Overview
What is East Preparatory Academy?
East Preparatory Academy is a nonprofit institution situated in Cleveland, Ohio, specifically at 4129 Superior Avenue, ZIP code 44103. Serving students from kindergarten to eighth grade, this educational institution is committed to enhancing their lives by offering authentic learning experiences in a supportive and collaborative environment. This nurturing environment aims to establish a strong foundation for the students' success in their academic journey, future careers, and personal lives. The academy's mission emphasizes the importance of collaboration and fostering a sense of community, ultimately setting students up for future achievements.
Official website here: www.eastprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating)
East Preparatory Academy has received a rating indicating that it needs improvement, scoring 70% overall. The organization excels in accountability and finance, achieving a perfect score in several areas such as board independence, conflict of interest policy, and documentation practices. This suggests a strong governance framework and commitment to transparency.
However, the financial health of the organization raises concerns. The program expense ratio is commendable at 96.67%, indicating that a significant portion of its funds is directed towards programs. In contrast, the fundraising efficiency ratio and the liabilities to assets ratio are problematic, showing poor fundraising performance and high liabilities relative to assets, which could impact its sustainability in the long term.
Overall, while East Preparatory Academy demonstrates strong governance and efficient program spending, significant financial challenges need to be addressed to improve its overall stability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is East Preparatory Academy legitimate?
East Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. East 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: $1,100,066
For more financial information, click here
Official website here: www.eastprep.org
What is the mission statement of East Preparatory Academy?
East Preparatory Academy, catering to students from grades K-8, is committed to enhancing their lives by offering genuine learning experiences within a cooperative and caring environment. This nurturing setting aims to establish a solid foundation for the students' achievements in their academic journey, future careers, and personal growth. The academy's mission is centered around providing an environment that fosters collaboration and supports the students, ultimately setting them up for success in various aspects of their lives.
Official website here: www.eastprep.org
Who is the CEO of East Preparatory Academy?
C David Massa is the Board Member of East Preparatory Academy.
Official website here: www.eastprep.org
What is the revenue of East Preparatory Academy?
East Preparatory Academy's revenue in 2022 was $2,992,511.
Official website here: www.eastprep.org
Who are the executives of East Preparatory Academy and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $3,125
- Related: $0
- Other: $0
- Compensation: $2,750
- Related: $0
- Other: $0
Official website here: www.eastprep.org
Where can I find the form 990 for East Preparatory Academy?
East Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eastprep.org
Learn more at the official website: www.eastprep.org
Mission Statement of East Preparatory Academy
East Preparatory Academy, a school catering to students from grades K-8, is committed to enhancing the lives of its learners. The academy strives to accomplish this by offering genuine learning experiences in an environment that encourages collaboration and nurturing. This approach aims to establish a solid foundation for the students, setting them up for success in their academic pursuits, future careers, and personal lives. The mission of East Preparatory Academy is to foster an atmosphere that nurtures growth, both academically and personally, enabling its students to thrive in various aspects of life.
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Impact
July, 2024
East Preparatory Academy's impact can be seen in the lives of its students who are provided with authentic learning experiences in a collaborative and nurturing environment. By focusing on building a strong foundation for student success in school, future work, and life, East Preparatory Academy is helping shape the next generation of individuals who are better equipped to thrive in various aspects of their lives. Located in Cleveland, Ohio, this academy serves students in grades K-8 and is committed to making a positive difference through education.
This information is meant to be a general summary of East 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: $2,992,511
Assets and Liabilities:
- Total Assets: $1,961,633
- Total Liabilities: $3,046,745
- Net Assets: -$1,085,112
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Organization Details
Founding Year
2013
Principal Officer
C David Massa
Main Address
4129 Superior Avenue, Cleveland, OH, 44103
Website
www.eastprep.orgNTEE Category
Code: B29 - Education
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