Overview
What is The Iron Academy?
The Iron Academy is a distinguished nonprofit organization situated in Raleigh, North Carolina, specifically at 3510 Edwards Mill Road. Their primary mission is to cultivate young men in the 6th to 12th grades, instilling in them a strong Christian foundation and an exceptional education. This is achieved through a biblically-driven and Christian-focused curriculum, with a goal of nurturing future leaders, instilling self-discipline, and promoting a spirit of service. The Iron Academy employs a team of 16 individuals, committed to shaping the lives of these young men.
Official website here: www.ironacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Iron Academy has received a low score of 54%, indicating significant concerns regarding its accountability and financial management practices. While the organization boasts a fully independent board and no material diversion of assets, it lacks several crucial policies, such as a conflict of interest policy, whistleblower policy, and document retention policy. These deficiencies may undermine transparency and governance.
On a positive note, the Iron Academy allocates a substantial portion of its expenses towards programs, achieving a program expense ratio of 80.72%. This reflects a commitment to directing resources toward its mission. Additionally, the organization has properly documented board meeting minutes, suggesting some level of operational diligence.
However, the high liabilities to assets ratio of 86.42% raises concerns about financial stability, which could affect the organization’s sustainability and effectiveness in the long run. Overall, while there are strengths in certain operational areas, the significant governance shortcomings and financial concerns highlight the need for improvements.
This AI summary has been generated from information found on Charity Navigator.
Is The Iron Academy legitimate?
The Iron Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Iron 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: $92,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,010
For more financial information, click here
Official website here: www.ironacademy.org
What is the mission statement of The Iron Academy?
The Iron Academy's mission is centered around being recognized as a globally esteemed educator, specializing in biblically-inspired and Christian education for young men. The Academy's primary objective is to mold these young men into exceptionally educated individuals, deeply rooted in biblical teachings. This process aims to equip them with essential leadership skills, self-discipline, and a strong sense of service. Serving 62 boys and their families in the 6th to 12th grades, The Iron Academy strives to shape well-rounded individuals ready for life's challenges.
Official website here: www.ironacademy.org
Who is the CEO of The Iron Academy?
Alan Hahn is the President of The Iron Academy. The CEO's salary of The Iron Academy is $89,583 and their total compensation is $89,583.
Official website here: www.ironacademy.org
What is the revenue of The Iron Academy?
The Iron Academy's revenue in 2022 was $1,275,935.
Official website here: www.ironacademy.org
Who are the executives of The Iron Academy and what are their salaries?
The average compensation at The Iron Academy during 2022 was $42,907. There are 16 employees and 20 volunteers at The Iron Academy.
Here are 8 key members and their salaries (The Iron Academy's CEO's salary is $89,583 and their total compensation is $89,583):
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- Compensation: $89,583
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Official website here: www.ironacademy.org
Where can I find the form 990 for The Iron Academy?
The Iron Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ironacademy.org
Learn more at the official website: www.ironacademy.org
Mission Statement of The Iron Academy
The Iron Academy, a renowned educational institution, is committed to shaping young men with a Christian background. Its mission is to mold biblically-grounded, exceptionally educated young men who are well-equipped for a life of leadership, self-discipline, and service. The academy serves this purpose by providing an education that is deeply rooted in Christian values, aiming to develop these young individuals to their fullest potential. The Iron Academy catered to 62 young men and their families, focusing on the 6th to 12th grade.
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Impact
July, 2024
The Iron Academy's impact is felt through its dedicated mission to shape Christian boys into exceptionally educated and biblically-grounded young men who are maximally developed for a life of leadership, self-discipline, and service. In serving 62 young men and their families in grades 6-12, this institution in Raleigh, North Carolina, aims to be recognized as a world-renowned educator and developer of Christian young men. With a focus on education and character-building rooted in biblical principles, The Iron Academy is making a significant impact in preparing future leaders who embody values of excellence and service.
This information is meant to be a general summary of The Iron 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: $1,716
- Program Service Revenue: $902,926
- Gross Receipts: $1,293,073
Assets and Liabilities:
- Total Assets: $2,316,006
- Total Liabilities: $2,055,848
- Net Assets: $260,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$868,729
PROGRAM REVENUE
Revenue
$34,197
Organization Details
Founding Year
2011
Phone
(919) 977-8811Principal Officer
Alan Hahn
Main Address
3510 EDWARDS MILL ROAD, RALEIGH, NC, 27612
Website
www.ironacademy.orgNTEE Category
Code: B25 - Education
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