Overview
What is Cleveland Preparatory Academy?
Cleveland Preparatory Academy is a charter school established in Cleveland, Ohio, with a mission to offer educational opportunities to students and their families. Located at 3615 Superior Avenue, the academy operates within the guidelines of Chapter 1702 of the Ohio Revised Code, as a nonprofit organization under IRC 501c3. Its primary focus is to deliver instructional services to students in grades K-8, utilizing a blended learning approach that combines online and in-person courses, featuring Core, Honors, and Advanced Placement subjects, as well as various electives. This approach aims to motivate and instruct students, ultimately providing them with the chance for academic success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Cleveland Preparatory Academy has received a Two-Star rating from Charity Navigator, indicating a score of 67%. The rating reflects the organization's strong performance in Accountability & Finance, which is the only area evaluated. A perfect score in various governance aspects such as board independence, financial oversight, and conflict of interest policies highlights the organization's commitment to transparency and responsible management.
The organization excels in maintaining a high program expense ratio and shows efficient fundraising practices, as evidenced by a fundraising efficiency ratio of $0.00. This suggests that the majority of funds are allocated directly to programs rather than administrative costs, which is a positive indicator for potential donors looking for effective use of donations.
However, the overall rating remains moderate due to the limited scope of evaluation, focusing solely on financial accountability without assessing other important factors such as impact or program effectiveness. While Cleveland Preparatory Academy demonstrates strong governance, there may be areas within service delivery or community impact that could benefit from further enhancement and evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Cleveland Preparatory Academy legitimate?
Cleveland Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $651,459
For more financial information, click here
What is the mission statement of Cleveland Preparatory Academy?
Cleveland Preparatory Academy's mission is centered around offering educational opportunities to students and their families. The organization primarily focuses on providing instructional services, delivering a blended learning approach that combines online and in-person classes for students in grades K-8. The school's main goal is to provide a platform that fosters success, motivates, and educates its students through a diverse curriculum, featuring Core, Honors, and Advanced Placement courses, as well as electives. The Academy was established with the aim of providing educational choices to the community, operating within the guidelines of the Ohio Revised Code and adhering to the requirements of IRC 501c3.
Who is the CEO of Cleveland Preparatory Academy?
C David Massa is the Board President of Cleveland Preparatory Academy.
What is the revenue of Cleveland Preparatory Academy?
Cleveland Preparatory Academy's revenue in 2022 was $2,119,372.
Who are the executives of Cleveland Preparatory Academy and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $1,375
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
Where can I find the form 990 for Cleveland Preparatory Academy?
Cleveland Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cleveland Preparatory Academy
Cleveland Preparatory Academy, as a nonprofit organization, is dedicated to establishing and managing a school that caters to the educational needs of students in the community. The academy's primary mission is to offer a blended learning approach, combining online and in-person instruction, with an engaging curriculum that includes Core, Honors, and Advanced Placement (AP) courses, as well as a variety of electives. This educational strategy aims to motivate and instruct students, providing them with the necessary tools for success.
Beyond its academic focus, Cleveland Preparatory Academy is also committed to offering educational choice to the students and families in its community. The organization primarily operates as an instructional service provider, offering enrollment to students in grades K-8. According to its Articles of Incorporation, the academy's purposes extend beyond its educational services, encompassing any activities that are incidental to its central mission, as allowed under Chapter 1702 of the Ohio Revised Code. These ancillary activities are designed to further support the overall objective of providing a beneficial learning environment for the community's children.
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Impact
July, 2024
Cleveland Preparatory Academy provides a blended learning approach to education, offering Core, Honors, and AP courses both online and in person. By doing so, the academy aims to motivate and instruct students, giving them the opportunity for success. This impact is particularly valuable for students and families in the Cleveland community, as the academy provides educational choice and strives to enhance academic outcomes for students in grades K-8.
This information is meant to be a general summary of Cleveland 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.
- Gross Receipts: $2,119,372
Assets and Liabilities:
- Total Assets: $906,952
- Total Liabilities: $3,098,113
- Net Assets: -$2,191,161
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Organization Details
Founding Year
2012
Phone
(330) 515-0572Principal Officer
C David Massa
Main Address
3615 Superior Avenue, Cleveland, OH, 44114
NTEE Category
Code: B21 - Education
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