Overview
What is Grace Covenant Academy?
Grace Covenant Academy is a nonprofit organization situated in Frisco, Texas, with the address 8000 Sanctuary Drive, 75033. Their primary mission is to support and guide Christian parents in their role of educating their children. This education takes place in an environment that is centered around the gospel and emphasizes academic excellence. The academy encourages students to analyze various aspects of life through the lens of God's word, fostering a deep love for Him. They aim to instill in their students the ability to apply His teachings and share His message with the world. With a team of 32 dedicated individuals, Grace Covenant Academy is committed to shaping the future generations in a faith-based, academically enriching context.
Official website here: www.gcafrisco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars, Overall score: 73%
Grace Covenant Academy has received a "Needs Improvement" rating from Charity Navigator, indicating that while there are some strengths in its governance and financial practices, there are significant areas that require attention. The organization scored well in terms of having an independent board and maintaining a low liabilities to assets ratio, reflecting a solid foundation in governance. Additionally, the high program expense ratio suggests that a considerable portion of their budget is directed towards programs rather than administrative costs.
However, the rating also highlights serious concerns, particularly in financial transparency. The nonprofit received zero points in several key areas, including financial statements and the posting of these documents on its website. This lack of transparency can be a red flag for potential donors and stakeholders looking for accountability in how funds are managed.
Moreover, Grace Covenant Academy's policies regarding whistleblower protections and document retention are lacking, which could undermine trust in the organization. To improve its rating, the nonprofit should focus on enhancing its financial reporting practices and ensuring all policies are in place to foster accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Grace Covenant Academy?
98% of 19 reviewers on Facebook recommend Grace Covenant Academy. Here is a summary of their reviews: Most respondents highlight the school's commitment to fostering both academic achievement and spiritual growth, creating a supportive environment for both students and faculty.
Many describe the institution as a nurturing, God-centered community where personal relationships with Christ are emphasized alongside educational success. This dual focus appears to enhance the overall experience, making it a favorable choice for families seeking an environment that aligns with their values.
Overall, the sentiments reflect strong approval of Grace Covenant Academy's mission and programs, indicating that it effectively meets the needs of its community while encouraging holistic development.
This AI summary has been generated from reviews found on Facebook.
Is Grace Covenant Academy legitimate?
Grace Covenant Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Covenant 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: $122,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $592,597
For more financial information, click here
Official website here: www.gcafrisco.org
What is the mission statement of Grace Covenant Academy?
Grace Covenant Academy's mission is centered around assisting and coaching Christian parents in their educational journey with their children. The academy aims to provide an environment that fosters academic excellence while grounding the learning in biblical principles. It encourages students to critically analyze information through the lens of God's word, nurturing a deep love for God. The ultimate objective is to equip the students with the ability to apply biblical truths and spread God's message in the world.
Official website here: www.gcafrisco.org
Who is the CEO of Grace Covenant Academy?
Brian Smith is the Director of Grace Covenant Academy.
Official website here: www.gcafrisco.org
What is the revenue of Grace Covenant Academy?
Grace Covenant Academy's revenue in 2022 was $1,140,162.
Official website here: www.gcafrisco.org
Who are the executives of Grace Covenant Academy and what are their salaries?
The average compensation at Grace Covenant Academy during 2022 was $22,355. There are 32 employees at Grace Covenant Academy.
Here are 5 key members and their salaries:
- Compensation: $79,330
- Related: $0
- Other: $0
- Compensation: $43,434
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gcafrisco.org
Where can I find the form 990 for Grace Covenant Academy?
Grace Covenant Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gcafrisco.org
Learn more at the official website: www.gcafrisco.org
Mission Statement of Grace Covenant Academy
Grace Covenant Academy is committed to aiding and guiding Christian parents in their educational journey with their children. The academy's mission is to establish an environment that is both gospel-centered and academically excellent. This context is designed to inspire students to critically analyze all aspects of life through the lens of God's word. The ultimate goal is to foster a deep love for God within the students, enabling them to apply His teachings in their daily lives and share His message with the world. By doing so, Grace Covenant Academy empowers its students to make God's name known, equipping them with the necessary tools to make a positive impact in their communities and beyond.
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Impact
October, 2024
Grace Covenant Academy elevates the educational experience for Christian families by providing resources and support to help parents educate their children in a gospel-centered environment. The academy emphasizes academic excellence and guides students to examine all aspects of life through the lens of God's word. This approach cultivates a deep love for God and encourages students to apply biblical truths, equipping them to share their faith and impact the world around them. Through its commitment to nurturing both intellectual and spiritual growth, Grace Covenant Academy fosters a holistic educational experience that prepares students to live out their beliefs confidently and purposefully. Located in Frisco, TX, the academy serves as a vital resource for families wanting to integrate their faith into every facet of their children's education.
This information is meant to be a general summary of Grace Covenant 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: $19
- Program Service Revenue: $1,077,751
- Gross Receipts: $1,140,830
Assets and Liabilities:
- Total Assets: $154,195
- Total Liabilities: $77,948
- Net Assets: $76,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
field trips & camps
Revenue
$12,924
programs & events
Revenue
$11,332
student meals
Revenue
$11,521
Tuition & Fees
Revenue
$1,039,682
uniforms
Revenue
$1,870
Organization Details
Founding Year
2009
Phone
(469) 734-6466Principal Officer
Brian Smith
Main Address
8000 Sanctuary Drive, Frisco, TX, 75033
Website
www.gcafrisco.orgNTEE Category
Code: B20 - Education
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