Overview
What is Urban Prep Academies?
Urban Prep Academies is a distinguished nonprofit organization situated in Chicago, Illinois, specifically at 420 N Wabash Ave. Their primary mission is to offer a superior, college-focused education, aiming to foster graduates who excel in higher education. They operate as a network of charter high schools, focusing on college preparation. Throughout the year, they enroll over 1200 students, achieving exceptional college acceptance and enrollment rates, surpassing those of other Chicago Public Schools. Moreover, Urban Prep provides targeted mentoring and tutoring for around 400 ninth-grade students, and offers post-high school counseling to over 200 graduates. Their commitment to student success is evident in their dedicate workforce of 158 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star Rating)
Urban Prep Academies has received a Two-Star rating from Charity Navigator, reflecting its score of 68%. The overall rating is primarily based on its Accountability and Finance, which is evaluated through various metrics. The organization excels in areas such as having a majority of independent board members and a robust financial oversight structure, indicating a commitment to transparency and governance.
However, the organization faces limitations, particularly in its financial ratios. The liabilities to assets ratio is concerning, standing at 104.61%, which suggests potential financial instability. Additionally, while the program expense ratio is decent at 60.95%, there is room for improvement in effectively allocating funds toward its mission-driven programs versus administrative costs.
Overall, Urban Prep Academies demonstrates strong governance practices but needs to address its financial health to enhance its operational efficacy and ensure long-term sustainability. Stakeholders might want to monitor these financial metrics closely while considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Prep Academies legitimate?
Urban Prep Academies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Prep Academies 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,059,751
For more financial information, click here
What is the mission statement of Urban Prep Academies?
Urban Prep Academies' mission is centered around providing a top-tier, college-focused education. Their objective is to see their students excel in higher education, resulting in a 100% college acceptance rate and a 98% college enrollment rate. The organization operates a network of public charter high schools, offering a comprehensive educational experience. They also offer targeted mentoring and tutoring to assist 9th graders and post-high school counseling to support their graduates.
Who is the CEO of Urban Prep Academies?
Troy Boyd is the Board Chairman of Urban Prep Academies.
What is the revenue of Urban Prep Academies?
Urban Prep Academies's revenue in 2023 was $8,277,718.
Who are the executives of Urban Prep Academies and what are their salaries?
The average compensation at Urban Prep Academies during 2023 was $32,024. There are 158 employees at Urban Prep Academies.
Here are 13 key members and their salaries:
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- Compensation: $102,564
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Where can I find the form 990 for Urban Prep Academies?
Urban Prep Academies's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Urban Prep Academies
Urban Prep Academies, as a nonprofit organization, is dedicated to providing a top-notch, college-preparatory education to its students. Their mission is centered around enrolling a substantial number of students annually and ensuring that a high percentage of them secure college placements upon graduation. To achieve this, the institution operates a network of public Charter College Prep High Schools. Beyond academic excellence, Urban Prep Academies also provides targeted mentoring and tutoring to support the academic progress of its 9th-grade students. Furthermore, they offer post-high school counseling services to aid their graduates in navigating the next phase of their educational journey.
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Impact
October, 2024
Urban Prep Academies has made a significant impact on education in Chicago by providing a high-quality, college preparatory experience for its students. Enrolling over 1,200 students, Urban Prep boasts remarkable achievement with a 100% college acceptance rate and a 98% college enrollment rate among Chicago Public Schools. The organization focuses on targeted mentoring and tutoring, offering support to approximately 400 ninth-grade students. Additionally, it provides post-high school counseling to over 200 graduates, ensuring they have the guidance needed to navigate their college pathways successfully. Through its network of public Charter College Prep High Schools, Urban Prep is dedicated to equipping students with the skills and resources to thrive in higher education and beyond.
This information is meant to be a general summary of Urban Prep Academies. 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 2023.
- Program Service Revenue: $37,209
- Gross Receipts: $8,277,718
Assets and Liabilities:
- Total Assets: $2,325,282
- Total Liabilities: $2,432,607
- Net Assets: -$107,325
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Student Fees
Revenue
$37,209
Organization Details
Founding Year
2002
Phone
(312) 276-0259Principal Officer
Troy Boyd
Main Address
420 N Wabash Ave, Chicago, IL, 60611
NTEE Category
Code: B20 - Education
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