Overview
What is Elgin Charter School Initiative?
The Elgin Charter School Initiative, specifically the Elgin Math and Science Academy (EMSA), is a tuition-free, public charter school established in 2018. Operating under the Illinois State Board of Education, EMSA serves the boundaries of School District U-46, making it a recent addition to Elgin, IL's educational landscape. The school's mission is to inspire both students and teachers to reach their full potential by fostering hands-on exploratory learning and an awareness of social responsibility. EMSA, as part of the Elgin Charter School Initiative, is dedicated to providing a high-quality education within the realms of mathematics and science to its K-8 students.
Official website here: www.elginmathandscience.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
The Elgin Charter School Initiative has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The score is derived entirely from the Accountability & Finance category, where the organization excelled in governance practices and financial oversight. Key strengths include having a fully independent board and the implementation of vital policies such as conflict of interest and whistleblower protections.
The organization shows a commendable program expense ratio of 82.52%, suggesting that a significant portion of its resources is directed toward its mission-related activities. Additionally, there are no material diversion of assets reported, which reflects positively on its financial integrity. The presence of thorough financial statements, along with documented board meeting minutes, enhances transparency and stakeholder confidence.
However, the organization received a lower score in the liabilities to assets ratio, indicating potential areas for improvement in managing its financial obligations. While overall the Elgin Charter School Initiative demonstrates strong practices and effective governance, addressing its liabilities could further bolster its financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Elgin Charter School Initiative legitimate?
Elgin Charter School Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elgin Charter School Initiative 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: $3,150,677
For more financial information, click here
Official website here: www.elginmathandscience.com
What is the mission statement of Elgin Charter School Initiative?
The mission of Elgin Charter School Initiative, specifically at Elgin Math and Science Academy (EMSA), is centered around fostering the growth of students and teachers. Through an active and exploratory learning approach, EMSA aims to help its students reach their full potential. Additionally, the school promotes a sense of social responsibility among its students and staff. As a tuition-free, K-8 public charter school, EMSA operates under the charter of the Illinois State Board of Education. Established in 2018, EMSA serves as a new addition to the educational landscape, catering to the boundaries of School District U-46.
Official website here: www.elginmathandscience.com
Who is the CEO of Elgin Charter School Initiative?
Ron Manderschied is the Chief Strategy Officer of Elgin Charter School Initiative.
Official website here: www.elginmathandscience.com
What is the revenue of Elgin Charter School Initiative?
Elgin Charter School Initiative's revenue in 2023 was $6,526,637.
Official website here: www.elginmathandscience.com
Who are the executives of Elgin Charter School Initiative and what are their salaries?
The average compensation at Elgin Charter School Initiative during 2023 was $43,160. There are 73 employees and 25 volunteers at Elgin Charter School Initiative.
Here are 14 key members and their salaries:
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Official website here: www.elginmathandscience.com
Where can I find the form 990 for Elgin Charter School Initiative?
Elgin Charter School Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elginmathandscience.com
Learn more at the official website: www.elginmathandscience.com
Mission Statement of Elgin Charter School Initiative
Elgin Charter School Initiative, with its establishment in 2018, is a tuition-free public charter school operating under the Illinois State Board of Education's charter. Situated within the boundaries of School District U-46, this innovative educational institution is known as Elgin Math and Science Academy (EMSA). The mission of Elgin Charter School Initiative, as embodied by EMSA, is to empower its students and teachers to attain their utmost potential. This is achieved through an active, exploratory learning approach that fosters a sense of social responsibility. The school encourages students to delve into subjects hands-on, thereby fostering a holistic learning experience that goes beyond mere academic pursuits.
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Impact
July, 2024
Elgin Charter School Initiative's impact can be seen through Elgin Math and Science Academy (EMSA), where students and teachers are empowered to reach their highest potential through active exploratory learning and a sense of social responsibility. Established in 2018, EMSA is a tuition-free K-8 public charter school operating under the charter of the Illinois State Board of Education, serving the boundaries of School District U-46 in Elgin, IL. The initiative aims to provide a hands-on learning environment that fosters both academic growth and civic awareness among its students and educators.
This information is meant to be a general summary of Elgin Charter School Initiative. 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: $88,060
- Program Service Revenue: $87,342
- Gross Receipts: $6,526,637
Assets and Liabilities:
- Total Assets: $19,222,973
- Total Liabilities: $15,799,757
- Net Assets: $3,423,216
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$87,342
Organization Details
Founding Year
2012
Phone
(630) 883-5013Principal Officer
Ron Manderschied
Main Address
1600 DUNDEE AVENUE, ELGIN, IL, 60120
Website
www.elginmathandscience.comNTEE Category
Code: B29 - Education
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