Overview
What is Caravel Academy Inc?
Caravel Academy Inc is a distinguished private, non-profit educational institution located at 2801 Del Laws Road, Bear, DE 19701. With a strong focus on college preparation, the school caters to students from preschool to grade 12, accommodating 1117 pupils during the 2021-2022 academic year. Caravel Academy is deeply committed to fostering honesty, personal integrity, and good sportsmanship among its students. The institution's mission is to provide an inclusive and supportive learning environment, aiming to develop well-rounded individuals who embody these core values. With a dedicated workforce of 277 employees, Caravel Academy is devoted to nurturing the academic, social, and personal growth of its student body.
Official website here: www.caravel.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Caravel Academy Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while it meets some standards, there are significant areas needing improvement. The overall score of 69% reflects concerns primarily in accountability and financial practices. The organization has a strong independent board composition, with 83% of members being independent, which is a positive aspect in governance.
However, Caravel Academy Inc falls short in several critical areas, such as lacking essential policies like conflict of interest and whistleblower protections. Additionally, the absence of a public posting of financial documents on its website raises transparency concerns. While the organization demonstrates a solid program expense ratio at nearly 96%, indicating a strong focus on its mission, the deficiencies in governance policies could impact stakeholder trust.
Overall, while Caravel Academy Inc shows promise with its financial management and independent oversight, the need for improved transparency and policy implementation is crucial for enhancing its accountability and overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Caravel Academy Inc legitimate?
Caravel Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caravel 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: $168,013
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,626,416
For more financial information, click here
Official website here: www.caravel.org/
What is the mission statement of Caravel Academy Inc?
Caravel Academy Inc., as a private college preparatory school, is committed to instilling values such as honesty, personal integrity, and good sportsmanship among its students. With a coeducational student body of approximately 1200 pupils, the school emphasizes its non-profit status and provides education for students from preschool to grade 12. The mission of Caravel Academy Inc. is to foster an environment that encourages the holistic growth of its students, promoting academic excellence and moral development.
Official website here: www.caravel.org/
Who is the CEO of Caravel Academy Inc?
Dorothy M Peoples is the President of Caravel Academy Inc.
Official website here: www.caravel.org/
What is the revenue of Caravel Academy Inc?
Caravel Academy Inc's revenue in 2022 was $10,540,566.
Official website here: www.caravel.org/
Who are the executives of Caravel Academy Inc and what are their salaries?
The average compensation at Caravel Academy Inc during 2022 was $20,919. There are 277 employees at Caravel Academy Inc.
Here are 7 key members and their salaries:
- Compensation: $104,333
- Related: $0
- Other: $0
- Compensation: $61,795
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.caravel.org/
Where can I find the form 990 for Caravel Academy Inc?
Caravel Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.caravel.org/
Learn more at the official website: www.caravel.org/
Mission Statement of Caravel Academy Inc
Caravel Academy, a distinguished private institution, is committed to instilling values of honesty, personal integrity, and good sportsmanship amongst its pupils. As a coeducational non-profit school, Caravel Academy serves around 1200 students, providing them with a comprehensive education that prepares them for higher learning. The school's mission is to foster an environment that nurtures these core values, encouraging its students to develop into well-rounded individuals. Caravel Academy seeks to shape the future leaders of society, imbuing them with a strong moral compass and a competitive spirit.
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Impact
October, 2024
Caravel Academy Inc plays a significant role in shaping the educational landscape in Bear, Delaware, by providing a private college preparatory education to approximately 1,200 students from pre-nursery through 12th grade. The academy prioritizes core values such as honesty, personal integrity, and good sportsmanship, fostering a supportive environment that encourages both academic excellence and character development.
By emphasizing a holistic approach to education, Caravel Academy not only prepares students for higher education but also instills lifelong values that contribute to their personal growth and social responsibility. This commitment to comprehensive education enhances the community by cultivating well-rounded individuals who are equipped to positively impact society.
The institution’s focus on character education alongside rigorous academics helps create a culture of respect and collaboration, preparing students to navigate the complexities of the modern world with integrity. As a result, Caravel Academy Inc significantly influences the educational paths and life opportunities of its students, enriching the local community through its dedication to academic and ethical standards.
This information is meant to be a general summary of Caravel 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.
- Investment Income: $5,766
- Program Service Revenue: $10,508,699
- Gross Receipts: $10,540,566
Assets and Liabilities:
- Total Assets: $14,425,391
- Total Liabilities: $1,706,687
- Net Assets: $12,718,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$238,979
STUDENT TRANSPORTATION
Revenue
$244,580
TECHNOLOGY FEE
Revenue
$191,780
TUITION
Revenue
$9,833,360
Organization Details
Founding Year
1979
Phone
(302) 834-8938Principal Officer
Dorothy M Peoples
Main Address
2801 DEL LAWS ROAD, BEAR, DE, 19701
Website
www.caravel.org/NTEE Category
Code: B200 - Education
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