Overview
What is Ivy Bound Academy?
Ivy Bound Academy is a commendable nonprofit organization situated in an unspecified location. It caters to students in the fifth through eighth grades, offering them an exceptional educational experience without the financial burden of attending a private school. The academy's primary objective is to provide quality education, striving to make learning accessible to a wider audience. The organization's mission is deeply rooted in this commitment, ensuring it delivers top-tier education to its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Ivy Bound Academy has received a Three-Star rating from Charity Navigator, primarily based on its strong accountability and finance practices. The organization scored an impressive 84% in this category, indicating a solid commitment to transparency and responsible financial management. Key strengths include having a fully independent board, comprehensive financial audits, and robust policies in place for conflicts of interest and whistleblower protections.
The charity's high scores in areas like independent board composition and the absence of asset diversion reflect a well-structured governance framework. Additionally, the program expense ratio of 67.16% demonstrates that a significant portion of its resources is directed toward its mission-related activities. This is a positive indicator for potential donors looking for organizations that effectively utilize their funding.
However, the organization has room for improvement, particularly in its liabilities to assets ratio, which stands at 58.54%. This figure suggests that while the charity is managing its obligations, there may be concerns regarding its financial leverage. Overall, Ivy Bound Academy shows a strong commitment to accountability, though attention to financial sustainability will be essential for its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Ivy Bound Academy legitimate?
Ivy Bound Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivy Bound 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: $349,574
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,697,869
For more financial information, click here
What is the mission statement of Ivy Bound Academy?
Ivy Bound Academy, catering to students in fifth through eighth grade, is committed to delivering a top-notch education without the financial burden associated with private schools. Its primary objective is to offer education as its mission. The academy strives to provide its students with a well-rounded educational experience, ensuring they receive an education of the same quality as that offered at private schools, without the associated cost.
Who is the CEO of Ivy Bound Academy?
Dr Stephen Bluestein is the Executive Dir. of Ivy Bound Academy.
What is the revenue of Ivy Bound Academy?
Ivy Bound Academy's revenue in 2022 was $4,356,528.
Who are the executives of Ivy Bound Academy and what are their salaries?
The average compensation at Ivy Bound Academy during 2022 was $47,615. There are 43 employees at Ivy Bound Academy.
Here are 9 key members and their salaries:
- Compensation: $172,498
- Related: $0
- Other: $17,812
- Compensation: $112,008
- Related: $0
- Other: $0
- Compensation: $94,769
- Related: $0
- Other: $15,547
- Compensation: $82,357
- Related: $0
- Other: $14,038
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ivy Bound Academy?
Ivy Bound Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ivy Bound Academy
Ivy Bound Academy, a nonprofit organization, is dedicated to providing a top-notch education to students in grades five through eight. Its mission is to offer an exceptional learning experience without the financial burden often associated with private schools. The academy's primary goal is to provide education, ensuring that every student receives a quality education that would otherwise be inaccessible due to cost.
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Impact
October, 2024
Ivy Bound Academy significantly impacts the community by providing high-quality educational opportunities to students in grades five through eight. Located in Sherman Oaks, CA, the academy offers an exceptional academic experience that rivals private school standards without the associated financial burden. This commitment to accessible education ensures that families can afford an enriching learning environment that fosters academic excellence, personal growth, and critical thinking skills.
By focusing on this pivotal educational stage, Ivy Bound Academy equips students with the foundational skills and knowledge necessary for future success. The academy's tailored curriculum and dedicated educators create a supportive atmosphere that nurtures each child's potential, ultimately contributing to the development of well-rounded and prepared individuals ready to tackle the challenges of higher education and beyond.
This information is meant to be a general summary of Ivy Bound 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: $446
- Gross Receipts: $4,356,528
Assets and Liabilities:
- Total Assets: $3,968,838
- Total Liabilities: $293,530
- Net Assets: $3,675,308
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Organization Details
Founding Year
2007
Phone
(818) 808-0158Principal Officer
Dr Stephen Bluestein
Main Address
15355 MORRISON AVENUE, SHERMAN OAKS, CA, 91403
NTEE Category
Code: B200 - Education
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