Overview
What is Arete Preparatory Academy?
Arete Preparatory Academy is a nonprofit educational institution situated in Phoenix, Arizona. Its primary mission is to nurture students into becoming compassionate leaders, capable of achieving success in higher education and professional careers. The curriculum is built on the principles of classical liberal arts and employs a revolutionary approach to education, fostering the hearts and minds of students in their quest for truth, goodness, and beauty. By focusing on more than just test proficiency, the academy cultivates well-rounded individuals, preparing them for a fulfilling journey ahead.
Official website here: www.areteprepacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Arete Preparatory Academy has earned an 81% rating from Charity Navigator, indicating a solid level of accountability and financial management. The score reflects a strong emphasis on governance, with a completely independent board and robust oversight practices, contributing to its commendable performance in the Accountability & Finance category.
The organization demonstrates fiscal responsibility, with a high program expense ratio of 87.59%, suggesting that a significant portion of its resources is directed toward its educational mission rather than administrative costs. Additionally, the academy has implemented several policies such as conflict of interest and whistleblower policies, which further reinforce its commitment to transparency and ethical practices.
However, the academy did receive a low score in the Liabilities to Assets ratio, which may indicate potential financial risks. While overall ratings are favorable, this aspect should be monitored by stakeholders to ensure the long-term sustainability of the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Arete Preparatory Academy?
94% of reviewers on Facebook recommend Arete Preparatory Academy. Here is a summary of their reviews:
Many parents and students express appreciation for the nurturing environment at the academy. Reviewers highlight the strong sense of community and support, noting that the teachers are deeply committed to the success of their students. The positive atmosphere fosters personal growth and development, making it an ideal setting for learners to thrive.
Overall, the consensus seems to be that Arete Preparatory Academy genuinely delivers on its promises, offering both excellent educational practices and a loving support system for students.
This AI summary has been generated from reviews found on Facebook.
Is Arete Preparatory Academy legitimate?
Arete Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arete Preparatory Academy 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: $105,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,726,976
For more financial information, click here
Official website here: www.areteprepacademy.org
What is the mission statement of Arete Preparatory Academy?
Arete Preparatory Academy's mission is to educate its students beyond mere test proficiency, aiming to develop great-hearted leaders capable of achieving success throughout their higher education and professional careers. This is achieved through a curriculum grounded in the classical liberal arts tradition and a revolutionary approach to learning, fostering the pursuit of truth, goodness, and beauty in students' hearts and minds.
Official website here: www.areteprepacademy.org
Who is the CEO of Arete Preparatory Academy?
Katherine Mcmillan is the President of Arete Preparatory Academy.
Official website here: www.areteprepacademy.org
What is the revenue of Arete Preparatory Academy?
Arete Preparatory Academy's revenue in 2022 was $5,873,907.
Official website here: www.areteprepacademy.org
Who are the executives of Arete Preparatory Academy and what are their salaries?
There 85 volunteers at Arete Preparatory Academy.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $97,169
- Other: $8,350
Official website here: www.areteprepacademy.org
Where can I find the form 990 for Arete Preparatory Academy?
Arete Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.areteprepacademy.org
Learn more at the official website: www.areteprepacademy.org
Mission Statement of Arete Preparatory Academy
Arete Preparatory Academy, a renowned educational institution, strives to go beyond merely preparing students to excel in standardized tests. Instead, it aims to foster great-hearted leaders capable of achieving success in their higher education and professional careers. The academy achieves this goal through a curriculum grounded in the classical liberal arts tradition and an innovative approach to education itself. By cultivating the hearts and minds of its students in the pursuit of truth, goodness, and beauty, Arete Preparatory Academy sets its learners on a path to becoming well-rounded individuals who can make a significant impact in their chosen fields.
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Impact
October, 2024
Arete Preparatory Academy profoundly impacts its students by equipping them with the skills and mindset needed to grow into great-hearted leaders. The academy's education transcends mere test preparation, aiming instead to foster a deep understanding of truth, goodness, and beauty through a classical liberal arts curriculum. This innovative approach nurtures both the intellectual and moral development of students, preparing them for success in higher education and their future careers. By cultivating critical thinking, ethical leadership, and a love for learning, Arete Preparatory Academy shapes individuals who are not only proficient in their studies but also equipped to contribute positively to society. Located in Phoenix, Arizona, the academy's mission is clear: to inspire students to lead meaningful lives and pursue excellence in all their endeavors.
This information is meant to be a general summary of Arete Preparatory Academy. 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: $8,825
- Program Service Revenue: $4,907,648
- Gross Receipts: $5,873,907
Assets and Liabilities:
- Total Assets: $1,776,122
- Total Liabilities: $315,167
- Net Assets: $1,460,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE EQUALIZATION
Revenue
$4,243,272
CLASSROOM SITE FUNDS
Revenue
$481,568
CO-CURRICULAR ACTIVITIES
Revenue
$182,808
Organization Details
Founding Year
2006
Phone
(602) 386-1881Principal Officer
Katherine Mcmillan
Main Address
4801 E WASHINGTON STREET SUITE 250, PHOENIX, AZ, 85034
Website
www.areteprepacademy.orgNTEE Category
Code: B29 - Education
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