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Phalen Leadership Academy - Indiana

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364729586 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Phalen Leadership Academy - Indiana?

The Phalen Leadership Academy in Indiana is a nonprofit institution committed to educating future leaders based on exceptional teaching, partnerships with parents, innovative technology use, and differentiated instruction. With 374 employees, they aim to ensure each scholar enrolled achieves high academic and social standards, thriving as leaders in their communities and the world. The ultimate goal is for scholars to master key academic skills and demonstrate strong character, as expressed through honesty, service to others, a superior work ethic, and a strong vision for their futures.


Official website here: www.phalenacademies.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

Phalen Leadership Academy in Indiana has received a Three-Star rating from Charity Navigator, indicating a solid performance in Accountability & Finance. The organization demonstrates strong governance with 80% of its board members being independent, and it has implemented various policies such as conflict of interest and whistleblower protections. These factors contribute positively to its accountability score.

While the organization excels in several areas, including a good program expense ratio of 71.70%, it faces challenges in fundraising efficiency and its working capital ratio, which stands at only 0.31 years. These issues suggest that while the academy is managing its programs effectively, it may need to enhance its fundraising strategies and financial stability to ensure long-term viability.

Overall, Phalen Leadership Academy is recognized for its transparency and strong financial oversight, yet it has room for improvement in financial metrics related to fundraising and asset management. Stakeholders may find comfort in its commitment to accountability, even as they consider the areas needing attention.


This AI summary has been generated from information found on Charity Navigator.

Is Phalen Leadership Academy - Indiana legitimate?

Phalen Leadership Academy - Indiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phalen Leadership Academy - Indiana 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: $259,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,167,005

For more financial information, click here


Official website here: www.phalenacademies.org

What is the mission statement of Phalen Leadership Academy - Indiana?

The Phalen Leadership Academy in Indiana aims to ensure that each enrolled scholar reaches high academic and social standards, thriving as leaders in their personal lives, communities, and the world. Their ultimate goal is for each scholar to master essential academic skills and exhibit strong character traits such as honesty, service to others, a superior work ethic, and a vision for their future. The academy is committed to shaping well-rounded individuals who can make a positive impact on their communities and beyond.


Official website here: www.phalenacademies.org

Who is the CEO of Phalen Leadership Academy - Indiana?

Earl Martin Phalen is the Director of Phalen Leadership Academy - Indiana. The CEO's salary of Phalen Leadership Academy - Indiana is $0 and their total compensation is $369,399.


Official website here: www.phalenacademies.org

What is the revenue of Phalen Leadership Academy - Indiana?

Phalen Leadership Academy - Indiana's revenue in 2022 was $39,570,152.


Official website here: www.phalenacademies.org

Who are the executives of Phalen Leadership Academy - Indiana and what are their salaries?

The average compensation at Phalen Leadership Academy - Indiana during 2022 was $41,247. There are 374 employees at Phalen Leadership Academy - Indiana.


Here are 7 key members and their salaries (Phalen Leadership Academy - Indiana's CEO's salary is $0 and their total compensation is $369,399):


Kristopher Kingery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlin Jackson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earl Martin Phalen (Director/Ceo)
  • Compensation: $0
  • Related: $362,250
  • Other: $7,149
Jim Phalen (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Fernando Reimers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Fama (Regional Director)
  • Compensation: $147,981
  • Related: $0
  • Other: $6,340
Tora Townsend (Principal)
  • Compensation: $107,346
  • Related: $0
  • Other: $5,121


Official website here: www.phalenacademies.org

Where can I find the form 990 for Phalen Leadership Academy - Indiana?

Phalen Leadership Academy - Indiana's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.phalenacademies.org

Learn more at the official website: www.phalenacademies.org

Mission Statement of Phalen Leadership Academy - Indiana

Phalen Leadership Academy in Indiana is dedicated to ensuring each enrolled scholar reaches and maintains high academic and social standards. The ultimate objective is for each scholar to not only master essential academic skills but also demonstrate strong character traits. These traits include honesty, a commitment to serving others, a superior work ethic, and a clear vision and belief in their futures. By fostering these qualities, Phalen Leadership Academy aims to nurture leaders who thrive in their homes, communities, and the world. The academy's mission is to provide an environment that encourages personal growth and academic success, instilling a sense of responsibility and a strong belief in each scholar's potential.

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Impact




October, 2024

Phalen Leadership Academy - Indiana significantly impacts students' educational experiences by ensuring they meet high academic and social standards. The institution focuses on developing future leaders who not only master key academic skills but also embody strong character traits such as honesty, a commitment to service, a superior work ethic, and a positive vision for their futures.

The Academy employs exceptional teachers and school leaders who are dedicated to fostering a supportive and enriching learning environment. By forming strong partnerships with parents, Phalen Leadership Academy engages families in the educational process, which enhances student success. The innovative use of technology supplements traditional teaching methods, allowing for a more dynamic and interactive classroom experience.

Moreover, the Academy emphasizes differentiated instruction and ongoing assessment, tailoring education to meet the individual needs of each scholar. This approach not only supports academic performance but also prepares students to thrive as leaders in their homes, communities, and the wider world. Through these comprehensive strategies, Phalen Leadership Academy is committed to nurturing well-rounded individuals ready to contribute positively to society.




This information is meant to be a general summary of Phalen Leadership Academy - Indiana. 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.

Revenue
$39,570,152 (2022)
Expenses
$36,626,589 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $63
  • Program Service Revenue: $14,337,802
  • Gross Receipts: $39,570,152

Assets and Liabilities:

  • Total Assets: $22,278,820
  • Total Liabilities: $10,201,622
  • Net Assets: $12,077,198

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

STUDENT EDUCATION

Revenue

$14,337,802

Organization Details

Founding Year

2012

Principal Officer

Earl Martin Phalen

Main Address

2323 NORTH ILLINOIS STREET, INDIANAPOLIS, IN, 46208

NTEE Category

Code: B29 - Education

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