Overview
What is Palmetto Academy For Learning Motorsports?
The Palmetto Academy for Learning Motorsports is a vocational school affiliated with Palmetto Charter High School, a tuition-free public charter school serving students in Horry County, South Carolina. The academy offers a technology-based blended learning environment, focusing on developing students' academic and skills training into career, social, and academic goals. The Palmetto Academy emphasizes individual responsibility and accountability through a comprehensive, rigorous academic and competency-based curriculum. The school specializes in various automotive-related fields, including motorsports technology, welding technology, auto collision technology, and graphics, with vocational instructors boasting extensive experience in their fields. The academy aims to prepare students for job opportunities within the automotive and high-performance industries, with a total staff of 41 individuals.
Official website here: www.palmsc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Palmetto Academy For Learning Motorsports has received a commendable Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. The score is derived entirely from its Accountability & Finance metrics, showcasing a strong ethical framework with full marks in areas such as independent board members and financial oversight.
The organization demonstrates strengths in transparency and governance, highlighted by its comprehensive policies, including conflict of interest and whistleblower protections, and a positive program expense ratio of 90.58%. This indicates that a significant portion of its funds is directed towards its charitable programs, which is a positive aspect for potential donors and supporters.
However, one noteworthy limitation is the organization's liabilities to assets ratio, which scored 0 out of 15 points. This suggests potential financial concerns that could impact its sustainability. Overall, while Palmetto Academy For Learning Motorsports shows a strong performance in several key areas, the concerns regarding its liabilities warrant attention from stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Palmetto Academy For Learning Motorsports legitimate?
Palmetto Academy For Learning Motorsports is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmetto Academy For Learning Motorsports 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: $1,483,724
For more financial information, click here
Official website here: www.palmsc.org
What is the mission statement of Palmetto Academy For Learning Motorsports?
The Palmetto Academy for Learning Motorsports, as an organization, focuses on guiding individual learners in developing their academic and skills training towards career, social, and academic goals. This is achieved through the establishment of supportive relationships that foster personal responsibility and accountability. The academy operates with a comprehensive, rigorous academic and competency-based curriculum. The Palmetto Academy for Learning Motorsports Charter School provides an innovative environment for success by combining a high-quality academic program with a competency-based curriculum relevant to the motorsports industries.
Official website here: www.palmsc.org
Who is the CEO of Palmetto Academy For Learning Motorsports?
Kristin Mcclellan is the Member of Palmetto Academy For Learning Motorsports.
Official website here: www.palmsc.org
What is the revenue of Palmetto Academy For Learning Motorsports?
Palmetto Academy For Learning Motorsports's revenue in 2022 was $3,296,295.
Official website here: www.palmsc.org
Who are the executives of Palmetto Academy For Learning Motorsports and what are their salaries?
The average compensation at Palmetto Academy For Learning Motorsports during 2022 was $36,188. There are 41 employees and 7 volunteers at Palmetto Academy For Learning Motorsports.
Here are 8 key members and their salaries:
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- Compensation: $85,267
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- Other: $5,858
Official website here: www.palmsc.org
Where can I find the form 990 for Palmetto Academy For Learning Motorsports?
Palmetto Academy For Learning Motorsports's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.palmsc.org
Learn more at the official website: www.palmsc.org
Mission Statement of Palmetto Academy For Learning Motorsports
Palmetto Academy for Learning Motorsports, as a vocational school related to Palmetto Charter High School, is committed to shaping the academic and skill development of its learners. Its mission, in essence, is to guide individuals towards achieving their career, social, and academic goals. This is accomplished by fostering supportive relationships that instill a sense of responsibility and accountability. The academy achieves this objective through a comprehensive, rigorous academic curriculum that is blended with a competency-based program, specifically tailored to the motorsports industries. By providing an innovative learning environment, Palmetto Academy for Learning Motorsports aims to ensure the success of its students, offering a high-quality academic program that combines traditional teaching methods with a competency-based curriculum.
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Impact
October, 2024
Palmetto Academy For Learning Motorsports significantly enhances the educational landscape in Horry County by providing students with a unique blend of academic and vocational training tailored to the automotive and motorsports industries. By offering a technology-based blended learning environment, the academy equips students in grades 9-12 with the skills necessary to earn a South Carolina high school diploma while simultaneously developing practical competencies in specialized fields such as motorsports technology, welding, auto collision technology, and graphics.
The impact of Palmetto Academy is evident in its commitment to fostering individual responsibility and accountability through supportive relationships and a comprehensive, rigorous curriculum. This approach not only prepares students for immediate career opportunities but also lays the groundwork for their future academic pursuits. The academy’s vocational staff, who bring years of industry experience, play a crucial role in guiding students as they transition into the workforce, leading to successful job placements in high-performance and automotive sectors.
By blending academic rigor with relevant workforce skills, Palmetto Academy For Learning Motorsports addresses the needs of both students seeking educational advancement and local industries in search of skilled labor. This dual focus encourages growth—it nurtures young talent while contributing to the economic development of the region, ultimately fostering a cycle of success within the community.
This information is meant to be a general summary of Palmetto Academy For Learning Motorsports. 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: $408
- Program Service Revenue: $60,538
- Gross Receipts: $3,296,295
Assets and Liabilities:
- Total Assets: $6,021,291
- Total Liabilities: $5,489,682
- Net Assets: $531,609
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LUNCH SALES
Revenue
$46,093
PUPIL ACTIVITIES
Revenue
$14,445
Organization Details
Founding Year
2012
Phone
(843) 903-6600Principal Officer
Kristin Mcclellan
Main Address
825 W COX FERRY ROAD, CONWAY, SC, 295268510
Website
www.palmsc.orgNTEE Category
Code: B29 - Education
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