Overview
What is Fit Academy?
Fit Academy is a nonprofit organization situated in Apple Valley, Minnesota. With a growing student enrollment, now including Grade 12, the institution has expanded its programs to cater to its increased student body, currently numbering 283. The primary objective of Fit Academy is to holistically prepare its students for life. It achieves this by fostering mental, physical, and emotional development, integrating these areas to create an impact on student growth that surpasses the sum of individual developmental aspects. This integration is encapsulated in the Fit Academy acronym, representing Fitness, Intellect, and Teamwork. The school's purpose is to empower students to live fulfilling, responsible, and successful lives, setting them up for a prosperous future.
Official website here: www.fitacademymn.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 77%, Three-Star out of Four Star rating.
Fit Academy has received a Three-Star rating from Charity Navigator, indicating a solid performance, particularly in the areas of Accountability and Finance. With a score of 77, the organization demonstrates strengths in governance, including a majority of independent board members and strong audit oversight. The organization maintains a high program expense ratio, dedicating over 73% of its funds directly to its programs, which is a positive indicator of its commitment to its mission.
However, there are notable limitations in Fit Academy's accountability practices. The absence of a whistleblower policy and the failure to post its tax form on its website raise concerns about transparency and risk management. Additionally, the liabilities to assets ratio indicates potential financial instability, scoring poorly in this area, which suggests the organization may have more liabilities than assets.
Overall, while Fit Academy shows commendable dedication to its programs and has a strong governance structure, it could benefit from enhancing its transparency and addressing its financial management practices to improve its overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Fit Academy legitimate?
Fit Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fit 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: $384,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,902,511
For more financial information, click here
Official website here: www.fitacademymn.org
What is the mission statement of Fit Academy?
Fit Academy's mission is centered around preparing students holistically for life. The institution believes that its educational approach empowers students to lead fulfilling, responsible, and successful lives. This is achieved by integrating mental, physical, and emotional development in a purposeful manner. The school's Fit acronym represents these areas, encompassing Fitness, Intellect, and Teamwork. The integration of these areas leads to a significant impact on student development, surpassing the effects of each individual developmental area separately.
Official website here: www.fitacademymn.org
Who is the CEO of Fit Academy?
Claud Allaire is the Executive Director of Fit Academy.
Official website here: www.fitacademymn.org
What is the revenue of Fit Academy?
Fit Academy's revenue in 2022 was $4,399,675.
Official website here: www.fitacademymn.org
Who are the executives of Fit Academy and what are their salaries?
The average compensation at Fit Academy during 2022 was $31,326. There are 73 employees and 27 volunteers at Fit Academy.
Here are 9 key members and their salaries:
- Compensation: $123,110
- Related: $0
- Other: $11,458
- Compensation: $103,896
- Related: $0
- Other: $9,682
- Compensation: $75,898
- Related: $0
- Other: $12,270
- Compensation: $69,078
- Related: $0
- Other: $6,032
- 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.fitacademymn.org
Where can I find the form 990 for Fit Academy?
Fit Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fitacademymn.org
Learn more at the official website: www.fitacademymn.org
Mission Statement of Fit Academy
Fit Academy, a nonprofit organization, is committed to preparing its students holistically for life. They believe that their educational approach empowers students to lead fulfilling, responsible, and successful lives. This is achieved by purposefully integrating mental, physical, and emotional development. The acronym FIT, representing Fitness, Intellect, and Teamwork, encapsulates these three essential areas. This integrated developmental approach produces an impact on student development that surpasses the sum of each individual area. Thus, Fit Academy aims to nurture well-rounded individuals who are equipped to navigate life's challenges effectively.
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Impact
July, 2024
Fit Academy's impact is evident in the holistic development of its students. By integrating mental, physical, and emotional development through fitness, intellect, and teamwork, the school empowers students to lead fulfilling, responsible, and successful lives. This purposeful approach results in a profound impact on student development, transcending individual areas to create a well-rounded and empowered student body. With a growing enrollment and expanding programs, Fit Academy continues to shape the future of its students in Apple Valley, MN.
This information is meant to be a general summary of Fit 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.
- Program Service Revenue: $32,470
- Gross Receipts: $4,399,945
Assets and Liabilities:
- Total Assets: $5,343,445
- Total Liabilities: $5,711,787
- Net Assets: -$368,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARGES FOR SERVICES
Revenue
$21,778
OTHER PROGRAM REVENUE
Revenue
$10,692
Organization Details
Founding Year
2014
Phone
(952) 847-3798Principal Officer
Claud Allaire
Main Address
7200 147TH STREET W, APPLE VALLEY, MN, 55124
Website
www.fitacademymn.orgNTEE Category
Code: N00 - Recreation
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