Overview
What is Reaching All Minds Academy Inc?
Reaching All Minds Academy Inc, a public charter school situated in Durham, North Carolina, serves around 374 students annually. This nonprofit institution is dedicated to delivering high-quality education, as evident from its mission statement. As a public charter school, it operates independently, providing a unique educational environment for its students. The academy's focus on quality education ensures that it caters to the diverse needs of its pupils. By operating as a public charter school, Reaching All Minds Academy Inc plays a crucial role in the community, contributing to the education sector in Durham, NC.
Official website here: www.reachingallminds.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star rating
Reaching All Minds Academy Inc has received a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The organization scored 100% in several key areas, including having a fully independent board and effective oversight through its audit and financial practices. This high level of transparency and governance demonstrates a robust operational framework that prioritizes responsible management of resources.
The organization is particularly notable for its effective use of funds, with a program expense ratio of 79.70%, indicating that a substantial portion of its budget is directed towards its mission-driven activities. The absence of any material diversion of assets and strong financial health, as shown by a low liabilities-to-assets ratio of 11.45%, further emphasizes its fiscal responsibility and commitment to its objectives.
While the data highlights significant strengths, no specific limitations or weaknesses were mentioned, suggesting that Reaching All Minds Academy Inc is performing well in its operational and financial aspects. Overall, the charity stands out for its governance and financial stewardship, making it a reliable choice for potential donors interested in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Reaching All Minds Academy Inc legitimate?
Reaching All Minds Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reaching All Minds 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: $107,216
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,507,278
For more financial information, click here
Official website here: www.reachingallminds.com
What is the mission statement of Reaching All Minds Academy Inc?
Reaching All Minds Academy Inc, as a public charter school, is committed to delivering quality education. Their mission, in essence, is to serve students effectively. While specific details about the educational approach or additional support services are not provided, it can be inferred that their mission is centered around providing a high-quality educational experience for their approximately 374 students. The school's operations are likely focused on fostering an educational environment that supports student growth and development.
Official website here: www.reachingallminds.com
Who is the CEO of Reaching All Minds Academy Inc?
Annie L Mckoy is the Bd Chair / P of Reaching All Minds Academy Inc.
Official website here: www.reachingallminds.com
What is the revenue of Reaching All Minds Academy Inc?
Reaching All Minds Academy Inc's revenue in 2022 was $5,292,129.
Official website here: www.reachingallminds.com
Who are the executives of Reaching All Minds Academy Inc and what are their salaries?
The average compensation at Reaching All Minds Academy Inc during 2022 was $42,861. There are 61 employees and 8 volunteers at Reaching All Minds Academy Inc.
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- Compensation: $101,947
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Official website here: www.reachingallminds.com
Where can I find the form 990 for Reaching All Minds Academy Inc?
Reaching All Minds Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachingallminds.com
Learn more at the official website: www.reachingallminds.com
Mission Statement of Reaching All Minds Academy Inc
Reaching All Minds Academy, as a public charter school, is committed to providing high-quality education to its students. With a focus on serving around 374 pupils during the fiscal year ending on June 30, 2022, this institution's mission is to deliver an exceptional educational experience. The academy's mission is to ensure that every student receives a well-rounded education, enabling them to reach their full potential. By operating as a public charter school, Reaching All Minds Academy demonstrates its dedication to serving the community and providing accessible education to a diverse group of students.
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Impact
October, 2024
Reaching All Minds Academy Inc makes a significant impact in the Durham, NC community by providing quality education to approximately 374 students. As a public charter school, it caters to diverse learning needs and emphasizes academic excellence within a supportive environment. The academy focuses on fostering critical thinking, creativity, and personal growth, preparing students for future educational pursuits and life challenges. By prioritizing access to education, Reaching All Minds Academy contributes to the overall development and empowerment of its students, helping them to reach their full potential academically and socially.
This information is meant to be a general summary of Reaching All Minds 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 2022.
- Investment Income: $125
- Program Service Revenue: $5,075,915
- Gross Receipts: $5,292,129
Assets and Liabilities:
- Total Assets: $2,992,294
- Total Liabilities: $185,397
- Net Assets: $2,806,897
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE OF NC
Revenue
$3,098,410
TOTAL COUNTY FUNDS
Revenue
$1,971,196
SCHOOL PROGRAMS & ACTIVITIES
Revenue
$6,309
Organization Details
Founding Year
2012
Phone
(919) 596-1899Principal Officer
Annie L Mckoy
Main Address
2703 HOLLOWAY STREET, DURHAM, NC, 27703
Website
www.reachingallminds.comNTEE Category
Code: B29 - Education
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