Overview
What is Silver Oak Academy Inc?
Silver Oak Academy Inc, a nonprofit organization situated in Keymar, Maryland, offers educational and vocational services to 23 boys within the juvenile justice system. The academy's mission is to establish an environment that fosters academic excellence and encourages respect and responsibility among its students. By providing these services, Silver Oak Academy aims to positively impact the lives of young individuals, offering them opportunities for growth and development. The academy's location is specified as a PO Box in Keymar, Maryland.
Official website here: www.silveroakacademy.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Silver Oak Academy Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is based entirely on this beacon, reflecting the organization's commitment to transparency and responsible financial practices. The charity has achieved full marks in various areas such as having a majority of independent board members and maintaining rigorous financial oversight.
The organization demonstrates significant strengths, notably in its program expense ratio, which stands at 80.86%, ensuring that a substantial portion of its funding is directed towards programs rather than administrative costs. Additionally, the presence of robust policies, such as a conflict of interest policy and whistleblower protections, reinforces its commitment to ethical governance.
However, a notable limitation is the liabilities to assets ratio, which is exceptionally high at 356.96%. This raises concerns about the organization's financial stability and ability to manage its debts effectively. While the accountability and financial practices are commendable, potential donors and stakeholders may want to consider this aspect when evaluating the organization's overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Silver Oak Academy Inc legitimate?
Silver Oak Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silver Oak 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: $923,635
For more financial information, click here
Official website here: www.silveroakacademy.com
What is the mission statement of Silver Oak Academy Inc?
Silver Oak Academy Inc's mission is centered around creating an educational environment that fosters academic excellence among its students. This mission extends beyond academic achievements, as it also encourages students to demonstrate respect and responsibility. The academy provides educational and vocational services for a specific group of 23 boys involved in the juvenile justice system, aiming to equip them with essential skills for their future.
Official website here: www.silveroakacademy.com
Who is the CEO of Silver Oak Academy Inc?
Carolyn Jenkins-Bower is the Principal Officer of Silver Oak Academy Inc.
Official website here: www.silveroakacademy.com
What is the revenue of Silver Oak Academy Inc?
Silver Oak Academy Inc's revenue in 2021 was $1,996,263.
Official website here: www.silveroakacademy.com
Who are the executives of Silver Oak Academy Inc and what are their salaries?
There 10 volunteers at Silver Oak Academy Inc.
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Official website here: www.silveroakacademy.com
Where can I find the form 990 for Silver Oak Academy Inc?
Silver Oak Academy Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.silveroakacademy.com
Learn more at the official website: www.silveroakacademy.com
Mission Statement of Silver Oak Academy Inc
Silver Oak Academy Inc is committed to establishing an educational environment that encourages academic excellence and fosters respect and responsibility among its students within the juvenile justice system. The organization's primary goal is to create a conducive learning atmosphere that empowers students to reach their full potential. By providing educational and vocational services, Silver Oak Academy Inc aims to instill essential life skills and help these young individuals transition back into society with a renewed sense of purpose and responsibility.
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Impact
October, 2024
Silver Oak Academy Inc significantly impacts the lives of young boys in the juvenile justice system by providing tailored educational and vocational services. Located in Keymar, MD, the academy focuses on fostering an environment where academic excellence is paramount and core values such as respect and responsibility are instilled in its students. By prioritizing education and personal growth, Silver Oak Academy not only helps these boys improve their academic performance but also equips them with essential life skills, preparing them for successful reintegration into society. With its commitment to nurturing and guiding these young individuals, the academy plays a crucial role in transforming their futures and reducing recidivism.
This information is meant to be a general summary of Silver Oak 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 2021.
- Program Service Revenue: $1,740,472
- Gross Receipts: $1,996,263
Assets and Liabilities:
- Total Assets: $319,662
- Total Liabilities: $1,141,091
- Net Assets: -$821,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAY SCHOOL REVENUE
Revenue
$775,797
BEHAVIORAL HEALTH REVENUE
Revenue
$428,268
SPECIAL EDUCATION
Revenue
$384,206
SCHOOL REVENUE
Revenue
$126,236
BREAKFAST AND LUNCH REVENUE
Revenue
$25,900
Organization Details
Founding Year
2009
Phone
(410) 775-1745Principal Officer
Carolyn Jenkins-Bower
Main Address
PO BOX 250, KEYMAR, MD, 21757
Website
www.silveroakacademy.comNTEE Category
Code: B99 - Education
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