Overview
What is Albemarle Educational Foundatn Inc?
Albemarle Educational Foundation Inc, located in Elizabeth City, North Carolina, is a nonprofit organization dedicated to the education of students. With a workforce of 76 individuals, the foundation provides instruction and education to students from preschool age up until high school. The foundation's activities center around offering comprehensive education, encompassing preschool, elementary, middle, and high school instruction. By doing so, the Albemarle Educational Foundation Inc plays a vital role in shaping young minds and fostering their growth.
Official website here: www.thealbemarleschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. This rating indicates that while the Albemarle Educational Foundation Inc demonstrates some strong practices in accountability and finance, it does not meet the highest standards of transparency and operational policies.
One of the organization's strengths includes a solid Program Expense Ratio of 82.03%, suggesting that a substantial portion of funds is directed toward its programs rather than administrative costs. Additionally, the foundation has a fully independent board, which is crucial for governance and oversight, earning full points in that area.
However, the organization has significant limitations, particularly in governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy resulted in low scores in these categories, reflecting potential vulnerabilities in its operational integrity. Addressing these gaps could enhance the foundation's overall accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Albemarle Educational Foundatn Inc legitimate?
Albemarle Educational Foundatn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albemarle Educational Foundatn 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: $1,029,049
For more financial information, click here
Official website here: www.thealbemarleschool.org
What is the mission statement of Albemarle Educational Foundatn Inc?
Albemarle Educational Foundation Inc's mission is centered around the education of students, ranging from preschool age to high school. This non-profit organization dedicates its efforts to training, instructing, and educating these students. It provides instruction at various levels, including preschool, elementary, middle, and high school. The foundation's primary goal is to contribute to the academic development and growth of its students.
Official website here: www.thealbemarleschool.org
Who is the CEO of Albemarle Educational Foundatn Inc?
Tracy Simpson is the Headmaster of Albemarle Educational Foundatn Inc.
Official website here: www.thealbemarleschool.org
What is the revenue of Albemarle Educational Foundatn Inc?
Albemarle Educational Foundatn Inc's revenue in 2023 was $1,718,752.
Official website here: www.thealbemarleschool.org
Who are the executives of Albemarle Educational Foundatn Inc and what are their salaries?
The average compensation at Albemarle Educational Foundatn Inc during 2023 was $13,540. There are 76 employees and 210 volunteers at Albemarle Educational Foundatn Inc.
Here are 8 key members and their salaries:
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Official website here: www.thealbemarleschool.org
Where can I find the form 990 for Albemarle Educational Foundatn Inc?
Albemarle Educational Foundatn Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thealbemarleschool.org
Learn more at the official website: www.thealbemarleschool.org
Mission Statement of Albemarle Educational Foundatn Inc
Albemarle Educational Foundation Inc is dedicated to the education of students from preschool age all the way through high school. This nonprofit organization plays a crucial role in shaping the minds of young learners, providing them with a comprehensive educational experience that includes preschool, elementary, middle, and high school instruction. By training, instructing, and educating its students, Albemarle Educational Foundation Inc is committed to fostering a solid educational foundation that will serve them well into their future.
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Impact
July, 2024
Albemarle Educational Foundation Inc impacts the community by providing quality education to students from preschool age through high school in Elizabeth City, NC. The foundation trains, instructs, and educates students, offering preschool, elementary, middle, and high school instruction. Through their mission to educate students at various stages of their academic journey, Albemarle Educational Foundation plays a vital role in shaping the future generations of the community.
This information is meant to be a general summary of Albemarle Educational Foundatn 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.
- Program Service Revenue: $1,558,458
- Gross Receipts: $1,838,543
Assets and Liabilities:
- Total Assets: $1,055,839
- Total Liabilities: $17,753
- Net Assets: $1,038,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$1,340,860
LUNCHROOM INCOME
Revenue
$217,577
LIBRARY INCOME
Revenue
$21
Organization Details
Founding Year
1965
Phone
(252) 338-0883Principal Officer
Tracy Simpson
Main Address
1210 U S HIGHWAY 17 SOUTH, ELIZABETH CITY, NC, 27909
Website
www.thealbemarleschool.orgNTEE Category
Code: B20Z - Education
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