Overview
What is Socrates Academy Inc?
Socrates Academy Inc is a nonprofit organization that collaborates with parents and their local community to foster the growth of its students. Their mission is to empower students to achieve their full potential by cultivating critical thinking skills, fostering self-confidence, and promoting a high-achieving, multicultural, and disciplined environment. They carry out this mission by operating a charter school, providing an educational setting that encourages intellectual development and self-assurance.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 75%, Three-Star out of Four Star rating.
Socrates Academy Inc has achieved a solid Three-Star rating, reflecting a strong commitment to accountability and financial health. With a score of 75% in this category, the organization demonstrates transparency and responsible management of its resources, which is crucial for potential donors assessing its reliability.
The nonprofit boasts a fully independent board, with 100% of its members meeting independence criteria, showcasing a robust governance structure. The organization also receives top marks for its audit of financial statements and has effective policies in place to prevent conflicts of interest, ensuring integrity in its operations.
However, while the financial metrics appear strong, further details about program impact and effectiveness could enhance the overall evaluation. The organization excels in financial accountability but could benefit from communicating more about its program outcomes to provide a fuller picture of its overall mission and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Socrates Academy Inc legitimate?
Socrates Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Socrates Academy 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: $125,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,246,577
For more financial information, click here
What is the mission statement of Socrates Academy Inc?
Socrates Academy Inc's mission is to foster an environment that empowers its students to reach their full potential. This is achieved by fostering critical and analytical thinking skills, promoting self-confidence, and encouraging high academic achievement in a multicultural setting. The academy values discipline and operates as a partnership between parents, the community, and the school to ensure a conducive learning environment.
Who is the CEO of Socrates Academy Inc?
John Couchell is the Business Manager of Socrates Academy Inc.
What is the revenue of Socrates Academy Inc?
Socrates Academy Inc's revenue in 2022 was $8,884,634.
Who are the executives of Socrates Academy Inc and what are their salaries?
The average compensation at Socrates Academy Inc during 2022 was $31,453. There are 139 employees and 200 volunteers at Socrates Academy Inc.
Here are 11 key members and their salaries:
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- Compensation: $87,900
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Where can I find the form 990 for Socrates Academy Inc?
Socrates Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Socrates Academy Inc
Socrates Academy Inc, a nonprofit organization, is committed to fostering the growth and potential of its students. Their mission is to establish a collaborative partnership with parents and the community, aiming to instill critical thinking skills and self-confidence in the students. This is accomplished in an atmosphere that celebrates diversity and promotes academic excellence, instilling a sense of discipline in the process. Socrates Academy Inc strives to create an environment that encourages students to reach their full potential, nurturing their analytical abilities and instilling in them the confidence to succeed in a multicultural setting.
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Impact
August, 2024
Socrates Academy Inc, operating as a charter school, is making a significant impact by working in partnership with parents and the community to foster the development of critical and analytical thinking skills in students. Through a high-achieving, multicultural, and disciplined environment, the academy empowers students to reach their full potential and become self-confident individuals. This approach not only benefits the students directly involved but also contributes to building a more knowledgeable and skilled future generation.
This information is meant to be a general summary of Socrates Academy 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.
- Program Service Revenue: $129,372
- Gross Receipts: $8,884,634
Assets and Liabilities:
- Total Assets: $5,671,073
- Total Liabilities: $10,343,867
- Net Assets: -$4,672,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child care fees
Revenue
$129,372
Organization Details
Founding Year
2004
Phone
(704) 321-1711Principal Officer
John Couchell
Main Address
3909 Weddington Road, Matthews, NC, 28105
NTEE Category
Code: B29 - Education
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