Overview
What is Merit College Preparatory Academy?
Merit College Preparatory Academy is a nonprofit organization situated in Springville, Utah, with a strong focus on educational development. Based at 1440 W Center St, this institution has a mission to empower its students, fostering their potential to become active, responsible members of society. Their primary program aims to deliver innovative and effective learning techniques, equipping students with the necessary skills for success in higher education and community leadership. With a team of 92 dedicated employees, Merit College Preparatory Academy is committed to preparing its students to reach their highest potential in all aspects of life.
What are the reviews and ratings of this charity?
Charity Navigator rating: 75%, Three-Star out of Four Star rating.
Merit College Preparatory Academy has received a respectable score of 75% from Charity Navigator, indicating a solid performance in accountability and finance. The organization has fully independent board members, achieving a perfect score in this category, which reflects commitment to governance and oversight. Additionally, they maintain a high program expense ratio of 98.16%, suggesting that a significant portion of their resources is directed towards their mission.
While the organization showcases strong practices in areas such as financial oversight and conflict of interest policies, it has faced challenges with its liabilities to assets ratio, scoring 0 out of 15 in that area. This indicates potential concerns regarding its financial leverage and overall financial health. Nevertheless, the absence of material diversion of assets and the presence of essential governance policies highlight its dedication to transparency and ethical management.
Overall, Merit College Preparatory Academy demonstrates a commitment to accountability with strong financial management practices, though there is room for improvement in their financial stability metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Merit College Preparatory Academy legitimate?
Merit College Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merit College Preparatory 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: $78,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,206,960
For more financial information, click here
What is the mission statement of Merit College Preparatory Academy?
Merit College Preparatory Academy's mission is centered around empowering all its students to reach their full potential as contributing members of society. This is achieved by nurturing the necessary knowledge and skills required for academic excellence in higher education. Additionally, the academy focuses on developing essential skills for community leadership and social commitment. Their primary program aims to educate students effectively and innovatively, preparing them for their future after school.
Who is the CEO of Merit College Preparatory Academy?
Mike Condie Amanda Kuhn is the Principal Officer of Merit College Preparatory Academy.
What is the revenue of Merit College Preparatory Academy?
Merit College Preparatory Academy's revenue in 2022 was $5,333,251.
Who are the executives of Merit College Preparatory Academy and what are their salaries?
The average compensation at Merit College Preparatory Academy during 2022 was $24,846. There are 92 employees and 11 volunteers at Merit College Preparatory Academy.
Here are 8 key members and their salaries:
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- Compensation: $77,588
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- Other: $2,500
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Where can I find the form 990 for Merit College Preparatory Academy?
Merit College Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Merit College Preparatory Academy
Merit College Preparatory Academy, a nonprofit organization, is committed to helping all its students reach their full potential as contributing members of society. To achieve this goal, Merit emphasizes the development of both academic knowledge and skills required for success in higher education. Additionally, the academy focuses on fostering the abilities necessary for community leadership and social engagement. By providing innovative and effective learning experiences, Merit College Preparatory Academy aims to prepare its students for life beyond their school days, setting them up for a fulfilling future.
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Impact
October, 2024
Merit College Preparatory Academy significantly impacts the community by equipping students with the knowledge and skills necessary to excel in higher education and become active, engaged citizens. By focusing on innovative and effective learning methods, the academy not only prepares students academically but also fosters leadership qualities and a sense of social responsibility. This holistic approach ensures that students are ready to navigate life after school and contribute positively to society. The emphasis on achieving their highest potential empowers students to take on various roles within their communities, enhancing both individual lives and the broader social fabric. Through its mission, Merit College Preparatory Academy is shaping future leaders who are committed to making meaningful contributions to their communities.
This information is meant to be a general summary of Merit College Preparatory 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: $7,042
- Program Service Revenue: $260,667
- Gross Receipts: $5,333,251
Assets and Liabilities:
- Total Assets: $13,301,648
- Total Liabilities: $13,198,022
- Net Assets: $103,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELEMENTARY AND SECONDA
Revenue
$260,667
Organization Details
Founding Year
2009
Phone
(801) 491-7600Principal Officer
Mike Condie Amanda Kuhn
Main Address
1440 W CENTER ST, SPRINGVILLE, UT, 84663
NTEE Category
Code: B29 - Education
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