Overview
What is American Quality Schools Corp?
American Quality Schools Corp is a nonprofit organization situated in Downers Grove, Illinois. With a team of 40 dedicated individuals, their primary focus is on managing and operating charter schools. Their mission encompasses providing a comprehensive educational environment for students, ensuring that each educational institution under their management operates efficiently and effectively. The organization's location in Downers Grove, Illinois, underscores its commitment to serving the local community through charter schools.
Official website here: www.aqs.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
American Quality Schools Corp has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates strong governance, with 100% independent board members and excellent oversight practices, as evidenced by a perfect score for its Audit and Oversight Committee. The charity also adheres to critical policies such as conflict of interest and whistleblower guidelines, contributing to its high accountability score.
Despite its strengths, the organization faces challenges related to its financial health, particularly indicated by a liabilities to assets ratio of 109.58%, which suggests potential financial instability. While the program expense ratio is commendable at 78.73%, emphasizing effective resource allocation towards programs, the overall financial structure raises concerns that could affect its operational sustainability in the long term.
In summary, American Quality Schools Corp showcases strong accountability measures and effective governance, yet it must address financial risks to enhance its overall stability and impact. The organization remains a viable option for supporters looking to contribute to educational initiatives, but prospective donors should consider the financial implications highlighted in the ratings.
This AI summary has been generated from information found on Charity Navigator.
Is American Quality Schools Corp legitimate?
American Quality Schools Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Quality Schools Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,344,510
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Official website here: www.aqs.org
What is the mission statement of American Quality Schools Corp?
American Quality Schools Corp is dedicated to overseeing and managing charter schools. Their mission is to contribute to the educational landscape by effectively managing these institutions. They strive to provide quality education and foster an environment conducive to learning within the charter school system. By assuming the operational responsibilities of these schools, they aim to ensure a consistent and effective delivery of education to the students enrolled.
Official website here: www.aqs.org
Who is the CEO of American Quality Schools Corp?
Michael Bakalis is the President of American Quality Schools Corp.
Official website here: www.aqs.org
What is the revenue of American Quality Schools Corp?
American Quality Schools Corp's revenue in 2022 was $2,980,673.
Official website here: www.aqs.org
Who are the executives of American Quality Schools Corp and what are their salaries?
The average compensation at American Quality Schools Corp during 2022 was $33,613. There are 40 employees and 10 volunteers at American Quality Schools Corp.
Here are 9 key members and their salaries:
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- Compensation: $112,504
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Official website here: www.aqs.org
Where can I find the form 990 for American Quality Schools Corp?
American Quality Schools Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aqs.org
Learn more at the official website: www.aqs.org
Mission Statement of American Quality Schools Corp
American Quality Schools Corp is an organization dedicated to the management and operation of charter schools. This mission involves taking on the responsibility of overseeing and running these educational institutions, providing a unique learning environment for students. By doing so, the corporation aims to contribute to the broader education sector, offering alternative educational options to students and families.
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Impact
October, 2024
American Quality Schools Corp significantly impacts the educational landscape by focusing on the organization, management, and operation of charter schools in Downers Grove, Illinois. By ensuring the effective administration of these institutions, they contribute to enhancing educational opportunities and outcomes for students. Their approach prioritizes quality education, innovative teaching methods, and tailored learning environments that cater to diverse student needs.
Through their efforts, they enable increased access to quality education, fostering an environment where students can thrive academically and socially. This translates into better educational performance, higher student engagement, and ultimately, improved prospects for future success in a rapidly changing world. Their work supports community growth and development by cultivating a well-educated populace prepared to meet the challenges of the future.
This information is meant to be a general summary of American Quality Schools Corp. 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: $18,262
- Gross Receipts: $2,980,673
Assets and Liabilities:
- Total Assets: $802,710
- Total Liabilities: $1,169,418
- Net Assets: -$366,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$18,262
Organization Details
Founding Year
1999
Phone
(312) 226-3355Principal Officer
Michael Bakalis
Main Address
1323 BUTTERFIELD RD STE 114, DOWNERS GROVE, IL, 60515
Website
www.aqs.orgNTEE Category
Code: B20 - Education
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