Overview
What is Steam Academy Of Warren?
Steam Academy of Warren is a nonprofit organization located at 216 Elm Rd NE, Warren, OH 44483. Established under Chapter 1702 of the Ohio Revised Code, its primary objective is to operate a charter school within the state, benefiting the local community's children. The organization, following the guidelines of IRC 501c3, primarily focuses on providing educational opportunities to students in grades K-8 through instructional services. By doing so, Steam Academy of Warren contributes to promoting educational choice within the community it serves.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Needs Improvement (67%, Two-Star out of Four Star rating)
Steam Academy of Warren has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some positive governance practices, significant concerns remain regarding its financial health. The organization excels in areas such as having an independent board and proper oversight of financial statements, achieving full points in those categories. Their policies on conflict of interest, whistleblowing, and document retention are well-documented, contributing to their accountability score.
However, the organization faces critical challenges, particularly in financial management. With a program expense ratio of 100%, it appears to allocate all its resources directly to programs. Nonetheless, the alarming liabilities to assets ratio of 145.60% and a negative working capital ratio signal potential financial instability. Additionally, the organization has not generated any fundraising efficiency, which raises concerns about its sustainability and ability to fund its operations moving forward.
In summary, while Steam Academy of Warren has strong governance practices in place, its financial structure poses serious challenges. Stakeholders and potential donors should consider these financial indicators and the overall rating before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Steam Academy Of Warren legitimate?
Steam Academy Of Warren is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steam Academy Of Warren 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: $1,354,526
For more financial information, click here
What is the mission statement of Steam Academy Of Warren?
The Steam Academy of Warren was established with the primary purpose of offering educational choices to students and their families in the community. As per its Articles of Incorporation, the organization's mission is to operate a charter school in Ohio, benefiting children, and engaging in activities that align with the provisions of Section 501c3 of the Internal Revenue Code. The academy's operations are aimed at providing instructional services to enrolled students from Grades K-8.
Who is the CEO of Steam Academy Of Warren?
C David Massa is the Board Member of Steam Academy Of Warren.
What is the revenue of Steam Academy Of Warren?
Steam Academy Of Warren's revenue in 2022 was $3,999,737.
Who are the executives of Steam Academy Of Warren and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,125
- Related: $0
- Other: $0
Where can I find the form 990 for Steam Academy Of Warren?
Steam Academy Of Warren's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Steam Academy Of Warren
Steam Academy of Warren, as a nonprofit organization, was established with a primary objective to offer educational choices to the students and families within its community. The organization primarily focuses on providing instructional services to students enrolled in grades K-8. In accordance with its Articles of Incorporation, the mission of Steam Academy of Warren is to serve the community's children and engage in activities that align with the guidelines set out in Chapter 1702 of the Ohio Revised Code, falling under the 501c3 category of the Internal Revenue Code. The organization's mission is to establish and manage a charter school, aiming to benefit the community's children, while also engaging in activities that further enhance and support this primary purpose.
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Impact
July, 2024
Steam Academy of Warren's impact is evident in the educational opportunities it provides to students and families in the community. By offering a choice in education through its charter school program for students in Grades K-8, the academy plays a crucial role in shaping the academic development and future prospects of the children in Warren, Ohio. Through its commitment to educational excellence and innovation, Steam Academy of Warren contributes to the overall growth and success of its students, preparing them for a bright future.
This information is meant to be a general summary of Steam Academy Of Warren. 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.
- Gross Receipts: $3,999,737
Assets and Liabilities:
- Total Assets: $1,959,450
- Total Liabilities: $3,607,674
- Net Assets: -$1,648,224
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Organization Details
Founding Year
2013
Principal Officer
C David Massa
Main Address
216 Elm Rd NE, Warren, OH, 44483
NTEE Category
Code: B24 - Education
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