Overview
What is Broadwater Academy?
Broadwater Academy is an independent, non-profit institution situated in Exmore, Virginia. With a mission to provide an academically focused educational program, it also offers additional non-academic activities to enhance and facilitate the holistic development of its approximately 310 students. This inclusive academy admits students of diverse backgrounds, ensuring they have access to all the rights, privileges, programs, and activities available to students at the school. The institution's offerings include bus transportation, athletics, and various extracurricular activities. With a team of 87 dedicated employees, Broadwater Academy aims to prepare its students for college and contribute positively to a changing society upon graduation.
Official website here: www.broadwateracademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Broadwater Academy has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization has notable strengths but also significant areas for improvement. With a solid accountability and finance score of 73%, it demonstrates a high level of independence in its board composition and has successfully avoided material diversion of assets. However, the absence of critical governance policies such as a whistleblower policy and document retention procedures raises concerns regarding transparency and accountability.
The organization excels in its program expense ratio, allocating 77.17% of its budget to program services, which reflects a strong commitment to its mission. The board is fully independent, indicating a positive governance structure. This independence, alongside a well-maintained audit and oversight committee, contributes positively to its overall financial health and operational effectiveness.
Despite these strengths, Broadwater Academy faces challenges with its liabilities to assets ratio, which stands at 85.88%. This high ratio signals potential financial risk. Furthermore, the lack of publicly available financial documents on its website limits transparency and may hinder potential donors from making informed contributions. Overall, while Broadwater Academy shows promise in its mission and governance, addressing these gaps will be crucial for building trust and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Broadwater Academy legitimate?
Broadwater Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadwater 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: $368,908
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,374,022
For more financial information, click here
Official website here: www.broadwateracademy.org
What is the mission statement of Broadwater Academy?
Broadwater Academy is an independent, non-profit institution that offers an academically focused educational program and provides non-academic programs to facilitate the development of students. The academy's mission is to prepare students for success in a college program and contribute to a changing society upon graduation. It admits students of all races, colors, national and ethnic origins, ensuring they have equal access to rights, privileges, programs, and activities. The academy's purpose is to provide an educational environment that equips students with the necessary skills to excel in higher education and make meaningful contributions to society.
Official website here: www.broadwateracademy.org
What is the revenue of Broadwater Academy?
Broadwater Academy's revenue in 2024 was $4,438,307.
Official website here: www.broadwateracademy.org
Who are the executives of Broadwater Academy and what are their salaries?
The average compensation at Broadwater Academy during 2024 was $30,819. There are 89 employees and 69 volunteers at Broadwater Academy.
Here are 20 key members and their salaries:
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- Compensation: $166,012
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- Other: $4,104
Official website here: www.broadwateracademy.org
Where can I find the form 990 for Broadwater Academy?
Broadwater Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.broadwateracademy.org
Learn more at the official website: www.broadwateracademy.org
Mission Statement of Broadwater Academy
Broadwater Academy, an independent, non-profit institution, is committed to providing an academic-based educational program and non-academic initiatives that foster the development of students prepared to excel in a college program and contribute positively to a changing society upon graduation. The academy embraces diversity, admitting students of various races, colors, national, and ethnic origins, ensuring they all have equal rights, privileges, programs, and activities available to them. Broadwater Academy's mission is to create a conducive learning environment that prepares its students for higher education and equips them with the skills necessary to contribute meaningfully to society.
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Impact
July, 2024
Broadwater Academy has a significant impact on the community by providing educational instruction and services to approximately 310 students. The academy's mission is to prepare students to succeed in college and contribute to a changing society upon graduation. By admitting students of any race, color, national, and ethnic origin, Broadwater Academy promotes diversity and inclusion within its student body.
Additionally, Broadwater Academy offers non-academic programs that enhance and facilitate the development of its students. Services such as bus transportation, athletics, and extracurricular activities contribute to a well-rounded educational experience for the students.
Overall, Broadwater Academy plays a vital role in nurturing the academic and personal growth of its students, preparing them for future success in college and beyond.
This information is meant to be a general summary of Broadwater 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 2024.
- Investment Income: $372
- Program Service Revenue: $3,212,266
- Gross Receipts: $4,472,504
Assets and Liabilities:
- Total Assets: $5,203,721
- Total Liabilities: $4,281,390
- Net Assets: $922,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Tuition and Fees
Revenue
$2,859,840
Other Student Fees
Revenue
$352,426
Organization Details
Founding Year
1965
Principal Officer
Daniel Hooper
Website
www.broadwateracademy.orgNTEE Category
Code: B820 - Education
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