Overview
What is Ware Academy Inc?
Ware Academy Inc, located at 7936 John Clayton Memorial Highway, Gloucester, VA 23061, is a nonprofit organization devoted to providing comprehensive education for students from pre-kindergarten to eighth grade. As a college preparatory school, Ware Academy's mission is to foster the growth and development of each student to their fullest potential, educating the whole child. With a team of 47 dedicated individuals, Ware Academy offers a nurturing environment that encourages academic, social, and emotional growth, preparing its students for future success.
Official website here: www.wareacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
Ware Academy Inc has received an 88% rating from Charity Navigator, indicating a strong performance in accountability and finance. This score is derived entirely from their impressive accountability metrics, showcasing their commitment to maintaining a well-governed organization. Notably, they have a fully independent board and have passed all financial oversight criteria, suggesting transparency and good management practices.
The organization excels with a high program expense ratio of 83.05%, meaning that a significant portion of their resources is directed towards their programs rather than administrative costs. Additionally, their liabilities to assets ratio is low at 9.06%, which reflects financial stability and suggests that they are not overly indebted, thus reinforcing their reliability as a nonprofit.
However, it is worth noting that Ware Academy Inc lacks a whistleblower policy and a document retention and destruction policy, which could be seen as gaps in their governance practices. Despite these limitations, their overall accountability and financial management are commendable, making them a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ware Academy Inc legitimate?
Ware Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ware 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: $113,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,093,521
For more financial information, click here
Official website here: www.wareacademy.org
What is the mission statement of Ware Academy Inc?
Ware Academy Inc, a college preparatory school catering to students from pre-kindergarten to eighth grade, is committed to nurturing each student's full potential. The institution's mission is to provide a comprehensive education, promoting intellectual, social, emotional, and physical growth. By educating the whole child, Ware Academy aims to prepare its students for future academic and personal success. The school's approach emphasizes fostering well-rounded individuals who are equipped to face the challenges of higher education and beyond.
Official website here: www.wareacademy.org
Who is the CEO of Ware Academy Inc?
Dawn Fleet is the President of Ware Academy Inc.
Official website here: www.wareacademy.org
What is the revenue of Ware Academy Inc?
Ware Academy Inc's revenue in 2023 was $2,693,416.
Official website here: www.wareacademy.org
Who are the executives of Ware Academy Inc and what are their salaries?
The average compensation at Ware Academy Inc during 2023 was $25,682. There are 47 employees and 4 volunteers at Ware Academy Inc.
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- Compensation: $106,330
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Official website here: www.wareacademy.org
Where can I find the form 990 for Ware Academy Inc?
Ware Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wareacademy.org
Learn more at the official website: www.wareacademy.org
Mission Statement of Ware Academy Inc
Ware Academy Inc, a college preparatory school, is dedicated to educating students from pre-kindergarten through eighth grade, aiming to nurture their full potential. This mission-driven institution believes in holistic learning, focusing on the intellectual, emotional, social, and physical development of each student. By providing a comprehensive education, Ware Academy Inc strives to equip its pupils with the skills and knowledge necessary to succeed in higher education and beyond.
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Impact
July, 2024
Ware Academy Inc's impact lies in providing a college preparatory education for students from pre-kindergarten through eighth grade. By focusing on educating the whole child to their fullest potential, Ware Academy aims to equip young learners with the skills and knowledge necessary to succeed academically and personally. Through its mission-driven approach, this educational institution in Gloucester, VA, plays a vital role in shaping the future of its students and empowering them for future success.
This information is meant to be a general summary of Ware 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: $3,357
- Program Service Revenue: $2,002,079
- Gross Receipts: $2,836,867
Assets and Liabilities:
- Total Assets: $2,303,351
- Total Liabilities: $208,687
- Net Assets: $2,094,664
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,933,350
STUDENT ACTIVITIES
Revenue
$68,729
Organization Details
Founding Year
1949
Phone
(804) 693-3825Principal Officer
Dawn Fleet
Main Address
7936 JOHN CLAYTON MEMORIAL HIGHWAY, GLOUCESTER, VA, 23061
Website
www.wareacademy.orgNTEE Category
Code: B24Z - Education
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