Overview
What is Plato Academy Schools Corporation?
Plato Academy Schools Corporation is a nonprofit organization based in Clearwater, Florida. They operate nine charter schools across Pinellas, Pasco, and Hillsborough County, catering to students from kindergarten through 8th grade. The corporation's mission is to provide quality education, serving a diverse student population in these Florida counties.
Official website here: www.platoacademy.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Plato Academy Schools Corporation has received an 81% rating, reflecting its overall accountability and financial practices. The rating is based solely on the Accountability & Finance beacon, which indicates a strong emphasis on transparency and responsible management of resources. Notably, the organization has achieved full scores in key areas such as independent board member participation and financial oversight, demonstrating a commitment to governance standards.
The organization shows particular strengths in its program expense ratio, with nearly 98% of its expenses directed towards its programs. This suggests that the majority of funding is effectively utilized for its educational mission. Additionally, the presence of documented policies regarding conflict of interest and document retention further indicates that the organization is taking necessary steps to maintain integrity and accountability.
However, there are some areas for improvement, as the organization currently lacks a whistleblower policy, which could be a vital component in fostering transparency and protecting individuals who report unethical behavior. The liabilities to assets ratio also raises some concerns, as it received no points in this area, suggesting potential financial vulnerabilities that may need to be addressed. Overall, while the organization demonstrates strong governance, attention to these limitations could enhance its overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Plato Academy Schools Corporation legitimate?
Plato Academy Schools Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plato Academy Schools Corporation 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: $18,370,851
For more financial information, click here
Official website here: www.platoacademy.net
What is the mission statement of Plato Academy Schools Corporation?
Plato Academy Schools Corporation operates nine charter schools in Florida, catering to students from kindergarten through eighth grade. The organization is dedicated to providing quality education to a considerable number of pupils in Pinellas, Pasco, and Hillsborough counties. Its mission is to deliver a well-rounded educational experience to these students, enriching their academic growth and preparing them for success in the future. Through innovative teaching methods and a nurturing learning environment, the schools aim to foster intellectual curiosity and a love for learning among their students.
Official website here: www.platoacademy.net
Who is the CEO of Plato Academy Schools Corporation?
Louis Kokkinakos is the Chairman of Plato Academy Schools Corporation. The CEO's salary of Plato Academy Schools Corporation is $0 and their total compensation is $0.
Official website here: www.platoacademy.net
What is the revenue of Plato Academy Schools Corporation?
Plato Academy Schools Corporation's revenue in 2022 was $31,890,679.
Official website here: www.platoacademy.net
Who are the executives of Plato Academy Schools Corporation and what are their salaries?
There 50 volunteers at Plato Academy Schools Corporation.
Here are 15 key members and their salaries (Plato Academy Schools Corporation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.platoacademy.net
Where can I find the form 990 for Plato Academy Schools Corporation?
Plato Academy Schools Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.platoacademy.net
Learn more at the official website: www.platoacademy.net
Mission Statement of Plato Academy Schools Corporation
Plato Academy Schools Corporation is a nonprofit organization that operates nine charter schools in Florida, catering to students from kindergarten through eighth grade. The corporation's educational mission is centered around providing quality education to a diverse student body within a nurturing and supportive environment.
In operation across Pinellas, Pasco, and Hillsborough County, Plato Academy Schools Corporation's schools foster academic growth and personal development. Each institution offers a comprehensive curriculum, enabling students to build a strong foundation in core subjects and develop essential skills that will serve them well into the future. The corporation prides itself on creating an inclusive learning community, where students can thrive and reach their full potential.
Plato Academy Schools Corporation is committed to delivering a well-rounded education that goes beyond the classroom. Their approach caters to the unique needs of each student, providing them with individualized attention and support. The organization's dedicated team of educators and staff work closely with students to ensure they receive the guidance they need to overcome challenges and excel academically.
Moreover, the corporation's schools foster a sense of community, encouraging students to engage in extracurricular activities and build strong relationships with their peers and teachers. By providing a safe and supportive learning environment, Plato Academy Schools Corporation empowers its students to develop essential skills, such as critical thinking, problem-solving, and effective communication.
Plato Academy Schools Corporation's mission is to nurture the next generation of leaders by providing a high-quality education that not only focuses on academic achievement but also on the personal growth and well-being of each student. Through their dedicated efforts and innovative approach to education, they aim to create a lasting impact on their students and their communities.
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Impact
October, 2024
Plato Academy Schools Corporation operates nine charter schools across Pinellas, Pasco, and Hillsborough Counties in Florida, providing educational opportunities for students from kindergarten through eighth grade. By focusing on quality education in a supportive learning environment, these schools aim to foster academic achievement and personal growth among their students. The organization plays a crucial role in enhancing the local education landscape, promoting community engagement, and offering innovative learning experiences tailored to meet the diverse needs of their student population. Overall, Plato Academy Schools Corporation contributes significantly to the educational development of the communities it serves.
This information is meant to be a general summary of Plato Academy Schools Corporation. 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: $29,144,156
- Gross Receipts: $31,890,679
Assets and Liabilities:
- Total Assets: $134,350,424
- Total Liabilities: $126,697,549
- Net Assets: $7,652,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FTE - PER STUDENT FUNDING
Revenue
$28,591,350
FEDERAL FUNDING
Revenue
$552,806
Organization Details
Founding Year
2014
Phone
(727) 799-1200Principal Officer
Louis Kokkinakos
Main Address
2045 PALMETTO STREET BLDG B, CLEARWATER, FL, 33765
Website
www.platoacademy.netNTEE Category
Code: B99 - Education
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