Overview
What is Plato Academy Incorporated?
Plato Academy Incorporated is a nonprofit organization dedicated to the education of 52 students, focusing on elementary education, religious studies, and cultural enrichment. Their primary objective is to foster a deeper understanding and appreciation of Greek heritage, religion, and language. The academy provides a nurturing environment where students can expand their knowledge and awareness in these areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Plato Academy Incorporated has received a One-Star rating from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The overall score of 50% reflects a lack of transparency in financial reporting, as the organization has not made its financial statements available. While the organization boasts an entirely independent board, there are multiple missing governance documents that hinder its accountability profile.
Despite these shortcomings, the organization does demonstrate a strong commitment to its mission, with a commendable program expense ratio of 72.29%, suggesting that a significant portion of its budget is directed toward programs and services. This positive aspect is overshadowed by its poor compliance with best practices for nonprofit transparency, including missing conflict of interest and whistleblower policies.
The significant liabilities to assets ratio of 82.86% raises further red flags regarding the organization's financial health. Overall, while Plato Academy Incorporated is making efforts in its programming, it faces serious challenges related to governance and financial transparency that potential donors and stakeholders should carefully consider.
This AI summary has been generated from information found on Charity Navigator.
Is Plato Academy Incorporated legitimate?
Plato Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plato Academy Incorporated 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: $29,832
Professional Fundraising Fees: $0
Other Salaries and Wages: $451,710
For more financial information, click here
What is the mission statement of Plato Academy Incorporated?
Plato Academy Incorporated's mission is centered around providing elementary education, with a focus on religious and cultural teachings. The primary goal is to enhance the students' understanding and appreciation of Greek heritage and religion, as well as the Greek language. The academy aims to foster an educational environment that broadens the students' knowledge and awareness.
Who is the CEO of Plato Academy Incorporated?
Marianthi Koritsaris is the Director of Plato Academy Incorporated.
What is the revenue of Plato Academy Incorporated?
Plato Academy Incorporated's revenue in 2022 was $914,603.
Who are the executives of Plato Academy Incorporated and what are their salaries?
The average compensation at Plato Academy Incorporated during 2022 was $22,931. There are 21 employees at Plato Academy Incorporated.
Here are 3 key members and their salaries:
- Compensation: $29,117
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Plato Academy Incorporated?
Plato Academy Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plato Academy Incorporated
Plato Academy Incorporated is dedicated to providing elementary education with a distinctive focus on religious and cultural instruction. Their mission is to nurture the growth and understanding of 52 students, fostering an appreciation for Greek heritage, religion, and language. By offering a comprehensive educational program, Plato Academy Incorporated seeks to expand the knowledge and awareness of its students, empowering them with a deep-rooted sense of their cultural heritage.
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Impact
October, 2024
Plato Academy Incorporated significantly impacts the community by providing specialized education focused on Greek heritage, religion, and language. By serving 52 students, the Academy fosters a deep understanding and appreciation of Greek culture and traditions. This educational approach not only enhances academic knowledge but also instills a sense of cultural identity and pride among the students. Through elementary, religious, and cultural education, Plato Academy nurtures young minds, preparing them to engage with their heritage meaningfully while contributing positively to the wider community in Des Plaines, IL. The emphasis on cultural awareness helps preserve the richness of Greek traditions, ensuring they continue to thrive in future generations.
This information is meant to be a general summary of Plato Academy Incorporated. 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.
- Program Service Revenue: $691,841
- Gross Receipts: $914,603
Assets and Liabilities:
- Total Assets: $1,967,051
- Total Liabilities: $1,756,694
- Net Assets: $210,357
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION
Revenue
$691,841
Organization Details
Founding Year
2001
Phone
(630) 440-4739Principal Officer
Marianthi Koritsaris
Main Address
915 LEE STREET, DES PLAINES, IL, 600166580
NTEE Category
Code: B24 - Education
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