Overview
What is Westminster Academy Inc?
Westminster Academy Inc, located in Henrico, Virginia, is a nonprofit organization committed to offering quality education and developmental activities to around 180 students. Established at 500 Forest Ave, this institution strives to operate an educational facility that supports both academic growth and personal development. The organization, with a staff of 40 employees, is dedicated to providing an enriching educational environment for its students.
Official website here: www.westminsteracad.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Stars)
Westminster Academy Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. With a score of 61%, the organization shows strengths in managing its program expenses effectively, as evidenced by a Program Expense Ratio of 77.52%. Additionally, the organization has no reported material diversion of assets, which is a positive sign for potential donors.
However, there are notable weaknesses in the nonprofit's governance and transparency practices. The charity lacks a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, all of which are critical for ensuring ethical practices. Furthermore, the absence of financial statements on their website raises concerns about transparency, which could deter potential supporters.
Overall, while Westminster Academy Inc demonstrates solid programmatic spending and asset management, the gaps in governance policies and financial disclosure may impact its reputation and donor confidence. Potential contributors should weigh these factors when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Westminster Academy Inc legitimate?
Westminster Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westminster 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: $72,755
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,787
For more financial information, click here
Official website here: www.westminsteracad.org
What is the mission statement of Westminster Academy Inc?
Westminster Academy Inc's mission is centered around operating an educational facility for around 180 children. Their primary objective is to deliver quality education and facilitate comprehensive developmental activities. The institution strives to create an environment that fosters learning and personal growth, ensuring each student receives a well-rounded educational experience.
Official website here: www.westminsteracad.org
What is the revenue of Westminster Academy Inc?
Westminster Academy Inc's revenue in 2024 was $518,084.
Official website here: www.westminsteracad.org
Who are the executives of Westminster Academy Inc and what are their salaries?
The average compensation at Westminster Academy Inc during 2024 was $10,564. There are 40 employees and 60 volunteers at Westminster Academy Inc.
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Official website here: www.westminsteracad.org
Where can I find the form 990 for Westminster Academy Inc?
Westminster Academy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.westminsteracad.org
Learn more at the official website: www.westminsteracad.org
Mission Statement of Westminster Academy Inc
Westminster Academy Inc, as a nonprofit organization, is committed to operating an educational facility that caters to around 180 students. Their mission is to provide these students with a high-quality education and foster their overall development through engaging activities. In essence, Westminster Academy Inc aims to create a conducive learning environment that not only imparts knowledge but also nurtures the holistic growth of its students.
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Impact
July, 2024
Westminster Academy Inc has a direct impact on approximately 180 children by operating an educational facility that provides a good education and sound developmental activities. This impact is localized in Henrico, VA, where the organization is dedicated to fostering the intellectual and personal growth of its students. Through its mission and focus on education, Westminster Academy Inc plays a crucial role in shaping the lives of these children and preparing them for successful futures.
This information is meant to be a general summary of Westminster 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 2024.
- Investment Income: $1,794
- Program Service Revenue: $510,594
- Gross Receipts: $518,084
Assets and Liabilities:
- Total Assets: $270,141
- Total Liabilities: $110,424
- Net Assets: $159,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Registratio
Revenue
$510,594
Organization Details
Founding Year
1996
Principal Officer
Tim Morgan
Website
www.westminsteracad.orgNTEE Category
Code: B20 - Education
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