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Thales Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208920342 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Thales Academy?

Thales Academy is an independent nonprofit educational institution based in Raleigh, North Carolina. They operate schools in various locations, including Apex, Cary, Holly Springs, Knightdale, Raleigh, Rolesville, Wake Forest, and Waxhaw in North Carolina, Franklin in Tennessee, and Glen Allen in Virginia. The schools collectively have the capacity to accommodate 6,000 students. Thales Academy serves students from pre-kindergarten to twelfth grade, offering them a comprehensive educational experience. With a workforce of 659 employees, Thales Academy is committed to providing quality education to its students across multiple communities.


Official website here: www.thalesacademy.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)

Thales Academy has achieved an impressive 96% rating on Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization scores exceptionally in various areas, including having a fully independent board and maintaining a high program expense ratio, indicating that a significant portion of its funds is directed towards its mission rather than administrative costs.

The nonprofit has demonstrated robust governance practices, with a comprehensive set of policies in place, including conflict of interest and whistleblower policies. Its financial oversight appears solid, as evidenced by the absence of any material diversion of assets, and its liabilities to assets ratio indicates a healthy financial position.

Despite the positive ratings, potential limitations or areas for improvement were not highlighted in the available data. Overall, Thales Academy stands out as a well-managed organization, reassuring donors of its financial integrity and commitment to its educational mission.


This AI summary has been generated from information found on Charity Navigator.

Is Thales Academy legitimate?

Thales Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thales 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: $101,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,974,978

For more financial information, click here


Official website here: www.thalesacademy.org

What is the mission statement of Thales Academy?

Thales Academy is an independent school catering to students from pre-kindergarten to twelfth grade. Its mission is focused on providing education to a substantial number of students. With facilities in various locations such as North Carolina, Tennessee, and Virginia, Thales Academy has the capacity to teach approximately 6,000 students in total. The schools under its umbrella are dedicated to fostering learning and growth for students during their formative years. The organization's mission is driven by the goal of delivering a quality educational experience to a diverse student body. By offering education from early childhood to the secondary level, Thales Academy aims to prepare students for their future endeavors and contribute to their overall development.


Official website here: www.thalesacademy.org

Who is the CEO of Thales Academy?

William H Francis Jr is the President & Chair of Thales Academy.


Official website here: www.thalesacademy.org

What is the revenue of Thales Academy?

Thales Academy's revenue in 2022 was $53,403,024.


Official website here: www.thalesacademy.org

Who are the executives of Thales Academy and what are their salaries?

The average compensation at Thales Academy during 2022 was $27,431. There are 659 employees and 112 volunteers at Thales Academy.


Here are 5 key members and their salaries:


Robert L Luddy (President & Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
William H Francis Jr (Secretary-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy A Nunnenkamp (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randolph L Luddy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hilery Herman-Pagliolo (Director Of Academics)
  • Compensation: $78,070
  • Related: $0
  • Other: $15,554


Official website here: www.thalesacademy.org

Where can I find the form 990 for Thales Academy?

Thales Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thalesacademy.org

Learn more at the official website: www.thalesacademy.org

Mission Statement of Thales Academy

Thales Academy, an independent school, dedicates itself to educating students from pre-kindergarten to twelfth grade. With a presence in multiple locations, this institution caters to over 6,000 students across North Carolina, Tennessee, and Virginia.

Thales Academy's mission is geared towards nurturing young minds through their formative years. This independent school offers a comprehensive education, serving students from various backgrounds and learning abilities. The academy's commitment to quality education is reflected in its diverse student body and extensive facilities.

Thales Academy's educational approach prioritizes individual growth and academic excellence. It fosters a learning environment that encourages curiosity, critical thinking, and creativity in its students. By providing a solid foundation in core subjects, the academy prepares students for future academic and professional pursuits.

Additionally, Thales Academy goes beyond traditional classroom learning by offering a well-rounded curriculum. This includes extracurricular activities, sports programs, and community engagement initiatives. These opportunities enable students to explore their interests, build essential skills, and forge lasting friendships.

Thales Academy's dedicated faculty is committed to inspiring students to reach their full potential. With a focus on personalized learning, the academy tailors its educational programs to cater to the unique needs of each student. This student-centered approach allows the academy to foster a supportive learning environment where students feel empowered to succeed.

In conclusion, Thales Academy is an independent institution that serves students from pre-kindergarten to twelfth grade and has a capacity to teach 6,000 students across North Carolina, Tennessee, and Virginia. Its mission is to provide a comprehensive education that fosters individual growth, academic excellence, and a well-rounded learning experience.

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Impact




August, 2024

Thales Academy has made a significant impact on the education landscape by providing independent schooling to students from Pre-Kindergarten to Twelfth grade. With facilities across multiple cities in North Carolina, Tennessee, and Virginia, Thales Academy has a combined capacity to teach 6,000 students. By offering quality education and a wide range of academic opportunities, Thales Academy is shaping the next generation of learners and preparing them for success in their academic and professional endeavors. Through its commitment to excellence, Thales Academy is impacting communities by providing a high-quality educational option for families seeking a personalized and rigorous learning environment.




This information is meant to be a general summary of Thales 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.

Revenue
$53,403,024 (2022)
Expenses
$32,633,017 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,758,054
  • Program Service Revenue: $26,996,147
  • Gross Receipts: $86,793,357

Assets and Liabilities:

  • Total Assets: $156,547,178
  • Total Liabilities: $40,814,658
  • Net Assets: $115,732,520

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION

Revenue

$25,003,666

AFTERSCHOOL CARE FEES

Revenue

$1,400,291

STUDENT ACTIVITY FEES

Revenue

$592,190

Organization Details

Founding Year

2007

Principal Officer

William H Francis Jr

Main Address

4641 PARAGON PARK ROAD, RALEIGH, NC, 27616

NTEE Category

Code: B24 - Education

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