Overview
What is The Remnant Academy Inc?
The Remnant Academy Inc, situated in La Grange, Texas, is a nonprofit organization that takes pride in offering top-notch education to children aged six weeks to ten years. With a strong emphasis on Christian values, the academy nurtures its young learners in a loving and supportive environment. Their programs cater to infants as young as six weeks, extending up to preschool age. The academy employs a team of 42 dedicated individuals, committed to providing the best possible learning experience for each child.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Remnant Academy Inc has received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. Notably, the organization lacks independent board members, which is a crucial element for ensuring transparency and oversight. Additionally, several key policies such as conflict of interest and whistleblower policies are missing, raising further questions about governance and ethical standards.
Despite these issues, the organization exhibits a high program expense ratio of 95.85%, suggesting that the majority of its resources are directed toward its intended programs rather than administrative costs. This indicates a strong commitment to its mission. However, the absence of essential financial documents and policies on its website undermines the perceived transparency of its operations.
Overall, while The Remnant Academy Inc shows a dedication to its programming, the overall lack of independent oversight and missing governance policies contribute to its low rating. Potential donors and supporters may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Remnant Academy Inc legitimate?
The Remnant Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Remnant 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: $99,211
Professional Fundraising Fees: $0
Other Salaries and Wages: $414,205
For more financial information, click here
What is the mission statement of The Remnant Academy Inc?
The Remnant Academy Inc, a Christian daycare, is committed to providing the best education for children from six weeks old to preschool age. Their mission is to create a nurturing environment that fosters learning, embedding Christian values into their educational programs. The academy's purpose is to empower each child, ensuring they receive an optimal start to their educational journey.
What is the revenue of The Remnant Academy Inc?
The Remnant Academy Inc's revenue in 2023 was $958,758.
Who are the executives of The Remnant Academy Inc and what are their salaries?
The average compensation at The Remnant Academy Inc during 2023 was $12,224. There are 42 employees at The Remnant Academy Inc.
Here are 5 key members and their salaries:
- Compensation: $50,492
- Related: $0
- Other: $0
- Compensation: $32,643
- Related: $0
- Other: $0
- Compensation: $7,453
- Related: $0
- Other: $0
- Compensation: $7,453
- Related: $0
- Other: $0
- Compensation: $1,170
- Related: $0
- Other: $0
Where can I find the form 990 for The Remnant Academy Inc?
The Remnant Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Remnant Academy Inc
The Remnant Academy Inc, a nonprofit organization, is committed to providing the highest quality education to each child in a nurturing, Christian environment. This commitment extends from infants as young as six weeks old to preschool-aged children. The academy's programs are designed to foster learning and growth in a loving and faith-based setting. The mission of The Remnant Academy Inc is to offer an exceptional educational experience that not only meets the academic needs of its young students but also instills Christian values and principles.
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Impact
July, 2024
The Remnant Academy Inc impacts the community by providing high-quality education in a loving, Christian environment to children ranging from infants to preschool ages. Through their Christian daycare program, they offer a nurturing and educational space for children up to 10 years old in La Grange, TX. This organization's mission is to ensure that each child receives excellent education and care while fostering a Christian foundation.
This information is meant to be a general summary of The Remnant 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 2023.
- Investment Income: $3,392
- Program Service Revenue: $457,982
- Gross Receipts: $958,758
Assets and Liabilities:
- Total Assets: $533,359
- Total Liabilities: $1,894
- Net Assets: $531,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NCI WORKFORCE
Revenue
$108,933
T.E.A.C.H
Revenue
$10,615
TUITION
Revenue
$338,434
Organization Details
Founding Year
2014
Principal Officer
Jan Hill
NTEE Category
Code: B21 - Education
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