Overview
What is Foundation Academy Incorporated?
Foundation Academy Incorporated is a nonprofit organization situated in Mansfield, Ohio, specifically at 1050 Wyandotte Ave. Their primary mission is to offer educational choices to students and their families in the local community. The organization primarily focuses on providing instructional services to students in grades K-8. For the 2021-2022 school year, they have allocated resources towards instructional materials and other related expenses. According to their Articles of Incorporation, they were established to operate a charter school within the state of Ohio, benefiting the community's children. They are structured under the guidelines of IRC 501c3.
Official website here: www.foundationacad.org
What are the reviews and ratings of this charity?
Foundation Academy Incorporated has received a Four-Star out of Four Star rating from Charity Navigator with a score of 91%. This rating is attributed entirely to the charity's Accountability & Finance metrics, which showcased a high degree of independence in its board members and strong financial oversight practices. The organization boasts perfect scores in areas like financial statements and absence of asset diversion, indicating a well-managed and transparent financial operation.
The foundation's strengths lie in its solid governance structure and commitment to accountability, with an independent board and comprehensive policies in place to guide its operations. Metrics such as a 100% program expense ratio and exceptionally low fundraising efficiency indicate that the organization effectively channels its resources towards fulfilling its mission rather than incurring high fundraising costs.
However, there are areas where the organization could improve its performance metrics, including a necessary focus on its impact measurements and community engagement, which are not currently scored. While detailed reviews from users at GreatNonprofits were not available, the solid financial standing and governance practices suggest a reliable and trustworthy organization.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Academy Incorporated legitimate?
Foundation Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Academy Incorporated 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,139,591
For more financial information, click here
Official website here: www.foundationacad.org
What is the mission statement of Foundation Academy Incorporated?
Foundation Academy Incorporated was established with the purpose of setting up and managing a charter school in compliance with Ohio law. Their primary objective, as stated in their Articles of Incorporation, is to offer educational opportunities to students and their families in grades K-8. The organization is also permitted to engage in additional activities that are consistent with the guidelines of IRC 501c3, which pertains to non-profit organizations. In essence, Foundation Academy Incorporated is dedicated to providing a charter school education to the community's children while adhering to relevant legal and non-profit standards.
Official website here: www.foundationacad.org
Who is the CEO of Foundation Academy Incorporated?
C David Massa is the Board Member of Foundation Academy Incorporated.
Official website here: www.foundationacad.org
What is the revenue of Foundation Academy Incorporated?
Foundation Academy Incorporated's revenue in 2022 was $7,179,260.
Official website here: www.foundationacad.org
Who are the executives of Foundation Academy Incorporated and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,125
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $125
- Related: $0
- Other: $0
Official website here: www.foundationacad.org
Where can I find the form 990 for Foundation Academy Incorporated?
Foundation Academy Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationacad.org
Learn more at the official website: www.foundationacad.org
Mission Statement of Foundation Academy Incorporated
Foundation Academy Incorporated, as per its Articles of Incorporation, was established with the primary objective of providing educational opportunities to students and their families within the community. The organization primarily focuses on offering instructional services to students enrolled in grades K-8. Beyond this, the corporation is authorized to engage in any activities that further support its main purpose, adhering to the guidelines set out in Chapter 1702 of the Ohio Revised Code, and operating under the tax-exempt status of IRC 501c3. In essence, Foundation Academy Incorporated is committed to fostering an educational environment that benefits the local community, ensuring that children in the K-8 grade range have access to quality instructional services.
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Impact
October, 2024
Foundation Academy Incorporated significantly enhances educational opportunities for students and families in the Mansfield, Ohio community by providing tailored instructional services for grades K-8. The organization focuses on fostering educational choice, empowering families to select a learning environment that best suits their children's needs.
Through the establishment of a charter school, Foundation Academy creates a supportive and enriching educational atmosphere aimed at promoting academic success. The provision of instructional materials and resources plays a crucial role in facilitating effective learning experiences. By prioritizing accessible education, Foundation Academy positively impacts students' educational outcomes, contributing to the overall growth and development of the community.
Moreover, the organization aligns its mission with community needs, responding to the demand for diverse educational options. By doing so, it not only addresses the academic requirements of its students but also instills a sense of belonging and personalized education within the community, fostering a collaborative environment for students, families, and educators alike.
This information is meant to be a general summary of Foundation Academy Incorporated. 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.
- Gross Receipts: $7,179,260
Assets and Liabilities:
- Total Assets: $10,358,646
- Total Liabilities: $4,852,218
- Net Assets: $5,506,428
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Organization Details
Founding Year
2007
Phone
(419) 526-9540Principal Officer
C David Massa
Main Address
1050 Wyandotte Ave, Mansfield, OH, 44906
Website
www.foundationacad.orgNTEE Category
Code: B29 - Education
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