Overview
What is Children Of Light Academy Inc?
Children of Light Academy Inc is a nonprofit organization situated in New Port Richey, Florida. Its primary mission is to offer daycare services to the children belonging to the St. Verena Coptic Orthodox Church congregation. This institution is committed to providing a preschool environment that caters specifically to the needs of these children, ensuring their well-being and growth.
Official website here: www.cola@colacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 60%)
Children Of Light Academy Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operations and transparency. With an overall score of 60%, the organization demonstrates strengths in program expenses, reflecting a commitment to utilizing its resources effectively towards its mission. However, several significant weaknesses were identified, particularly in the areas of financial transparency and governance policies.
The organization scored well for having a fully independent board and for not having any material diversion of assets, which are positive indicators of its accountability. However, it lacks essential governance documentation, such as a conflict of interest policy, whistleblower policy, and retention policies, which raises concerns about its operational rigor. Additionally, the absence of financial statements and board meeting minutes limits stakeholders' ability to assess the organization’s financial health and decision-making processes.
Despite these challenges, the high program expense ratio suggests that funds are being directed towards its programs rather than administrative costs. To enhance its rating and stakeholder trust, Children Of Light Academy Inc would benefit from developing the necessary policies and improving its financial transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Children Of Light Academy Inc?
92% of 63 reviewers on Facebook recommend Children Of Light Academy Inc. Here is a summary of their reviews:
The organization is praised for its dedicated and compassionate staff, who consistently go above and beyond to support the children they serve. Many users highlight the warm and welcoming environment, indicating that the academy creates a positive experience for both children and their families.
Overall, it seems that Children Of Light Academy Inc. successfully fulfills its mission, with users appreciating the nurturing atmosphere and the commitment of the staff to help every child thrive.
This AI summary has been generated from reviews found on Facebook.
Is Children Of Light Academy Inc legitimate?
Children Of Light Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children Of Light Academy Inc 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: $489,268
For more financial information, click here
Official website here: www.cola@colacademy.org
What is the mission statement of Children Of Light Academy Inc?
The Children of Light Academy Inc. is committed to serving the day care needs of children affiliated with the St. Verena Coptic Orthodox Church. Their primary mission is to provide a nurturing and educational environment for these children, ensuring their well-being and development during their formative years. The academy aims to support the families of these children by offering reliable day care services, thereby enabling them to fulfill their personal and religious responsibilities. The academy's operations are focused on providing a safe, stimulating, and nurturing environment that promotes learning and personal growth.
Official website here: www.cola@colacademy.org
Who is the CEO of Children Of Light Academy Inc?
Fr Aghason Saleh is the Trustee of Children Of Light Academy Inc.
Official website here: www.cola@colacademy.org
What is the revenue of Children Of Light Academy Inc?
Children Of Light Academy Inc's revenue in 2022 was $963,222.
Official website here: www.cola@colacademy.org
Who are the executives of Children Of Light Academy Inc and what are their salaries?
The average compensation at Children Of Light Academy Inc during 2022 was $13,591. There are 36 employees at Children Of Light Academy Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cola@colacademy.org
Where can I find the form 990 for Children Of Light Academy Inc?
Children Of Light Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cola@colacademy.org
Learn more at the official website: www.cola@colacademy.org
Mission Statement of Children Of Light Academy Inc
Children of Light Academy Inc, a nonprofit organization, is committed to providing day care services for the children belonging to the congregation of St. Verena Coptic Orthodox Church. The mission of this institution is to offer a nurturing environment and educational opportunities for these young minds, ensuring their well-being and growth while their parents attend religious services or other activities. The academy strives to uphold the values and teachings of the Coptic Orthodox Church, fostering a strong sense of community and spiritual growth among the children.
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Impact
July, 2024
Children Of Light Academy Inc's impact is significant as it provides essential day care services to the congregational kids of St. Verena Coptic Orthodox Church in New Port Richey, FL. By offering a safe and nurturing environment for these children, the academy plays a crucial role in supporting working parents and ensuring the well-being and development of the young ones in the community. This initiative not only meets an immediate need for childcare but also contributes to the overall education and growth of the children, thereby making a positive impact on the families and the community as a whole.
This information is meant to be a general summary of Children Of Light Academy Inc. 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: $963,222
- Gross Receipts: $963,222
Assets and Liabilities:
- Total Assets: $414,043
- Total Liabilities: $0
- Net Assets: $414,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARLY LEARINING PAYMENTS
Revenue
$963,222
Organization Details
Founding Year
2014
Phone
(727) 940-5361Principal Officer
Fr Aghason Saleh
Main Address
6140 PERRINE RANCH RD, NEW PORT RICHEY, FL, 346553822
Website
www.cola@colacademy.orgNTEE Category
Code: B21 - Education
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