Overview
What is Richard Allen Preparatory Academy?
Richard Allen Preparatory Academy, established in Dayton, is a nonprofit educational institution rooted in the principles of Bishop Richard Allen. The academy's mission is to nurture students academically, morally, and socially, fostering qualities such as self-discipline, self-reliance, respect for others, and a sense of responsibility. The graduates of this academy strive for excellence in all aspects, actively engage in citizenship, serve their community, particularly the disadvantaged, and aim to reach their full potential. Richard Allen Schools, as they are known, promote a well-rounded education that equips students with the necessary skills to lead courageous lives.
Official website here: www.richardallenschools.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Richard Allen Preparatory Academy has received a Two-Star rating from Charity Navigator, indicating some strengths in its accountability and finance practices but significant concerns regarding its financial health. The organization demonstrates strong governance features, including an independent board, comprehensive conflict of interest and whistleblower policies, and maintains good documentation practices.
The academy achieved a perfect score in several areas, such as the program expense ratio, indicating that all of its expenses are directed towards its programs. However, it faces challenges with a high liabilities to assets ratio, which suggests potential financial instability. This critical aspect has affected the overall rating, highlighting the need for improved financial management and sustainability.
While the organization has established solid governance practices, the financial limitations could hinder its long-term effectiveness and ability to fulfill its mission. Stakeholders may want to closely monitor these financial indicators and advocate for improvements to ensure the academy can continue to support its educational objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Richard Allen Preparatory Academy legitimate?
Richard Allen Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richard Allen Preparatory 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: $3,376,941
For more financial information, click here
Official website here: www.richardallenschools.com
What is the mission statement of Richard Allen Preparatory Academy?
Richard Allen Preparatory Academy is dedicated to educating its students in the spirit of Bishop Richard Allen, fostering the development of their intellectual, moral, and social abilities. Graduates of the academy are expected to demonstrate academic proficiency, self-discipline and self-reliance, respect the worth and dignity of others, embrace responsibility, active citizenship, serve others, particularly the disadvantaged, and strive to reach their full potential. The academy is committed to equipping its students with the necessary skills and values to become courageous leaders.
Official website here: www.richardallenschools.com
What is the revenue of Richard Allen Preparatory Academy?
Richard Allen Preparatory Academy's revenue in 2023 was $6,567,570.
Official website here: www.richardallenschools.com
Who are the executives of Richard Allen Preparatory Academy and what are their salaries?
The average compensation at Richard Allen Preparatory Academy during 2023 was $31,858. There are 106 employees at Richard Allen Preparatory Academy.
Here are 6 key members and their salaries:
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Official website here: www.richardallenschools.com
Where can I find the form 990 for Richard Allen Preparatory Academy?
Richard Allen Preparatory Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.richardallenschools.com
Learn more at the official website: www.richardallenschools.com
Mission Statement of Richard Allen Preparatory Academy
Richard Allen Preparatory Academy is dedicated to educating its students in the spirit of Bishop Richard Allen, a courageous leader. The school's mission is integral to the intellectual, moral, and social development of its students. By the time they graduate, Richard Allen graduates demonstrate academic proficiency, self-discipline and self-reliance, respect for the worth and dignity of self and others, embrace responsibility and active citizenship, serve others, especially the disadvantaged, and strive to achieve their full potential. The school's commitment to these ideals sets a strong foundation for its students, preparing them to make meaningful contributions to their communities and beyond.
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Impact
October, 2024
Richard Allen Preparatory Academy significantly impacts its students and the broader community by nurturing intellectual, moral, and social development in line with the principles of Bishop Richard Allen. The academy emphasizes academic proficiency, instilling strong self-discipline and self-reliance among its graduates. Students learn to respect the worth and dignity of themselves and others, fostering a sense of responsibility and active citizenship.
Graduates of Richard Allen Preparatory Academy are equipped not only with the knowledge necessary for academic success but also with the values essential for contributing positively to society. By encouraging students to serve disadvantaged populations, the academy prepares them to embrace their roles as compassionate leaders. This holistic approach ensures that students are not just academically competent but also socially responsible and empowered to achieve their full potential. As a result, Richard Allen Preparatory Academy plays a vital role in shaping a generation of informed, responsible, and engaged citizens in Dayton and beyond.
This information is meant to be a general summary of Richard Allen Preparatory 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 2023.
- Program Service Revenue: $900,336
- Gross Receipts: $6,567,570
Assets and Liabilities:
- Total Assets: $4,965,705
- Total Liabilities: $6,905,051
- Net Assets: -$1,939,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES PROVIDED TO O
Revenue
$900,336
Organization Details
Founding Year
1999
Principal Officer
Todd Johnson
Website
www.richardallenschools.comNTEE Category
Code: B29 - Education
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