nonprofit logo

Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy

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

EIN: 134283294 ✦ Wilmington, NC ✦ Designated as a 501(c)(3)

Overview

What is Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy?

Wilmington Ace Charter Incorporated, doing business as Wilmington Preparatory Academy, is a dedicated nonprofit organization located in New Hanover County. Their primary mission is to cater to underprivileged children, offering them an education through a public Charter school setup. In the fiscal year ending June 30, 2020, they served around 139 students. Their commitment extends beyond regular academics, with initiatives like a child literacy program and summer enrichment activities designed to supplement their students' learning experiences.


Official website here: www.wilmingtonace.org

Is Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy legitimate?

Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Ace Charter Incorporated Dba Wilmington Preparatory 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.

Here are some key statistics you may want to consider:

Executive Compensation: $85,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $573,609

For more financial information, click here


Official website here: www.wilmingtonace.org

What is the mission statement of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy?

Wilmington Preparatory Academy, operating as a public charter school, is committed to serving underprivileged children in its community. Its mission encompasses providing education for approximately 139 children annually, as recorded during the fiscal year ending June 30, 2020. The academy also prioritizes the development of literacy skills among its students through a dedicated program. Additionally, the academy offers a summer enrichment program to supplement the learning experience of its students.


Official website here: www.wilmingtonace.org

Who is the CEO of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy?

Valerie Galloway is the Board Chair of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy.


Official website here: www.wilmingtonace.org

What is the revenue of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy?

Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy's revenue in 2022 was $1,234,952.


Official website here: www.wilmingtonace.org

Who are the executives of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy and what are their salaries?

The average compensation at Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy during 2022 was $31,370. There are 21 employees at Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy.

Here are 6 key members and their salaries:

    Kevin Johnson (Principal) [Trustee/Director]
  • Compensation: $84,237
  • Related: $0
  • Other: $0

    • Mary Rusher (Treasurer) [Trustee/Director]
  • Compensation: $25,700
  • Related: $0
  • Other: $0

    • Valerie Galloway (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yolanda Rhodes (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carlette Grissett (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ramona Ragin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wilmingtonace.org

    Where can I find the form 990 for Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy?

    The Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wilmingtonace.org

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

    Mission Statement of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy

    Wilmington Preparatory Academy, also known as Wilmington Ace Charter Incorporated, is a dedicated public charter school with a mission to serve underprivileged children in New Hanover County. The academy's primary goal is to provide a nurturing environment for approximately 139 children, ensuring their academic growth and development. To achieve this, Wilmington Preparatory Academy has implemented a child literacy program and a summer enrichment program. These initiatives aim to enhance the children's reading skills and provide them with additional educational opportunities during the summer months, thereby contributing to their overall educational journey. The academy's commitment to its mission is evident in its dedication to serving the underprivileged community and providing them with the necessary tools and resources to succeed in their academic pursuits.

    Impact

    This information is meant to be a general summary of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Wilmington Preparatory Academy, operated by Wilmington Ace Charter Incorporated, has a significant impact on the community by providing educational opportunities to underprivileged children in New Hanover County. With a focus on child literacy and summer enrichment programs, the academy served approximately 139 children for the fiscal year ending June 30, 2020. By offering quality education and support to these students, Wilmington Preparatory Academy plays a vital role in empowering and equipping the next generation with the skills and knowledge necessary to succeed academically and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $1,109,020
  • Gross Receipts: $1,234,952

    • Assets and Liabilities:
  • Total Assets: $715,466
  • Total Liabilities: $2,347,302
  • Net Assets: -$1,631,836
  • Programs

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

    STATE OF NC

    Revenue

    $798,943

    TOTAL COUNTY FUNDS

    Revenue

    $305,186

    SCHOOL PROGRAMS & ACTIVITIES

    Revenue

    $4,891

    Organization Details

    Principal Officer

    Valerie Galloway

    Main Address

    134 CINEMA DRIVE, WILMINGTON, NC, 28403

    NTEE Category

    Code: B99 - Education

    If you are a representative of Wilmington Ace Charter Incorporated Dba Wilmington Preparatory Academy and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.