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Northeast Raleigh Charter Academy

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

EIN: 562160665 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

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Overview

What is Northeast Raleigh Charter Academy?

Northeast Raleigh Charter Academy, as specified in the provided information, is a public charter school situated somewhere in Raleigh, North Carolina, likely named after its location. The academy's mission is to offer an exceptional educational experience, fostering an environment where students are encouraged to strive for their best at all times. This charter school, like many others, provides an opportunity for students and their families to be part of a community where high academic expectations are the norm.


Official website here: www.torchlightacademy.org

What are the reviews and ratings of this charity?

Northeast Raleigh Charter Academy holds a rating of 84% on Charity Navigator, earning it a Three-Star out of Four Star rating predominantly based on its Accountability & Finance metrics. The high score reflects a solid financial governance framework, with a fully independent board and an exemplary financial statement audit. However, the absence of a whistleblower policy and other documentation policies raises some concerns regarding accountability practices.

The organization demonstrates exceptional financial health, evident from its program expense ratio of 99.65%, indicating that nearly all expenses go directly to its programs. The lack of scores for Impact & Measurement, Culture & Community, and Leadership & Adaptability suggests that while the financial footing is strong, other aspects of organizational performance may need further assessment.

Unfortunately, user feedback from GreatNonprofits is currently unavailable, limiting insights from individual experiences or sentiments regarding the Academy. Overall, the organization shows promise in its financial operations but has areas to improve in governance policies and broader impact evaluation.


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

Is Northeast Raleigh Charter Academy legitimate?

Northeast Raleigh Charter Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Raleigh Charter 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $814,530

For more financial information, click here


Official website here: www.torchlightacademy.org

What is the mission statement of Northeast Raleigh Charter Academy?

Northeast Raleigh Charter Academy's mission is centered around offering a superior educational experience to all students and their parents who opt to enroll. This is accomplished in an environment that encourages high expectations, fostering an atmosphere where students are expected to strive for excellence at all times. The academy aims to deliver a quality education that empowers each student to reach their full potential.


Official website here: www.torchlightacademy.org

Who is the CEO of Northeast Raleigh Charter Academy?

Pam Banks-Lee is the Chair of Northeast Raleigh Charter Academy.


Official website here: www.torchlightacademy.org

What is the revenue of Northeast Raleigh Charter Academy?

Northeast Raleigh Charter Academy's revenue in 2022 was $7,033,249.


Official website here: www.torchlightacademy.org

Who are the executives of Northeast Raleigh Charter Academy and what are their salaries?

The average compensation at Northeast Raleigh Charter Academy during 2022 was $90,503. There are 9 employees and 28 volunteers at Northeast Raleigh Charter Academy.


Here are 7 key members and their salaries:


Pam Banks-Lee (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claude Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wonza Montigue (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyjuanna Labennette (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Montague (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Powell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Iyailu Moses (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.torchlightacademy.org

Where can I find the form 990 for Northeast Raleigh Charter Academy?

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


Official website here: www.torchlightacademy.org

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

Mission Statement of Northeast Raleigh Charter Academy

Northeast Raleigh Charter Academy, as described, is committed to delivering an exceptional educational experience to all students and parents who opt to enroll. The institution fosters an environment that encourages high expectations, ensuring that every student strives for their best at all times. The mission of this public charter school is centered around providing an opportunity for academic growth and development, where students are surrounded by individuals who genuinely believe in their potential for success.

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Impact




July, 2024

Northeast Raleigh Charter Academy's impact is significant in providing students and parents with an opportunity to receive an excellent education in a supportive environment. By operating as a public charter school, this institution is dedicated to fostering a culture where all students are encouraged to perform at their best. The Academy's mission revolves around delivering quality education and instilling high expectations among its students, thus contributing positively to the educational landscape in Raleigh, North Carolina.




This information is meant to be a general summary of Northeast Raleigh Charter 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
$7,033,249 (2022)
Expenses
$7,263,337 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $362
  • Gross Receipts: $7,033,249

Assets and Liabilities:

  • Total Assets: $80,286
  • Total Liabilities: $44,807
  • Net Assets: $35,479

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Programs

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

Food Services

Revenue

$362

Organization Details

Founding Year

1999

Principal Officer

Pam Banks-Lee

Main Address

3211 Bramer Drive, Raleigh, NC, 27604

NTEE Category

Code: B29 - Education

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