Overview
What is Hanover Academy?
Hanover Academy is a nonprofit institution located within the realms of pre-K to eighth grade education. They provide day care services and comprehensive programs, catering to both elementary and junior high school learners. Committed to nurturing young minds, Hanover Academy's mission lies in delivering quality education and fostering growth in their students through their dedicated educational offerings.
Official website here: www.hanoveracademy.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Hanover Academy has received an 81% score, indicating a solid performance in accountability and finance. This rating is based solely on one beacon score, highlighting the organization’s commitment to transparency and responsible financial practices. The nonprofit has achieved full marks in several areas, demonstrating a robust structure with 100% independent board members and effective policies in place.
Strengths of Hanover Academy include a high program expense ratio of 79.15%, suggesting that a significant portion of its funds is directed towards its core mission and programs. The organization has no material diversion of assets, which reflects its integrity and responsible management of resources. Additionally, it maintains essential governance policies, including conflict of interest and whistleblower protections, which contribute to strong organizational practices.
While Hanover Academy shows commendable strengths, the reliance on a single beacon score may limit a comprehensive analysis of its overall impact and effectiveness. However, the high ratings in accountability and financial transparency provide a positive indication of the nonprofit's operational health. Overall, Hanover Academy appears to be a well-managed organization focused on fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Hanover Academy legitimate?
Hanover Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanover 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $564,465
For more financial information, click here
Official website here: www.hanoveracademy.org/
What is the mission statement of Hanover Academy?
Hanover Academy's mission is centered around education, specifically catering to children from preschool to the eighth grade. The academy provides day care services and educational programs, encompassing both elementary and junior high school levels. In essence, Hanover Academy is committed to nurturing the intellectual growth and development of young learners during their formative years.
Official website here: www.hanoveracademy.org/
Who is the CEO of Hanover Academy?
Michelle Huff is the President of Hanover Academy.
Official website here: www.hanoveracademy.org/
What is the revenue of Hanover Academy?
Hanover Academy's revenue in 2023 was $868,436.
Official website here: www.hanoveracademy.org/
Who are the executives of Hanover Academy and what are their salaries?
The average compensation at Hanover Academy during 2023 was $21,710. There are 26 employees and 15 volunteers at Hanover Academy.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hanoveracademy.org/
Where can I find the form 990 for Hanover Academy?
Hanover Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hanoveracademy.org/
Learn more at the official website: www.hanoveracademy.org/
Mission Statement of Hanover Academy
Hanover Academy, as a nonprofit institution, is dedicated to providing education for children from their early years to the eighth grade. The organization offers day care services and programs focused on elementary and junior high school education, ensuring a comprehensive learning experience for its students. In essence, Hanover Academy serves as a nurturing environment for young minds, fostering their growth and development from pre-K to the cusp of high school.
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Impact
July, 2024
Hanover Academy has a significant impact on the educational development of children in Ashland, Virginia. Through providing educational services from pre-K to eighth grade, Hanover Academy plays a crucial role in nurturing young minds and preparing them for a successful academic journey. By offering day care services and comprehensive programs in elementary and junior high school education, the Academy positively influences the academic, social, and emotional growth of its students, contributing to their overall well-being and future success.
This information is meant to be a general summary of Hanover 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 2023.
- Investment Income: $2,762
- Program Service Revenue: $722,857
- Gross Receipts: $868,436
Assets and Liabilities:
- Total Assets: $909,285
- Total Liabilities: $294,622
- Net Assets: $614,663
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$248,108
PRESCHOOL DAY CARE CAMP
Revenue
$445,496
OTHER SEE STMT
Revenue
$29,253
Organization Details
Founding Year
1959
Principal Officer
Michelle Huff
Main Address
115 FRANCES ROAD, ASHLAND, VA, 23005
Website
www.hanoveracademy.org/NTEE Category
Code: B24 - Education
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