Overview
What is Independent Scholastic Association Inc?
Independent Scholastic Association Inc is a nonprofit organization situated in Menomonee Falls, Wisconsin. The primary focus of this organization is operating The Aquinas Academy, a Christian-based school catering to students from pre-kindergarten to eighth grade. The Aquinas Academy offers distinctive educational opportunities, making it a tuition-based school. The Independent Scholastic Association Inc, as a nonprofit corporation, ensures that these unique learning experiences are accessible to its students, promoting academic growth in a faith-based environment. With a workforce of around 30 individuals, the organization is committed to providing quality education and fostering a nurturing learning environment.
Official website here: www.aquinasacademy.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star rating.
The Independent Scholastic Association Inc has achieved a solid three-star rating primarily based on its financial accountability and transparency. With a score of 88% for Accountability & Finance, the organization demonstrates a commitment to responsible fiscal management and has implemented various policies such as conflict of interest and whistleblower protections, which contribute to its credibility.
Strengths of the organization include a high program expense ratio of 86.24%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the association has established a comprehensive financial oversight structure, as reflected in its audit committee's performance and the absence of any material diversion of assets.
However, the organization has some limitations, particularly concerning the composition of its board. Only 42% of its board members are independent, which could raise concerns about governance and oversight. These factors may warrant further evaluation by potential donors and stakeholders interested in the association's overall governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Independent Scholastic Association Inc legitimate?
Independent Scholastic Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent Scholastic Association 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: $72,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $800,463
For more financial information, click here
Official website here: www.aquinasacademy.com
What is the mission statement of Independent Scholastic Association Inc?
The Independent Scholastic Association Inc is a nonprofit organization that operates the Aquinas Academy. The Aquinas Academy is a tuition-based school that provides unique education opportunities for students from pre-kindergarten to eighth grade. The mission of the Independent Scholastic Association Inc, through the Aquinas Academy, is to offer a Christian-based educational environment that caters to this age group. The organization aims to provide a well-rounded education, focusing on the intellectual, moral, and spiritual growth of its students. The Aquinas Academy strives to foster an inclusive and supportive learning environment, preparing its students for their future academic and personal endeavors.
Official website here: www.aquinasacademy.com
Who is the CEO of Independent Scholastic Association Inc?
Peter Hundt is the President And Treasurer of Independent Scholastic Association Inc.
Official website here: www.aquinasacademy.com
What is the revenue of Independent Scholastic Association Inc?
Independent Scholastic Association Inc's revenue in 2022 was $2,012,212.
Official website here: www.aquinasacademy.com
Who are the executives of Independent Scholastic Association Inc and what are their salaries?
The average compensation at Independent Scholastic Association Inc during 2022 was $29,115. There are 30 employees and 24 volunteers at Independent Scholastic Association Inc.
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- Compensation: $72,975
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Official website here: www.aquinasacademy.com
Where can I find the form 990 for Independent Scholastic Association Inc?
Independent Scholastic Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aquinasacademy.com
Learn more at the official website: www.aquinasacademy.com
Mission Statement of Independent Scholastic Association Inc
Independent Scholastic Association Inc, a nonprofit corporation, is dedicated to providing distinctive educational opportunities for students from pre-kindergarten to eighth grade. This mission is carried out through the operation of the Aquinas Academy, a tuition-based school. The Aquinas Academy, with a Christian-based approach, offers an exceptional learning environment for students in this age group. This organization aims to provide a comprehensive educational experience that goes beyond the traditional curriculum, ensuring each student's unique needs are catered to.
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Impact
July, 2024
Independent Scholastic Association Inc, operating The Aquinas Academy, is making a significant impact by offering unique education opportunities for pre-kindergarten through eighth grade students. The Christian-based school in Menomonee Falls, WI, provides a specialized and tuition-based educational environment that caters to the holistic development of students within this age group. By focusing on personalized instruction and values-based learning, Independent Scholastic Association Inc is shaping the future of young learners and contributing to the educational landscape in the region.
This information is meant to be a general summary of Independent Scholastic Association 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 2022.
- Investment Income: $23
- Program Service Revenue: $1,130,521
- Gross Receipts: $2,079,706
Assets and Liabilities:
- Total Assets: $8,325,358
- Total Liabilities: $2,377,238
- Net Assets: $5,948,120
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL CHOICE INCOME
Revenue
$575,184
TUITION
Revenue
$515,178
BOOK FEES
Revenue
$28,993
OTHER PROGRAM REVENUE
Revenue
$9,666
ADVERTISING
Revenue
$1,500
Organization Details
Founding Year
1991
Phone
(262) 784-1337Principal Officer
Peter Hundt
Main Address
N72 W15935 GOOD HOPE RD, MENOMONEE FALLS, WI, 530514549
Website
www.aquinasacademy.comNTEE Category
Code: B24 - Education
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