Overview
What is New Life Academy Educational Foundation Inc?
New Life Academy Educational Foundation Inc is a nonprofit organization, headquartered in Woodbury, Minnesota, with the primary objective of supporting the educational ventures of New Life Academy. This school serves a sizable student body, ranging from pre-kindergarten to 12th grade. The foundation's purpose is multifaceted, encompassing fundraising efforts to cover ongoing expenses, capital expenditures, and future scholarship opportunities. All proceeds from these initiatives are channeled towards expanding and enhancing the educational infrastructure of New Life Academy. The foundation is fully accredited by the North Central Association of Colleges and Schools, testifying to its commitment to providing quality education.
Official website here: www.newlifeacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
New Life Academy Educational Foundation Inc has achieved an overall rating of 88%, indicating a strong level of accountability and financial health. The organization boasts a fully independent board, with 100% of its members being independent, which is a positive sign of governance. Additionally, it has a solid financial statements oversight system, demonstrated by a perfect score in its audit and oversight committee.
The foundation shows a commendable program expense ratio of 79.39%, suggesting that the majority of its expenditures are directed toward its programs rather than administrative costs. However, there are notable gaps in its policies; specifically, it lacks a whistleblower policy and a document retention and destruction policy, which are essential for ensuring transparency and accountability. Furthermore, the absence of the tax form on the nonprofit's website could hinder public trust.
Overall, while the New Life Academy Educational Foundation Inc demonstrates strong governance and financial management, addressing its policy deficiencies would enhance its credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Life Academy Educational Foundation Inc?
92% of 56 reviewers on Facebook recommend New Life Academy Educational Foundation Inc. Here is a summary of their reviews:
Many reviewers emphasize the organization’s commitment to Christian education and its innovative approach to learning through its STEAM initiative. They appreciate the modern facilities and the supportive atmosphere that allows students to discover and nurture their unique talents. The foundation is viewed as a nurturing environment where education is not only relevant but also aligned with the values upheld by the community.
Overall, the strong recommendation rate reflects satisfaction with the services provided, as users feel that New Life Academy genuinely meets the educational needs of its students while fostering a sense of belonging and encouragement.
This AI summary has been generated from reviews found on Facebook.
Is New Life Academy Educational Foundation Inc legitimate?
New Life Academy Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Academy Educational Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newlifeacademy.org
What is the mission statement of New Life Academy Educational Foundation Inc?
The New Life Academy Educational Foundation's mission is centered around supporting the educational endeavors of New Life Academy. In essence, the foundation aims to contribute financially to the school, helping cover ongoing expenses, capital investments, and future scholarship opportunities. The funds raised by the foundation are primarily allocated towards the expansion and growth of New Life Academy, which is a pre-kindergarten to 12th grade institution. The foundation is fully accredited by the North Central Association of Colleges and Schools, ensuring high-quality education for the several hundred students enrolled in the school.
Official website here: www.newlifeacademy.org
Who is the CEO of New Life Academy Educational Foundation Inc?
Melissa Porter is the Finance Director of New Life Academy Educational Foundation Inc.
Official website here: www.newlifeacademy.org
What is the revenue of New Life Academy Educational Foundation Inc?
New Life Academy Educational Foundation Inc's revenue in 2022 was $1,059,574.
Official website here: www.newlifeacademy.org
Who are the executives of New Life Academy Educational Foundation Inc and what are their salaries?
There 5 volunteers at New Life Academy Educational Foundation Inc.
Here are 19 key members and their salaries:
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- Other: $17,875
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Official website here: www.newlifeacademy.org
Where can I find the form 990 for New Life Academy Educational Foundation Inc?
New Life Academy Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newlifeacademy.org
Learn more at the official website: www.newlifeacademy.org
Mission Statement of New Life Academy Educational Foundation Inc
New Life Academy Educational Foundation is a nonprofit organization dedicated to advancing the educational pursuits of New Life Academy. Their primary mission is to provide financial support for the school's ongoing expenses, capital projects, and future scholarship opportunities. By raising funds, the foundation aims to contribute to the expansion and growth of New Life Academy, a pre-kindergarten to 12th grade institution that is fully accredited by the North Central Association of Colleges and Schools. The foundation's contributions play a significant role in ensuring the school's continued success and ability to provide quality education to its several hundred students.
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Impact
July, 2024
New Life Academy Educational Foundation Inc's impact is evident in its tangible support for the educational endeavors of New Life Academy in Woodbury, MN. By raising funds for the school to assist with ongoing expenses, capital investments, and future scholarship opportunities, the foundation plays a crucial role in facilitating the growth and expansion of the academy. With a focus on providing a quality education for several hundred students from pre-kindergarten to 12th grade, the foundation's efforts ultimately contribute to the academic success and development of young learners.
This information is meant to be a general summary of New Life Academy Educational Foundation 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: $11,739
- Gross Receipts: $1,202,132
Assets and Liabilities:
- Total Assets: $2,416,381
- Total Liabilities: $2,068
- Net Assets: $2,414,313
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Organization Details
Founding Year
1998
Phone
(651) 459-4121Principal Officer
Melissa Porter
Main Address
6758 Bailey Road, Woodbury, MN, 551292506
Website
www.newlifeacademy.orgNTEE Category
Code: B112 - Education
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