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Cary Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561934619 ✦ Cary, NC ✦ Designated as a 501(c)(3)

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Overview

What is Cary Academy?

Cary Academy is an independent coeducational day school located at 1500 N Harrison Avenue in Cary, North Carolina (27513). With a mission to provide quality education, the school welcomed 784 students during the 2021-2022 academic year, encompassing grades six through twelve. The organization continued its efforts to recruit and admit new students. Cary Academy prides itself on offering an independent school education to its students. The total workforce comprises 248 dedicated employees.


Official website here: www.caryacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Cary Academy has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With an overall score of 96%, the organization showcases exemplary practices, particularly in its management and governance structures, indicated by 100% independent board members and a solid financial oversight framework.

The nonprofit's financial indicators are robust, with a program expense ratio of 83.21%, illustrating a significant allocation of resources toward its mission-related activities. Additionally, the absence of material asset diversion and the adherence to various governance policies further enhance its credibility and operational transparency.

While the data highlights many strengths, it does not address the broader impact of the organization’s programs or community engagement, which are critical for a holistic assessment. Nonetheless, the strong financial practices and governance structure suggest Cary Academy is well-positioned for effective mission fulfillment.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Cary Academy?

88% of 30 reviewers on Facebook recommend Cary Academy. Here is a summary of their reviews:

Many comments highlight the exceptional quality of education offered at Cary Academy, with users praising the dedicated faculty and staff who cultivate a strong learning environment. The high level of technology accessible to students is frequently noted as a standout feature, with one reviewer suggesting it serves as a model for educational institutions worldwide.

Overall, there is a strong sentiment of satisfaction among those who have experienced what Cary Academy has to offer. The emphasis on excellence in education appears to resonate with many, positioning it as a top choice for potential students and families considering their options.


This AI summary has been generated from reviews found on Facebook.

Is Cary Academy legitimate?

Cary Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cary 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: $976,395
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,355,538

For more financial information, click here


Official website here: www.caryacademy.org

What is the mission statement of Cary Academy?

Cary Academy is a coeducational day school catering to students in grades six through twelve. Its mission is to offer an independent school education that nurtures the academic and personal growth of each student. With 784 students enrolled during the 2021-2022 academic year, the school remains committed to recruiting and admitting new students. The institution's dedication to quality education is reflected in its continued efforts to foster a learning environment that empowers students to reach their full potential.


Official website here: www.caryacademy.org

Who is the CEO of Cary Academy?

Michael Ehrhardt is the President & Head Of School of Cary Academy.


Official website here: www.caryacademy.org

What is the revenue of Cary Academy?

Cary Academy's revenue in 2022 was $28,768,362.


Official website here: www.caryacademy.org

Who are the executives of Cary Academy and what are their salaries?

The average compensation at Cary Academy during 2022 was $49,726. There are 248 employees and 715 volunteers at Cary Academy.


Here are 30 key members and their salaries:


Jeffrey J Eakes (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly May (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
John P Sall (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia B Sall (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr James H Goodnight (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann B Goodnight (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Udell (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Davenport (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manju Karkare (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Curran (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Sanchez (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trude Bate (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Kleiman (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elbert Avery (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Davis (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Laber (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Ryden (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Cash (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Etkin (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julian White Rawl (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcie Cohen-Ferris (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aleta Payne Mcclenney (Member, Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Reichel (Chief Financial Officer)
  • Compensation: $265,647
  • Related: $0
  • Other: $39,315
Michael Ehrhardt (President & Head Of School)
  • Compensation: $431,708
  • Related: $0
  • Other: $52,998
Alison Page (Director Of Development)
  • Compensation: $163,294
  • Related: $0
  • Other: $13,496
Heather Clarkson (Director Of Enrollment Management)
  • Compensation: $136,087
  • Related: $0
  • Other: $33,776
Dmitry Manakhov (Director Of Information Sv)
  • Compensation: $137,775
  • Related: $0
  • Other: $36,006
Robin Follet (Head Of Upper School)
  • Compensation: $136,057
  • Related: $0
  • Other: $26,401
Karen Mckenzie (Director Of Technology And)
  • Compensation: $123,435
  • Related: $0
  • Other: $54,702
Martina Greene (Dean Of Faculty)
  • Compensation: $133,927
  • Related: $0
  • Other: $20,091


Official website here: www.caryacademy.org

Where can I find the form 990 for Cary Academy?

Cary Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.caryacademy.org

Learn more at the official website: www.caryacademy.org

Mission Statement of Cary Academy

Cary Academy, an independent coeducational day school, is dedicated to delivering a top-tier education to students in grades six through twelve. Nestled within this institution is a commitment to providing an independent school experience that fosters academic growth and personal development for its students.

In the 2021-2022 academic year, Cary Academy welcomed 784 students into its academic community. These students were enrolled in grades six through twelve, and the school continued its recruitment and admission process. The school's mission is to offer a well-rounded education that goes beyond the classroom, preparing students for a successful future.

Cary Academy's educational approach focuses on instilling a passion for learning and fostering an environment that encourages critical thinking and creativity. The school's dedicated faculty and staff tailor their instruction to meet each student's unique needs and learning styles. By providing a personalized education, Cary Academy empowers students to reach their full potential and thrive in their academic and personal pursuits.

In the realm of academics, Cary Academy offers a rigorous curriculum designed to challenge students and prepare them for college and beyond. The school's academic offerings span a wide range of subjects, ensuring that students receive a comprehensive education. Additionally, Cary Academy fosters a strong sense of community, promoting collaboration and teamwork among students.

Outside of the classroom, Cary Academy offers a variety of extracurricular activities and programs designed to ignite students' passions and help them explore their interests. These opportunities include sports teams, clubs, and service projects, allowing students to engage in meaningful experiences beyond the classroom.

In summary, Cary Academy is a beacon of education for students in grades six through twelve, offering a personalized and challenging educational experience that prepares them for a successful future. The school's dedicated faculty and staff, rigorous curriculum, and diverse extracurricular offerings make it an ideal choice for families seeking an independent school education for their children.

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Impact




October, 2024

Cary Academy has a significant impact by providing a high-quality independent education for students in grades six through twelve. With an enrollment of 784 students during the 2021-2022 school year, the school fosters a diverse and inclusive learning environment that emphasizes academic excellence and personal growth. By actively recruiting and admitting students, Cary Academy not only enhances its community but also creates opportunities for young minds to thrive in a supportive atmosphere. The school's commitment to a coeducational experience ensures that all students develop the skills, knowledge, and character needed to succeed in an increasingly complex world. Through innovative programs and a focus on holistic development, Cary Academy cultivates responsible, engaged citizens ready to make meaningful contributions to society.




This information is meant to be a general summary of Cary 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.

Revenue
$28,768,362 (2022)
Expenses
$26,746,569 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,143,160
  • Program Service Revenue: $23,113,852
  • Gross Receipts: $47,192,993

Assets and Liabilities:

  • Total Assets: $87,453,484
  • Total Liabilities: $4,450,775
  • Net Assets: $83,002,709

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$21,557,998

OTHER INSTRUCT REVENUE

Revenue

$1,555,854

Organization Details

Founding Year

1995

Principal Officer

Michael Ehrhardt

Main Address

1500 N HARRISON AVENUE, CARY, NC, 27513

NTEE Category

Code: B250 - Education

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