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Morgan Park Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 361502650 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Morgan Park Academy?

Morgan Park Academy is a private, independent school situated in Chicago, Illinois, with a postal code of 60643. The school caters to students from preschool to grade 12, boasting an enrollment of approximately 485 students. As a nonprofit institution, its mission is to provide high-quality education, fostering an environment that encourages intellectual growth, personal development, and social responsibility. The school employs a team of 161 individuals dedicated to nurturing and shaping the future leaders of tomorrow.


Official website here: www.morganparkacademy.org

What are the reviews and ratings of this charity?

**: Charity Navigator Rating 88% (Three-Star out of Four Stars )**ar Rating)**

Morgan Park Academy has received an 88% rating from Charity Navigator, reflecting a solid reputation for accountability and financial practices. This rating is determined entirely by the organization’s financial management, showcasing a strong commitment to transparent operations, as evidenced by a fully independent board and robust policies in place related to oversight and document retention.

Despite the positive financial indicators, the organization currently lacks scoring in key areas such as Impact & Measurement, Culture & Community, and Leadership & Adaptability. The absence of assessments in these domains suggests potential areas for improvement in demonstrating the broader impact of their efforts and fostering an inclusive organizational culture.

Currently, there are no user reviews available from GreatNonprofits to provide additional insights from beneficiaries or community members about their experiences with Morgan Park Academy. As such, potential supporters may want to consider reaching out directly for more personal accounts of the nonprofit's work.


This AI summary has been generated from information found on Charity Navigator.

Is Morgan Park Academy legitimate?

Morgan Park Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morgan Park 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: $231,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,156,034

For more financial information, click here


Official website here: www.morganparkacademy.org

What is the mission statement of Morgan Park Academy?

Morgan Park Academy operates as a private independent school, catering to students from preschool to grade 12. Their mission is to provide education for this age range, ensuring approximately 485 students receive a quality education within their institution. While the provided information does not explicitly state a mission statement in detail, it can be inferred that Morgan Park Academy aims to offer a comprehensive educational experience to its students, fostering their growth and development throughout their formative years.


Official website here: www.morganparkacademy.org

Who is the CEO of Morgan Park Academy?

Kishore Paluri is the Board President of Morgan Park Academy.


Official website here: www.morganparkacademy.org

What is the revenue of Morgan Park Academy?

Morgan Park Academy's revenue in 2022 was $9,629,614.


Official website here: www.morganparkacademy.org

Who are the executives of Morgan Park Academy and what are their salaries?

The average compensation at Morgan Park Academy during 2022 was $27,251. There are 161 employees and 100 volunteers at Morgan Park Academy.


Here are 11 key members and their salaries:


Heidi Yernberg (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Durbin-Odom (Board Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Torrence Moore (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcus Crawford (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Delaney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karin Norington-Reaves (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elgie Sims (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kishore Paluri (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mercedes Sheppard (Head Of School)
  • Compensation: $220,294
  • Related: $0
  • Other: $11,015
Louis Saggione Jr (Director Of Bldgs & Ground)
  • Compensation: $114,539
  • Related: $0
  • Other: $23,172
Vincent Hermosilla (Assistant Head Of School)
  • Compensation: $110,142
  • Related: $0
  • Other: $999


Official website here: www.morganparkacademy.org

Where can I find the form 990 for Morgan Park Academy?

Morgan Park Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.morganparkacademy.org

Learn more at the official website: www.morganparkacademy.org

Mission Statement of Morgan Park Academy

Morgan Park Academy, as a private independent school, serves students from preschool to twelfth grade. Its mission is to operate an educational institution that caters to the learning needs of these students, providing them with a comprehensive education from preschool through high school. With approximately 485 students enrolled, the academy is committed to providing a quality education that prepares its students for future academic and personal endeavors.

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Impact




October, 2024

Morgan Park Academy significantly influences the educational landscape by providing a comprehensive and enriching environment for students from preschool through 12th grade. With approximately 485 students, the Academy nurtures a diverse community in Chicago, Illinois, fostering academic excellence and personal growth.

By adopting a robust curriculum that emphasizes critical thinking, creativity, and character development, Morgan Park Academy prepares students not only for academic success but also for responsible citizenship in a rapidly changing world. The school's commitment to individualized attention ensures that each student’s unique strengths and interests are recognized and cultivated.

The Academy also emphasizes the importance of community engagement and inclusivity, inspiring students to become active, informed members of society. Through various extracurricular activities, service projects, and leadership opportunities, students learn valuable life skills that extend beyond traditional academics.

Overall, Morgan Park Academy's impact extends beyond the classroom, shaping well-rounded individuals who are equipped to make meaningful contributions to their communities and the broader society.




This information is meant to be a general summary of Morgan Park 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.

Revenue
$9,629,614 (2022)
Expenses
$9,436,714 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,287
  • Program Service Revenue: $9,077,573
  • Gross Receipts: $10,115,704

Assets and Liabilities:

  • Total Assets: $7,353,923
  • Total Liabilities: $4,339,892
  • Net Assets: $3,014,031

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION

Revenue

$8,845,001

ACTIVITIES & SERVICES

Revenue

$232,572

Organization Details

Founding Year

1942

Principal Officer

Kishore Paluri

Main Address

2153 WEST 111TH STREET, CHICAGO, IL, 60643

NTEE Category

Code: B24Z - Education

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