Overview
What is Acero Charter Schools Inc?
Acero Charter Schools Inc, located at 18 S Michigan Avenue 900 in Chicago, Illinois, is a nonprofit organization that provides educational opportunities for approximately 6,566 students in kindergarten through high school. The organization operates 13 elementary and 3 high schools. Acero's mission is to transform lives through academic empowerment and success. They offer educational programs and community services to inspire the next generation of lifelong learners, discerners, and doers. Acero Charter Schools Inc employs 867 individuals, dedicated to making a difference in the lives of their students.
Official website here: www.aceroschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Acero Charter Schools Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and financial practices. The organization’s score is primarily based on its accountability and finance metrics, indicating its commitment to transparency and responsible management of resources. With a fiscal year 2023 score of 88%, Acero demonstrates effective governance through an entirely independent board and comprehensive financial oversight.
Strengths highlighted in the data include a high program expense ratio of 93.79%, which suggests that a significant portion of resources is directed toward its educational programs rather than administrative costs. Additionally, the organization has established various policies such as conflict of interest and whistleblower protections, further enhancing its governance framework and ensuring ethical practices.
However, one area noted for improvement is the liabilities to assets ratio, which stands at 60.38%. While this is not a red flag, it indicates that the organization carries a significant amount of liabilities relative to its assets, which may warrant closer monitoring in future evaluations. Overall, Acero Charter Schools Inc presents as a responsible nonprofit with a strong emphasis on its educational mission and solid financial practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Acero Charter Schools Inc?
88% of 35 reviewers on Facebook recommend Acero Charter Schools Inc. Here is a summary of their reviews:
Many parents appreciate the engaging activities and resources available at various Acero schools, highlighting the positive experiences their children are having. However, there is some concern about consistency across locations, as noted by a reviewer who expressed disappointment with the offerings at Robert Clemente, feeling it is not on par with other Acero schools.
Overall, supporters are pleased with the educational environment and opportunities provided by Acero Charter Schools, but there is a call for more equitable experiences among their different campuses.
This AI summary has been generated from reviews found on Facebook.
Is Acero Charter Schools Inc legitimate?
Acero Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acero Charter Schools Inc 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: $1,115,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,972,983
For more financial information, click here
Official website here: www.aceroschools.org
What is the mission statement of Acero Charter Schools Inc?
Acero Charter Schools Inc is dedicated to empowering young minds through quality education, transforming them into lifelong learners, discerners, and doers. The organization provides educational opportunities that will launch the next generation, nurturing students from kindergarten to high school, serving a total of 6,566 students. With a vision to enhance academic growth, Acero Charter Schools aims to foster success in every student, enabling them to reach their full potential and make a positive impact in their communities.
Official website here: www.aceroschools.org
Who is the CEO of Acero Charter Schools Inc?
Richard L Rodriguez is the Chairwoman of Acero Charter Schools Inc. The CEO's salary of Acero Charter Schools Inc is $260,000 and their total compensation is $298,640.
Official website here: www.aceroschools.org
What is the revenue of Acero Charter Schools Inc?
Acero Charter Schools Inc's revenue in 2023 was $124,373,152.
Official website here: www.aceroschools.org
Who are the executives of Acero Charter Schools Inc and what are their salaries?
The average compensation at Acero Charter Schools Inc during 2023 was $69,306. There are 867 employees and 61 volunteers at Acero Charter Schools Inc.
Here are 21 key members and their salaries (Acero Charter Schools Inc's CEO's salary is $260,000 and their total compensation is $298,640):
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- Compensation: $260,000
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- Other: $38,640
- Compensation: $182,070
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- Other: $37,762
- Compensation: $178,500
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- Compensation: $182,070
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- Compensation: $182,070
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- Compensation: $159,181
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- Compensation: $150,436
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- Other: $15,870
- Compensation: $152,298
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- Other: $26,013
- Compensation: $182,070
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- Other: $16,144
- Compensation: $150,426
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- Other: $5,885
Official website here: www.aceroschools.org
Where can I find the form 990 for Acero Charter Schools Inc?
Acero Charter Schools Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aceroschools.org
Learn more at the official website: www.aceroschools.org
Mission Statement of Acero Charter Schools Inc
Acero Charter Schools Inc, a renowned educational institution, is dedicated to delivering academic empowerment and ensuring the success of young learners in Kindergarten through High School. With a vision to launch the next generation of extraordinary lifelong learners, discerners, and doers, Acero transforms minds through the provision of educational opportunities.
Through its 13 elementary and 3 high schools, Acero serves a student body of 6,566, nurturing their growth and development. The organization's mission is to provide a robust educational experience, equipping students with the necessary skills and knowledge to succeed both academically and in life. By offering a supportive learning environment, Acero encourages students to unleash their potential and explore their passions, ultimately fostering a love for learning that lasts a lifetime.
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Impact
October, 2024
Acero Charter Schools Inc significantly impacts the educational landscape in Chicago by providing opportunities for K-12 students. With a focus on academic empowerment, Acero serves over 6,500 students across 13 elementary schools and 3 high schools. The organization aims to transform young minds, fostering extraordinary lifelong learners who are equipped to navigate and contribute to the world around them.
By offering a comprehensive curriculum and support systems, Acero not only enhances academic achievement but also instills values such as discernment and action in its students. The schools are dedicated to creating a nurturing environment that promotes both personal and academic success, preparing students to become engaged and informed citizens. Through its mission, Acero plays a crucial role in shaping the futures of its students and the broader community by emphasizing education as a powerful tool for social change and personal growth.
This information is meant to be a general summary of Acero Charter Schools Inc. 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 2023.
- Investment Income: $682,795
- Program Service Revenue: $107,956
- Gross Receipts: $128,719,732
Assets and Liabilities:
- Total Assets: $110,284,206
- Total Liabilities: $66,591,684
- Net Assets: $43,692,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$107,956
Organization Details
Founding Year
1997
Phone
(312) 637-3900Principal Officer
Richard L Rodriguez
Main Address
18 S MICHIGAN AVENUE 900, CHICAGO, IL, 60603
Website
www.aceroschools.orgNTEE Category
Code: B29 - Education
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