Overview
What is Palm Harbor Academy Inc?
Palm Harbor Academy Inc, located at 95 Old Kings Road N, Palm Coast, Florida 32137, is a nonprofit organization that operates a private school catering to students from kindergarten through twelfth grade. With a mission to serve economically and socially disadvantaged youth, the academy offers educational services with a focus on providing quality education to underprivileged students. Known as The Academy of Excellence of North Florida, the institution currently employs eight individuals, demonstrating its commitment to offering education to those who may face financial or societal challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (60%)
Palm Harbor Academy Inc has received a Two-Star rating from Charity Navigator, indicating that it has room for improvement in terms of its accountability and financial practices. The organization scored particularly well in areas such as having a majority independent board and maintaining a low program expense ratio, which suggests effective allocation of resources towards its mission.
However, the charity faced significant challenges in financial reporting, scoring zero on financial statements and liabilities to assets ratio, which raises concerns about transparency and fiscal health. The absence of a whistleblower policy is another notable gap, which could impact the organization’s ability to address potential misconduct or conflicts of interest effectively.
While the organization demonstrates strengths in governance and program expense efficiency, the indicated limitations highlight the need for enhanced financial oversight and accountability measures to boost stakeholder confidence and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Palm Harbor Academy Inc legitimate?
Palm Harbor Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Harbor 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,116
For more financial information, click here
What is the mission statement of Palm Harbor Academy Inc?
Palm Harbor Academy Inc's mission is centered around offering educational services to youth who come from economically and socially disadvantaged backgrounds. This mission is carried out through their operations, which include running a private school catering to students from kindergarten to twelfth grade. The institution is dedicated to making quality education accessible to those who may otherwise face barriers.
Who is the CEO of Palm Harbor Academy Inc?
Gillard S Glover is the Chairman of Palm Harbor Academy Inc.
What is the revenue of Palm Harbor Academy Inc?
Palm Harbor Academy Inc's revenue in 2022 was $538,094.
Who are the executives of Palm Harbor Academy Inc and what are their salaries?
The average compensation at Palm Harbor Academy Inc during 2022 was $21,764. There are 8 employees and 25 volunteers at Palm Harbor Academy Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Palm Harbor Academy Inc?
Palm Harbor Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Palm Harbor Academy Inc
Palm Harbor Academy Inc, a nonprofit organization, is dedicated to providing educational services to youth who are economically and socially disadvantaged. Their mission is to create an educational environment that caters specifically to this group of students, aiming to empower them and equip them with the necessary knowledge and skills to overcome their challenges. The organization operates a private school, serving students from K-12 grades, providing them with a supportive learning environment that recognizes and addresses their unique needs. By offering educational services to this underserved population, Palm Harbor Academy Inc is committed to fostering equality and opportunity, enabling disadvantaged youth to reach their full potential.
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Impact
July, 2024
Palm Harbor Academy Inc's impact lies in providing educational services to economically and socially disadvantaged youth. Through the operation of a private school serving students from kindergarten to 12th grade in Palm Coast, FL, the organization aims to fulfill its mission of equipping underprivileged youth with the tools and opportunities needed for a better future. By offering quality education and support to this demographic, Palm Harbor Academy Inc plays a crucial role in breaking the cycle of poverty and empowering these students to reach their full potential.
This information is meant to be a general summary of Palm Harbor 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $272,019
- Gross Receipts: $538,094
Assets and Liabilities:
- Total Assets: $468,083
- Total Liabilities: $708,430
- Net Assets: -$240,347
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEP-UP SCHOLARSHIPS
Revenue
$251,380
VPK PROGRAM
Revenue
$20,639
Organization Details
Founding Year
2009
Phone
(386) 447-9692Principal Officer
Gillard S Glover
Main Address
95 OLD KINGS ROAD N, PALM COAST, FL, 32137
NTEE Category
Code: B20 - Education
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