Overview
What is The New Classical Academy Inc?
The New Classical Academy Inc is a private educational institution, catering to students from grades K through 8. It follows a conventional 5-day-week schedule, with classes commencing at 9 am and concluding at 3 pm. The school offers a traditional in-class learning experience for its students, while also providing opportunities for distance learning and homeschool enrichment programs. This versatility allows a broader range of students to reap the benefits of their educational offerings.
Official website here: www.thenewclassicalacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating
The New Classical Academy Inc has received a low rating of 43% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. A major issue is the complete lack of independent board members, which raises questions about governance and oversight. Additionally, the organization has not made its financial statements publicly available, which is critical for transparency.
Despite these shortcomings, the academy does demonstrate a strong commitment to its program expenses, with an impressive program expense ratio of 99.88%. This suggests that the majority of its resources are directed towards its educational mission rather than administrative costs. However, the absence of key policies such as a whistleblower policy and document retention policy further diminishes its credibility.
Overall, while The New Classical Academy Inc shows promise in its program spending, its governance practices and financial transparency need significant improvement to instill greater confidence among donors and stakeholders. The absence of essential financial documents and independent oversight could pose risks for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The New Classical Academy Inc legitimate?
The New Classical Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New Classical 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: $75,838
Professional Fundraising Fees: $0
Other Salaries and Wages: $402,236
For more financial information, click here
Official website here: www.thenewclassicalacademy.org
What is the mission statement of The New Classical Academy Inc?
The New Classical Academy Inc, as a private educational institution, caters to students from grades K-8. Its mission is to provide a standard educational experience, operating on a typical 5-day-week schedule from 9 am to 3 pm. While the primary learning takes place during this time for traditional students, the academy also extends its offerings to those opting for distance learning or homeschool enrichment programs.
Official website here: www.thenewclassicalacademy.org
What is the revenue of The New Classical Academy Inc?
The New Classical Academy Inc's revenue in 2023 was $705,315.
Official website here: www.thenewclassicalacademy.org
Who are the executives of The New Classical Academy Inc and what are their salaries?
The average compensation at The New Classical Academy Inc during 2023 was $36,775. There are 13 employees at The New Classical Academy Inc.
There is 1 key member and their salary:
- Compensation: $75,838
- Related: $0
- Other: $0
Official website here: www.thenewclassicalacademy.org
Where can I find the form 990 for The New Classical Academy Inc?
The New Classical Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thenewclassicalacademy.org
Learn more at the official website: www.thenewclassicalacademy.org
Mission Statement of The New Classical Academy Inc
The New Classical Academy, a private institution, is dedicated to serving students from grades K-8. Its mission is to provide a comprehensive educational experience, operating on a traditional 5-day-a-week schedule from 9 am to 3 pm. The academy caters to students in the traditional program, who attend classes throughout the week. However, it also extends its reach to those opting for distance learning or homeschool enrichment programs, offering them the opportunity to benefit from its offerings as well.
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Impact
July, 2024
The New Classical Academy Inc's impact is evident through its provision of high-quality education to students in grades K-8 in Asheville, NC. By offering a traditional program as well as distance learning and homeschool enrichment options, the academy provides a flexible and comprehensive educational experience to meet diverse student needs. Through its focus on classical education, the academy aims to nurture students' intellectual growth and overall development, preparing them for future success. This commitment to education underscores The New Classical Academy Inc's positive influence on the academic and personal growth of its students.
This information is meant to be a general summary of The New Classical 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 2023.
- Investment Income: $6
- Program Service Revenue: $691,904
- Gross Receipts: $705,315
Assets and Liabilities:
- Total Assets: $1,053,869
- Total Liabilities: $894,534
- Net Assets: $159,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEES-TRADITIONAL
Revenue
$624,309
OTHER CLASSES & PROGRAMS
Revenue
$50,100
OTHER INCOME/LATE FEES
Revenue
$12,252
APPLICATION FEES
Revenue
$6,160
TUITION FEES-HOME SCHOOL
Revenue
-$917
Organization Details
Principal Officer
Andrew M Cross
NTEE Category
Code: B30 - Education
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