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Immaculata Classical Academy Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273305618 ✦ Louisville, KY ✦ Designated as a 501(c)(3)

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Overview

What is Immaculata Classical Academy Inc?

Immaculata Classical Academy Inc, located in Louisville, Kentucky, is a nonprofit organization with a focus on education. They serve approximately 200 students annually, among whom are children with special needs, such as those with Down syndrome. The academy's mission is to provide a nurturing environment that integrates a Catholic classical liberal arts approach with accommodations for students with Down syndrome or other special needs. This inclusive approach allows the students to enrich their peers and educators, maintaining the academic integrity of the institution. The academy employs a dedicated team of 32 individuals to facilitate this mission.


Official website here: www.immaculataclassicalacademy.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Immaculata Classical Academy Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement despite some strong points in accountability and finance. The organization scored 100% in the Accountability & Finance category, highlighting effective management practices, including a majority of independent board members and a strong liabilities to assets ratio. However, the absence of essential policies such as conflict of interest and whistleblower protections, as well as missing financial statements on its website, raises concerns about transparency.

The organization has shown a commitment to program expenses, maintaining a 100% program expense ratio, which suggests that it prioritizes its mission-driven activities. Nevertheless, the lack of publicly available financial documentation could hinder potential donors' ability to assess its financial health and overall effectiveness fully. The presence of documented board meeting minutes demonstrates some level of transparency, but additional policies are needed to bolster governance.

In summary, while Immaculata Classical Academy Inc demonstrates strong financial accountability, the missing policies and lack of financial statements indicate areas where the organization can improve to enhance its credibility and attract more support from the community.


This AI summary has been generated from information found on Charity Navigator.

Is Immaculata Classical Academy Inc legitimate?

Immaculata Classical Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Immaculata Classical 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: $65,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $812,345

For more financial information, click here


Official website here: www.immaculataclassicalacademy.com

What is the mission statement of Immaculata Classical Academy Inc?

Immaculata Classical Academy Inc's mission is centered around providing education for all children, with a particular focus on those with Down Syndrome. The Academy operates using a Catholic classical liberal arts approach to education, ensuring that students with special needs, including Down Syndrome, can learn in an inclusive environment without compromising the academic standards of the institution. The Academy aims to enrich the lives of both its staff and their peers by accommodating these students, thereby fostering a harmonious learning environment. The Academy typically provides education to approximately 200 students annually, many of whom have special needs.


Official website here: www.immaculataclassicalacademy.com

Who is the CEO of Immaculata Classical Academy Inc?

Michael Michalak is the Director/Pri of Immaculata Classical Academy Inc.


Official website here: www.immaculataclassicalacademy.com

What is the revenue of Immaculata Classical Academy Inc?

Immaculata Classical Academy Inc's revenue in 2022 was $3,607,725.


Official website here: www.immaculataclassicalacademy.com

Who are the executives of Immaculata Classical Academy Inc and what are their salaries?

The average compensation at Immaculata Classical Academy Inc during 2022 was $27,428. There are 32 employees and 8 volunteers at Immaculata Classical Academy Inc.


Here are 8 key members and their salaries:


Justin Fout (Director/Pri)
  • Compensation: $65,354
  • Related: $0
  • Other: $0
Joe Guy Hagan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Father Matthew Hardesty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Michalak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Michalak (Vice Pres/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Moriarity (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Moss (Treasurer El)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny Michalak (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.immaculataclassicalacademy.com

Where can I find the form 990 for Immaculata Classical Academy Inc?

Immaculata Classical Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.immaculataclassicalacademy.com

Learn more at the official website: www.immaculataclassicalacademy.com

Mission Statement of Immaculata Classical Academy Inc

Immaculata Classical Academy Inc is committed to providing education to all children, with a particular focus on those with Down syndrome. Their mission is to operate a school using a Catholic classical liberal arts approach to education, ensuring that it caters to children with Down syndrome or other special needs without compromising the academic mission of the academy. By doing so, this institution aims to enrich not only the lives of these children but also those who work with them and their peers. The academy serves approximately 200 students annually, many of whom have special needs.

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Impact




October, 2024

Immaculata Classical Academy Inc significantly impacts the educational landscape in Louisville, KY, by providing inclusive, high-quality education to a diverse student body, including those with Down syndrome. By embracing a Catholic classical liberal arts approach, the academy fosters an enriching environment where around 200 students can thrive academically and socially.

The school’s commitment to accommodating children with special needs without sacrificing academic rigor ensures that all students receive an education tailored to their unique abilities. This inclusive model not only benefits the students with special needs but also enriches the educational experience for their peers, promoting empathy, understanding, and collaboration among all students.

Immaculata Classical Academy plays a crucial role in shaping an educational setting that champions the value of every individual, creating a community that recognizes and celebrates diversity while fostering personal growth and academic achievement.




This information is meant to be a general summary of Immaculata Classical 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.

Revenue
$3,607,725 (2022)
Expenses
$1,165,680 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $878,437
  • Gross Receipts: $3,614,041

Assets and Liabilities:

  • Total Assets: $2,529,895
  • Total Liabilities: $0
  • Net Assets: $2,529,895

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EDUCATION

Revenue

$878,437

Organization Details

Founding Year

2010

Principal Officer

Michael Michalak

Main Address

440 ZORN AVENUE, LOUISVILLE, KY, 40207

NTEE Category

Code: B20 - Education

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