Overview
What is Belmont Academy Inc?
Belmont Academy Inc is a publicly funded educational institution situated in southern Columbia County, Florida. As a charter school, it offers education to students from Pre-Kindergarten up to the 10th grade, having been established through the Florida Charter School program. Although specific activities or mission details are not provided in the information, it is clear that Belmont Academy serves as a public educational alternative for students in the area.
Official website here: www.belmontacademy.com
What are the reviews and ratings of this charity?
**Belmont Academy Inc - Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)**
Belmont Academy Inc has received a Two-Star rating from Charity Navigator, highlighting certain strengths and areas for improvement. The rating reflects solely its Accountability & Finance criteria, where it scored 73%, indicating satisfactory governance practices. The board demonstrates good independence and oversight, with all members being independent and a solid program expense ratio of 87.26%.
However, there are notable weaknesses in various governance policies; specifically, the charity is missing a whistleblower policy, document retention procedures, and has not posted its tax form on its website, all of which impacted its overall beacon score. Additionally, the organization has a high liabilities to assets ratio of 84.35%, which may indicate potential challenges in financial stability. The lack of assessment in other critical areas such as Impact & Measurement, Culture & Community, and Leadership & Adaptability also limits a comprehensive evaluation of the organization’s overall effectiveness.
As of now, there are no user reviews available from GreatNonprofits to provide insight into public sentiment regarding Belmont Academy Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Academy Inc legitimate?
Belmont Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Academy 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: $235,419
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,352,500
For more financial information, click here
Official website here: www.belmontacademy.com
What is the mission statement of Belmont Academy Inc?
Belmont Academy Inc, being a public charter school, was established through the Florida Charter School program, providing education for students from Pre-K to 10th grade. While the specific mission statement is not provided in the information, one can infer that its purpose is to provide quality education and learning opportunities for its students, contributing to their overall development and growth. The school's activities likely focus on promoting a conducive learning environment, fostering academic success, and preparing students for their future endeavors. However, without explicit details, this is a generalized interpretation based on the information provided.
Official website here: www.belmontacademy.com
Who is the CEO of Belmont Academy Inc?
Chase Larsen is the President/Chairman of Belmont Academy Inc. The CEO's salary of Belmont Academy Inc is $104,397 and their total compensation is $113,806.
Official website here: www.belmontacademy.com
What is the revenue of Belmont Academy Inc?
Belmont Academy Inc's revenue in 2022 was $7,186,771.
Official website here: www.belmontacademy.com
Who are the executives of Belmont Academy Inc and what are their salaries?
The average compensation at Belmont Academy Inc during 2022 was $37,374. There are 96 employees and 1000 volunteers at Belmont Academy Inc.
Here are 10 key members and their salaries (Belmont Academy Inc's CEO's salary is $104,397 and their total compensation is $113,806):
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- Compensation: $104,397
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- Other: $9,409
- Compensation: $105,915
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- Other: $9,495
Official website here: www.belmontacademy.com
Where can I find the form 990 for Belmont Academy Inc?
Belmont Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontacademy.com
Learn more at the official website: www.belmontacademy.com
Mission Statement of Belmont Academy Inc
Belmont Academy Inc, a public charter school, is dedicated to providing education for students from Pre-K to 10th grade. Established through the Florida Charter School program, this institution's mission is centered around offering a comprehensive learning environment for its pupils. The school's primary focus is on nurturing the overall development of its students, aiming to equip them with the necessary skills and knowledge for their future endeavors.
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Impact
July, 2024
Belmont Academy Inc's impact is primarily seen in the field of education, specifically serving grades Pre-K through 10 in southern Columbia County as a public charter school established through the Florida Charter School program. By providing educational opportunities to students in this region, Belmont Academy plays a vital role in fostering academic growth and development among young learners. Through its dedicated mission to deliver quality education, Belmont Academy contributes to shaping the future generation of students and preparing them for success in their academic and professional endeavors.
This information is meant to be a general summary of Belmont Academy 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: $745
- Program Service Revenue: $5,477,078
- Gross Receipts: $7,265,984
Assets and Liabilities:
- Total Assets: $14,484,950
- Total Liabilities: $12,675,099
- Net Assets: $1,809,851
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAM
Revenue
$5,380,166
CHILD CARE FEES
Revenue
$83,396
FOOD SERVICES
Revenue
$13,516
Organization Details
Founding Year
2012
Phone
(386) 487-0487Principal Officer
Chase Larsen
Main Address
1476 SW WALTER AVE, LAKE CITY, FL, 320247916
Website
www.belmontacademy.comNTEE Category
Code: B29 - Education
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