Overview
What is Esperanza Academy Charter School?
Esperanza Academy Charter School is a non-profit educational institution located in Philadelphia, Pennsylvania, founded by the Hispanic Clergy of Philadelphia in 1987 as Nueva Esperanza, Inc. (NEI). The school's mission is to create quality education delivery systems and facilities to uplift the economic and social status of the Hispanic community. Esperanza Academy caters to students from grades one through twelve and operates under the provisions of the Commonwealth of Pennsylvania. NEI received a charter in September 2000 and presently operates under a contract that expires in June 2019. The institution has a workforce of around 335 employees and is financially accountable for managing students' education. It receives funding from various local, state, and federal sources and must adhere to the regulations set by these funding entities.
Official website here: www.esperanzaacademycs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Esperanza Academy Charter School has received an overall score of 81%, indicating a solid performance in terms of accountability and finance. The rating is derived entirely from their Accountability & Finance score, where they excelled in areas such as independent board membership and financial oversight, reflecting strong governance practices.
The organization boasts a fully independent board with 12 members, which enhances its accountability. Its financial practices are also commendable, as demonstrated by a high program expense ratio of 88.25%, underscoring a strong focus on its educational mission. Additionally, they have established robust policies for conflict of interest, whistleblower protection, and document retention.
While the financial management appears sound, it is worth noting the salary of key personnel, which may raise questions about compensation in relation to overall funding. Nevertheless, the transparency shown in their financial statements and adherence to best practices positions Esperanza Academy positively in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Esperanza Academy Charter School legitimate?
Esperanza Academy Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Esperanza Academy Charter School 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: $277,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,949,084
For more financial information, click here
Official website here: www.esperanzaacademycs.org
What is the mission statement of Esperanza Academy Charter School?
The Hispanic clergy founded Esperanza Academy Charter School under the name of Nueva Esperanza, Inc. (NEI), in 1987, with a mission to uplift the economic and social lives of the Hispanic community through quality education. NEI, based in Philadelphia, has been dedicated to creating opportunities for Hispanic children and families for over three decades. In pursuit of this mission, Esperanza Academy Charter School was established, providing education from grades one through twelve. The charter school operates under Pennsylvania legislation enacted in 1997 and began functioning in September 2000. Esperanza Academy Charter School continues NEI's efforts to enhance the community by delivering top-notch education systems and facilities.
Official website here: www.esperanzaacademycs.org
Who is the CEO of Esperanza Academy Charter School?
Artemio Rodriguez is the Ex-Officio of Esperanza Academy Charter School. The CEO's salary of Esperanza Academy Charter School is $189,881 and their total compensation is $271,456.
Official website here: www.esperanzaacademycs.org
What is the revenue of Esperanza Academy Charter School?
Esperanza Academy Charter School's revenue in 2022 was $31,153,040.
Official website here: www.esperanzaacademycs.org
Who are the executives of Esperanza Academy Charter School and what are their salaries?
The average compensation at Esperanza Academy Charter School during 2022 was $42,467. There are 335 employees and 12 volunteers at Esperanza Academy Charter School.
Here are 19 key members and their salaries (Esperanza Academy Charter School's CEO's salary is $189,881 and their total compensation is $271,456):
- Compensation: $0
- Related: $344,391
- Other: $77,709
- Compensation: $189,881
- Related: $0
- Other: $81,575
- Compensation: $123,484
- Related: $0
- Other: $58,485
- Compensation: $108,769
- Related: $0
- Other: $62,788
- Compensation: $108,111
- Related: $0
- Other: $54,806
- Compensation: $107,797
- Related: $0
- Other: $52,715
- Compensation: $100,495
- Related: $0
- Other: $51,838
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- Other: $0
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- Other: $0
Official website here: www.esperanzaacademycs.org
Where can I find the form 990 for Esperanza Academy Charter School?
Esperanza Academy Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.esperanzaacademycs.org
Learn more at the official website: www.esperanzaacademycs.org
Mission Statement of Esperanza Academy Charter School
Esperanza Academy Charter School, founded in 1987 as part of Nueva Esperanza, Inc. (NEI), is a non-profit organization with a mission to enhance the economic and social lives of the Hispanic community through quality education. For over three decades, NEI has focused on creating opportunities for Hispanic children and families in Philadelphia. The establishment of Esperanza Academy Charter School is a testament to this commitment.
Capitalizing on its history of providing support to the Hispanic community, Esperanza Academy Charter School was founded to deliver quality education to improve the lives of Hispanic children and families. This educational institution, which serves students from grades one through twelve, was established under the provisions enacted by the General Assembly of the Commonwealth of Pennsylvania in 1997. In September 2000, NEI received a charter for the opening of Esperanza Academy Charter School and has been operating successfully since then.
The school's mission is deeply rooted in the belief that quality education is the key to unlocking opportunities for the Hispanic community. By providing an excellent educational experience, Esperanza Academy Charter School aims to set the foundation for the future success of its students. The school is dedicated to fostering a nurturing environment that supports the growth and development of each student, enabling them to reach their full potential and contribute positively to their community.
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Impact
October, 2024
Esperanza Academy Charter School significantly impacts the Hispanic community in Philadelphia by providing a high-quality educational environment that fosters academic achievement and social development. Established in 2000, it focuses on serving students from grades one and six through twelve, specifically targeting the needs of Hispanic children and families in the Hunting Park area.
Through its intentional efforts, the school aims to raise the economic and social levels of its community by equipping students with the necessary skills and knowledge to succeed. The educational delivery systems and facilities created by Esperanza Academy contribute to a supportive learning atmosphere that enhances student outcomes. By prioritizing quality education, the school plays a crucial role in creating opportunities for its students, empowering them to break cycles of poverty, and inspiring future generations to reach their full potential.
In addition to academic instruction, the school emphasizes the importance of community support, fostering strong relationships among students, families, and educators. This holistic approach to education not only enriches the lives of students but also strengthens the overall fabric of the Hispanic community in Philadelphia.
This information is meant to be a general summary of Esperanza Academy Charter School. 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: $11,689
- Program Service Revenue: $23,883,992
- Gross Receipts: $31,153,040
Assets and Liabilities:
- Total Assets: $130,978,216
- Total Liabilities: $141,200,277
- Net Assets: -$10,222,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL REVENUE
Revenue
$23,770,689
FOOD SERVICES
Revenue
$108,246
BOOKSTORE SALES
Revenue
$5,057
Organization Details
Founding Year
2000
Phone
(215) 324-0746Principal Officer
Artemio Rodriguez
Main Address
4261 North 5th Street, Philadelphia, PA, 19140
Website
www.esperanzaacademycs.orgNTEE Category
Code: B29 - Education
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