Overview
What is Union Academy?
Union Academy, located in Monroe, North Carolina, is a collaborative nonprofit institution committed to the education and development of approximately 1,900-2,000 students. The organization involves families and the community in the learning process, fostering high academic expectations alongside character development in a structured environment. Union Academy boasts a motivated and well-resourced professional faculty, dedicated to designing and managing the educational programs. In the fiscal year ending June 30, 2022, Union Academy served the Monroe community with a total of 315 employees.
Official website here: www.unionacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Union Academy has achieved a Three-Star rating from Charity Navigator, primarily based on its strong Accountability & Finance score. The organization demonstrates a commitment to transparency and governance, with a fully independent board and comprehensive financial oversight, earning high marks in various categories, including conflict of interest and whistleblower policies.
The organization's high program expense ratio of 97.89% indicates that a significant majority of its funds are directed towards its programs rather than administrative costs. However, the liabilities to assets ratio of 61.36% may raise some concerns regarding financial stability, suggesting that the organization may have a considerable amount of liabilities relative to its assets.
Overall, Union Academy exhibits solid fiscal responsibility and governance practices, making it a trustworthy option for donors. While its financial health shows some areas for improvement, its commitment to effective program delivery is a noteworthy strength.
This AI summary has been generated from information found on Charity Navigator.
Is Union Academy legitimate?
Union Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union 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: $0
For more financial information, click here
Official website here: www.unionacademy.org
What is the mission statement of Union Academy?
Union Academy is a collaborative initiative bringing together families and communities to support the holistic education and development of children. The learning environment at Union Academy integrates rigorous academic expectations with strict character development standards in a structured setting. This setting is meticulously designed and managed by a dedicated and well-resourced faculty, who are motivated to foster growth in the whole child. Union Academy's mission is to nurture young minds in a supportive and collaborative atmosphere that emphasizes both academic achievement and character development. The academy aims to create an engaging and inclusive educational experience where students can thrive and reach their full potential.
Official website here: www.unionacademy.org
Who is the CEO of Union Academy?
Jack James is the Finance Officer of Union Academy.
Official website here: www.unionacademy.org
What is the revenue of Union Academy?
Union Academy's revenue in 2022 was $20,376,317.
Official website here: www.unionacademy.org
Who are the executives of Union Academy and what are their salaries?
There are 315 employees at Union Academy.
Here are 17 key members and their salaries:
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- Compensation: $163,871
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- Other: $22,231
Official website here: www.unionacademy.org
Where can I find the form 990 for Union Academy?
Union Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unionacademy.org
Learn more at the official website: www.unionacademy.org
Mission Statement of Union Academy
Union Academy, a collaborative venture, is dedicated to the education and holistic development of children with the involvement of their families and the community. The organization's structured environment sets high expectations for academic achievement, complemented by rigorous character development. Motivated and well-resourced professional faculty designs and manages this nurturing space. Union Academy integrates learning experiences that foster academic success and moral growth, aiming to empower the next generation. By engaging the whole community, Union Academy creates a supportive network that facilitates the growth and development of every child, ensuring their potential is maximized.
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Impact
October, 2024
Union Academy significantly impacts the Monroe, NC community by actively engaging families and leveraging community resources to enhance student education and development. By serving approximately 1,900 to 2,000 students, it fosters a collaborative learning environment that prioritizes not only high academic standards but also character development.
The school's structured approach ensures that students are supported by a dedicated and well-resourced faculty, creating an atmosphere that encourages both intellectual growth and personal responsibility. This holistic education model cultivates well-rounded individuals, preparing them for future successes and encouraging positive contributions to society. Through its commitment to broad community involvement, Union Academy strengthens the educational framework and nurturing relationships within the community, ultimately benefiting students and families alike.
This information is meant to be a general summary of Union 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $492,424
- Gross Receipts: $20,376,317
Assets and Liabilities:
- Total Assets: $33,505,150
- Total Liabilities: $19,948,246
- Net Assets: $13,556,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTRUCTIONAL SERVICES (FEES)
Revenue
$492,424
Organization Details
Founding Year
2000
Phone
(704) 238-8883Principal Officer
Jack James
Main Address
675 N MLK JR BLVD, MONROE, NC, 28110
Website
www.unionacademy.orgNTEE Category
Code: B29 - Education
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