Overview
What is Butterflies Academy?
Butterflies Academy is a year-round preschool institution situated in Los Gatos, California. It caters to around 30 children, ranging from the age of 2, making them eligible for kindergarten. The primary mission of Butterflies Academy is to extend reduced-rate preschool education to children from low-income families and those in foster care. The preschool aims to foster learning and growth among its young students, providing them with a solid foundation before they transition into kindergarten. The organization employs a team of five individuals dedicated to this purpose.
Official website here: www.butterfliesacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating
Butterflies Academy has received a rating of 63% from Charity Navigator, which indicates room for improvement in terms of accountability and financial management. The organization has a low score in terms of board independence, with no independent board members. While it has established policies such as conflict of interest and whistleblower policies, it lacks transparency due to missing financial statements and tax forms on its website.
On the positive side, Butterflies Academy demonstrates a strong program expense ratio of 80.86%, suggesting that a significant portion of its budget is allocated directly to its mission-related activities. The organization also scores well on its liabilities to assets ratio, which reflects a relatively stable financial position. However, the absence of independent board oversight and financial documentation raises concerns regarding its governance practices.
Overall, while Butterflies Academy is effectively channeling funds towards its programs, the lack of independent oversight and transparency in financial reporting highlights important areas for development. Stakeholders might consider these factors when evaluating the organization's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Butterflies Academy legitimate?
Butterflies Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Butterflies 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: $139,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.butterfliesacademy.com
What is the mission statement of Butterflies Academy?
Butterflies Academy's mission is centered around providing affordable preschool education to children from low-income families and foster care. This institution is committed to serving approximately 30 children, from the age of two, preparing them for entry into kindergarten. The primary objective of Butterflies Academy is to provide an educational environment that is accessible to children who might otherwise not have the opportunity.
Official website here: www.butterfliesacademy.com
Who is the CEO of Butterflies Academy?
Farinaz Azarchehr is the Ceo And Sfo of Butterflies Academy. The CEO's salary of Butterflies Academy is $117,708 and their total compensation is $117,708.
Official website here: www.butterfliesacademy.com
What is the revenue of Butterflies Academy?
Butterflies Academy's revenue in 2022 was $703,381.
Official website here: www.butterfliesacademy.com
Who are the executives of Butterflies Academy and what are their salaries?
The average compensation at Butterflies Academy during 2022 was $27,912. There are 5 employees at Butterflies Academy.
Here are 2 key members and their salaries (Butterflies Academy's CEO's salary is $117,708 and their total compensation is $117,708):
- Compensation: $117,708
- Related: $0
- Other: $0
- Compensation: $21,850
- Related: $0
- Other: $0
Official website here: www.butterfliesacademy.com
Where can I find the form 990 for Butterflies Academy?
Butterflies Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.butterfliesacademy.com
Learn more at the official website: www.butterfliesacademy.com
Mission Statement of Butterflies Academy
Butterflies Academy, as a mission-driven organization, is committed to providing reduced-rate preschool education to low-income families and foster children. The primary goal of this nonprofit is to ensure that every child, regardless of their socio-economic status, has access to quality early education, which is crucial for their future development and readiness for Kindergarten. Butterflies Academy offers a year-round preschool program, serving approximately 30 children between the ages of 2 and up, providing them with a nurturing environment that fosters their overall growth and development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Butterflies Academy provides reduced-rate preschool education to low-income and foster children in Los Gatos, CA. Their year-round preschool program serves approximately 30 children aged 2 and up, preparing them for entry into kindergarten. By offering quality early education to those who may not have access otherwise, Butterflies Academy plays a crucial role in leveling the playing field for these vulnerable children and setting them up for future success.
This information is meant to be a general summary of Butterflies 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: $465,339
- Gross Receipts: $703,381
Assets and Liabilities:
- Total Assets: $980,407
- Total Liabilities: $523,582
- Net Assets: $456,825
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$465,339
Organization Details
Founding Year
2015
Phone
(408) 867-3772Principal Officer
Farinaz Azarchehr
Main Address
200 WINCHESTER CIR UNIT C322, Los Gatos, CA, 95032
Website
www.butterfliesacademy.comNTEE Category
Code: B21 - Education
If you are a representative of Butterflies Academy and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.