Overview
What is Anchor Academy Inc?
Anchor Academy Inc, with its headquarters in Norwalk, Connecticut, is a nonprofit organization that provides a classical education to students in grades K-8. Employing 26 dedicated individuals, the academy upholds a Roman Catholic ethos and adheres to the Magisterium, ensuring a strong connection with religious teachings. The educational approach is both scholarly and traditional, striving for academic excellence while fostering a deep relationship with Christ, emulating the example set by the Apostles. With a focus on providing an affordable education for all attending, Anchor Academy Inc serves as a nurturing space for students to grow intellectually and spiritually.
Official website here: www.reginapacisacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Anchor Academy Inc. has achieved a respectable Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is derived entirely from its Accountability & Finance metrics, indicating a strong emphasis on transparency and responsible management of its financial resources. The organization has demonstrated a commitment to governance with a board composed entirely of independent members and robust policies in place, such as a conflict of interest policy and a whistleblower policy.
The accountability scores are particularly noteworthy, with the organization achieving full marks in various categories including material diversion of assets and documentation practices. Additionally, the high program expense ratio of 94.79% suggests that a significant portion of its funds is directed towards its mission-related activities, which is a positive indicator for potential donors looking for effective use of their contributions.
Despite the strong score, it is important to note that the rating is based exclusively on financial accountability. Potential supporters may wish to look for further information regarding the organization’s programmatic impact and effectiveness in fulfilling its mission, as these aspects are not assessed in this rating. Overall, Anchor Academy Inc. shows solid financial management but may benefit from enhanced visibility into its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor Academy Inc legitimate?
Anchor Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $419,251
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Official website here: www.reginapacisacademy.com
What is the mission statement of Anchor Academy Inc?
Anchor Academy Inc's mission is centered around providing an education that combines religious and classical teachings. The academy, which caters to students in grades K-8, aims to achieve academic excellence while fostering a deep relationship with Christ, emulating the example set by the Apostles. This is accomplished through a Roman Catholic classical curriculum taught by instructors who adhere to the Magisterium's teachings. The academy offers a rigorous academic program at an affordable cost for all its attendees.
Official website here: www.reginapacisacademy.com
Who is the CEO of Anchor Academy Inc?
Francis Schanne is the Trustee of Anchor Academy Inc.
Official website here: www.reginapacisacademy.com
What is the revenue of Anchor Academy Inc?
Anchor Academy Inc's revenue in 2022 was $676,568.
Official website here: www.reginapacisacademy.com
Who are the executives of Anchor Academy Inc and what are their salaries?
The average compensation at Anchor Academy Inc during 2022 was $16,125. There are 26 employees and 7 volunteers at Anchor Academy Inc.
Here are 7 key members and their salaries:
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Official website here: www.reginapacisacademy.com
Where can I find the form 990 for Anchor Academy Inc?
Anchor Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reginapacisacademy.com
Learn more at the official website: www.reginapacisacademy.com
Mission Statement of Anchor Academy Inc
Anchor Academy Inc, a non-profit organization, is committed to providing an education that is both apostolic and classical, catering to students in grades K-8. Their mission is multi-faceted, aiming to achieve academic excellence while fostering a profound relationship with Christ. This is inspired by the Apostles, with the teachers at Anchor Academy Inc being loyal to the Magisterium. The academy offers an academically rigorous curriculum drawn from the classical tradition, all at a reasonable cost for those who attend.
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Impact
July, 2024
Anchor Academy Inc, operating as Regina Pacis Academy, provides 82 students in grades K-8 with a Roman Catholic classical education taught by teachers loyal to the Magisterium. Their impact lies in offering an academically rigorous curriculum from the classical tradition, aiming to achieve academic excellence and nurture an intimate relationship with Christ as modeled by the Apostles. Their mission aligns with their tag of "Education" as they strive to provide a unique educational experience for their students in Norwalk, Connecticut.
This information is meant to be a general summary of Anchor 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: $392,613
- Gross Receipts: $720,834
Assets and Liabilities:
- Total Assets: $347,417
- Total Liabilities: $87,657
- Net Assets: $259,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$366,495
BOOK FEES
Revenue
$25,118
APPLICATION FEE
Revenue
$1,000
Organization Details
Founding Year
2005
Phone
(203) 884-0926Principal Officer
Francis Schanne
Main Address
PO BOX 774, NORWALK, CT, 06852
Website
www.reginapacisacademy.comNTEE Category
Code: B20 - Education
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