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Precious Hearts Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471215869 ✦ San bernardino, CA ✦ Designated as a 501(c)(3)

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Overview

What is Precious Hearts Academy?

Precious Hearts Academy is a dedicated nonprofit institution catering to K-12 students with exceptionalities and their families. It offers a unique, individualized educational program that integrates various disciplines and is grounded in clinical evidence-based research. The academy's mission is to facilitate the holistic development of its students by providing an enriched and trans-disciplinary learning environment. Precious Hearts Academy stands out by offering special education services to its pupils, ensuring they receive the support they require to thrive academically and personally.


Official website here: www.preciousheartsacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating.

Precious Hearts Academy has received a Two-Star rating from Charity Navigator, indicating some concerns in its accountability and financial practices. The organization shows strengths in board independence, with a majority of independent members and a good financial liabilities to assets ratio, which suggests a stable financial footing. Additionally, a high program expense ratio indicates that a significant portion of its budget is allocated directly to its programs.

However, the rating reflects substantial weaknesses in transparency and governance. Notably, the organization lacks key policies, such as a conflict of interest policy, whistleblower policy, and document retention guidelines. Furthermore, the absence of financial statements on its website is a significant drawback, impacting the overall score and raising questions about the nonprofit's financial disclosure practices.

Overall, while Precious Hearts Academy demonstrates a commitment to program spending and has a solid board structure, improvements are needed in transparency and governance practices to enhance trust and accountability among stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Precious Hearts Academy legitimate?

Precious Hearts Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious Hearts 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: $285,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,252,803

For more financial information, click here


Official website here: www.preciousheartsacademy.org

What is the mission statement of Precious Hearts Academy?

Precious Hearts Academy is committed to serving K-12 students with exceptionalities and their families. Their mission is to offer an individualized, enriched, trans-disciplinary, and integrated educational program based on clinical evidence-based research standards. This program is designed to facilitate whole-person development. The academy provides special education services to its students, utilizing a methodology grounded in robust research standards. The goal is to cater to each student's unique needs, ensuring they reach their full potential.


Official website here: www.preciousheartsacademy.org

Who is the CEO of Precious Hearts Academy?

Sharmel Weerasinghe is the Chairman Of The Board of Precious Hearts Academy.


Official website here: www.preciousheartsacademy.org

What is the revenue of Precious Hearts Academy?

Precious Hearts Academy's revenue in 2023 was $2,113,777.


Official website here: www.preciousheartsacademy.org

Who are the executives of Precious Hearts Academy and what are their salaries?

The average compensation at Precious Hearts Academy during 2023 was $19,223. There are 80 employees at Precious Hearts Academy.


Here are 7 key members and their salaries:


Daniel E Olson (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharmel Weerasinghe (President)
  • Compensation: $175,000
  • Related: $0
  • Other: $11,261
Jeevaka Weerasinghe (Executive Vice President)
  • Compensation: $110,000
  • Related: $0
  • Other: $0
Christian Iordan (Vice President, Public Rel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francesca Kuruppu (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Field (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Pollock (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.preciousheartsacademy.org

Where can I find the form 990 for Precious Hearts Academy?

Precious Hearts Academy's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.preciousheartsacademy.org

Learn more at the official website: www.preciousheartsacademy.org

Mission Statement of Precious Hearts Academy

Precious Hearts Academy, a dedicated institution, is committed to serving K-12 students with exceptionalities and their families. Its mission is to offer an individualized, enriched, trans-disciplinary, and integrated educational program based on clinical evidence-based research standards. The academy aims to facilitate whole-person development for these students. By employing this approach, Precious Hearts Academy strives to provide a comprehensive education that goes beyond traditional academic subjects, ensuring a well-rounded growth for its students. The academy's special education services are tailored to meet the unique needs of each student, ensuring they receive the support they require to thrive.

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Impact




July, 2024

Precious Hearts Academy's impact lies in its dedicated service to K-12 students with exceptionalities and their families in San Bernardino, CA. By providing an individualized, enriched, trans-disciplinary, and integrated educational program based on clinical evidence-based research standards, the academy facilitates the holistic development of each student. Through its special education services, Precious Hearts Academy plays a vital role in supporting the academic and personal growth of students who require specialized learning environments.




This information is meant to be a general summary of Precious Hearts 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.

Revenue
$2,113,777 (2023)
Expenses
$1,981,371 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $2,109,706
  • Gross Receipts: $2,113,777

Assets and Liabilities:

  • Total Assets: $1,644,342
  • Total Liabilities: $89,490
  • Net Assets: $1,554,852

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SPECIAL EDUCATION SERV

Revenue

$2,109,706

Organization Details

Founding Year

2014

Principal Officer

Sharmel Weerasinghe

Main Address

225 WEST HOSPITALITY LN 108, SAN BERNARDINO, CA, 92408

NTEE Category

Code: B28 - Education

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