Overview
What is Nova Academy?
Nova Academy is a nonprofit institution situated in Santa Ana, California, with a focus on providing early college-level education to high school students in grades 9-12. Operating two charter schools in partnership with their respective school districts, Nova Academy offers dual enrollment opportunities for students, enabling them to take transferable college courses from community colleges, private universities, and University of California schools. The organization's mission is to inspire, educate, and prepare all students for success in college, careers, and life. By offering an academically rigorous, blended high school/college curriculum, Nova Academy aims to provide underrepresented students with access to higher education, ultimately helping them transition seamlessly into post-secondary education. The organization employs a staff of 87 individuals.
Official website here: www.nova-academy.org
What are the reviews and ratings of this charity?
**Rating:** 81% (Three-Star out of Four Stars) from Charity Navigator
Nova Academy has achieved an 81% rating, primarily focusing on Accountability & Finance, which suggests a solid emphasis on financial health and governance practices. The organization demonstrates strong governance through an independent board and comprehensive policies on conflict of interest, whistleblower measures, and document retention. However, it’s worth noting that its liabilities to assets ratio raised some concerns, indicating potential financial sustainability issues.
While Nova Academy excels in ensuring a majority of its board members are independent and maintaining transparency through audits, it does have a missing tax form on its website, which could affect its overall ratings in terms of transparency. The scores also reflect its commitment to using funds effectively, with a high program expense ratio.
User reviews from GreatNonprofits could not be fetched, therefore no direct feedback is available from individuals involved with or reviewing the organization. Overall, while Nova Academy appears to be a reliable nonprofit with a solid financial standing, its limitations in areas such as website transparency and sustainability ratios warrant attention for potential improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Nova Academy legitimate?
Nova Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nova 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: $442,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,137,464
For more financial information, click here
Official website here: www.nova-academy.org
What is the mission statement of Nova Academy?
Nova Academy's mission is centered around education, aiming to equip all students with the necessary skills for success in college, careers, and life. The academy is dedicated to serving underrepresented students, providing them with an academically rigorous curriculum that blends high school and college-level education. Nova Academy inspires and prepares its students, assisting educationally disadvantaged individuals in achieving greater academic success. The school offers dual enrollment opportunities, allowing students to take transferable college courses during their high school years. This approach facilitates a smooth transition into higher education after graduation, ensuring students are well-prepared for their future endeavors.
Official website here: www.nova-academy.org
Who is the CEO of Nova Academy?
Renee Lancaster is the Chief Executive Officer of Nova Academy. The CEO's salary of Nova Academy is $209,999 and their total compensation is $243,586.
Official website here: www.nova-academy.org
What is the revenue of Nova Academy?
Nova Academy's revenue in 2022 was $10,848,377.
Official website here: www.nova-academy.org
Who are the executives of Nova Academy and what are their salaries?
The average compensation at Nova Academy during 2022 was $52,646. There are 87 employees and 100 volunteers at Nova Academy.
Here are 11 key members and their salaries (Nova Academy's CEO's salary is $209,999 and their total compensation is $243,586):
- Compensation: $209,999
- Related: $0
- Other: $33,587
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $154,165
- Related: $0
- Other: $31,701
- Compensation: $136,450
- Related: $0
- Other: $27,170
- Compensation: $106,887
- Related: $0
- Other: $21,822
- Compensation: $116,176
- Related: $0
- Other: $18,577
Official website here: www.nova-academy.org
Where can I find the form 990 for Nova Academy?
Nova Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nova-academy.org
Learn more at the official website: www.nova-academy.org
Mission Statement of Nova Academy
Nova Academy, a nonprofit organization, is dedicated to inspiring, educating, and preparing all students for success in college, career, and life. This mission extends to supporting educationally disadvantaged students, enabling them to achieve greater academic success. Nova Academy offers an academically rigorous, blended high school/college curriculum, providing students with the opportunity to attend college classes while still in high school. This unique approach allows students to seamlessly transition into higher education after completing their high school education.
At Nova Academy, two charter schools collaborate with their respective school districts to offer dual enrollment opportunities. This means that students can take transferable college courses from community colleges, private colleges, and even the University of California schools. Both charter schools allow students to enroll in college courses concurrently with their charter school classes. This integrated approach helps to ensure a smooth transition into higher education after completing high school. By combining high school and college-level education, Nova Academy empowers students to succeed in their academic pursuits and beyond.
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Impact
October, 2024
Nova Academy significantly impacts students by providing an academically rigorous blended high school and college curriculum designed specifically for underrepresented students. By offering dual enrollment opportunities, students in grades 9-12 can take transferable college courses alongside their high school classes. This innovative approach not only prepares them for the challenges of higher education but also helps them to seamlessly transition into college.
Located in Santa Ana, California, Nova Academy addresses educational disparities by inspiring and educating students who may otherwise lack access to advanced academic opportunities. The combination of support from local school districts and the dedication to student success fosters an environment where educationally disadvantaged youth can thrive. The skills and confidence gained through this unique educational model empower students to pursue their college and career aspirations, ultimately shaping their futures and contributing to greater socioeconomic mobility within their communities.
This information is meant to be a general summary of Nova 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 2022.
- Gross Receipts: $10,848,377
Assets and Liabilities:
- Total Assets: $11,670,795
- Total Liabilities: $4,122,055
- Net Assets: $7,548,740
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Organization Details
Founding Year
2002
Phone
(714) 569-0948Principal Officer
Renee Lancaster
Main Address
500 W SANTA ANA BLVD, SANTA ANA, CA, 927014580
Website
www.nova-academy.orgNTEE Category
Code: B20 - Education
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