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.
Official website here: www.ngagso.org
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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,997,373
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Official website here: www.ngagso.org
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.
Official website here: www.ngagso.org
Who is the CEO of Next Generation Academy Inc?
Dr Samuel Misher is the CEO of Next Generation Academy Inc The CEO's salary of Next Generation Academy Inc is $0 and their total compensation is $0.
Official website here: www.ngagso.org
What is the revenue of Next Generation Academy Inc?
Next Generation Academy Inc's revenue in 2024 was $6,010,958.
Official website here: www.ngagso.org
Who are the executives of Next Generation Academy Inc and what are their salaries?
The average compensation at Next Generation Academy Inc during 2024 was $29,386. There are 102 employees and 7 volunteers at Next Generation Academy Inc.
Here are 8 key members and their salaries (Next Generation Academy Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.ngagso.org
Where can I find the form 990 for Next Generation Academy Inc?
Next Generation Academy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ngagso.org
Learn more at the official website: www.ngagso.org
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 2024.
- Program Service Revenue: $4,537,339
- Gross Receipts: $6,010,958
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 appropriations
Revenue
$2,930,620
County appropriations
Revenue
$1,531,948
School food service charges
Revenue
$1,984
Other program service revenue
Revenue
$72,787
Organization Details
Founding Year
2013
Principal Officer
David Miller
Website
www.ngagso.orgNTEE Category
Code: B24 - Education
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