Overview
What is Next Generation Academy Inc?
Next Generation Academy Inc, located in Greensboro, North Carolina, is a nonprofit organization that operates a public charter school. Serving approximately 313 students during the 2021-2022 fiscal year, this institution is committed to providing quality education within the state of North Carolina. The organization employs a staff of 91 individuals, dedicated to ensuring the success of their students. Despite not providing specifics on the educational approach or extra-curricular activities, the focus of Next Generation Academy Inc remains clear: the operation of a North Carolina public charter school.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Next Generation Academy Inc has received a Two-Star rating on Charity Navigator, indicating some strengths but also key areas for improvement. The organization has a strong governance framework, with 100% independent board members and a solid financial oversight structure. Their program expense ratio is commendable at 75.84%, suggesting that a significant portion of their budget is directed towards their mission-driven activities.
Despite these strengths, there are significant shortcomings in their accountability practices. Notably, the organization lacks a whistleblower policy and a document retention policy, which may raise concerns regarding transparency and risk management. Additionally, their liabilities to assets ratio is at 88.30%, indicating potential financial stability issues that could affect future operations.
Overall, while Next Generation Academy Inc demonstrates a commitment to its mission through effective program spending, the absence of essential governance policies and the financial ratio concerns highlight areas that need attention to enhance their credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Next Generation Academy Inc legitimate?
Next Generation Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Next Generation Academy 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: $66,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,612,683
For more financial information, click here
What is the mission statement of Next Generation Academy Inc?
Next Generation Academy Inc's mission is centered around operating a public charter school. This mission is carried out by providing educational services to students. During the fiscal year ending on June 30, 2022, they served approximately 313 students in Greensboro, North Carolina. The organization's primary focus is on running a public charter school, which implies a commitment to providing quality education and fostering a learning environment. However, as the provided information is limited, the specific objectives or goals of this educational institution beyond operating a school remain unclear.
Who is the CEO of Next Generation Academy Inc?
David Miller is the Board Chair of Next Generation Academy Inc. The CEO's salary of Next Generation Academy Inc is $66,000 and their total compensation is $66,000.
What is the revenue of Next Generation Academy Inc?
Next Generation Academy Inc's revenue in 2022 was $5,535,592.
Who are the executives of Next Generation Academy Inc and what are their salaries?
The average compensation at Next Generation Academy Inc during 2022 was $29,436. There are 91 employees and 7 volunteers at Next Generation Academy Inc.
Here are 7 key members and their salaries (Next Generation Academy Inc's CEO's salary is $66,000 and their total compensation is $66,000):
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- Compensation: $66,000
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Where can I find the form 990 for Next Generation Academy Inc?
Next Generation Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Next Generation Academy Inc
Next Generation Academy Inc, as stated in its mission, is dedicated to the operation of a North Carolina public charter school. This mission translates into providing educational services to its students, numbering approximately 313, during the fiscal year ending on June 30, 2022. The organization's role in operating a public charter school is crucial in contributing to the educational landscape, offering a learning environment that caters to the needs of its student body.
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Impact
July, 2024
Next Generation Academy Inc's impact can be seen in its operation of a public charter school in Greensboro, North Carolina, serving approximately 313 students. By providing these students with education and learning opportunities, the organization is contributing to the growth and development of the local community. Through its mission to operate a North Carolina public charter school, Next Generation Academy Inc is making a difference in the lives of students and families in Greensboro and beyond.
This information is meant to be a general summary of Next Generation Academy 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $3,204,537
- Gross Receipts: $5,535,592
Assets and Liabilities:
- Total Assets: $512,660
- Total Liabilities: $693,165
- Net Assets: -$180,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE FUNDING
Revenue
$2,270,105
COUNTY FUNDING
Revenue
$916,723
SCHOOL ACTIVITIES
Revenue
$14,628
SCHOOL FOOD SERVICE
Revenue
$3,081
Organization Details
Founding Year
2013
Phone
(336) 271-9030Principal Officer
David Miller
Main Address
3740 SOUTH HOLDEN RD, GREENSBORO, NC, 27406
NTEE Category
Code: B24 - Education
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