Overview
What is Southeastern Academy Inc?
Southeastern Academy Inc, located in Lumberton, North Carolina, is a nonprofit organization under the supervision of the North Carolina State Board of Education. Originally a private school, it transformed into a charter school, maintaining its commitment to providing education for students from kindergarten to the eighth grade. The academy's mission emphasizes fostering a conducive learning environment that encourages excellence, especially in mathematics and science, while prioritizing the overall development of each child, encompassing their social, emotional, physical, and intellectual growth. Currently, the academy employs 36 individuals, demonstrating its dedication to serving its student body.
Official website here: www.southeasternacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Southeastern Academy Inc has received a two-star rating from Charity Navigator, indicating a need for improvement with an overall score of 66%. The organization demonstrates strong accountability through its fully independent board and adherence to various governance policies. However, it lacks financial statements, which significantly affects its transparency and overall financial health assessment.
One notable strength is the organization's 100% program expense ratio, suggesting that all its expenses are directed towards its programs. This reflects a commitment to its mission and effective use of funding in service delivery. The organization also shows no material diversion of assets, which is a positive indicator of integrity in its financial practices.
Despite these strengths, the absence of financial statements raises concerns about financial transparency and may hinder potential donors' ability to assess the organization's fiscal responsibility thoroughly. Additionally, the high liabilities to assets ratio indicates a potential risk in financial stability that requires attention to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Southeastern Academy Inc legitimate?
Southeastern Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,213,393
For more financial information, click here
Official website here: www.southeasternacademy.org
What is the mission statement of Southeastern Academy Inc?
Southeastern Academy Inc, a charter school serving students from kindergarten to the 8th grade, has a mission to uphold high standards and encourage excellence, particularly in the areas of mathematics and science. The academy, under the authority of the North Carolina State Board of Education, aims to foster a nurturing and imaginative learning environment that caters to the overall development of each child, encompassing their social, emotional, physical, and intellectual growth.
Official website here: www.southeasternacademy.org
Who is the CEO of Southeastern Academy Inc?
Missy Stone is the Director of Southeastern Academy Inc.
Official website here: www.southeasternacademy.org
What is the revenue of Southeastern Academy Inc?
Southeastern Academy Inc's revenue in 2023 was $2,176,283.
Official website here: www.southeasternacademy.org
Who are the executives of Southeastern Academy Inc and what are their salaries?
The average compensation at Southeastern Academy Inc during 2023 was $33,705. There are 36 employees at Southeastern Academy Inc.
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Official website here: www.southeasternacademy.org
Where can I find the form 990 for Southeastern Academy Inc?
Southeastern Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southeasternacademy.org
Learn more at the official website: www.southeasternacademy.org
Mission Statement of Southeastern Academy Inc
Southeastern Academy Inc, a charter school serving students from kindergarten to the eighth grade, is committed to maintaining high expectations and promoting excellence, particularly in the fields of math and science. The Academy, which converted from a private school to a charter school under the authority of the North Carolina State Board of Education, strives to achieve this mission while fostering a nurturing and creative learning environment. The Academy places a significant emphasis on the holistic development of each child, focusing on their social, emotional, physical, and intellectual growth. This comprehensive approach ensures that every student at Southeastern Academy Inc has the opportunity to thrive and reach their full potential.
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Impact
July, 2024
Southeastern Academy Inc's impact lies in its operation as a charter school serving students from kindergarten through the 8th grade in Lumberton, North Carolina. The Academy's mission is to maintain high expectations and promote excellence, especially in the fields of math and science, for all students while fostering a caring and creative learning environment. By emphasizing the social, emotional, physical, and intellectual development of each child, Southeastern Academy Inc contributes to the educational growth and advancement of its students.
This information is meant to be a general summary of Southeastern 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: $3,931
- Program Service Revenue: $61,095
- Gross Receipts: $2,176,283
Assets and Liabilities:
- Total Assets: $1,996,731
- Total Liabilities: $1,792,983
- Net Assets: $203,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ACTIVITY FEES
Revenue
$61,095
Organization Details
Founding Year
1990
Phone
(910) 738-7828Principal Officer
Missy Stone
Main Address
12251 NC HIGHWAY 41 NORTH, LUMBERTON, NC, 28358
Website
www.southeasternacademy.orgNTEE Category
Code: B24Z - Education
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