Overview
What is Cologne Academy?
Cologne Academy is a nonprofit educational institution situated in the rural area of Cologne, Minnesota. With a strong commitment to knowledge and character development, the academy offers a content-rich education to its students, utilizing the Core Knowledge Sequence and classical curriculum. Established in 2008-2009, the academy has expanded its grade levels, starting with K-5 and gradually incorporating 6th, 7th, and 8th grades by 2012. The academy boasts a community-oriented approach, promoting small class sizes, fostering close collaboration between students, parents, and teachers, and ultimately encouraging accelerated academic achievements and robust character development. As of the 2021-2022 school year, the academy served approximately 654 students, and its dedicated workforce of 151 employees plays an essential role in achieving its mission.
Official website here: www.cologneacademy.org
What are the reviews and ratings of this charity?
Cologne Academy has received a Three-Star out of Four Star rating from Charity Navigator with an overall score of 81%, primarily based on its Accountability & Finance metrics. The organization demonstrates strong governance with a high percentage of independent board members and a robust audit and oversight committee. Key financial metrics, such as the program expense ratio, indicate that a significant portion of its resources is devoted to its mission.
While Cologne Academy showcases solid practices in accountability and transparency, the rating is affected by the missing tax form on its website, which contributes to a lower score in that area. Despite this, the organization maintains policies for conflict of interest, whistleblower protections, and document retention, reflecting its commitment to ethical governance.
User reviews from GreatNonprofits could not be accessed at this time, so additional community feedback is not available. Overall, Cologne Academy exhibits organizational strengths in accountability but has areas for improvement in documentation and public information accessibility.
This AI summary has been generated from information found on Charity Navigator.
Is Cologne Academy legitimate?
Cologne Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cologne 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: $299,678
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,704,495
For more financial information, click here
Official website here: www.cologneacademy.org
What is the mission statement of Cologne Academy?
The Cologne Academy's mission is to offer a comprehensive education to students, focusing on both academic achievement and character development. This is achieved through the use of a solid educational foundation, the Core Knowledge Sequence, and a classical curriculum. The academy is committed to maintaining a community school with small class sizes, encouraging collaboration between students, parents, and teachers to foster accelerated academic progress and strong character development.
Official website here: www.cologneacademy.org
Who is the CEO of Cologne Academy?
Lynn Gluck Peterson is the Chair of Cologne Academy.
Official website here: www.cologneacademy.org
What is the revenue of Cologne Academy?
Cologne Academy's revenue in 2022 was $10,794,187.
Official website here: www.cologneacademy.org
Who are the executives of Cologne Academy and what are their salaries?
The average compensation at Cologne Academy during 2022 was $33,140. There are 151 employees and 100 volunteers at Cologne Academy.
Here are 11 key members and their salaries:
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- Compensation: $58,153
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- Other: $5,286
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- Compensation: $150,241
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- Other: $13,354
- Compensation: $60,730
- Related: $0
- Other: $5,332
- Compensation: $90,371
- Related: $0
- Other: $13,031
- Compensation: $60,033
- Related: $0
- Other: $10,142
Official website here: www.cologneacademy.org
Where can I find the form 990 for Cologne Academy?
Cologne Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cologneacademy.org
Learn more at the official website: www.cologneacademy.org
Mission Statement of Cologne Academy
Cologne Academy, a nonprofit institution, is dedicated to providing a well-rounded education for its students in rural areas. The academy's mission is threefold. Firstly, it aims to deliver a comprehensive curriculum based on a strong foundation of knowledge, using the Core Knowledge Sequence and classical curriculum. Secondly, Cologne Academy aspires to create a community-oriented school environment with small class sizes. This setting encourages a collaborative relationship between students, parents, and teachers, fostering an environment conducive to accelerated academic achievement and robust character development. Lastly, the academy is committed to promoting a sense of community and shared responsibility, where everyone works towards nurturing the students' academic growth and personal development.
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Impact
July, 2024
Cologne Academy's impact is evident in the academic achievements and character development of its students in Cologne and the surrounding rural areas. By providing a content-rich education based on a strong foundation of knowledge through the Core Knowledge Sequence and classical curriculum, the school has empowered its students to excel academically. Additionally, the school's commitment to small class sizes and fostering collaboration among students, parents, and teachers has contributed to accelerated academic achievement and the cultivation of strong character traits among the student body. The growth of Cologne Academy from offering grades K-5 in 2008 to serving students up to 8th grade demonstrates its dedication to providing a comprehensive and enriching educational experience to the community.
This information is meant to be a general summary of Cologne 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: $32,958
- Program Service Revenue: $446,456
- Gross Receipts: $10,799,370
Assets and Liabilities:
- Total Assets: $9,289,670
- Total Liabilities: $10,238,828
- Net Assets: -$949,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM PATRONS
Revenue
$311,986
MEDICAL ASSISTANCE REVENUE
Revenue
$127,542
FOOD SERVICE REVENUE
Revenue
$6,265
TUITION REVENUE
Revenue
$663
Organization Details
Founding Year
2007
Phone
(952) 466-2276Principal Officer
Lynn Gluck Peterson
Main Address
1221 S VILLAGE PKWY PO BOX 120, COLOGNE, MN, 55322
Website
www.cologneacademy.orgNTEE Category
Code: B29 - Education
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