Overview
What is Success Academy?
Success Academy is a nonprofit organization situated in Bloomington, Minnesota, specifically at 8201 Park Avenue. Last year, the institution served over 300 students, marking its largest state enrollment to date. The organization expanded its reach by establishing a second location in St. Cloud, Minnesota, during the same period. Success Academy's mission is to foster students who become discerning questioners, critical thinkers, and responsible citizens. The organization's data, including test results and demographic information, can be accessed on the Minnesota Department of Education's website. The nonprofit employs a total of 84 individuals.
Official website here: www.successacademymn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Success Academy has received a two-star rating from Charity Navigator, indicating a need for improvement despite achieving a perfect score in accountability and finance. The organization demonstrates strong governance practices with a fully independent board and comprehensive financial oversight. However, it faces challenges related to missing policies, such as whistleblower and document retention policies, and a concerning liabilities to assets ratio of 91.74%, which suggests potential financial stability issues.
User feedback highlights a positive environment within Success Academy, particularly emphasizing the commitment of staff to student success and community engagement. Many reviews speak to the strong relationships built between educators, students, and parents, fostering a supportive atmosphere for learning. The school's emphasis on STEM education and personalized instruction is noted as beneficial for student development.
Despite the overall favorable feedback from employees and community involvement, concerns about financial management and policy compliance indicate areas that require attention. Continuous improvement in these aspects could enhance the organization's overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Success Academy legitimate?
Success Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Success 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: $1,555,406
For more financial information, click here
Official website here: www.successacademymn.org
What is the mission statement of Success Academy?
Success Academy's mission is centered around preparing its students to become proficient in critical thinking, science, and responsible citizenship. The educational institution strives to foster an environment where students develop into excellent questioners, encouraging a scientific approach to learning, and instilling a sense of responsibility towards their communities.
Official website here: www.successacademymn.org
Who is the CEO of Success Academy?
Magdy Rabeaa is the Member of Success Academy.
Official website here: www.successacademymn.org
What is the revenue of Success Academy?
Success Academy's revenue in 2022 was $4,803,823.
Official website here: www.successacademymn.org
Who are the executives of Success Academy and what are their salaries?
The average compensation at Success Academy during 2022 was $18,517. There are 84 employees and 5 volunteers at Success Academy.
Here are 6 key members and their salaries:
- Compensation: $12,818
- Related: $0
- Other: $1,212
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.successacademymn.org
Where can I find the form 990 for Success Academy?
Success Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.successacademymn.org
Learn more at the official website: www.successacademymn.org
Mission Statement of Success Academy
Success Academy, a renowned organization, is committed to its mission of fostering the development of well-informed, analytical, and responsible individuals. Its primary goal is to prepare students to excel in critical thinking, scientific inquiry, and civic responsibility. This mission is a guiding principle that drives the institution's educational approach and curriculum. By nurturing students to become excellent questioners, Success Academy aims to equip them with the skills necessary to navigate the complexities of the modern world.
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Impact
July, 2024
Success Academy's impact can be seen in the transformation of students into excellent questioners, scientific thinkers, and responsible citizens. With a commitment to quality education, Success Academy has served over 300 students, its largest state enrollment to date. The expansion to a second location in St. Cloud, MN, underscores its dedication to reaching more students and communities. Test results and demographic information attest to the success of Success Academy in equipping students with the skills and mindset needed for success in a rapidly evolving world.
This information is meant to be a general summary of Success 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: $4,803,823
Assets and Liabilities:
- Total Assets: $3,286,502
- Total Liabilities: $2,439,688
- Net Assets: $846,814
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Organization Details
Founding Year
2015
Principal Officer
Magdy Rabeaa
Main Address
8201 PARK AVENUE, BLOOMINGTON, MN, 55420
Website
www.successacademymn.orgNTEE Category
Code: B20 - Education
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