Overview
What is Nova Classical Academy?
Nova Classical Academy is a nonprofit educational institution based in Saint Paul, Minnesota. With a supportive learning environment, the academy provides a classical, college-preparatory education to students from kindergarten through twelfth grade. Their mission is to foster intellectual growth, instill the habit of learning, and encourage virtuous living. The academy offers a rigorous and thorough education, aiming to challenge its students and help them reach their full potential. The organization employs a team of 155 individuals dedicated to this cause.
Official website here: www.novaclassical.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Nova Classical Academy has received a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. This rating is based entirely on a single beacon score focused on Accountability & Finance, with strengths in areas like independent board membership and financial oversight. The academy demonstrates strong performance in program expense ratio, showing that a significant proportion of its budget is directed towards its educational initiatives.
However, there are notable limitations that affect its overall score. The organization has a missing whistleblower policy and has not posted its tax form on its website, which detracts from its transparency. Additionally, the liabilities to assets ratio is quite high at 94.69%, which may raise concerns regarding financial stability.
Overall, while Nova Classical Academy shows commitment to proper governance with an independent board and solid financial oversight, it may need to address its policy gaps and improve financial ratios to enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Nova Classical Academy legitimate?
Nova Classical Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nova Classical 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: $770,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,798,920
For more financial information, click here
Official website here: www.novaclassical.org
What is the mission statement of Nova Classical Academy?
At Nova Classical Academy, the mission is to deliver a thorough and systematic classical education to students in kindergarten through twelfth grade. The institution fosters a nurturing environment where students are encouraged to develop intellectually and acquire the habits of learning and mastery. Through a challenging and college-preparatory program rooted in the classical tradition, Nova Classical Academy inspires its students to live virtuous lives grounded in duty and ideals. The curriculum provides a supportive foundation for students to reach their full potential and pursue higher education.
Official website here: www.novaclassical.org
Who is the CEO of Nova Classical Academy?
Brett Wedlund is the Executive Director of Nova Classical Academy.
Official website here: www.novaclassical.org
What is the revenue of Nova Classical Academy?
Nova Classical Academy's revenue in 2022 was $12,089,324.
Official website here: www.novaclassical.org
Who are the executives of Nova Classical Academy and what are their salaries?
The average compensation at Nova Classical Academy during 2022 was $35,931. There are 155 employees and 625 volunteers at Nova Classical Academy.
Here are 13 key members and their salaries:
- Compensation: $133,699
- Related: $0
- Other: $19,183
- Compensation: $110,675
- Related: $0
- Other: $10,237
- Compensation: $82,532
- Related: $0
- Other: $14,601
- Compensation: $81,981
- Related: $0
- Other: $14,583
- Compensation: $74,935
- Related: $0
- Other: $13,782
- Compensation: $51,304
- Related: $0
- Other: $11,880
- Compensation: $50,433
- Related: $0
- Other: $11,333
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.novaclassical.org
Where can I find the form 990 for Nova Classical Academy?
Nova Classical Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.novaclassical.org
Learn more at the official website: www.novaclassical.org
Mission Statement of Nova Classical Academy
Nova Classical Academy is a nonprofit institution that is dedicated to providing a comprehensive and challenging classical education to students in the K-12 age range. This academy offers an educational experience that is rigorous, thorough, systematic, and designed to help students develop intellectually and master essential skills.
In the nurturing environment of Nova Classical Academy, students receive a college-preparatory education that is grounded in the classical tradition. The institution challenges its students to not only acquire knowledge but also to cultivate the habits of learning and mastery. Beyond academic excellence, the academy encourages students to live virtuous lives guided by duty and ideals.
At Nova Classical Academy, students engage in a curriculum that is both rigorous and supportive. The education provided is designed to help students develop intellectually, master essential skills, and grow into well-rounded individuals. The academy's approach fosters a deep understanding of core concepts and encourages students to explore their interests and passions. Through this rigorous and engaging educational journey, students are prepared to thrive in higher education and beyond.
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Impact
October, 2024
Nova Classical Academy significantly impacts students by providing a rigorous and comprehensive classical education for K-12 learners. Located in Saint Paul, MN, the academy fosters a supportive community that encourages intellectual development and mastery of essential skills. Through its systematic and accelerated college-preparatory curriculum, Nova Classical Academy challenges students to cultivate their intellect while promoting the virtues of duty and strong ideals. This approach not only prepares students for academic success but also instills lifelong habits of learning, enabling them to thrive both in their educational pursuits and beyond.
This information is meant to be a general summary of Nova Classical 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: $4,792
- Program Service Revenue: $503,690
- Gross Receipts: $12,089,324
Assets and Liabilities:
- Total Assets: $8,567,440
- Total Liabilities: $11,145,009
- Net Assets: -$2,577,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Student Program Fees
Revenue
$405,834
Food Service
Revenue
$97,856
Organization Details
Founding Year
2001
Phone
(651) 209-6320Principal Officer
Brett Wedlund
Main Address
1455 Victoria Way, Saint Paul, MN, 55102
Website
www.novaclassical.orgNTEE Category
Code: B29 - Education
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