Overview
What is Aristotle Preparatory Academy?
Aristotle Preparatory Academy is a community-focused charter school situated in Charlotte, North Carolina. Its primary purpose is to provide quality education to its students, serving as a public institution dedicated to the learning and development of children. The school's mission is centered around its operation, aiming to contribute positively to the educational landscape of the community.
Official website here: www.aristotleprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Stars)
Aristotle Preparatory Academy has received a 59% rating from Charity Navigator, indicating significant concerns regarding its financial health and operational transparency. While the organization has a strong governance structure with 100% independent board members and a clean audit history, its overall financial ratios reveal weaknesses. The program expense ratio stands at only 52.13%, suggesting that less than half of its expenditures are directed towards programs, which is a critical factor for assessing nonprofit effectiveness.
The nonprofit demonstrates solid accountability practices, with policies such as conflict of interest, whistleblower, and document retention all in place. However, a notable shortcoming is the missing tax form on its website, which detracts from transparency and could raise red flags for potential donors and stakeholders. Additionally, the liabilities to assets ratio of 93.59% indicates a high level of liabilities compared to assets, further complicating its financial stability.
In summary, while Aristotle Preparatory Academy has some strengths in governance, the overall financial indicators and lack of transparency issues contribute to its low rating. Prospective donors and supporters should consider these factors when evaluating the nonprofit's ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Aristotle Preparatory Academy legitimate?
Aristotle Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aristotle Preparatory 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: $107,869
Professional Fundraising Fees: $0
Other Salaries and Wages: $958,607
For more financial information, click here
Official website here: www.aristotleprep.org
What is the mission statement of Aristotle Preparatory Academy?
Aristotle Preparatory Academy, as a public charter school, is dedicated to providing quality education for children. Their mission is focused on operating as a charter school, serving as a learning environment for young minds to grow and develop. The academy aims to educate children, utilizing its unique charter status to foster an enriching learning experience. While specific details about the educational approach or additional goals are not provided in the information, it can be inferred that Aristotle Preparatory Academy is committed to providing a solid educational foundation for its students.
Official website here: www.aristotleprep.org
Who is the CEO of Aristotle Preparatory Academy?
Siobhan Papa is the Chair of Aristotle Preparatory Academy.
Official website here: www.aristotleprep.org
What is the revenue of Aristotle Preparatory Academy?
Aristotle Preparatory Academy's revenue in 2022 was $2,571,346.
Official website here: www.aristotleprep.org
Who are the executives of Aristotle Preparatory Academy and what are their salaries?
The average compensation at Aristotle Preparatory Academy during 2022 was $24,802. There are 43 employees and 10 volunteers at Aristotle Preparatory Academy.
Here are 7 key members and their salaries:
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- Compensation: $70,072
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- Compensation: $37,797
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Official website here: www.aristotleprep.org
Where can I find the form 990 for Aristotle Preparatory Academy?
Aristotle Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aristotleprep.org
Learn more at the official website: www.aristotleprep.org
Mission Statement of Aristotle Preparatory Academy
Aristotle Preparatory Academy, as a public charter school, is committed to providing education for children. Their mission, in essence, revolves around the operation of this educational institution, aiming to foster learning and development in its students. This mission is a fundamental pillar of the academy, guiding its daily operations and long-term vision. The academy strives to create an environment conducive to learning, where children can grow intellectually, emotionally, and socially. By operating as a charter school, Aristotle Preparatory Academy has the freedom to innovate and adapt its educational approach to best serve its students, ensuring they receive a high-quality education.
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Impact
July, 2024
Aristotle Preparatory Academy's impact is seen through its dedication to providing quality education for children in Charlotte, NC. By operating as a public charter school, it offers an alternative educational option that aims to meet the diverse needs of students in the area. With a mission focused on the education of children, Aristotle Preparatory Academy plays a crucial role in shaping the academic development and future opportunities of its students. Its commitment to educational excellence and innovation contributes to the overall educational landscape in the community, enriching the lives of those it serves.
This information is meant to be a general summary of Aristotle Preparatory 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.
- Program Service Revenue: $172,717
- Gross Receipts: $2,571,346
Assets and Liabilities:
- Total Assets: $673,459
- Total Liabilities: $100,888
- Net Assets: $572,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food Sales
Revenue
$172,717
Organization Details
Founding Year
2012
Phone
(980) 237-0371Principal Officer
Siobhan Papa
Main Address
8101 Fallsdale Drive, Charlotte, NC, 28214
Website
www.aristotleprep.orgNTEE Category
Code: B25 - Education
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