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Vega Collegiate Academy

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

EIN: 472103502 ✦ Aurora, CO ✦ Designated as a 501(c)(3)

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Overview

What is Vega Collegiate Academy?

Vega Collegiate Academy is a publicly funded charter school situated in Aurora, Colorado. With an enrollment of approximately 495 students for the 2021-2022 academic year, the school is committed to providing an academically rigorous education focusing on literacy and mathematics. The extended school day and slightly longer school year are designed to foster critical thinking and deep engagement with text in all subjects. The curriculum adheres to Common Core aligned standards, and assessments are based on rigorous national and state requirements. Support is offered to students requiring additional assistance, acceleration, or individual learning needs. The school employs 76 individuals, dedicated to the growth and success of its students.


Official website here: www.vegacollegiateacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 48%, Zero-Star out of Four Star Rating

Vega Collegiate Academy has received a low rating of 48% from Charity Navigator, primarily due to its accountability and finance metrics. While the organization boasts a fully independent board and has policies in place to address conflicts of interest and whistleblower protections, it has fallen short in key financial reporting areas, particularly the lack of financial statements, which significantly impacts its score. The liabilities to assets ratio is concerning, indicating potential financial risks.

Despite the governance strengths highlighted, the overall rating suggests that Vega Collegiate Academy has significant room for improvement in financial transparency and performance. The low program expense ratio indicates that a relatively small portion of its expenditures is going toward its programs, which may raise questions about the effectiveness and impact of its operations.

Not Available


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

Is Vega Collegiate Academy legitimate?

Vega Collegiate Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vega Collegiate 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: $110,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,317,534

For more financial information, click here


Official website here: www.vegacollegiateacademy.org

What is the mission statement of Vega Collegiate Academy?

Vega Collegiate Academy is committed to providing an academically rigorous education, focusing on improving literacy and math skills. The school operates with an extended school day and a slightly longer school year, ensuring every minute is utilized for learning. The curriculum is designed to challenge students, encouraging them to engage deeply with text and think critically across various subjects. Assessments are based on rigorous national and state standards, as well as respected national reading requirements. Support is promptly provided to students requiring additional assistance, acceleration, or catering to individual learning needs.


Official website here: www.vegacollegiateacademy.org

Who is the CEO of Vega Collegiate Academy?

Kathryn Mullins is the Chairman of Vega Collegiate Academy.


Official website here: www.vegacollegiateacademy.org

What is the revenue of Vega Collegiate Academy?

Vega Collegiate Academy's revenue in 2022 was $8,443,166.


Official website here: www.vegacollegiateacademy.org

Who are the executives of Vega Collegiate Academy and what are their salaries?

The average compensation at Vega Collegiate Academy during 2022 was $45,110. There are 76 employees and 51 volunteers at Vega Collegiate Academy.


Here are 9 key members and their salaries:


Mark Marshall (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miguel Lovato (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Amaya (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Audrey Sevait (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy Swanhorst (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Caputo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taryn Tong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathryn Mullins (Executive Director)
  • Compensation: $98,647
  • Related: $0
  • Other: $22,131


Official website here: www.vegacollegiateacademy.org

Where can I find the form 990 for Vega Collegiate Academy?

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


Official website here: www.vegacollegiateacademy.org

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

Mission Statement of Vega Collegiate Academy

Vega Collegiate Academy, an educational institution, is dedicated to an academically rigorous approach, designed with an extended school day and a slightly longer school year. Its primary focus lies in the development of strong literacy and math skills in its students. The curriculum encourages students to delve deeply into text and think critically about their learning in every subject area. Every instructional minute is utilized to help students master ambitious, Common Core aligned standards, and assessments are based on rigorous national and state standards, as well as respected national reading requirements. The school provides immediate support to students who require additional assistance, further acceleration, or cater to individual learning needs.

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Impact




July, 2024

Vega Collegiate Academy makes a significant impact by providing a rigorous academic curriculum that focuses on literacy and math skills. With an extended school day and year, students are pushed to engage deeply with text and think critically across all subjects. The school's emphasis on mastering ambitious standards and providing immediate support for students in need of assistance or acceleration contributes to the academic growth and success of its student body. Vega Collegiate Academy's commitment to high academic standards and individualized support ensures that students are well-prepared for future academic and professional endeavors.




This information is meant to be a general summary of Vega Collegiate 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
$8,443,166 (2022)
Expenses
$8,825,790 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $9,584
  • Program Service Revenue: $4,835,141
  • Gross Receipts: $8,443,166

Assets and Liabilities:

  • Total Assets: $19,926,583
  • Total Liabilities: $22,039,749
  • Net Assets: -$2,113,166

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Programs

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

Per Pupil Revenue

Revenue

$4,802,440

Student Fees and Activ

Revenue

$32,701

Organization Details

Founding Year

2014

Principal Officer

Kathryn Mullins

Main Address

1400 Yosemite Street, Aurora, CO, 80010

NTEE Category

Code: B29 - Education

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