Overview
What is The Albany Academies Inc?
The Albany Academies Inc, situated in Albany, New York, is an independent college preparatory day school for boys, catering to students from Preschool (age 3) up to Grade 12. As a nonprofit institution, its mission is to provide an educational environment that prepares its male pupils for higher education. The Albany Academies offers comprehensive curriculum and facilities to foster academic growth and personal development.
Official website here: www.albanyacademies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Albany Academies Inc has achieved an impressive 92% rating from Charity Navigator, reflecting strong accountability and financial health. This high rating indicates that the organization operates with a high level of transparency and has a robust governance structure, including an entirely independent board of directors. The organization scored perfectly in several key areas, such as financial oversight and policies related to conflicts of interest and whistleblower protections.
Strengths highlighted in the evaluation include a low ratio of liabilities to assets, demonstrating financial stability, and a significant portion of expenses directed toward programs. With 83.42% of expenses allocated to programmatic activities, the nonprofit showcases its commitment to fulfilling its mission effectively and efficiently. These attributes contribute to a strong trust in the organization's capacity to manage funds responsibly.
While the organization has demonstrated notable strengths, continuous monitoring and maintaining high standards of transparency and accountability will be essential for sustaining its reputation and effectiveness. Overall, The Albany Academies Inc appears well-positioned to support its mission and serve its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Albany Academies Inc legitimate?
The Albany Academies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Albany Academies 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: $418,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,359,529
For more financial information, click here
Official website here: www.albanyacademies.org
What is the mission statement of The Albany Academies Inc?
The Albany Academies is a college preparatory day school catering to boys from Preschool age to Grade 12. This independent institution is dedicated to providing quality education, preparing its students for higher learning. The mission of The Albany Academies goes beyond academics; it strives to foster a nurturing environment that shapes well-rounded young men. The school's commitment to its students extends beyond the classroom, offering them opportunities for personal growth and development. By focusing on academic excellence and character building, The Albany Academies aims to create future leaders with a strong foundation for success.
Official website here: www.albanyacademies.org
Who is the CEO of The Albany Academies Inc?
Eric Lewis is the President of The Albany Academies Inc.
Official website here: www.albanyacademies.org
What is the revenue of The Albany Academies Inc?
The Albany Academies Inc's revenue in 2022 was $21,184,816.
Official website here: www.albanyacademies.org
Who are the executives of The Albany Academies Inc and what are their salaries?
The average compensation at The Albany Academies Inc during 2022 was $32,811. There are 298 employees and 250 volunteers at The Albany Academies Inc.
Here are 28 key members and their salaries:
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Official website here: www.albanyacademies.org
Where can I find the form 990 for The Albany Academies Inc?
The Albany Academies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albanyacademies.org
Learn more at the official website: www.albanyacademies.org
Mission Statement of The Albany Academies Inc
The Albany Academies, a respected independent college preparatory day school, is dedicated to educating boys from Preschool to Grade 12 in Albany, New York, USA. This esteemed institution takes pride in its mission to prepare young minds for higher education.
At The Albany Academies, boys are provided with an exceptional day school experience. Encompassing an inclusive enrollment policy from Preschool to Grade 12, this institution fosters a nurturing and academically stimulating environment where boys can thrive. The Albany Academies' commitment to college preparation ensures that its students receive a well-rounded education, leaving them well-equipped for future academic endeavors.
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Impact
October, 2024
The Albany Academies Inc significantly contributes to the educational landscape in Albany, New York, by providing a rigorous college preparatory curriculum for boys from Preschool through Grade 12. Its commitment to academic excellence fosters a supportive environment that encourages intellectual curiosity and personal growth. Through a well-rounded educational program, students develop critical thinking skills, creativity, and resilience, equipping them for future academic pursuits and life challenges.
The institution prioritizes individualized attention, allowing educators to tailor their approaches to meet the diverse needs of each student. This focus on personalized learning enhances student engagement and enables them to thrive academically and socially. Additionally, by promoting a collaborative culture among students, faculty, and families, The Albany Academies create a strong community foundation that supports lifelong relationships and networking opportunities.
Moreover, The Albany Academies plays a vital role in preparing students for higher education, emphasizing not only academic rigor but also character development and leadership skills. By instilling values such as integrity, respect, and responsibility, the school cultivates well-rounded individuals who can contribute positively to society.
This information is meant to be a general summary of The Albany Academies 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: $1,385,533
- Program Service Revenue: $16,824,134
- Gross Receipts: $41,175,524
Assets and Liabilities:
- Total Assets: $52,973,169
- Total Liabilities: $8,609,680
- Net Assets: $44,363,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$15,383,159
OTHER SOURCE INCOME
Revenue
$864,629
AUXILIARY INCOME
Revenue
$576,346
Organization Details
Founding Year
1813
Phone
(518) 429-2460Principal Officer
Eric Lewis
Main Address
140 ACADEMY ROAD, ALBANY, NY, 12208
Website
www.albanyacademies.orgNTEE Category
Code: B25 - Education
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