Overview
What is Freedom Preparatory Academy Inc?
Freedom Preparatory Academy Inc, situated in Memphis, Tennessee (38109, Jonetta Street), is a nonprofit organization dedicated to college preparation for students in grades K-12. Their mission is to provide a structured and academically challenging environment that helps students master core subjects, develop advanced academic skills, and engage in character-building extracurricular activities and sports. Freedom Prep Academy aims to ensure every student embarks on a clear and strategic path to college success. With a team of 292 employees, this institution is committed to preparing students for higher education and life beyond.
Official website here: www.freedomprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Freedom Preparatory Academy Inc has received a commendable rating of 89%, indicating a solid performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members being independent, which speaks to its governance strength. Additionally, it has achieved full points in key areas such as its financial statements audit and the absence of material diversion of assets.
The organization has performed well in culture and community, scoring 87%, which highlights its commitment to fostering a positive environment. Its financial health is further evidenced by a liabilities to assets ratio of 48.41%, suggesting prudent financial management. However, the program expense ratio stands at 64.37%, indicating potential room for improvement in how much of its funding goes directly into programs versus administrative costs.
Overall, while Freedom Preparatory Academy Inc demonstrates strong governance and financial stability, stakeholders may want to see further efficiencies in program spending to maximize impact. The organization's commitment to transparency and ethical governance is a notable strength that enhances its credibility within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Freedom Preparatory Academy Inc legitimate?
Freedom Preparatory Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedom Preparatory 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: $837,678
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,073,636
For more financial information, click here
Official website here: www.freedomprep.org
What is the mission statement of Freedom Preparatory Academy Inc?
Freedom Preparatory Academy Inc is dedicated to preparing students in grades K-12 for college and future success. The organization offers a clear, strategic path to higher education for every student. This mission is achieved through a structured and academically challenging environment, where students master core subjects and develop advanced academic skills. Extracurricular activities and sports are also integral parts of the program, fostering character development. The school's core values are demonstrated throughout the academy.
Official website here: www.freedomprep.org
Who is the CEO of Freedom Preparatory Academy Inc?
Anika Baltimore is the Member of Freedom Preparatory Academy Inc. The CEO's salary of Freedom Preparatory Academy Inc is $214,546 and their total compensation is $233,405.
Official website here: www.freedomprep.org
What is the revenue of Freedom Preparatory Academy Inc?
Freedom Preparatory Academy Inc's revenue in 2022 was $33,295,008.
Official website here: www.freedomprep.org
Who are the executives of Freedom Preparatory Academy Inc and what are their salaries?
The average compensation at Freedom Preparatory Academy Inc during 2022 was $51,066. There are 292 employees and 225 volunteers at Freedom Preparatory Academy Inc.
Here are 19 key members and their salaries (Freedom Preparatory Academy Inc's CEO's salary is $214,546 and their total compensation is $233,405):
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- Compensation: $214,546
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- Compensation: $101,656
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- Other: $15,753
Official website here: www.freedomprep.org
Where can I find the form 990 for Freedom Preparatory Academy Inc?
Freedom Preparatory Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.freedomprep.org
Learn more at the official website: www.freedomprep.org
Mission Statement of Freedom Preparatory Academy Inc
Freedom Preparatory Academy Inc, a nonprofit organization, is dedicated to helping students in grades K-12 achieve excellence in college and in life. This educational institution takes a strategic and direct approach to college preparation, ensuring every student who walks through its doors has a clear path to higher education.
In order to accomplish this mission, Freedom Preparatory Academy creates an academically challenging environment that focuses on mastering core subjects and developing advanced academic skills. Students are encouraged to participate in character-building extracurricular activities and sports. The organization's core values are demonstrated throughout the school day, fostering a strong sense of discipline and commitment.
At Freedom Preparatory Academy, learning is a priority. The curriculum is structured to provide students with a strong foundation in essential subjects. Teachers and staff work closely with students to help them develop the necessary skills to succeed in their academic pursuits. The academic rigor of the school prepares students for the demands of college and beyond.
Furthermore, Freedom Preparatory Academy offers various opportunities for students to expand their horizons and explore their interests. Extracurricular activities and sports provide an avenue for students to develop essential life skills, such as teamwork, leadership, and time management. By participating in these programs, students enhance their academic experience and build lasting friendships.
In summary, Freedom Preparatory Academy is committed to preparing students for college and life. Through a structured, academically challenging environment, students are provided with the necessary tools and resources to achieve their full potential. The organization's focus on character development and commitment to academic excellence equips students with the skills they need to excel in their future endeavors.
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Impact
October, 2024
Freedom Preparatory Academy Inc significantly impacts the educational landscape by providing a structured and academically rigorous environment for students in grades K-12. Its mission centers on preparing students for success in college and beyond, emphasizing a clear and strategic path to higher education for all attendees.
The academy fosters mastery of core subjects while encouraging the development of advanced academic skills. Through its focus on character-building extracurricular activities, sports, and the promotion of core values, Freedom Prep not only enhances academic performance but also nurtures well-rounded individuals.
Located in Memphis, TN, the academy supports students in building a strong foundation for their future, instilling in them the tools necessary to excel in both their personal and academic pursuits. The holistic approach taken by Freedom Preparatory Academy Inc positions it as a significant contributor to the educational success of its community.
This information is meant to be a general summary of Freedom Preparatory 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.
- Program Service Revenue: $25,983,649
- Gross Receipts: $33,295,008
Assets and Liabilities:
- Total Assets: $50,857,494
- Total Liabilities: $32,843,319
- Net Assets: $18,014,175
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PER PUPIL ALLOCATION
Revenue
$19,826,993
MISCELLANEOUS SCHOOL-RELATED REVE
Revenue
$6,156,656
Organization Details
Founding Year
2008
Phone
(901) 828-4590Principal Officer
Anika Baltimore
Main Address
5132 JONETTA STREET, MEMPHIS, TN, 38109
Website
www.freedomprep.orgNTEE Category
Code: B24 - Education
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