Overview
What is Academy Of Arts And Sciences?
The Academy of Arts and Sciences, identified as Monroe Preparatory Academy in its Doing Business As Name, is a nonprofit organization situated in Lorain, Ohio. With an address at 4101 Leavitt Road, this institution is dedicated to providing educational opportunities for children in grades K-8, as outlined for the 2021-2022 school year. The organization's primary purpose is to offer educational choice to the community, focusing on delivering instructional services to enrolled students within this age group. It operates under the guidelines of IRC 501c3, ensuring its commitment to charitable activities.
Official website here: www.monroeprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Academy of Arts and Sciences has received a two-star rating from Charity Navigator, indicating that while it exhibits strong accountability and financial management practices, it faces significant challenges in operational efficiency. The organization scored 100% in categories such as independent board membership and financial oversight, showcasing a commitment to governance and transparency. However, it struggles with financial stability, as indicated by its liabilities exceeding assets and a working capital ratio of negative, which raises concerns about its long-term viability.
Despite these financial setbacks, the organization demonstrates excellent program expense efficiency, allocating nearly all of its resources directly to its mission. This reflects a solid dedication to making an impact within its field. However, the missing tax form on its website highlights a lack of transparency, which could deter potential donors and supporters seeking to understand the organization's financial health.
In summary, while the Academy of Arts and Sciences shows strong governance and a commitment to its programs, its financial challenges and transparency issues are red flags for stakeholders. Addressing these limitations will be crucial for improving its rating and fostering greater trust among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Academy Of Arts And Sciences legitimate?
Academy Of Arts And Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy Of Arts And Sciences 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $973,018
For more financial information, click here
Official website here: www.monroeprep.org
What is the mission statement of Academy Of Arts And Sciences?
The Academy of Arts and Sciences was established with the purpose of offering educational options to students and their families in the community. Primarily, it provides instructional services to enrolled students from Grades K-8. According to its Articles of Incorporation, the organization's objectives include setting up and managing a charter school in Ohio, benefitting local children. Furthermore, it can engage in activities aligned with the objectives of a 501c3 corporation, as outlined in Chapter 1702 of the Ohio Revised Code.
Official website here: www.monroeprep.org
Who is the CEO of Academy Of Arts And Sciences?
C David Massa is the Board Member of Academy Of Arts And Sciences.
Official website here: www.monroeprep.org
What is the revenue of Academy Of Arts And Sciences?
Academy Of Arts And Sciences's revenue in 2022 was $3,332,122.
Official website here: www.monroeprep.org
Who are the executives of Academy Of Arts And Sciences and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
Official website here: www.monroeprep.org
Where can I find the form 990 for Academy Of Arts And Sciences?
Academy Of Arts And Sciences's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monroeprep.org
Learn more at the official website: www.monroeprep.org
Mission Statement of Academy Of Arts And Sciences
The Academy of Arts and Sciences is an organization committed to offering educational choices to students and their families within its community. Primarily focused on providing instructional services to enrolled students from Grades K-8, its mission, as stated in its Articles of Incorporation, is multifaceted. It aims to establish and manage a charter school with the intention of benefiting the children and community at large. The Academy of Arts and Sciences also engages in various activities that align with its primary purpose, all falling under the umbrella of a nonprofit organization, as per the guidelines set forth in IRC 501c3.
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
The Academy Of Arts And Sciences plays a crucial role in enhancing educational choices for students and families in Lorain, Ohio. By providing instructional services tailored to children in grades K-8, the academy contributes significantly to the academic development of its students. Its commitment to establishing and operating a charter school fosters an environment that prioritizes educational excellence and accessibility. This initiative not only enriches the community's educational landscape but also empowers families by offering them options that align with their children's needs. Through its dedicated efforts, the academy impacts the lives of young learners, equipping them with the skills and knowledge necessary for their future success.
This information is meant to be a general summary of Academy Of Arts And Sciences. 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.
- Gross Receipts: $3,332,122
Assets and Liabilities:
- Total Assets: $2,217,120
- Total Liabilities: $2,481,708
- Net Assets: -$264,588
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Phone
(440) 244-1056Principal Officer
C David Massa
Main Address
4101 Leavitt Road, Lorain, OH, 44053
Website
www.monroeprep.orgNTEE Category
Code: B29 - Education
If you are a representative of Academy Of Arts And Sciences 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.