Overview
What is Sophia Academy?
Sophia Academy is a nonprofit institution that focuses on providing middle school education for girls from economically disadvantaged backgrounds. Established in September 2001, the school has served 65 students thus far. Sophia Academy maintains affordable tuition fees and primarily relies on both public and private funding to operate. The mission of Sophia Academy is to offer a quality education to these young ladies, empowering them to reach their full potential.
Official website here: www.sophia-academy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Sophia Academy has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization demonstrates excellent practices in governance, with a fully independent board and robust financial oversight measures. A notable strength is their high program expense ratio of 73.73%, reflecting a strong commitment to utilizing funds directly for their educational programs.
The organization has also established comprehensive policies, including those for conflict of interest, whistleblower protections, and document retention, all of which contribute to transparency and ethical management. Additionally, their financial statements are well maintained, showing no material diversion of assets, which speaks to their integrity and sound fiscal management.
While the overall score is strong, it is based solely on accountability and finance metrics. Potential supporters may look for information on program impact and outcomes, which may not be covered in the current rating system. Nevertheless, Sophia Academy’s financial practices and governance structure position it as a trustworthy nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sophia Academy legitimate?
Sophia Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sophia 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: $168,351
Professional Fundraising Fees: $0
Other Salaries and Wages: $806,822
For more financial information, click here
Official website here: www.sophia-academy.org
What is the mission statement of Sophia Academy?
Sophia Academy, a middle school for girls from low-income families, is committed to providing them with an education. Established in September 2001, the school has served 65 students so far. Sophia Academy keeps its tuition fees minimal and largely depends on public and private funding for its operations. The institution's mission is to offer educational opportunities to girls who might not otherwise have access to them, thereby contributing to their overall development and future prospects.
Official website here: www.sophia-academy.org
What is the revenue of Sophia Academy?
Sophia Academy's revenue in 2024 was $1,336,138.
Official website here: www.sophia-academy.org
Who are the executives of Sophia Academy and what are their salaries?
The average compensation at Sophia Academy during 2024 was $39,007. There are 25 employees and 17 volunteers at Sophia Academy.
Here are 17 key members and their salaries:
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- Compensation: $92,750
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- Other: $15,850
Official website here: www.sophia-academy.org
Where can I find the form 990 for Sophia Academy?
Sophia Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sophia-academy.org
Learn more at the official website: www.sophia-academy.org
Mission Statement of Sophia Academy
Sophia Academy, a middle school for girls from low-income families, has a mission to educate its students effectively. Established in September 2001, the institution has welcomed 65 girls into its community. Despite charging minimal tuition fees, Sophia Academy primarily depends on public and private funding to sustain its operations. The academy's mission is to provide these young girls with a quality education despite their financial circumstances, aiming to empower and uplift them.
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Impact
October, 2024
Sophia Academy has a significant impact on the lives of middle school girls from low-income families in Providence, RI. Since its opening in September 2001, the school has empowered 65 students by providing them with quality education and support tailored to their unique needs. By charging minimal tuition fees and relying on public and private funding, Sophia Academy ensures that education is accessible to those who might otherwise be unable to afford it.
The academy not only focuses on academic achievement but also fosters personal growth, self-confidence, and leadership skills among its students. This holistic approach equips young girls with the tools they need to overcome socioeconomic barriers and succeed in their future endeavors. Through its dedicated efforts, Sophia Academy plays a vital role in shaping a brighter future for its students and, by extension, the community at large.
This information is meant to be a general summary of Sophia 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.
- Investment Income: $78,073
- Program Service Revenue: $38,093
- Gross Receipts: $1,399,799
Assets and Liabilities:
- Total Assets: $8,940,981
- Total Liabilities: $118,407
- Net Assets: $8,822,574
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES
Revenue
$38,093
Organization Details
Founding Year
2001
Principal Officer
Maura Farrell
Website
www.sophia-academy.orgNTEE Category
Code: B20 - Education
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