Overview
What is Thomas Sumter Academy Inc?
Thomas Sumter Academy Inc is a nonprofit elementary school situated in Rembert, South Carolina. Led by Jim Cahill, the institution's primary objective is to educate its students, focusing on their overall development. The academy's mission is deeply embedded in this goal, aiming to foster growth and knowledge within its student community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Thomas Sumter Academy Inc received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in several areas despite some strengths. The organization boasts a fully independent board, which is a significant positive, suggesting strong governance. However, issues arise from the lack of financial statements on their website and missing tax forms, which hinder transparency and accountability.
Financially, the organization has a program expense ratio of 63.04%, indicating a reasonable allocation of funds towards its programs, but the overall financial health is impacted by a liabilities to assets ratio of 56.99%. While there are no reported material diversions of assets, the absence of comprehensive financial documentation significantly detracts from their rating.
Additionally, the presence of listed policies for conflict of interest, whistleblower protection, and document retention indicates some commitment to ethical practices. However, the missing website and tax form details highlight critical areas that require attention to enhance trust and operational transparency with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Thomas Sumter Academy Inc legitimate?
Thomas Sumter Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas Sumter 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: $1,867,500
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What is the mission statement of Thomas Sumter Academy Inc?
Thomas Sumter Academy Inc's mission is centered around educating its students. This elementary school, committed to its educational mission, aims to provide a conducive learning environment for its pupils. The school's mission is to ensure student development in a holistic manner, focusing on both academic and personal growth. While specific details about the educational approach or objectives are not provided, it can be inferred that Thomas Sumter Academy Inc is dedicated to fostering a nurturing environment that supports the overall development of its students.
Who is the CEO of Thomas Sumter Academy Inc?
Frank Martin is the Board Member of Thomas Sumter Academy Inc.
What is the revenue of Thomas Sumter Academy Inc?
Thomas Sumter Academy Inc's revenue in 2022 was $3,585,727.
Who are the executives of Thomas Sumter Academy Inc and what are their salaries?
The average compensation at Thomas Sumter Academy Inc during 2022 was $18,490. There are 101 employees and 25 volunteers at Thomas Sumter Academy Inc.
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Where can I find the form 990 for Thomas Sumter Academy Inc?
Thomas Sumter Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thomas Sumter Academy Inc
Thomas Sumter Academy Inc, as its name suggests, is dedicated to the education of its students. The organization's mission is centered around this objective, striving to provide a conducive learning environment that fosters growth and development in its pupils. Jim Cahill, the school's administrator, oversees these educational endeavors. Though the specifics of the teaching methodologies and curriculum are not provided, it can be inferred that Thomas Sumter Academy Inc is an elementary school committed to the overall development of its students.
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Impact
July, 2024
Thomas Sumter Academy Inc's impact lies in its commitment to educating students in Rembert, SC. Through its mission to provide quality education, the academy plays a crucial role in shaping the minds and futures of the young individuals under its care. Led by Jim Cahill, the school serves as a hub of knowledge and growth, helping students develop academically and personally. By instilling a strong foundation of learning and values, Thomas Sumter Academy Inc contributes to the intellectual and moral development of its students, preparing them to succeed in the world beyond the classroom.
This information is meant to be a general summary of Thomas Sumter 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 2022.
- Investment Income: $405
- Program Service Revenue: $2,881,075
- Gross Receipts: $3,597,503
Assets and Liabilities:
- Total Assets: $3,149,808
- Total Liabilities: $1,750,549
- Net Assets: $1,399,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION RELATED FEES
Revenue
$2,642,548
AUXILIARY SERVICES
Revenue
$238,527
Organization Details
Founding Year
1964
Phone
(803) 499-3396Principal Officer
Frank Martin
Main Address
5265 CAMDEN HWY, REMBERT, SC, 29128
NTEE Category
Code: B20Z - Education
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