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Ivy Academy Inc

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

EIN: 261533313 ✦ Soddy daisy, TN ✦ Designated as a 501(c)(3)

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Overview

What is Ivy Academy Inc?

Ivy Academy Inc is a publicly funded educational institution situated in Soddy Daisy, Tennessee. Its primary focus is to deliver a top-notch educational experience to students in grades 6-12, emphasizing academic excellence, environmental awareness, and community involvement. The school's mission is to equip students with the necessary skills to make a positive impact on society and the environment. Ivy Academy Inc promotes environmental stewardship and volunteerism as essential components of its curriculum, fostering responsible citizenship and a deep appreciation for the environment.


Official website here: www.ivyacademychattanooga.com

What are the reviews and ratings of this charity?

Charity Navigator rating: 84%, Three-Star out of Four Star rating.

Ivy Academy Inc has received an 84% rating from Charity Navigator, which indicates a solid performance in terms of accountability and finance. The organization’s score reflects a strong emphasis on financial oversight and transparency, as evidenced by its perfect scores in categories such as independent board members, financial statements, and conflict of interest policies. These strengths suggest that the organization is well-managed and committed to maintaining high standards of governance.

However, the rating also highlights an area of concern regarding the liabilities to assets ratio, which stands at 66.66%. This ratio indicates a potential risk in terms of financial stability, as it suggests that a significant portion of the organization’s assets are encumbered by liabilities. While the program expense ratio is commendable at 89.56%, indicating that a large majority of expenditures are directed towards its programs, the overall financial health could benefit from closer scrutiny to ensure sustainability.

Overall, Ivy Academy Inc demonstrates strong accountability practices and efficient use of funds towards its mission. Despite its high program expense ratio and governance strengths, stakeholders may want to consider the implications of its liabilities when evaluating the organization's long-term viability.


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

Is Ivy Academy Inc legitimate?

Ivy Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivy 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: $87,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ivyacademychattanooga.com

What is the mission statement of Ivy Academy Inc?

Ivy Academy Inc's mission is centered around providing a comprehensive educational program with a strong emphasis on scholarship, environmental stewardship, and volunteerism. This mission aims to prepare all students for a future where they can positively impact society and the environment. The school's objective is to equip these students with the necessary skills and values, fostering their ability to make a meaningful contribution to the world.


Official website here: www.ivyacademychattanooga.com

Who is the CEO of Ivy Academy Inc?

Holly Slater is the President of Ivy Academy Inc.


Official website here: www.ivyacademychattanooga.com

What is the revenue of Ivy Academy Inc?

Ivy Academy Inc's revenue in 2022 was $5,138,549.


Official website here: www.ivyacademychattanooga.com

Who are the executives of Ivy Academy Inc and what are their salaries?

The average compensation at Ivy Academy Inc during 2022 was $936. There are 94 employees and 100 volunteers at Ivy Academy Inc.


Here are 14 key members and their salaries:


Dr Darrell Meece (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Patti Skates (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Brown (Interim Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ethan Miller (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Webb (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Basham (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Prichard (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nilca Billow (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Regina Block (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Dawn Ford (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Golden (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Jones (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Nunley (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Slater (Executive Director)
  • Compensation: $84,163
  • Related: $0
  • Other: $0


Official website here: www.ivyacademychattanooga.com

Where can I find the form 990 for Ivy Academy Inc?

Ivy Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ivyacademychattanooga.com

Learn more at the official website: www.ivyacademychattanooga.com

Mission Statement of Ivy Academy Inc

Ivy Academy, a distinguished institution, is dedicated to providing a top-notch educational program that emphasizes scholarship, environmental stewardship, and volunteerism. This mission is designed to prepare its students, spanning grades 6 to 12, to make a positive impact on society and the environment. By instilling these values, Ivy Academy aims to foster individuals who will contribute positively to their communities and the natural world. The school's approach is holistic, nurturing not just academic prowess but also a sense of responsibility towards the environment and the desire to contribute to societal betterment.

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Impact




October, 2024

Ivy Academy Inc plays a transformative role in the educational landscape by offering a comprehensive program for students in grades 6-12 that emphasizes scholarship, environmental stewardship, and volunteerism. Its commitment to quality education equips students with the knowledge and skills necessary to make meaningful contributions to both society and the environment.

The academy fosters a unique learning environment where students are encouraged to embrace their roles as informed citizens. By integrating environmental stewardship into the curriculum, Ivy Academy cultivates a generation that is aware of sustainability issues and motivated to engage in practices that benefit the planet. Volunteerism further enhances this by instilling a sense of community, responsibility, and active participation in social issues, empowering students to make a positive impact in their communities.

Overall, Ivy Academy Inc not only focuses on academic achievement but also prepares students to be proactive, compassionate leaders who can address the challenges of both society and nature effectively. In doing so, it fosters a culture of engaged citizenship that extends beyond the classroom and into the world.




This information is meant to be a general summary of Ivy 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.

Revenue
$5,138,549 (2022)
Expenses
$4,905,645 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$2,021
  • Program Service Revenue: $5,024,498
  • Gross Receipts: $5,138,549

Assets and Liabilities:

  • Total Assets: $8,715,210
  • Total Liabilities: $6,550,113
  • Net Assets: $2,165,097

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Programs

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

COUNTY PER PUPIL INCOM

Revenue

$4,189,893

FEDERAL & STATE OPERAT

Revenue

$616,488

STATE BEP AND OTHER GR

Revenue

$111,246

STUDENT ACTIVITIES

Revenue

$64,395

FOOD PROGRAM

Revenue

$2,723

Organization Details

Founding Year

2007

Principal Officer

Holly Slater

Main Address

8520 DAYTON PIKE, SODDY DAISY, TN, 37379

NTEE Category

Code: B29 - Education

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