Overview
What is Spero Academy?
Spero Academy, located in Minneapolis, Minnesota, is a nonprofit organization that has been in operation for 18 years. With a strong focus on serving students with disabilities, Spero Academy currently caters to 142 students, with over 92% of its population falling under this category. The demand for the school's services is evident, as its waitlist has expanded to over 300 students. The organization aims to reach its maximum capacity of 225 students by the fifth year in its new facility, and it is successfully meeting its budgetary goals associated with the facility's operation and growing enrollment. Spero Academy is renowned for providing a personalized and adaptive education to help students grow academically, emotionally, and socially. The institution consistently receives high marks in all evaluations conducted by the University of St. Thomas, its authorizer.
Official website here: www.spero.academy
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 81% (Three-Star out of Four Stars)**tar)**
Spero Academy has received a Three-Star rating from Charity Navigator, indicating a solid performance, particularly in terms of Accountability and Finance. The organization boasts 100% independent board members and demonstrates strong oversight mechanisms, such as an audit committee. Its high program expense ratio suggests that a significant portion of its funds is allocated directly to its programs, which is a positive indicator of its operational focus.
Despite these strengths, there are notable weaknesses. The organization has a liability to assets ratio of 140.51%, which raises concerns about its financial health and sustainability. Additionally, while several important policies are in place, the absence of the tax form on its website could hinder transparency.
As there are no user reviews available on GreatNonprofits, broader community sentiments and experiences with Spero Academy remain undocumented in this context. Overall, Spero Academy demonstrates a commitment to accountability, but potential supporters should be aware of financial concerns noted in the rating.
This AI summary has been generated from information found on Charity Navigator.
Is Spero Academy legitimate?
Spero Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spero 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $179,646
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,624,621
For more financial information, click here
Official website here: www.spero.academy
What is the mission statement of Spero Academy?
Spero Academy's mission is centered around providing a customized and flexible education for its students, aiming to foster their academic, emotional, and social growth. The Academy has completed its 18th year of operation and served 142 students, with an overwhelming majority being students with disabilities. Despite a waitlist exceeding 300 students, the academy is progressing towards its goal of accommodating up to 225 students by the fifth year in its new facility, while successfully meeting all associated budgetary objectives. Spero Academy consistently receives positive evaluations from the University of St. Thomas, its authorizer, reflecting its commendable performance.
Official website here: www.spero.academy
Who is the CEO of Spero Academy?
Donna Piazza is the Board Chair of Spero Academy.
Official website here: www.spero.academy
What is the revenue of Spero Academy?
Spero Academy's revenue in 2022 was $9,958,889.
Official website here: www.spero.academy
Who are the executives of Spero Academy and what are their salaries?
The average compensation at Spero Academy during 2022 was $38,129. There are 126 employees and 12 volunteers at Spero Academy.
Here are 9 key members and their salaries:
- Compensation: $85,672
- Related: $0
- Other: $27,013
- Compensation: $52,853
- Related: $0
- Other: $11,264
- Compensation: $47,397
- Related: $0
- Other: $9,346
- 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: $0
- Related: $0
- Other: $0
Official website here: www.spero.academy
Where can I find the form 990 for Spero Academy?
Spero Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spero.academy
Learn more at the official website: www.spero.academy
Mission Statement of Spero Academy
Spero Academy, a nonprofit organization, is committed to providing a personalized and adaptive education for its students, with the aim of fostering their academic, emotional, and social growth. The institution has been in operation for 18 years and has served a diverse student population, with over 92% of its students having disabilities. Despite its growing waitlist, boasting over 300 students, Spero Academy is strategically planning to reach a maximum capacity of 225 students by its fifth year in a new facility. The school's dedication to its students' success is evident in its ability to meet all budgetary goals associated with the operations of its new facility and increasing enrollment. Spero Academy's efforts have been consistently recognized, earning high marks in all evaluations conducted by the University of St. Thomas, its authorizer.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Spero Academy plays a transformative role in the education landscape, particularly for students with disabilities. Serving 142 students as of June 30, 2022, with over 92% of its population being students with disabilities, the academy focuses on delivering a personalized and adaptive educational experience. This tailored approach not only supports academic growth but also fosters emotional and social development.
The high demand for Spero Academy’s unique offerings is reflected in its growing wait-list, which has exceeded 300 students. This indicates a strong community desire for the tailored educational environment that Spero provides and supports its goal to expand capacity to 225 students within five years at its new facility.
Furthermore, the school has consistently met budgetary goals tied to its operations and growing enrollment, demonstrating solid financial management while enhancing its educational initiatives. Regular evaluations from the University of St. Thomas, Spero's authorizer, indicate high performance and effectiveness in achieving its mission. Spero Academy’s impact can thus be seen in its ability to not only serve its current students but also respond to the significant demand for inclusive and adaptive education in the Minneapolis area.
This information is meant to be a general summary of Spero Academy. 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.
- Program Service Revenue: $112,506
- Gross Receipts: $9,958,889
Assets and Liabilities:
- Total Assets: $4,601,682
- Total Liabilities: $6,797,364
- Net Assets: -$2,195,682
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL ASSISTANCE
Revenue
$112,306
FEES FROM PATRONS
Revenue
$200
Organization Details
Founding Year
2003
Phone
(612) 465-8600Principal Officer
Donna Piazza
Main Address
2701 CALIFORNIA STREET NE, MINNEAPOLIS, MN, 55418
Website
www.spero.academyNTEE Category
Code: B28 - Education
If you are a representative of Spero 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.