgrounds, to compete on a global scale. The organization provides instructional services to foster this competitiveness and resilience in its students.

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Impact




July, 2024

Jumoke Academy Inc has a significant impact on the education and future prospects of children in Hartford, CT. By providing instructional services to approximately 708 students, many of whom come from socially and economically challenged areas, Jumoke Academy Inc is actively preparing these children to compete in the global marketplace. Through its mission to empower students to overcome economic and social challenges, the organization is contributing to the development of a more educated and skilled workforce. The tag "Education" underscores its commitment to fostering learning and growth among young people, ultimately making a positive difference in their lives and the community as a whole.




This information is meant to be a general summary of Jumoke 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.

Revenue
$11,059,232 (2022)
Expenses
$10,013,914 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $8,566,226
  • Gross Receipts: $11,059,232

Assets and Liabilities:

  • Total Assets: $8,911,032
  • Total Liabilities: $2,633,972
  • Net Assets: $6,277,060

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tuition

Revenue

$8,566,226

Organization Details

Founding Year

1997

Principal Officer

Arnel Hines

Main Address

999 Asylum Avenue, Hartford, CT, 06105

NTEE Category

Code: B20I - Education

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