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Academy Of Excellence

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

EIN: 264247873 ✦ Milwaukee, WI ✦ Designated as a 501(c)(3)

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Overview

What is Academy Of Excellence?

The Academy of Excellence is a nonprofit organization situated in Milwaukee, Wisconsin, with a workforce of 145 individuals. Their primary focus is to empower students, enabling them to lead and contribute positively to their families, communities, and the world. This is achieved through a balanced approach that emphasizes both academic and spiritual development. The Academy's mission is to equip students with the necessary skills and values to make a meaningful impact in their respective spheres.


Official website here: www.academyofexcellence.net

What are the reviews and ratings of this charity?

The Academy Of Excellence has a "Needs Improvement" rating from Charity Navigator, scoring 73% overall, which translates to a Two-Star out of Four Star rating. This score is exclusively based on their Accountability & Finance assessment. Key strengths include a strong independent board and robust financial oversight policies, reflected in high scores for audit practices and conflict of interest policies.

The organization's Accountability & Finance score of 73 highlights certain limitations. Notably, they score poorly for their liabilities to assets ratio and lack a whistleblower and document retention policy, which affect their overall transparency and accountability. Posting of their tax form online is also missing, which could improve openness.

The program expense ratio, which is an area of strength, is at 99.19%, indicating that almost all of their expenses directly support their charitable programs. Despite these positives, the lack of certain policies and their financial liabilities situation indicate areas that need urgent improvement to enhance their credibility and maximize their impact. No user reviews from GreatNonprofits are available to provide additional public feedback.


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

Is Academy Of Excellence legitimate?

Academy Of Excellence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,367,332

For more financial information, click here


Official website here: www.academyofexcellence.net

What is the mission statement of Academy Of Excellence?

The Academy of Excellence's mission is centered around preparing students to assume leadership roles and enrich their families, communities, and the world. This is achieved by academically and spiritually equipping the students. The institution's goal is to foster individuals who can contribute positively to their communities and the world at large. The Academy of Excellence aims to provide its students with the necessary skills and values to lead and make a significant impact in their personal and communal lives.


Official website here: www.academyofexcellence.net

Who is the CEO of Academy Of Excellence?

Randall R Melchert is the President of Academy Of Excellence.


Official website here: www.academyofexcellence.net

What is the revenue of Academy Of Excellence?

Academy Of Excellence's revenue in 2022 was $11,653,008.


Official website here: www.academyofexcellence.net

Who are the executives of Academy Of Excellence and what are their salaries?

The average compensation at Academy Of Excellence during 2022 was $30,120. There are 145 employees and 10 volunteers at Academy Of Excellence.


Here are 4 key members and their salaries:


Randall R Melchert (President)
  • Compensation: $90,000
  • Related: $0
  • Other: $0
Lori Melchert (Secretary/Tr)
  • Compensation: $62,083
  • Related: $0
  • Other: $0
Dawn Akam (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Mclario (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.academyofexcellence.net

Where can I find the form 990 for Academy Of Excellence?

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


Official website here: www.academyofexcellence.net

Learn more at the official website: www.academyofexcellence.net

Mission Statement of Academy Of Excellence

The Academy of Excellence is committed to a noble mission. This esteemed institution aims to equip its students with the necessary academic and spiritual skills. The ultimate goal is to empower these students to become influential leaders who can positively impact their families, communities, and the world at large. The mission of the Academy of Excellence is a testament to its commitment to nurturing well-rounded individuals who can contribute meaningfully to society.

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Impact




October, 2024

The Academy of Excellence plays a vital role in preparing students to become leaders who are both academically and spiritually equipped. The institution focuses on enriching not only individual students but also their families and communities, fostering a ripple effect of positive change. Located in Milwaukee, Wisconsin, the Academy emphasizes a holistic approach to education, integrating academic excellence with spiritual growth.

By equipping students with the skills and values necessary to thrive in today's world, the Academy contributes to developing responsible citizens who can positively impact their surroundings. This mission extends beyond the classroom, encouraging students to take on challenges and opportunities that uplift their families and engage with their communities, ultimately leading to a more enriched and responsible society.




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

Revenue
$11,653,008 (2022)
Expenses
$12,088,424 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,218
  • Program Service Revenue: $11,359,303
  • Gross Receipts: $11,653,008

Assets and Liabilities:

  • Total Assets: $6,388,105
  • Total Liabilities: $5,546,487
  • Net Assets: $841,618

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Programs

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

CHOICE STATE AID TUITION

Revenue

$10,475,912

FED & WI NUTRITION ASSISTANCE

Revenue

$719,372

MPS TRANSPORTATION REIMB

Revenue

$155,937

OTHER INCOME

Revenue

$8,082

Organization Details

Founding Year

2009

Principal Officer

Randall R Melchert

Main Address

633 S 12TH ST, MILWAUKEE, WI, 53204

NTEE Category

Code: B24 - Education

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