Overview
What is The Palmdale Aerospace Academy?
The Palmdale Aerospace Academy is a charter school located at 3300 E Palmdale Blvd, Palmdale, CA 93550, with a team of 342 employees. This nonprofit institution is dedicated to providing education for students from kindergarten through twelfth grade, preparing them for college and careers in the 21st century. Their mission focuses on STEM skills, aligning academics with aerospace industry needs and partnering with local organizations, including the city of Palmdale school district and aerospace employers. By emphasizing hands-on activities, collaborative learning, and challenging projects, the academy aims to maximize student engagement and create an innovative, relevant educational experience.
Official website here: www.tpaa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Palmdale Aerospace Academy has received a two-star rating from Charity Navigator, indicating that while it demonstrates certain strengths in accountability and financial management, there are significant areas needing improvement. The organization boasts a fully independent board and strong financial oversight, with no noted material diversion of assets, which reflects positively on its governance structure.
However, the nonprofit has several shortcomings that contribute to its lower rating. Notably, it lacks a whistleblower policy and a document retention policy, which are essential for transparency and ethical management. Additionally, the absence of tax forms on its website may hinder public access to important financial information, potentially affecting donor trust.
On the financial side, while it maintains a solid program expense ratio of 74.04%, its liabilities to assets ratio of 74.31% raises concerns about its financial health. The compensation of key personnel appears relatively high, which might attract scrutiny from donors. Overall, the organization has strengths in governance but must address its policy gaps and financial sustainability to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is The Palmdale Aerospace Academy legitimate?
The Palmdale Aerospace Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Palmdale Aerospace 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: $179,278
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,274,525
For more financial information, click here
Official website here: www.tpaa.org
What is the mission statement of The Palmdale Aerospace Academy?
The Palmdale Aerospace Academy focuses on preparing its students for higher education and careers in the 21st century. This educational institution aligns its curriculum with the workforce needs, not only in the local area but also beyond. The academic program emphasizes Science, Technology, Engineering and Mathematics (STEM) skills, presenting these subjects through the lens of aerospace. Hands-on projects and collaborative learning engage students' interest, maximizing partnerships with aerospace industry employers and other organizations. The innovative educational approach provides students with a relevant and engaging learning experience.
Official website here: www.tpaa.org
What is the revenue of The Palmdale Aerospace Academy?
The Palmdale Aerospace Academy's revenue in 2024 was $43,689,124.
Official website here: www.tpaa.org
Who are the executives of The Palmdale Aerospace Academy and what are their salaries?
The average compensation at The Palmdale Aerospace Academy during 2024 was $51,638. There are 338 employees and 27 volunteers at The Palmdale Aerospace Academy.
Here are 17 key members and their salaries:
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- Compensation: $73,655
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- Other: $23,671
- Compensation: $155,875
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- Other: $49,521
- Compensation: $154,934
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- Other: $49,342
- Compensation: $151,757
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- Other: $16,872
- Compensation: $125,352
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- Other: $39,762
- Compensation: $127,390
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- Other: $40,149
- Compensation: $133,576
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- Other: $38,718
- Compensation: $139,127
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- Other: $46,339
- Compensation: $141,969
- Related: $0
- Other: $46,879
- Compensation: $200,984
- Related: $0
- Other: $54,132
Official website here: www.tpaa.org
Where can I find the form 990 for The Palmdale Aerospace Academy?
The Palmdale Aerospace Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tpaa.org
Learn more at the official website: www.tpaa.org
Mission Statement of The Palmdale Aerospace Academy
The Palmdale Aerospace Academy is a forward-thinking educational institution dedicated to preparing its graduates for college and successful careers in the 21st century. By focusing on Science, Technology, Engineering and Mathematics (STEM) skills, this academy offers a unique, relevant educational experience that aligns with the workforce needs, both locally and beyond.
With an aerospace industry lens, the academy's educational program engages students through challenging projects and hands-on activities. The collaboration with aerospace industry employers, the city of Palmdale School District, and other supportive organizations results in an innovative and dynamic learning environment. The academy's mission is to maximize student interest and establish strong partnerships that will benefit the students as they embark on their future academic and professional journeys.
In essence, the Palmdale Aerospace Academy is committed to equipping its students with the necessary skills and knowledge for a prosperous future in the 21st century. By emphasizing STEM education, the academy offers a distinct educational option that prepares students for the constantly evolving demands of the modern workforce.
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Impact
October, 2024
The Palmdale Aerospace Academy significantly impacts its community by preparing students for college and careers in a rapidly evolving workforce. Located in Palmdale, California, the academy serves students from kindergarten through twelfth grade, focusing on science, technology, engineering, and mathematics (STEM) education with a particular emphasis on aerospace.
By integrating hands-on activities, challenging projects, and collaborative learning, the academy engages students and cultivates their interest in aerospace and related fields. This practical approach aligns education with the current needs of the local workforce, effectively bridging the gap between academic preparation and real-world applications.
Furthermore, the academy fosters partnerships with aerospace industry employers and local educational institutions, creating a network that supports student learning and career readiness. Such collaborations not only enhance the educational experience but also provide students with insights and opportunities within the aerospace sector, ultimately contributing to the development of a skilled workforce that meets the demands of the 21st century.
This information is meant to be a general summary of The Palmdale Aerospace 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 2024.
- Investment Income: $1,594,480
- Program Service Revenue: $315,525
- Gross Receipts: $43,689,124
Assets and Liabilities:
- Total Assets: $26,865,897
- Total Liabilities: $8,075,475
- Net Assets: $18,790,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ACTIVITIES
Revenue
$312,004
FOOD SERVICE SALES
Revenue
$3,521
Organization Details
Founding Year
2011
Principal Officer
Julie Braswell
Website
www.tpaa.orgNTEE Category
Code: B29 - Education
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