Overview
What is The Ivy Academy Of Early Learning?
The Ivy Academy of Early Learning is a nonprofit organization situated in Elgin, Illinois, specifically at 545 Hiawatha Drive. Their primary mission is to deliver high-quality early childhood education and related services. This mission is furthered by their dedication to empowering young children, fostering a supportive environment for families through their family-friendly approach. With a workforce of 42 individuals, the academy strives to equip young learners with essential skills and knowledge, ultimately contributing to their overall development.
Official website here: www.theivyacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
The Ivy Academy of Early Learning has received a low rating of 58%, indicating significant areas for improvement in accountability and finance. The organization scored particularly poorly in board independence and financial transparency, with no independent board members noted and low scores for financial statements and document retention policies. However, it maintains a high program expense ratio of 77.47%, suggesting that a large portion of its resources is allocated directly to its programs.
While the organization has some strengths, such as a solid score for the liabilities to assets ratio and a conflict of interest policy, the lack of independent oversight and inadequate financial reporting raise concerns about its overall governance. The absence of an effective whistleblower policy and failure to post critical financial documents on its website further highlight potential weaknesses in transparency and accountability.
Potential donors and stakeholders may wish to consider these factors carefully before engaging with The Ivy Academy of Early Learning. The organization has demonstrated commitment to its programs, but the significant governance and financial management issues presented by its Charity Navigator rating warrant attention and action for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is The Ivy Academy Of Early Learning legitimate?
The Ivy Academy Of Early Learning is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ivy Academy Of Early Learning 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: $298,271
Professional Fundraising Fees: $0
Other Salaries and Wages: $603,312
For more financial information, click here
Official website here: www.theivyacademy.org
What is the mission statement of The Ivy Academy Of Early Learning?
The Ivy Academy of Early Learning is committed to delivering high-quality early childhood education and related services. This organization strives to empower young children by providing family-friendly support and education. Their mission is to create an environment that fosters growth and development in children, ensuring they have the best possible start in life. The academy aims to support families throughout this crucial period, providing them with the resources and knowledge needed to nurture their child's development. They are dedicated to making early education accessible and beneficial for both children and their families.
Official website here: www.theivyacademy.org
Who is the CEO of The Ivy Academy Of Early Learning?
Amy Hitchinson is the President of The Ivy Academy Of Early Learning.
Official website here: www.theivyacademy.org
What is the revenue of The Ivy Academy Of Early Learning?
The Ivy Academy Of Early Learning's revenue in 2022 was $1,504,123.
Official website here: www.theivyacademy.org
Who are the executives of The Ivy Academy Of Early Learning and what are their salaries?
The average compensation at The Ivy Academy Of Early Learning during 2022 was $21,466. There are 42 employees and 2 volunteers at The Ivy Academy Of Early Learning.
Here are 4 key members and their salaries:
- Compensation: $159,593
- Related: $176,286
- Other: $17,388
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $138,678
- Related: $172,016
- Other: $8,438
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theivyacademy.org
Where can I find the form 990 for The Ivy Academy Of Early Learning?
The Ivy Academy Of Early Learning's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theivyacademy.org
Learn more at the official website: www.theivyacademy.org
Mission Statement of The Ivy Academy Of Early Learning
The Ivy Academy of Early Learning is dedicated to providing high-quality early childhood education and related services. Their mission is to empower young children by offering family-friendly support and education, striving to make a significant impact in their development. By providing this comprehensive approach, the academy aims to equip young children with the necessary skills and knowledge, setting them up for success in their future endeavors. The academy's commitment to quality education and support for families is a testament to their dedication to fostering the growth and well-being of children in their formative years.
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Impact
July, 2024
The Ivy Academy of Early Learning has a significant impact on the community by providing quality early childhood education and related services to empower young children through family-friendly support and education. Their mission to offer these services not only benefits the children enrolled in the program but also has a positive ripple effect on families and the community as a whole. By prioritizing early childhood education and support, The Ivy Academy is laying a strong foundation for the future success of these young learners, setting them on a path towards a lifetime of learning and development. Their commitment to excellence in education is evident in the impact they have on shaping the lives of young children and contributing to a brighter future for all.
This information is meant to be a general summary of The Ivy Academy Of Early Learning. 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: $1,280,659
- Gross Receipts: $1,504,123
Assets and Liabilities:
- Total Assets: $829,376
- Total Liabilities: $42,540
- Net Assets: $786,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$1,280,659
Organization Details
Founding Year
2014
Phone
(847) 312-3371Principal Officer
Amy Hitchinson
Main Address
545 HIAWATHA DRIVE, ELGIN, IL, 60120
Website
www.theivyacademy.orgNTEE Category
Code: B99 - Education
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