Overview
What is The Maritime Academy Of Toledo?
The Maritime Academy of Toledo is a tuition-free community school situated in Toledo, Ohio, specifically at 803 Water Street. Their mission is dedicated to fostering academic excellence and instilling positive character traits in students through an engaging educational environment. This environment encourages hands-on, real-life learning, authentic assessment, and character development. The academy incorporates Navy Sea Cadet formation and US Coast Guard Junior Reserve Officers Training Corps to promote teamwork, all within a safe and healthy learning environment. Strong family partnerships are a priority, ensuring a comprehensive support system for each student. The academy aims to achieve a 100% pass rate for the Ohio Grad Test and 100% diploma and graduation rate for its students.
Official website here: www.maritimeacademy.us/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The Maritime Academy of Toledo has earned a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The organization demonstrates strong governance practices with 100% independent board members and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. Additionally, the program expense ratio is notably high at 97.24%, which suggests that the majority of its resources are directed towards its programs.
However, the academy faces significant challenges, particularly reflected in its liabilities to assets ratio of 138.63%, which is a cause for concern regarding financial stability. This high ratio indicates that the organization's liabilities exceed its assets, which may impact its long-term sustainability and ability to meet its obligations. While the operational transparency is commendable, the financial risk highlighted may deter potential donors looking for stability.
Overall, while The Maritime Academy of Toledo has strong governance and a commitment to program expenditure, it must address its financial health to improve its rating and instill greater confidence among supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Maritime Academy Of Toledo legitimate?
The Maritime Academy Of Toledo is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maritime Academy Of Toledo 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: $7,920
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,320,638
For more financial information, click here
Official website here: www.maritimeacademy.us/
What is the mission statement of The Maritime Academy Of Toledo?
The Maritime Academy of Toledo, a tuition-free community school, has a mission to empower its students to achieve academic excellence and cultivate positive character traits. This is accomplished in an educational environment that promotes hands-on, real-life learning, authentic assessment, and character formation. The academy also ensures a safe and healthy learning environment and strives to foster strong partnerships with families, supporting its mission as a whole.
Official website here: www.maritimeacademy.us/
Who is the CEO of The Maritime Academy Of Toledo?
Anthony Swartz is the Chairman of The Maritime Academy Of Toledo.
Official website here: www.maritimeacademy.us/
What is the revenue of The Maritime Academy Of Toledo?
The Maritime Academy Of Toledo's revenue in 2022 was $4,097,597.
Official website here: www.maritimeacademy.us/
Who are the executives of The Maritime Academy Of Toledo and what are their salaries?
The average compensation at The Maritime Academy Of Toledo during 2022 was $35,281. There are 66 employees at The Maritime Academy Of Toledo.
Here are 7 key members and their salaries:
- Compensation: $1,805
- Related: $0
- Other: $0
- Compensation: $1,680
- Related: $0
- Other: $0
- Compensation: $1,625
- Related: $0
- Other: $0
- Compensation: $1,560
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.maritimeacademy.us/
Where can I find the form 990 for The Maritime Academy Of Toledo?
The Maritime Academy Of Toledo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maritimeacademy.us/
Learn more at the official website: www.maritimeacademy.us/
Mission Statement of The Maritime Academy Of Toledo
The Maritime Academy of Toledo, a tuition-free community school, is dedicated to empowering its students to achieve academic excellence and cultivate positive character traits. The educational environment at this institution encourages hands-on, life-based learning, authentic assessment, and character formation. The academy strives to create a safe and healthy learning environment that supports its mission and fosters strong partnerships with families. The Maritime Academy of Toledo is committed to enabling each student to reach their full potential, not just academically, but also in terms of personal growth and development.
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Impact
August, 2024
The Maritime Academy of Toledo has a significant impact on its community by providing a tuition-free educational environment that enables students to pursue academic excellence and develop positive character traits. The academy is committed to ensuring 100% student passage of the Ohio Graduation Test and achieving a 100% diploma and graduation rate. By incorporating Navy Sea Cadet formation and US Coast Guard Junior Reserve Officers Training Corp programs, the academy promotes teamwork through maritime and nautical focused themes. The hands-on, life-based learning approach, along with authentic assessment methods, help students acquire valuable skills and knowledge for their future. Through its dedication to providing a safe and healthy learning environment and fostering strong partnerships with families, The Maritime Academy of Toledo plays a pivotal role in shaping the next generation of leaders and contributing to the overall educational landscape of Toledo, Ohio.
This information is meant to be a general summary of The Maritime Academy Of Toledo. 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: $2,852
- Program Service Revenue: $57,401
- Gross Receipts: $4,097,597
Assets and Liabilities:
- Total Assets: $3,996,225
- Total Liabilities: $5,787,795
- Net Assets: -$1,791,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPACE RENTAL
Revenue
$24,141
OTHER REVENUES
Revenue
$15,073
CLASSROOM FEES
Revenue
$11,646
EXTRACURRICULAR
Revenue
$6,477
FOOD SERVICES
Revenue
$64
Organization Details
Founding Year
2006
Phone
(419) 246-3075Principal Officer
Anthony Swartz
Main Address
803 WATER STREET, TOLEDO, OH, 43604
Website
www.maritimeacademy.us/NTEE Category
Code: B25 - Education
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