Overview
What is Paramount Schools Of Excellence?
Paramount Schools of Excellence is a nonprofit organization based in Indianapolis, Indiana, with an address at 3020 Nowland Ave. They operate four campuses that cater to K-8 grade students in an innovative learning environment, instilling high expectations for success. Established in 2010, Paramount Schools of Excellence emphasizes rigorous academics, technology, and their environment. With authorization from the Mayor's Office of Education Innovation, they serve approximately 1,400 students, 79% of whom come from households below the poverty line. Paramount addresses challenges such as lack of social and school readiness, language barriers, underperforming academic achievement levels, and low parental involvement to help students reach their full potential. Their mission is to inspire learning through an unparalleled academic approach and transform communities by changing lives. Paramount consistently ranks among the top charter schools in Indiana, as shown by their high performance in state testing and recognition as an "A" school and 2018 US Blue Ribbon School.
Official website here: www.paramountindy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Paramount Schools Of Excellence has received an overall score of 86%, reflecting a strong focus on accountability and finance. The organization excels in having a majority of independent board members and demonstrates good financial oversight, earning full points in areas such as the audit and oversight committee and material diversion of assets. This rating indicates a solid foundation in governance practices.
While the nonprofit shows commendable strengths, there are notable limitations. It has not implemented a whistleblower policy or a document retention and destruction policy, which are important for organizational transparency and accountability. Additionally, the absence of the tax form on the nonprofit's website could detract from its overall accessibility for stakeholders.
Despite these shortcomings, the organization maintains a high program expense ratio of 80.04%, indicating a significant commitment to its mission. Overall, Paramount Schools Of Excellence demonstrates responsible financial management and governance but could benefit from addressing its policy gaps.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Paramount Schools Of Excellence?
84% of 58 reviewers on Facebook recommend Paramount Schools of Excellence. Here is a summary of their reviews:
Several parents express concerns about the school's approach and environment, particularly highlighting issues with staff interactions. One reviewer described the vice principal as excessively rude to students, which left a poor impression during their visit. Additionally, many feel that the school prioritizes reading and math to an extent that limits exposure to other subjects and extracurricular activities, causing dissatisfaction among some families.
Despite the criticisms, there is a sentiment that the school has potential and may be suitable for some students who thrive in a more focused academic setting. However, experiences vary, and certain parents feel it may not meet the needs of all learners, particularly those looking for a more well-rounded education.
This AI summary has been generated from reviews found on Facebook.
Is Paramount Schools Of Excellence legitimate?
Paramount Schools Of Excellence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Schools Of Excellence 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: $245,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,232,491
For more financial information, click here
Official website here: www.paramountindy.org
What is the mission statement of Paramount Schools Of Excellence?
Paramount Schools of Excellence is dedicated to inspiring learning and transforming communities by delivering an unparalleled academic approach. Established in 2010, the organization focuses on rigorous academics, technology, and creating an innovative learning environment for K-8 students, despite challenges such as poverty and limited school readiness. With a mission to remove obstacles to educational attainment, Paramount Schools of Excellence serves over 1,400 students, 79% of whom come from low-income households. Their emphasis on high expectations and success has led to consistent state testing rankings among the top charter schools in Indiana, with Paramount Community Heights being the top-performing school and Paramount Brookside the fourth highest within the designated boundaries. The organization has also been recognized for closing the achievement gap irrespective of family income and for promising practices in accessibility in STEM education.
Official website here: www.paramountindy.org
Who is the CEO of Paramount Schools Of Excellence?
Thomas Reddicks is the Executive Director of Paramount Schools Of Excellence.
Official website here: www.paramountindy.org
What is the revenue of Paramount Schools Of Excellence?
Paramount Schools Of Excellence's revenue in 2022 was $23,881,442.
Official website here: www.paramountindy.org
Who are the executives of Paramount Schools Of Excellence and what are their salaries?
The average compensation at Paramount Schools Of Excellence during 2022 was $31,169. There are 272 employees and 9 volunteers at Paramount Schools Of Excellence.
Here are 14 key members and their salaries:
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- Compensation: $120,760
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- Other: $10,398
Official website here: www.paramountindy.org
Where can I find the form 990 for Paramount Schools Of Excellence?
Paramount Schools Of Excellence's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paramountindy.org
Learn more at the official website: www.paramountindy.org
Mission Statement of Paramount Schools Of Excellence
Paramount Schools of Excellence, a dynamic educational institution, is committed to inspiring learning through an unparalleled academic approach. With a mission to transform communities by changing lives, this organization goes above and beyond to provide an innovative learning environment for K-8 grade students. Established in 2010, Paramount has served over 1,400 students, mostly from households at or below the poverty level. Recognized by the Mayor's Office of Education Innovation as free public charter schools, Paramount's campuses are dedicated to removing obstacles that hinder educational attainment.
The educational framework at Paramount is focused on rigorous academics, technology, and a stimulating environment. This approach has proven successful, as evidenced by Paramount's consistent ranking among the top charter schools in Indiana. In the 2019 Indiana ILEARN Academic Assessment, Paramount Community Heights was named the top-performing school within the IPS boundaries, and Paramount Brookside ranked fourth highest. Furthermore, Paramount Brookside has been designated an "A" school by the Indiana Department of Education and a 2018 U.S. Blue Ribbon School. The Education Equality Index acknowledged Paramount for closing the achievement gap regardless of a family's income. Additionally, the Indiana Department of Education included Paramount among the 200 promising practices for accessibility in STEM education.
Paramount's staff is hardworking and dedicated to ensuring that each student reaches their full potential. With a strong emphasis on academic rigor, technology integration, and a nurturing environment, Paramount creates an atmosphere where students can thrive. Despite the challenges faced by many of its students, such as lack of social and school readiness, language barriers, underperforming academic achievement levels, and low parental involvement, Paramount Schools of Excellence continues to inspire learning and change lives.
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Impact
August, 2024
Paramount Schools Of Excellence's impact can be clearly seen through the success of its four campuses in educating K-8 grade students in an innovative environment with high expectations for success. Established in 2010, Paramount has consistently ranked among the top charter schools in Indiana according to state testing. In 2019, Paramount Community Heights was recognized as the top-performing school within Indianapolis Public Schools' boundaries, while Paramount Brookside achieved the designation of an Indiana "A" school and a 2018 U.S. Blue Ribbon School.
Furthermore, Paramount Schools Of Excellence has been acknowledged for closing the achievement gap regardless of a family's income. The school's commitment to accessibility in STEM education has also been recognized by the Indiana Department of Education, which included Paramount among the 200 promising practices in this area.
Through its rigorous academic programs, emphasis on technology, and dedication to creating a supportive environment, Paramount Schools Of Excellence is making a significant impact on its students and the community, inspiring learning and transforming lives.
This information is meant to be a general summary of Paramount Schools Of Excellence. 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: $2,139
- Program Service Revenue: $75
- Gross Receipts: $24,417,279
Assets and Liabilities:
- Total Assets: $32,624,860
- Total Liabilities: $16,608,069
- Net Assets: $16,016,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$75
Organization Details
Founding Year
2009
Phone
(317) 775-6660Principal Officer
Thomas Reddicks
Main Address
3020 NOWLAND AVE, INDIANAPOLIS, IN, 46201
Website
www.paramountindy.orgNTEE Category
Code: B29 - Education
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