Overview
What is Virtus Academy Of South Carolina?
Virtus Academy of South Carolina is a publicly funded, charter school located at 2407 Pisgah Road, Florence, SC 29501. Established in 2018, the school serves students from kindergarten to eighth grade. Virtus Academy is committed to offering a personalized educational experience for its students by integrating project-based learning into science and social studies. The school's mission is to foster student success in civic and career aspects through rigorous academics, leadership development, and project-based learning. During the 2021-22 school year, the academy enrolled approximately 545 students in its fourth year of operation. With a team of 121 employees, Virtus Academy aims to advance student achievement and support parental choices in education.
Official website here: www.virtusacademysc.org
What are the reviews and ratings of this charity?
**: Needs Improvement** nt**
Virtus Academy Of South Carolina holds a two-star rating from Charity Navigator, reflecting a 73% score in Accountability & Finance. This rating indicates that while the organization demonstrates several strengths in governance practices and financial health, it reveals room for enhancement in other critical areas, particularly in leadership adaptability and community culture, which are not assessed in the overall score.
Strengths highlighted include a fully independent board of directors, with a solid financial auditing process and a lack of material diversions of assets. However, areas needing improvement include the absence of key policies like a whistleblower policy and document retention practices, along with a concerning liabilities to assets ratio. The organization has a good program expense ratio, indicating that a significant portion of funds is directed towards its mission.
User reviews from GreatNonprofits could not be retrieved, providing no additional community input on the organization's impact or reputation. Overall, while the organization shows capabilities in financial management, its lack of adaptability and community engagement policies may limit its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Virtus Academy Of South Carolina legitimate?
Virtus Academy Of South Carolina is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virtus Academy Of South Carolina 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: $48,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,892,472
For more financial information, click here
Official website here: www.virtusacademysc.org
What is the mission statement of Virtus Academy Of South Carolina?
Virtus Academy of South Carolina, established in 2018, is committed to fostering student success. Their mission is threefold: firstly, to equip students with the necessary skills for both civic and professional life through rigorous academics. Secondly, they focus on nurturing leadership abilities in their students. Lastly, they promote project-based learning, integrating it into subjects like science and social studies, to offer a more personalized educational experience. This approach aims to prepare students for their future endeavors, fostering a well-rounded development. During the 2021-22 school year, approximately 545 students were enrolled at Virtus Academy, marking its fourth year as a public charter school serving students from kindergarten through grade 8.
Official website here: www.virtusacademysc.org
Who is the CEO of Virtus Academy Of South Carolina?
Thomas Ducey is the Member At Large of Virtus Academy Of South Carolina.
Official website here: www.virtusacademysc.org
What is the revenue of Virtus Academy Of South Carolina?
Virtus Academy Of South Carolina's revenue in 2022 was $7,187,455.
Official website here: www.virtusacademysc.org
Who are the executives of Virtus Academy Of South Carolina and what are their salaries?
The average compensation at Virtus Academy Of South Carolina during 2022 was $24,308. There are 121 employees and 16 volunteers at Virtus Academy Of South Carolina.
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- Compensation: $48,769
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Official website here: www.virtusacademysc.org
Where can I find the form 990 for Virtus Academy Of South Carolina?
Virtus Academy Of South Carolina's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.virtusacademysc.org
Learn more at the official website: www.virtusacademysc.org
Mission Statement of Virtus Academy Of South Carolina
Virtus Academy of South Carolina, established in 2018, is a public charter school that focuses on project-based learning (PBL) integration in science and social studies. This educational institution is committed to providing parents with a choice for a more personalized education for their children. The mission of Virtus Academy of South Carolina is to foster student achievement by preparing them for both civic and career success. This is achieved through rigorous academics, leadership development, and the implementation of project-based learning. By adhering to this mission, the academy seeks to equip its students with the necessary skills to thrive in various aspects of life. During the 2021-22 school year, Virtus Academy of South Carolina served approximately 545 students, making significant strides in its fourth year as a public charter school catering to students from kindergarten to eighth grade.
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Impact
July, 2024
Virtus Academy Of South Carolina has made a significant impact by providing a free, public charter school option for families seeking a more personalized education for their children. With a focus on project-based learning in science and social studies, Virtus Academy enrolled approximately 545 students during the 2021-22 school year. This institution, now in its fourth year of operation, plays a crucial role in advancing student achievement by preparing students for civic and career success through rigorous academics, leadership development, and innovative learning approaches.
This information is meant to be a general summary of Virtus Academy Of South Carolina. 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.
- Investment Income: $289
- Program Service Revenue: $246,539
- Gross Receipts: $7,191,593
Assets and Liabilities:
- Total Assets: $15,699,579
- Total Liabilities: $13,725,595
- Net Assets: $1,973,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUE-AFTER SCHOOL P
Revenue
$129,237
TUITION AND FEES
Revenue
$70,593
PUPIL ACTIVITY
Revenue
$44,247
OTHER REVENUE
Revenue
$2,055
SCHOOL LUNCH SALES
Revenue
$407
Organization Details
Founding Year
2013
Phone
(843) 799-4032Principal Officer
Thomas Ducey
Main Address
2407 PISGAH ROAD, FLORENCE, SC, 29501
Website
www.virtusacademysc.orgNTEE Category
Code: W99 - Public benefit
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