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Palm Bay Education Group Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261413851 ✦ Panama city, FL ✦ Designated as a 501(c)(3)

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Overview

What is Palm Bay Education Group Inc?

Palm Bay Education Group Inc, located in Panama City, Florida, is a nonprofit organization that stands out by offering a distinctive educational environment. Their mission is to operate three public charter schools within Florida, leveraging advanced technology and innovative educational methods to foster high academic achievement. With a dedicated workforce of 145 individuals, Palm Bay Education Group Inc is committed to providing a nurturing and intellectually stimulating learning environment for its students.


Official website here: www.palmbayprep.org/

What are the reviews and ratings of this charity?

**: Charity Navigator Rating 96% (Four-Star out of Four Stars )**ar rating)**

Palm Bay Education Group Inc. has achieved an impressive Four-Star rating on Charity Navigator, demonstrating strong accountability and financial health. The rating reflects excellent governance practices, as indicated by a fully independent board and no material diversions of assets. The organization shines in fiscal management, allocating about 92% of its expenditures to programs, ensuring that most funds directly support its mission.

Strengths also include comprehensive oversight, with published financial statements and well-documented policies on conflicts of interest and document retention. While there is noted room for improvement in their whistleblower policy, the organization demonstrates a high level of financial transparency and stability, suggesting a commitment to ethical management.

Unfortunately, user reviews from GreatNonprofits were not available at this time, which limits the insight into public perception and individual experiences with the organization. However, the financial indicators and accountability metrics position Palm Bay Education Group Inc. as a reliable nonprofit focused on educational initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is Palm Bay Education Group Inc legitimate?

Palm Bay Education Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Bay Education Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.palmbayprep.org/

What is the mission statement of Palm Bay Education Group Inc?

Palm Bay Education Group Inc's mission is centered around operating three public charter schools in the state of Florida. The organization strives to provide an exceptional learning environment by incorporating advanced technology and innovative educational methods. This approach is designed to foster high academic achievement, ultimately aiming to elevate the educational experience for its students.


Official website here: www.palmbayprep.org/

Who is the CEO of Palm Bay Education Group Inc?

Ron Danzey is the Chairman of Palm Bay Education Group Inc.


Official website here: www.palmbayprep.org/

What is the revenue of Palm Bay Education Group Inc?

Palm Bay Education Group Inc's revenue in 2023 was $7,283,157.


Official website here: www.palmbayprep.org/

Who are the executives of Palm Bay Education Group Inc and what are their salaries?

There are 145 employees and 10 volunteers at Palm Bay Education Group Inc.


Here are 7 key members and their salaries:


Derek Mcdavid (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Bunce (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Hanson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracey Adcock (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Danzey (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Phillips (Principal)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Knapp (Principal)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.palmbayprep.org/

Where can I find the form 990 for Palm Bay Education Group Inc?

Palm Bay Education Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.palmbayprep.org/

Learn more at the official website: www.palmbayprep.org/

Mission Statement of Palm Bay Education Group Inc

Palm Bay Education Group Inc, a nonprofit organization, is dedicated to operating three public charter schools in the state of Florida. Their mission is to provide an exceptional learning environment that fosters high academic achievement. They achieve this by employing state-of-the-art technology and innovative educational methods. This approach aims to engage students and promote learning in a unique and effective manner.

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Impact




October, 2024

Palm Bay Education Group Inc plays a significant role in the educational landscape of Florida by operating three public charter schools in Panama City. Its unique approach to education emphasizes high academic achievement through the integration of state-of-the-art technology and innovative educational methods. This initiative not only enhances the learning experience for students but also aims to foster an environment where academic excellence is the norm. By providing a distinctive school environment, Palm Bay Education Group Inc contributes to the overall improvement of educational outcomes in the region, preparing students for future success.




This information is meant to be a general summary of Palm Bay Education Group 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.

Revenue
$7,283,157 (2023)
Expenses
$7,969,627 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $6,220,075
  • Gross Receipts: $7,283,157

Assets and Liabilities:

  • Total Assets: $22,922,080
  • Total Liabilities: $10,618,558
  • Net Assets: $12,303,522

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FTE-PER STUDENT FUNDING

Revenue

$4,875,167

FEDERAL FUNDS

Revenue

$1,203,681

AFTERCARE

Revenue

$112,833

STUDENT LUNCHES

Revenue

$28,394

Organization Details

Founding Year

2007

Principal Officer

Ron Danzey

Main Address

1104 BALBOA AVE, PANAMA CITY, FL, 32401

NTEE Category

Code: B99 - Education

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