Overview
What is Palmetto Scholars Academy?
Palmetto Scholars Academy is a nonprofit institution situated in North Charleston, South Carolina, specifically at 7499 Dorchester Road. Its primary mission is to cater to the unique academic, social, and emotional needs of its students by implementing effective strategies from the field of gifted education. During the 2021-2022 school year, the academy aims to provide education to its students, as stated in its operational period. With a dedicated team of 70 employees, Palmetto Scholars Academy is committed to fostering an educational environment that caters to the distinct abilities of gifted students.
Official website here: www.palmettoscholarsacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Palmetto Scholars Academy has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and financial management. The organization achieved a score of 81%, which is derived entirely from its accountability and finance metrics. This score reflects a strong commitment to transparency, with all board members being independent and an effective governance structure in place.
The organization excels in various categories, earning full points for its independent board composition and financial auditing practices. Additionally, it demonstrates responsible management by having a robust conflict of interest policy, a whistleblower policy, and clear documentation practices. The high program expense ratio of 75.44% indicates that a significant portion of its funds is directed towards its programs, which is a positive sign of its operational focus.
While the overall score is commendable, users may note that the rating is based solely on financial metrics without an evaluation of programmatic impact or service delivery. Therefore, while Palmetto Scholars Academy shows strong governance and financial health, potential supporters may want to seek additional information about its educational outcomes and community impact before making a decision.
This AI summary has been generated from information found on Charity Navigator.
Is Palmetto Scholars Academy legitimate?
Palmetto Scholars Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmetto Scholars Academy 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: $135,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,969,468
For more financial information, click here
Official website here: www.palmettoscholarsacademy.org
What is the mission statement of Palmetto Scholars Academy?
The Palmetto Scholars Academy exists with a mission to cater to the unique academic, social, and emotional needs of its students. It achieves this goal by implementing the best practices in gifted education. The academy is dedicated to educating its students during the academic year, specifically from July 1, 2021, to June 30, 2022. The academy's approach to education is tailored to the needs of gifted students, aiming to provide a comprehensive learning experience that goes beyond traditional classroom settings.
Official website here: www.palmettoscholarsacademy.org
Who is the CEO of Palmetto Scholars Academy?
Manny Perez-Carrillo is the Treasurer of Palmetto Scholars Academy.
Official website here: www.palmettoscholarsacademy.org
What is the revenue of Palmetto Scholars Academy?
Palmetto Scholars Academy's revenue in 2022 was $5,087,229.
Official website here: www.palmettoscholarsacademy.org
Who are the executives of Palmetto Scholars Academy and what are their salaries?
The average compensation at Palmetto Scholars Academy during 2022 was $44,362. There are 70 employees and 180 volunteers at Palmetto Scholars Academy.
Here are 10 key members and their salaries:
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Official website here: www.palmettoscholarsacademy.org
Where can I find the form 990 for Palmetto Scholars Academy?
Palmetto Scholars Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.palmettoscholarsacademy.org
Learn more at the official website: www.palmettoscholarsacademy.org
Mission Statement of Palmetto Scholars Academy
Palmetto Scholars Academy, a renowned institution, is dedicated to addressing the unique academic, social, and emotional needs of its students. They achieve this by employing the most effective strategies in gifted education. The primary mission of Palmetto Scholars Academy is to create an educational environment that caters to the distinct requirements of its gifted students. This mission is carried out throughout the academic year, from July 1, 2021, to June 30, 2022. The academy utilizes the best practices in gifted education to ensure its students receive a well-rounded and enriching educational experience.
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Impact
October, 2024
Palmetto Scholars Academy significantly impacts the academic, social, and emotional development of its students by employing best practices in gifted education. Located in North Charleston, South Carolina, it caters to the unique needs of gifted learners during the school year. By focusing on personalized educational strategies, the academy ensures that students are intellectually challenged and supported in their growth, fostering not only academic excellence but also essential social skills and emotional well-being. This holistic approach equips students to thrive in their educational journeys and prepares them for future success.
This information is meant to be a general summary of Palmetto Scholars Academy. 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: $1,056
- Program Service Revenue: $60,998
- Gross Receipts: $5,087,229
Assets and Liabilities:
- Total Assets: $9,207,434
- Total Liabilities: $8,206,884
- Net Assets: $1,000,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUPIL ACTIVITY
Revenue
$60,998
Organization Details
Founding Year
2009
Principal Officer
Manny Perez-Carrillo
Main Address
7499 DORCHESTER RD, NORTH CHARLESTON, SC, 29418
NTEE Category
Code: B20 - Education
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