Overview
What is Grace Academy Inc?
Grace Academy Inc, situated in Hagerstown, Maryland, is a private, Christian educational institution that admits students from kindergarten to twelfth grade. Accredited by independent agencies and recognized by the state of Maryland, the school provides a well-rounded, faith-based education to the local community of Washington County. Beyond its local reach, Grace Academy hosts a student exchange program, offering foreign students an equivalent educational experience during their stay. With a dedicated workforce of 96 individuals, the academy's mission is to nurture and develop the God-given potential in each student, preparing them to serve as followers of Jesus Christ in the world.
Official website here: www.gaknights.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Grace Academy Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 77% in the Accountability & Finance category. This rating indicates that the organization adheres to key accountability standards, suggesting a commitment to financial transparency and responsible governance practices.
The nonprofit showcases several strengths, including a fully independent board with eight members, and has established robust policies such as conflict of interest and whistleblower protection. Additionally, there have been no reported issues regarding material diversion of assets, which further enhances the organization's credibility. With a program expense ratio of 73.62%, the majority of spending is directed towards its core mission.
However, while the organization's financial practices are commendable, the overall rating is solely based on the Accountability & Finance beacon, which may not capture other important aspects such as program impact or community feedback. As such, potential donors and supporters should consider this rating within a broader context of the organization's overall effectiveness and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Academy Inc legitimate?
Grace Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace 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: $1,675,543
For more financial information, click here
Official website here: www.gaknights.org
What is the mission statement of Grace Academy Inc?
Grace Academy Inc, a non-discriminatory private Christian educational institution, seeks to foster the God-given potential in each student through high-quality Christian education. The academy aims to prepare its students to serve as followers of Jesus Christ in the world. It provides a well-rounded, Christian-based education, ensuring that students from Kindergarten 3 to Grade 12 receive a comprehensive learning experience. The academy is recognized by state authorities and accredited by independent agencies, ensuring its commitment to providing quality education. Grace Academy also hosts a student exchange program, allowing foreign students to partake in the same educational opportunities as local students during their stay.
Official website here: www.gaknights.org
Who is the CEO of Grace Academy Inc?
Dave Libby is the Chairman of Grace Academy Inc.
Official website here: www.gaknights.org
What is the revenue of Grace Academy Inc?
Grace Academy Inc's revenue in 2023 was $3,892,116.
Official website here: www.gaknights.org
Who are the executives of Grace Academy Inc and what are their salaries?
The average compensation at Grace Academy Inc during 2023 was $17,454. There are 96 employees and 20 volunteers at Grace Academy Inc.
Here are 8 key members and their salaries:
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Official website here: www.gaknights.org
Where can I find the form 990 for Grace Academy Inc?
Grace Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gaknights.org
Learn more at the official website: www.gaknights.org
Mission Statement of Grace Academy Inc
Grace Academy Inc, a private Christian educational institution, is dedicated to enhancing the God-given potential in each student. Their mission is to provide quality Christian education, aiming to foster servants of Jesus Christ in the world. The Academy operates on a non-discriminatory basis, welcoming students from Kindergarten 3 through 12. Through its educational programs, Grace Academy Inc strives to cultivate well-rounded individuals, grounded in their Christian beliefs. The institution is recognized by both independent accreditation agencies and the state of Maryland, ensuring a high standard of education. Furthermore, Grace Academy Inc hosts a student exchange program, allowing foreign students to experience the same educational opportunities as local students during their time at the Academy.
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Impact
July, 2024
Grace Academy Inc's impact is felt through its dedication to providing a well-rounded, Christian-grounded education to students in the Washington County, Maryland area. By offering education from K3 through 12th grade on a non-discriminatory basis, the academy helps students reach their full potential in a supportive and faith-based environment. Additionally, the school's accreditation by independent agencies and recognition by the state of Maryland underscores its commitment to academic excellence. Through initiatives such as a student exchange program, Grace Academy Inc also promotes cultural exchange and global understanding among its students. Ultimately, the academy's mission to cultivate servant leaders for Jesus Christ in the world speaks to its lasting impact on individuals and communities.
This information is meant to be a general summary of Grace 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 2023.
- Investment Income: $8,122
- Program Service Revenue: $3,616,176
- Gross Receipts: $3,910,308
Assets and Liabilities:
- Total Assets: $2,636,370
- Total Liabilities: $1,332,303
- Net Assets: $1,304,067
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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
$3,174,448
STUDENT ACTIVITY INCOM
Revenue
$276,931
FOOD SERVICES
Revenue
$164,797
Organization Details
Founding Year
1977
Phone
(301) 733-2033Principal Officer
Dave Libby
Main Address
13321 CEARFOSS PIKE, HAGERSTOWN, MD, 21740
Website
www.gaknights.orgNTEE Category
Code: B24Z - Education
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