Overview
What is T2 Honors Academy?
T2 Honors Academy is a nonprofit institution situated in Warrensville Heights, Ohio, with a postal address at 18450 South Miles Road. The academy receives state grant funding to support its educational objectives. Its mission is to instill a passion for learning, intrinsic motivation, and self-discipline in its students through an innovative and rigorous curriculum. The ultimate goal is to foster strong character values and a desire to serve the public among its students, aiming to lead societal reforms that could positively impact society as a whole. The academy currently employs a team of 20 individuals.
Official website here: www.tsquaredacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
T2 Honors Academy has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall accountability and financial health. Although the organization excels in governance practices, with a fully independent board and comprehensive policy documentation, it struggles with financial performance metrics, particularly in its program expense ratio and liabilities to assets ratio.
The charity's program expense ratio is notably low at 33.06%, which suggests that only a small portion of its expenses is directed towards its programs. Additionally, the liabilities to assets ratio of 173.22% raises red flags about its financial stability, indicating that its liabilities exceed its assets significantly. These factors contribute to the overall low rating, signaling a need for improvement in financial management and program funding.
While T2 Honors Academy demonstrates strong governance and ethical practices, the significant financial challenges highlighted by its ratings may impact its ability to effectively fulfill its mission. Stakeholders should be aware of these limitations when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is T2 Honors Academy legitimate?
T2 Honors Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. T2 Honors 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: $667,457
For more financial information, click here
Official website here: www.tsquaredacademy.com
What is the mission statement of T2 Honors Academy?
T2 Honors Academy's mission is centered around providing an innovative academic curriculum that fosters a passion for people and instills self-discipline and intrinsic motivation in its students. The academy encourages its students to develop strong character values and a desire to serve the public, with the ultimate goal of leading global social reforms aimed at improving society for all. The institution receives state grant funding to support its educational purposes.
Official website here: www.tsquaredacademy.com
Who is the CEO of T2 Honors Academy?
Unavailable
Official website here: www.tsquaredacademy.com
What is the revenue of T2 Honors Academy?
T2 Honors Academy's revenue in 2022 was $1,461,107.
Official website here: www.tsquaredacademy.com
Who are the executives of T2 Honors Academy and what are their salaries?
The average compensation at T2 Honors Academy during 2022 was $33,373. There are 20 employees at T2 Honors Academy.
Here are 5 key members and their salaries:
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $700
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
Official website here: www.tsquaredacademy.com
Where can I find the form 990 for T2 Honors Academy?
T2 Honors Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tsquaredacademy.com
Learn more at the official website: www.tsquaredacademy.com
Mission Statement of T2 Honors Academy
T2 Honors Academy, as stated in its mission, aims to instill a deep passion for humanity and self-discipline in its students through an innovative and rigorous academic curriculum. The primary objective of this nonprofit institution is to foster strong character values and a keen desire among its students to contribute to public service, ultimately leading the way in societal reforms that can significantly enhance the lives of all individuals. By challenging its students, T2 Honors Academy encourages the development of virtues that can drive positive change in the world.
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Impact
July, 2024
T2 Honors Academy's impact lies in its innovative academic curriculum designed to instill a passion for people, intrinsic motivation, and self-discipline in its students. By challenging students to develop strong character values and a desire to serve publicly, the academy aims to equip future leaders who can lead social reforms and contribute to improving society for all. Through state grant funding and a focus on education, T2 Honors Academy in Warrensville Heights, OH, is making a significant impact on shaping the next generation of socially conscious leaders.
This information is meant to be a general summary of T2 Honors 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: $1,461,107
Assets and Liabilities:
- Total Assets: $916,583
- Total Liabilities: $1,493,501
- Net Assets: -$576,918
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Organization Details
Founding Year
2013
Phone
(216) 640-9551Main Address
18450 South Miles Road, Warrensville Heights, OH, 44128
Website
www.tsquaredacademy.comNTEE Category
Code: B29 - Education
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