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The Classical Academy Of Sarasota Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463754462 ✦ Sarasota, FL ✦ Designated as a 501(c)(3)

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Overview

What is The Classical Academy Of Sarasota Inc?

The Classical Academy of Sarasota Inc, located at 8350 BEE RIDGE RD 223, Sarasota, Florida 34241, is a nonprofit organization with a mission to foster the intellectual growth and virtuous character of its students. With a team of 105 dedicated individuals, the academy offers a rigorous, content-rich classical liberal arts education, aiming to cultivate logical thinkers, coherent writers, confident speakers, thoughtful leaders, and responsible virtuous citizens. The organization's activities are centered around nurturing each student's academic potential, ensuring they graduate as well-rounded individuals ready to contribute positively to society.


Official website here: www.tcasarasota.com

What are the reviews and ratings of this charity?

**Charity Navigator Rating:** 91% (Four-Star out of Four Star Rating)

The Classical Academy Of Sarasota Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong Accountability & Finance metrics. The overall score highlights their effective governance, such as maintaining a completely independent board and having robust financial oversight in place. Transparency is also evident as they adhere to conflict of interest policies and have comprehensive audit measures established.

One of the organization’s key strengths is their high program expense ratio of 92%, indicating a significant commitment to directly supporting their programs rather than on administrative costs. Their financial health appears solid, with no material diversion of assets reported. While the organization’s past ratings did not assess aspects like Leadership & Adaptability or Impact & Measurement, their current score underscores a strong foundation in financial management.

User reviews from GreatNonprofits could not be fetched, so additional specific feedback from the community is unavailable. Overall, the nonprofit is well-positioned in terms of accountability, though insights into their impact and community engagement could enhance the overall understanding of their effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is The Classical Academy Of Sarasota Inc legitimate?

The Classical Academy Of Sarasota Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Classical Academy Of Sarasota 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,076,659

For more financial information, click here


Official website here: www.tcasarasota.com

What is the mission statement of The Classical Academy Of Sarasota Inc?

The Classical Academy of Sarasota Inc's mission is centered around nurturing the academic potential of each student. This is achieved through a rigorous, content-rich education in classical liberal arts. Simultaneously, the institution works on instilling a virtuous character in students. As a result, the academy aims to develop logical thinkers, coherent writers, confident speakers, thoughtful leaders, and responsible virtuous citizens. The educational approach at The Classical Academy of Sarasota Inc fosters well-rounded individuals who are equipped to navigate various aspects of life with integrity and intelligence.


Official website here: www.tcasarasota.com

Who is the CEO of The Classical Academy Of Sarasota Inc?

David Sugar is the President of The Classical Academy Of Sarasota Inc.


Official website here: www.tcasarasota.com

What is the revenue of The Classical Academy Of Sarasota Inc?

The Classical Academy Of Sarasota Inc's revenue in 2022 was $8,204,460.


Official website here: www.tcasarasota.com

Who are the executives of The Classical Academy Of Sarasota Inc and what are their salaries?

The average compensation at The Classical Academy Of Sarasota Inc during 2022 was $29,302. There are 105 employees and 120 volunteers at The Classical Academy Of Sarasota Inc.


Here are 5 key members and their salaries:


David Sugar (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Lynch (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Penge (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Grosso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Shirey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tcasarasota.com

Where can I find the form 990 for The Classical Academy Of Sarasota Inc?

The Classical Academy Of Sarasota Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tcasarasota.com

Learn more at the official website: www.tcasarasota.com

Mission Statement of The Classical Academy Of Sarasota Inc

The Classical Academy of Sarasota Inc is committed to fostering the academic potential of each student by providing a rigorous, content-rich education rooted in classical liberal arts. This educational approach aims to build not only intellectual capacities but also a virtuous character in the students. Through this holistic education, the academy strives to develop logical thinkers, coherent writers, confident speakers, thoughtful leaders, and responsible virtuous citizens. The ultimate goal is to prepare students who are well-equipped to navigate the complexities of the world and contribute positively to society.

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Impact




July, 2024

The Classical Academy Of Sarasota Inc is dedicated to developing the academic potential of each student through a rigorous content-rich, classical liberal arts education, all while instilling virtuous character traits. By focusing on creating logical thinkers, coherent writers, confident speakers, thoughtful leaders, and responsible virtuous citizens, this organization is impacting hundreds of students in Sarasota, FL. Their mission is to provide a comprehensive educational experience that not only fosters intellectual growth but also cultivates moral values and leadership qualities in the students. Through their commitment to education and character development, The Classical Academy Of Sarasota Inc is making a significant difference in the lives of the students they serve.




This information is meant to be a general summary of The Classical Academy Of Sarasota 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.

Revenue
$8,204,460 (2022)
Expenses
$5,001,269 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,885
  • Program Service Revenue: $5,441,433
  • Gross Receipts: $8,396,084

Assets and Liabilities:

  • Total Assets: $11,080,067
  • Total Liabilities: $6,412,419
  • Net Assets: $4,667,648

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

STUDENT ACTIVITIES

Revenue

$444,404

TUITION

Revenue

$4,997,029

Organization Details

Founding Year

2013

Principal Officer

David Sugar

Main Address

8350 BEE RIDGE RD 223, SARASOTA, FL, 34241

NTEE Category

Code: B29 - Education

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