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The Elmwood Academy

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

EIN: 471433197 ✦ Berkeley, CA ✦ Designated as a 501(c)(3)

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Overview

What is The Elmwood Academy?

The Elmwood Academy is a nonprofit organization situated in Berkeley, California, specifically at 2722 BENVENUE AVENUE. Its primary mission is to provide quality education to school-aged children, catering to students from kindergarten to eighth grade. This institution is dedicated to nurturing thoughtful, ambitious, and deeply curious learners. It values each student's individuality and fosters a sense of integrity, respect for others, and a commitment to serving the global community within its educational environment. With a team of 29 dedicated individuals, The Elmwood Academy is committed to shaping well-rounded and socially responsible young minds.


Official website here: www.theacademyschool.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% (Four-Star out of Four Star rating)

The Elmwood Academy has achieved a high rating of 94% from Charity Navigator, reflecting strong performance in accountability and finance. This Four-Star rating signifies that the organization is well-managed and transparent, which is critical for building trust with donors and stakeholders. The score is based solely on the accountability and finance beacon, indicating that financial integrity is a core strength of the organization.

The Academy boasts a fully independent board with all members meeting the criteria for independence, contributing to sound governance. The organization excels in financial statements, having received full marks for its audited financials, and demonstrates effective management of assets without any material diversions. Additionally, the presence of comprehensive policies such as conflict of interest, whistleblower, and document retention further highlights its commitment to accountability.

However, while the organization performs well in financial metrics, the summary does not provide insights into its programmatic impact or the outcomes of its initiatives. This could be an area where potential donors and stakeholders may seek additional information to understand the effectiveness of its programs. Overall, The Elmwood Academy presents a strong case for support based on its financial management and governance practices.


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

Is The Elmwood Academy legitimate?

The Elmwood Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Elmwood 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: $150,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,501,343

For more financial information, click here


Official website here: www.theacademyschool.org

What is the mission statement of The Elmwood Academy?

The Elmwood Academy's mission is centered around educating children from kindergarten to eighth grade. Its primary goal is to foster thoughtful, ambitious, and deep learners. The academy values each student's individuality and works towards cultivating their sense of integrity, respect for others, and commitment to service within a global society. Essentially, the academy's mission is to provide an educational environment that nurtures well-rounded individuals who are equipped with the necessary virtues to contribute positively to society.


Official website here: www.theacademyschool.org

Who is the CEO of The Elmwood Academy?

Celeste Penney is the Board Chair of The Elmwood Academy.


Official website here: www.theacademyschool.org

What is the revenue of The Elmwood Academy?

The Elmwood Academy's revenue in 2022 was $3,461,214.


Official website here: www.theacademyschool.org

Who are the executives of The Elmwood Academy and what are their salaries?

The average compensation at The Elmwood Academy during 2022 was $56,976. There are 29 employees and 7 volunteers at The Elmwood Academy.


Here are 6 key members and their salaries:


Vivek Mohta (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aurther Guimaraes (Finance Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zarin Noor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Soraya Rofagha (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnathan Walsh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Lynch (Head Of School)
  • Compensation: $160,706
  • Related: $0
  • Other: $0


Official website here: www.theacademyschool.org

Where can I find the form 990 for The Elmwood Academy?

The Elmwood Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.theacademyschool.org

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

Mission Statement of The Elmwood Academy

The Elmwood Academy, a prominent educational institution, is dedicated to nurturing children from kindergarten to eighth grade. Its primary objective is to foster thoughtful, ambitious, and deeply engaged learners. The Academy values each student's individuality and works to cultivate within them a strong sense of integrity, respect for others, and a commitment to serving in a global society. By focusing on these qualities, The Elmwood Academy aims to prepare its students for a successful journey in life.

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Impact




July, 2024

The Elmwood Academy in Berkeley, CA, is dedicated to educating children in kindergarten through eighth grade by fostering thoughtful, ambitious, and deep learners. The academy places a strong emphasis on honoring each student's individuality, cultivating integrity, respect for others, and promoting a commitment to service in a global society. Through its mission, The Elmwood Academy is making a significant impact by shaping students who are not only academically proficient but also socially responsible individuals ready to contribute positively to their communities and the world at large.




This information is meant to be a general summary of The Elmwood 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
$3,461,214 (2022)
Expenses
$3,184,296 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $794
  • Program Service Revenue: $3,436,246
  • Gross Receipts: $3,461,214

Assets and Liabilities:

  • Total Assets: $2,514,030
  • Total Liabilities: $1,488,669
  • Net Assets: $1,025,361

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Programs

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

TUITION AND FEES

Revenue

$3,436,246

Organization Details

Founding Year

2014

Principal Officer

Celeste Penney

Main Address

2722 BENVENUE AVENUE, BERKELEY, CA, 94705

NTEE Category

Code: B24 - Education

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