Overview
What is Pharos Academy Charter School?
Pharos Academy Charter School is a K-12 public charter institution located in the Longwood section of the Bronx, New York. With a strong commitment to education and closing urban education gaps, the school had 683 students in attendance during the fiscal year ended June 30, 2022. Pharos Academy's mission is to develop scholars who effectively communicate, exhibit intellectual curiosity, and solve problems using various approaches. The school employs 159 individuals and is dedicated to providing quality education to Bronx children.
Official website here: www.pharosacademies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Pharos Academy Charter School has received a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scores particularly high in areas such as having a fully independent board and effective audit oversight, which indicates a solid governance structure. Furthermore, the charity demonstrates commitment to transparency and ethical practices through its well-documented policies on conflicts of interest and whistleblower protections.
The financial management of Pharos Academy is notable, with a program expense ratio of 88%, suggesting that a significant portion of its budget is directed towards its educational programs. This efficiency in resource allocation is a positive indicator for stakeholders and supporters who prioritize impact and effectiveness in nonprofit operations.
However, there are some areas for improvement, particularly in the liabilities to assets ratio, which stands at 59.31%. This indicates a moderate level of financial leverage that may warrant monitoring. Overall, the school shows a strong commitment to accountability, although potential contributors may want to consider the financial health indicators as part of their decision-making.
This AI summary has been generated from information found on Charity Navigator.
Is Pharos Academy Charter School legitimate?
Pharos Academy Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pharos Academy Charter School 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: $721,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,475,089
For more financial information, click here
Official website here: www.pharosacademies.org
What is the mission statement of Pharos Academy Charter School?
The Pharos Academy Charter School is a K-12 educational institution committed to fostering scholars who excel in communication, intellectual curiosity, and problem-solving through diverse approaches. The school is unwavering in its dedication to educating students from urban areas, striving to bridge all education disparities.
Official website here: www.pharosacademies.org
Who is the CEO of Pharos Academy Charter School?
Javier Lopez-Molina is the Secretary of Pharos Academy Charter School.
Official website here: www.pharosacademies.org
What is the revenue of Pharos Academy Charter School?
Pharos Academy Charter School's revenue in 2022 was $15,346,301.
Official website here: www.pharosacademies.org
Who are the executives of Pharos Academy Charter School and what are their salaries?
The average compensation at Pharos Academy Charter School during 2022 was $51,551. There are 159 employees and 10 volunteers at Pharos Academy Charter School.
Here are 18 key members and their salaries:
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- Compensation: $130,829
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- Other: $14,825
- Compensation: $127,107
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- Other: $14,633
Official website here: www.pharosacademies.org
Where can I find the form 990 for Pharos Academy Charter School?
Pharos Academy Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pharosacademies.org
Learn more at the official website: www.pharosacademies.org
Mission Statement of Pharos Academy Charter School
Pharos Academy Charter School, a dedicated K-12 public charter institution, is committed to nurturing scholars in the Bronx, New York. Their mission is twofold: first, to cultivate students who excel in communication, demonstrate intellectual curiosity, and possess the ability to solve complex problems using various methods; second, to relentlessly pursue the education of Bronx children, leaving no educational disparities unaddressed.
In simpler terms, Pharos Academy Charter School aims to develop well-rounded students with strong communication skills, a thirst for knowledge, and a problem-solving mindset. This innovative educational institution remains unwavering in its commitment to the Bronx community, striving tirelessly to bridge all urban education gaps.
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Impact
October, 2024
Pharos Academy Charter School plays a transformative role in the Longwood section of the Bronx, NY, by providing K-12 education tailored to the needs of its diverse student population. With a commitment to developing scholars who are effective communicators, intellectually curious, and skilled problem-solvers, the school creates an environment that fosters academic excellence and personal growth.
By serving 683 students in the 2021-2022 fiscal year, Pharos Academy addresses critical educational gaps in an urban setting, ensuring that students receive high-quality education designed to inspire and empower them. The school's unapologetic focus on the Bronx community reflects its dedication to nurturing the potential of every child, thus making a significant impact on the educational landscape of the area.
Through innovative teaching methods and a strong emphasis on critical thinking, Pharos Academy is not only shaping the minds of its students but also contributing positively to the broader community by preparing young individuals to tackle future challenges and become active, engaged citizens.
This information is meant to be a general summary of Pharos Academy Charter School. 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: $22,082
- Program Service Revenue: $12,456,527
- Gross Receipts: $16,506,301
Assets and Liabilities:
- Total Assets: $9,897,285
- Total Liabilities: $1,574,570
- Net Assets: $8,322,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ENROLLMENT FEES
Revenue
$12,389,439
OTHER INCOME
Revenue
$67,088
Organization Details
Founding Year
2004
Phone
(646) 915-0025Principal Officer
Javier Lopez-Molina
Main Address
1001 INTERVALE AVENUE, BRONX, NY, 10459
Website
www.pharosacademies.orgNTEE Category
Code: B29 - Education
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