Overview
What is Synergy Academies?
Synergy Academies is a nonprofit organization based in Los Angeles, California, operating as a network of public charter schools. With a mission to eliminate the achievement gap, Synergy Academies runs schools serving students from kindergarten to twelfth grade. Their educational approach is holistic and based on collective accountability. Synergy Academies operates three schools – Synergy Charter Academy, Synergy Kinetic Academy, and Synergy Quantum Academy – collectively serving approximately 1,178 students during the 2021-22 fiscal year. The organization employs a team of 196 individuals and is committed to sharing best practices through professional collaboration.
Official website here: www.wearesynergy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Synergy Academies has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in financial health and accountability. The organization scored 96% in the Accountability & Finance category, which signifies a robust commitment to transparency and responsible financial management. This high score reflects well on its governance practices, including the use of a majority independent board and established policies such as conflict of interest and whistleblower protections.
The organization excels in several key areas, including a program expense ratio of 89.74%, which shows that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, Synergy Academies has maintained a low liabilities-to-assets ratio of 24.52%, suggesting sound financial stability and effective asset management. Their fiscal responsibility is further underscored by having no material diversion of assets, indicating that funds are used as intended.
Despite these strengths, the summary does not highlight specific areas of improvement or limitations noted by users. However, the transparency of their operations and strong adherence to best practices offer a solid foundation for trust among stakeholders and potential donors. Overall, Synergy Academies demonstrates a commitment to excellence in its financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Synergy Academies legitimate?
Synergy Academies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Synergy 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: $385,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,096,800
For more financial information, click here
Official website here: www.wearesynergy.org
What is the mission statement of Synergy Academies?
Synergy Academies' mission centers around eliminating the achievement gap by creating and sharing effective educational solutions. They accomplish this mission through the operation of urban public charter schools in various locations, which emphasize a holistic approach to education. The organization believes in collective accountability, meaning all parties involved are responsible for the success of the students. Synergy Academies also prioritize collaboration among professionals to disseminate best practices and enhance educational strategies. Their mission is to make a positive impact on students' academic achievements and create a better educational environment.
Official website here: www.wearesynergy.org
Who is the CEO of Synergy Academies?
Rhonda Deomampo is the Chief Executive Officer of Synergy Academies. The CEO's salary of Synergy Academies is $161,432 and their total compensation is $207,312.
Official website here: www.wearesynergy.org
What is the revenue of Synergy Academies?
Synergy Academies's revenue in 2022 was $21,618,793.
Official website here: www.wearesynergy.org
Who are the executives of Synergy Academies and what are their salaries?
The average compensation at Synergy Academies during 2022 was $53,483. There are 196 employees and 15 volunteers at Synergy Academies.
Here are 16 key members and their salaries (Synergy Academies's CEO's salary is $161,432 and their total compensation is $207,312):
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- Compensation: $161,432
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- Other: $45,880
- Compensation: $136,980
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- Other: $33,681
- Compensation: $163,777
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- Other: $45,615
- Compensation: $127,054
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- Other: $23,250
- Compensation: $120,745
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- Other: $43,770
- Compensation: $131,872
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- Other: $25,626
- Compensation: $138,218
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- Other: $41,724
Official website here: www.wearesynergy.org
Where can I find the form 990 for Synergy Academies?
Synergy Academies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wearesynergy.org
Learn more at the official website: www.wearesynergy.org
Mission Statement of Synergy Academies
Synergy Academies, a mission-driven organization, strives to eliminate the achievement gap by creating and disseminating effective educational solutions in urban communities. Synergy Academies achieves this goal by operating public charter schools in South Los Angeles, implementing a holistic approach to education, fostering collective accountability, and collaborating with professional partners to share best practices.
At the heart of Synergy Academies' mission is the belief that every child deserves access to a high-quality education. To make this a reality, the organization operates public charter schools in urban areas, where the achievement gap is often most pronounced. Synergy Academies' educational model prioritizes a holistic approach, addressing not just academic needs but also the social and emotional wellbeing of students. By providing a well-rounded education, Synergy Academies aims to prepare students for success in all areas of life.
Moreover, Synergy Academies emphasizes collective accountability, recognizing that the educational journey is a shared responsibility. The organization fosters a collaborative culture, bringing together educators, students, families, and the community to work toward a common goal. By believing in the power of collective accountability, Synergy Academies fosters a strong support system that helps students overcome challenges and reach their full potential.
In addition to operating schools, Synergy Academies shares its knowledge and expertise with other educational institutions through professional collaboration. The organization believes that by working together, they can amplify their impact and create a ripple effect of improvement in urban education. Synergy Academies' commitment to collaboration and knowledge-sharing sets it apart as a trailblazer in the education sector.
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Impact
October, 2024
Synergy Academies has made a significant impact on education in South Los Angeles by operating urban public charter schools that target the achievement gap. By serving approximately 1,178 students across various grade levels—K-5, 6-8, and 9-12—Synergy Academies has implemented a holistic approach to education that emphasizes not only academic growth but also social and emotional development.
The focus on collective accountability ensures that educators and the community work together towards common goals, fostering an environment of collaboration and support. Through this commitment to sharing best practices and engaging in professional collaboration, Synergy Academies has created a learning environment that empowers both students and educators, helping to close the educational disparities faced by many in the region.
The 180 days of instruction provided each year reflect a dedication to delivering a consistent and comprehensive educational experience, positioning students for future success. Overall, Synergy Academies is redefining educational outcomes in their community by prioritizing innovative solutions and promoting equity in education.
This information is meant to be a general summary of Synergy 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 2022.
- Investment Income: $3,736
- Gross Receipts: $21,618,793
Assets and Liabilities:
- Total Assets: $22,403,920
- Total Liabilities: $2,551,594
- Net Assets: $19,852,326
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Organization Details
Founding Year
2004
Phone
(323) 250-2375Principal Officer
Rhonda Deomampo
Main Address
PO BOX 78999, LOS ANGELES, CA, 90016
Website
www.wearesynergy.orgNTEE Category
Code: B20 - Education
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