Overview
What is Starlet Academy?
Starlet Academy is a child care organization situated in Paterson, New Jersey, specifically at 103 North Main Street. This nonprofit has experienced a significant increase in student enrollment, nearly doubling its previous count, as it continues to contribute to the community by providing a secure environment for families in need. Starlet Academy's primary mission involves catering to infants, toddlers, and school-aged children, offering instruction in various subjects such as science, art, music, yoga, and gardening. With a dedicated workforce of 10 employees, the organization remains committed to serving its community and fostering the growth and development of its young students.
Official website here: www.starletacademynj.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
Starlet Academy has received a Zero-Star out of Four Star rating with an overall score of 14%, primarily based on its Accountability & Finance metrics. The organization has significant weaknesses in its governance, with a board that lacks independent members and several critical policies absent, such as conflict of interest and whistleblower policies. Financial transparency is another area of concern, as the organization did not provide financial statements, contributing to its low score in this category.
The absence of independent board members and missing financial documents raises red flags about the organization's governance structure and accountability. While there is a record of board meeting minutes, the lack of essential policies and guidelines makes it challenging to assess how Starlet Academy ensures compliance and integrity in its operations. Furthermore, the liabilities to assets ratio indicates potential financial instability.
Despite these limitations, the organization has demonstrated some positive attributes, such as having its website listed on the tax form. However, the substantial gaps in financial documentation and governance policies overshadow these strengths. Overall, potential donors and supporters may want to approach with caution, considering the significant accountability issues highlighted in the rating.
This AI summary has been generated from information found on Charity Navigator.
Is Starlet Academy legitimate?
Starlet Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Starlet 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: $33,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,871
For more financial information, click here
Official website here: www.starletacademynj.com/
What is the mission statement of Starlet Academy?
Starlet Academy, as a child care organization, focuses on serving infants, toddlers, preschoolers in the pre-K3 and pre-K4 categories, as well as after schoolers. Their mission is to provide a stimulating environment for these children, teaching them various subjects such as science, art, music, yoga, and gardening. The organization aims to create a safe haven for families in need, contributing significantly to the community by increasing its student body by nearly 50% from the previous year.
Official website here: www.starletacademynj.com/
Who is the CEO of Starlet Academy?
Carol Sobh is the President of Starlet Academy.
Official website here: www.starletacademynj.com/
What is the revenue of Starlet Academy?
Starlet Academy's revenue in 2022 was $522,806.
Official website here: www.starletacademynj.com/
Who are the executives of Starlet Academy and what are their salaries?
The average compensation at Starlet Academy during 2022 was $25,772. There are 10 employees at Starlet Academy.
There is 1 key member and their salary:
- Compensation: $33,846
- Related: $0
- Other: $0
Official website here: www.starletacademynj.com/
Where can I find the form 990 for Starlet Academy?
Starlet Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.starletacademynj.com/
Learn more at the official website: www.starletacademynj.com/
Mission Statement of Starlet Academy
Starlet Academy, a child care organization, is committed to serving infants, toddlers, pre-kindergarten 3 and 4, and after-school children. Its mission is to provide a nurturing environment where children can explore various subjects such as science, art, music, yoga, and gardening. By doing so, Starlet Academy aims to stimulate the intellectual, artistic, and physical growth of each child under its care. The organization's mission is to serve as a safe haven for families in need, contributing to the community by promoting holistic development for its young students. The increased student size by nearly 50% from the previous year is a testament to Starlet Academy's success in fulfilling its mission and serving the community.
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Impact
July, 2024
Starlet Academy has significantly impacted the community by increasing its student size by nearly 50% from the previous year. By providing child care services for infants, toddlers, preschoolers, and after-schoolers, and offering educational programs in science, art, music, yoga, and gardening, Starlet Academy has become a safe haven for families in need in Paterson, NJ. This organization is dedicated to youth development and has made a positive difference in the lives of many children and their families.
This information is meant to be a general summary of Starlet 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.
- Program Service Revenue: $519,070
- Gross Receipts: $559,078
Assets and Liabilities:
- Total Assets: $218,248
- Total Liabilities: $207,021
- Net Assets: $11,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care
Revenue
$519,070
Organization Details
Founding Year
2017
Principal Officer
Carol Sobh
Main Address
103 North Main Street, Paterson, NJ, 07522
Website
www.starletacademynj.com/NTEE Category
Code: O50 - Youth development
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