Overview
What is Heritage Academy Inc?
Heritage Academy Inc is a nonprofit organization that offers a free public education to around 171 students, serving the K-8 age group through charter school programs. Their primary mission is centered around public education, working diligently to enrich the learning experiences of their students. This inclusive and dedicated institution strives to provide an accessible and quality educational environment for its pupils.
Official website here: www.heritageacademyid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Heritage Academy Inc has received an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is based solely on their Accountability & Finance score, with all indicators pointing to strong governance practices and transparency. The charity boasts a fully independent board of directors, exceeding expectations in both independent board member quantity and overall governance frameworks.
Several strengths are highlighted, including a high program expense ratio of 94.35%, which signifies that the majority of funds are directed towards their programs. Additionally, the organization adheres to rigorous standards regarding financial oversight and documentation, having established comprehensive policies for conflict of interest, whistleblowing, and document retention. Their financial statements are well-audited, supporting the charity's commitment to transparency.
However, the organization did face a challenge in terms of its liabilities-to-assets ratio, scoring zero points in this area. This indicates potential concerns regarding financial leverage or stability that might need addressing in future assessments. Overall, while Heritage Academy Inc shows strong governance and program expenses, attention to financial ratios could enhance its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Academy Inc legitimate?
Heritage Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage 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: $102,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,035,731
For more financial information, click here
Official website here: www.heritageacademyid.org
What is the mission statement of Heritage Academy Inc?
Heritage Academy Inc., as a public education institution, focuses on educating around 171 students, offering a complimentary learning experience for K-8 students through charter school programs. The organization's primary mission is to provide these students with a quality education, fostering their growth and development. Through its charter school programs, Heritage Academy aims to equip these young learners with the necessary skills and knowledge to succeed in their future endeavors. The institution is committed to delivering a free, public education that caters to the needs of its students, ensuring they receive a well-rounded education.
Official website here: www.heritageacademyid.org
Who is the CEO of Heritage Academy Inc?
Carroll Cone is the Administrator of Heritage Academy Inc.
Official website here: www.heritageacademyid.org
What is the revenue of Heritage Academy Inc?
Heritage Academy Inc's revenue in 2023 was $2,449,073.
Official website here: www.heritageacademyid.org
Who are the executives of Heritage Academy Inc and what are their salaries?
The average compensation at Heritage Academy Inc during 2023 was $23,219. There are 49 employees and 6 volunteers at Heritage Academy Inc.
Here are 7 key members and their salaries:
- Compensation: $95,969
- Related: $0
- Other: $11,459
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.heritageacademyid.org
Where can I find the form 990 for Heritage Academy Inc?
Heritage Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.heritageacademyid.org
Learn more at the official website: www.heritageacademyid.org
Mission Statement of Heritage Academy Inc
Heritage Academy Inc, a non-profit organization, is dedicated to the mission of public education. Specifically, it offers a free educational service to students in the K-8 age group through charter school programs. By providing this education, Heritage Academy aims to contribute positively to the lives of approximately 171 students, empowering them with knowledge and skills that will serve them well in their future endeavors.
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Impact
October, 2024
Heritage Academy Inc plays a significant role in the educational landscape of Jerome, Idaho, by providing a free public education to approximately 171 K-8 students through charter school programs. This educational institution empowers children and their families by offering an alternative to traditional public schooling, fostering a supportive environment that encourages academic growth and development.
The academy's commitment to education contributes to the community by ensuring that students have access to quality learning experiences that promote critical thinking, creativity, and social skills. By nurturing these young minds, Heritage Academy Inc not only enhances individual student outcomes but also positively impacts the community as a whole, creating a foundation for a more educated and engaged citizenry. The emphasis on public education aligns with the mission to provide equitable access to learning opportunities, making a lasting difference in the lives of students and their families.
This information is meant to be a general summary of Heritage 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 2023.
- Investment Income: $1,033
- Gross Receipts: $2,449,073
Assets and Liabilities:
- Total Assets: $2,945,335
- Total Liabilities: $2,449,584
- Net Assets: $495,751
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Organization Details
Founding Year
2011
Phone
(208) 595-1617Principal Officer
Carroll Cone
Main Address
500 South Lincoln Avenue, Jerome, ID, 83338
Website
www.heritageacademyid.orgNTEE Category
Code: B29 - Education
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