Overview
What is Elgin Academy?
Elgin Academy is an esteemed, independent, college-preparatory day school that caters to students from preschool to grade 12. Situated within a nurturing and dynamic community, the school is dedicated to fostering academic excellence and helping each student reach their full potential. This is achieved through a collaborative partnership between faculty, parents, and students. The school's mission is to provide a challenging yet supportive environment where students gain the necessary knowledge, skills, and attitudes to confidently navigate their future. Elgin Academy is a coeducational institution, recognized for its commitment to diversity and holistic student development.
Official website here: www.elginacademy.org
What are the reviews and ratings of this charity?
Elgin Academy has received an impressive Four-Star out of Four Star rating from Charity Navigator, with an overall score of 91%. This high score reflects the nonprofit's strong performance in Accountability & Finance, the sole metric used for the rating. The organization demonstrates fiscal responsibility with an independent board, effective oversight, and a solid balance between assets and liabilities, although it lacks a posted form 990 on its website.
Strengths include a fully independent board and robust financial practices such as an audit and oversight committee, indicated by high scores in related categories. The majority of board members are independent, which enhances its governance and decision-making processes. Additionally, the organization has implemented essential policies such as conflict of interest and whistleblower protections, contributing to its positive financial management.
However, there are limitations, particularly noted in the Program Expense Ratio and the absence of a posted tax form on its website. While the organization allocates a significant portion of its budget to program expenses, many users may seek further transparency regarding specific financial documents. Overall, Elgin Academy appears to be a well-managed institution committed to accountability, though it could improve its transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Elgin Academy?
96% of 48 reviewers on Facebook recommend Elgin Academy. Here is a summary of their reviews:
The majority of users express a positive sentiment towards the school, highlighting its academic programs and supportive learning environment. Many appreciate the diverse opportunities and the dedication of the faculty. However, there are a few comments reflecting personal challenges with social dynamics, citing incidents where they felt unsupported in difficult situations. Overall, most reviews indicate satisfaction with the education provided and the overall experience at Elgin Academy, despite some negative experiences.
This AI summary has been generated from reviews found on Facebook.
Is Elgin Academy legitimate?
Elgin Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elgin 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: $620,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,668,005
For more financial information, click here
Official website here: www.elginacademy.org
What is the mission statement of Elgin Academy?
Elgin Academy, as a preschool to 12th grade independent college-preparatory day school, is dedicated to promoting academic excellence and fostering the full potential of each of its students. The institution cultivates a collaborative environment between faculty, parents, and students within a nurturing, dynamic, challenging, and diverse community. This partnership enables students to gain the necessary knowledge, skills, and attitudes, empowering them to become intellectually engaged and confident individuals, well-equipped to navigate their places in the world.
Official website here: www.elginacademy.org
Who is the CEO of Elgin Academy?
Alan Scimeca is the Trustee of Elgin Academy.
Official website here: www.elginacademy.org
What is the revenue of Elgin Academy?
Elgin Academy's revenue in 2022 was $8,213,882.
Official website here: www.elginacademy.org
Who are the executives of Elgin Academy and what are their salaries?
The average compensation at Elgin Academy during 2022 was $37,802. There are 87 employees and 100 volunteers at Elgin Academy.
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Official website here: www.elginacademy.org
Where can I find the form 990 for Elgin Academy?
Elgin Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elginacademy.org
Learn more at the official website: www.elginacademy.org
Mission Statement of Elgin Academy
Elgin Academy, a prestigious institution, is dedicated to academic excellence and fostering the complete development of its students. As an independent, college-preparatory, coeducational day school, it caters to pupils from preschool through high school grade 12. The school creates a collaborative atmosphere between faculty, parents, and students, nurturing a dynamic, challenging, and diverse community. This environment encourages students to acquire the essential knowledge, skills, and attitudes required to feel confident and intellectually engaged in their roles within society.
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Impact
October, 2024
Elgin Academy significantly impacts its students and the broader community by fostering a culture of academic excellence and personal growth. As an independent, college-preparatory school for students from preschool through 12th grade, it creates an environment that not only prioritizes rigorous academic standards but also emphasizes the development of each student’s unique potential.
The Academy achieves this through a collaborative approach involving faculty, parents, and students, which nurtures a supportive and diverse community. This engagement ensures that students are equipped with the knowledge, skills, and attitudes necessary to thrive intellectually and personally. The emphasis on confidence and global awareness prepares students to become active, informed members of society, ultimately contributing to a well-rounded community and fostering a new generation of leaders.
By focusing on both academic and personal development, Elgin Academy plays a vital role in shaping the lives of its students and enhancing the educational landscape in Elgin, IL.
This information is meant to be a general summary of Elgin 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: $2,309
- Program Service Revenue: $5,853,881
- Gross Receipts: $8,317,590
Assets and Liabilities:
- Total Assets: $16,000,808
- Total Liabilities: $7,386,857
- Net Assets: $8,613,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$5,552,682
FEES AND AUX. SERVICES
Revenue
$241,756
OTHER INCOME
Revenue
$59,443
Organization Details
Founding Year
1957
Phone
(847) 695-0300Principal Officer
Alan Scimeca
Main Address
350 PARK STREET, ELGIN, IL, 60120
Website
www.elginacademy.orgNTEE Category
Code: B24Z - Education
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