Overview
What is Innovation Academy?
Innovation Academy is a nonprofit organization situated in Las Vegas, Nevada, with a mission to ensure every child achieves academic and lifelong success. Their approach to education is unique, combining well-rounded academics with instilling values and fostering a lifelong desire to learn. The organization's focus is to equip each child with the necessary skills and mindset for a fulfilling life, going beyond just academic achievements.
Official website here: www.innovationacademylv.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star Rating)
Innovation Academy has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement despite a strong score in accountability and finance. The organization demonstrates good financial health with a program expense ratio of 99.48%, suggesting that nearly all of its expenses are directed towards its programs. Furthermore, it has a perfect score for accountability regarding material diversion of assets and an independent board of members.
However, significant weaknesses were noted in the governance and transparency aspects of the organization. Key policies, such as conflict of interest and whistleblower policies, are missing, which raises concerns about the organization's operational integrity. Additionally, the absence of financial statements and other crucial documents on its website could hinder potential donors' ability to make informed decisions.
In summary, while Innovation Academy shows promise with its high program expense ratio and independent board members, it also faces critical challenges in governance and transparency that could impact trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Innovation Academy legitimate?
Innovation Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $441,585
For more financial information, click here
Official website here: www.innovationacademylv.com
What is the mission statement of Innovation Academy?
Innovation Academy's mission is centered around ensuring every child achieves both academic and personal success. Their educational approach emphasizes well-rounded academics, complemented by instilling values and fostering a lifelong love for learning. The academy strives to equip each student with the necessary skills and mindset for future achievement.
Official website here: www.innovationacademylv.com
What is the revenue of Innovation Academy?
Innovation Academy's revenue in 2024 was $639,171.
Official website here: www.innovationacademylv.com
Who are the executives of Innovation Academy and what are their salaries?
There is 1 key member and their salary:
- Compensation: $275,000
- Related: $0
- Other: $0
Official website here: www.innovationacademylv.com
Where can I find the form 990 for Innovation Academy?
Innovation Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.innovationacademylv.com
Learn more at the official website: www.innovationacademylv.com
Mission Statement of Innovation Academy
Innovation Academy is committed to ensuring every child achieves both academic and personal success and mastery. Their unique approach to education involves providing well-rounded academics, instilling valuable life skills, and cultivating a lifelong desire to learn. By adopting this holistic approach, Innovation Academy aims to equip each child with the necessary tools to succeed in various aspects of life.
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Impact
July, 2024
Innovation Academy's impact can be seen in the transformation of children's lives, as they are equipped with the tools and mindset necessary to achieve academic and life success. By providing a well-rounded academic curriculum and instilling important values, the Academy fosters a lifelong desire for learning in each student. This dedication to holistic education empowers children to reach their full potential and become future leaders in their communities.
This information is meant to be a general summary of Innovation 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 2024.
- Program Service Revenue: $639,171
- Gross Receipts: $639,171
Assets and Liabilities:
- Total Assets: $237,132
- Total Liabilities: $0
- Net Assets: $237,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION REVENUE
Revenue
$639,171
Organization Details
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