Overview
What is Wilmington Academy Of Arts And Sciences?
Wilmington Academy of Arts and Sciences is a nonprofit organization situated in Wilmington, North Carolina, at 6201 Myrtle Grove Road. Their primary purpose is to offer educational opportunities that foster academic achievement, personal responsibility, social development, and a lifelong learning mindset. The institution serves 87 students in grades four through eight. The Wilmington Academy of Arts and Sciences employs a team of 16 individuals dedicated to this mission.
Official website here: www.wilmingtonacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 71%)
The Wilmington Academy of Arts and Sciences has received a two-star rating from Charity Navigator, indicating that there is room for improvement in accountability and finance practices. Despite a solid program expense ratio of 97.36%, which shows that a significant portion of their budget is directed towards programs, the organization struggles in areas such as financial transparency. Notably, they have not provided any financial statements, which has significantly impacted their overall score.
On a positive note, the academy boasts a fully independent board, with 100% of its members meeting this criterion. This structure can enhance governance and decision-making. Other strengths include a good record of asset management with no material diversions noted and the presence of key policies like conflict of interest. However, the absence of a whistleblower policy and documentation regarding retention and destruction processes raises concerns about internal controls and organizational integrity.
Overall, while Wilmington Academy of Arts and Sciences shows strong programmatic focus and governance, the lack of financial documentation and certain policies indicates a need for improvement in transparency and accountability practices. Addressing these issues could significantly enhance their rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington Academy Of Arts And Sciences legitimate?
Wilmington Academy Of Arts And Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Academy Of Arts And Sciences 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: $124,699
Professional Fundraising Fees: $0
Other Salaries and Wages: $541,266
For more financial information, click here
Official website here: www.wilmingtonacademy.org
What is the mission statement of Wilmington Academy Of Arts And Sciences?
The Wilmington Academy of Arts and Sciences is committed to offering educational opportunities that foster academic achievement, personal responsibility, social development, and a lifelong learning mindset. The institution's mission is geared towards promoting these aspects, ensuring a well-rounded educational experience for its students. The academy's goal is to provide an environment that nurtures not just intellectual growth but also personal and social development, setting its students up for a continuous learning journey.
Official website here: www.wilmingtonacademy.org
Who is the CEO of Wilmington Academy Of Arts And Sciences?
Justin Fischetti is the Director -Staff of Wilmington Academy Of Arts And Sciences.
Official website here: www.wilmingtonacademy.org
What is the revenue of Wilmington Academy Of Arts And Sciences?
Wilmington Academy Of Arts And Sciences's revenue in 2023 was $1,042,217.
Official website here: www.wilmingtonacademy.org
Who are the executives of Wilmington Academy Of Arts And Sciences and what are their salaries?
The average compensation at Wilmington Academy Of Arts And Sciences during 2023 was $41,623. There are 16 employees and 25 volunteers at Wilmington Academy Of Arts And Sciences.
Here are 9 key members and their salaries:
- Compensation: $122,240
- Related: $0
- Other: $2,459
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.wilmingtonacademy.org
Where can I find the form 990 for Wilmington Academy Of Arts And Sciences?
Wilmington Academy Of Arts And Sciences's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wilmingtonacademy.org
Learn more at the official website: www.wilmingtonacademy.org
Mission Statement of Wilmington Academy Of Arts And Sciences
Wilmington Academy of Arts and Sciences, a nonprofit organization, is dedicated to offering educational opportunities that foster academic achievement, personal responsibility, social development, and a lifetime of learning. Their mission is geared towards nurturing students in grades four through eight, helping them grow both intellectually and personally. The academy provides an environment that encourages students to embrace a love for learning, preparing them for future challenges and responsibilities.
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Impact
July, 2024
Wilmington Academy Of Arts And Sciences has a significant impact on the local community by providing educational opportunities that promote academic achievement, personal responsibility, social development, and lifelong learning. With a focus on students in grades four through eight, the academy has successfully served 87 students in Wilmington, NC. By emphasizing these core values in its curriculum and mission, Wilmington Academy Of Arts And Sciences contributes to the overall growth and development of its students, preparing them for success in both their academic and personal lives.
This information is meant to be a general summary of Wilmington Academy Of Arts And Sciences. 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: $12,836
- Program Service Revenue: $974,803
- Gross Receipts: $1,100,809
Assets and Liabilities:
- Total Assets: $2,080,567
- Total Liabilities: $1,097,957
- Net Assets: $982,610
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Clubs
Revenue
$25,549
Summer Camps
Revenue
$8,575
Sundry
Revenue
$31
Technology Fees
Revenue
$20,438
Tuition and fees
Revenue
$920,210
Organization Details
Founding Year
1997
Phone
(910) 392-3139Principal Officer
Justin Fischetti
Main Address
6201 Myrtle Grove Road, Wilmington, NC, 28409
Website
www.wilmingtonacademy.orgNTEE Category
Code: B25Z - Education
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