Overview
What is Glenwood Academy?
Glenwood Academy is a nonprofit organization situated in Glenwood, Illinois, specifically at 500 W 187th ST. Their primary mission is to offer a top-notch educational and residential program for students hailing from lower-income and single-parent families. This program serves as a positive alternative to challenging home and community circumstances, thereby enabling these students to overcome obstacles and thrive. By doing so, Glenwood Academy aims to combat poverty, injustice, and inequality in their community. The organization currently employs 94 individuals, demonstrating their commitment to making a significant impact.
Official website here: www.glenwoodacademy.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 90% (Four-Star out of Four Stars)**tar)**
Glenwood Academy has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The rating is driven entirely by the organization’s performance related to financial metrics, with notable scores in areas such as board independence, conflict of interest policies, and effective financial oversight. The absence of material asset diversions enhances its credibility among potential donors.
Strengths of Glenwood Academy include a highly independent board composed of 25 members, comprehensive financial policies, and a solid fundraising efficiency ratio. The organization demonstrates good financial health, evidenced by a favorable liabilities-to-assets ratio and a significant working capital ratio, suggesting that it is well-positioned to carry out its mission over the long term. However, the program expense ratio indicates that a portion of funds may not be allocated solely to programs, leaving room for improvement in this area.
While user reviews from GreatNonprofits could not be fetched, Glenwood Academy stands out for its robust financial practices and governance, although potential donors might seek additional insights into its programmatic impacts and community engagement. Overall, it appears to be a trustworthy organization for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Glenwood Academy legitimate?
Glenwood Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glenwood 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: $686,645
Professional Fundraising Fees: $0
Other Salaries and Wages: $515,948
For more financial information, click here
Official website here: www.glenwoodacademy.org
What is the mission statement of Glenwood Academy?
Glenwood Academy's mission is centered around eradicating poverty, injustice, and inequality. They achieve this goal through the power of residential education, providing a high-quality educational and residential program for students from lower-income and single-parent families. The academy offers a positive alternative for these students, who may be facing challenges at home or in their communities that hinder their potential. The residential education program is designed for students in Grades 2-8, aiming to provide them with the necessary tools and support to thrive.
Official website here: www.glenwoodacademy.org
Who is the CEO of Glenwood Academy?
Mary Hollie is the Immediate Past Chairman of Glenwood Academy. The CEO's salary of Glenwood Academy is $359,737 and their total compensation is $379,737.
Official website here: www.glenwoodacademy.org
What is the revenue of Glenwood Academy?
Glenwood Academy's revenue in 2022 was $8,390,135.
Official website here: www.glenwoodacademy.org
Who are the executives of Glenwood Academy and what are their salaries?
The average compensation at Glenwood Academy during 2022 was $12,794. There are 94 employees and 94 volunteers at Glenwood Academy.
Here are 28 key members and their salaries (Glenwood Academy's CEO's salary is $359,737 and their total compensation is $379,737):
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Official website here: www.glenwoodacademy.org
Where can I find the form 990 for Glenwood Academy?
Glenwood Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.glenwoodacademy.org
Learn more at the official website: www.glenwoodacademy.org
Mission Statement of Glenwood Academy
Glenwood Academy, a nonprofit organization, aims to eradicate poverty, injustice, and inequality by leveraging the power of residential education. The institution provides a high-quality educational and residential program for students from lower-income and single-parent families. Its mission is to serve as a positive alternative for these students, who may be struggling with challenging home and community situations that hinder their potential for growth and success. By offering a nurturing and supportive environment, Glenwood Academy seeks to empower its students to overcome their circumstances and reach their full potential.
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Impact
October, 2024
Glenwood Academy significantly impacts the lives of students from lower-income and single-parent families by providing a high-quality education and a supportive residential program. Catering to students in grades 2-8, the academy creates a positive environment that serves as a vital alternative to challenging home and community situations that may hinder their growth and potential.
By focusing on educational excellence and personal development, Glenwood Academy empowers students to overcome poverty, injustice, and inequality. The structured residential setting fosters not only academic success but also social and emotional well-being, enabling youth to thrive and aspire to greater opportunities. The inclusive and nurturing atmosphere cultivates resilience, self-confidence, and a sense of community, ultimately transforming lives and helping students realize their full potential.
This information is meant to be a general summary of Glenwood 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.
- Investment Income: $833,852
- Gross Receipts: $29,699,084
Assets and Liabilities:
- Total Assets: $83,705,168
- Total Liabilities: $18,245,868
- Net Assets: $65,459,300
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Organization Details
Founding Year
1887
Phone
(708) 756-5430Principal Officer
Mary Hollie
Main Address
500 W 187TH ST, GLENWOOD, IL, 60425
Website
www.glenwoodacademy.orgNTEE Category
Code: B200 - Education
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