Overview
What is Newberry Academy Inc?
Newberry Academy Inc, located in Newberry, South Carolina, is a distinguished private and independent educational institution, encompassing preschool, elementary, and secondary levels. Their primary mission is to oversee the operation of this comprehensive K-12 educational setting, ensuring high-quality learning experiences for their students.
Official website here: www.newberryacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that Newberry Academy Inc demonstrates a moderate level of accountability and transparency in its operations and financial practices. While the organization has strengths such as an independent board and a solid program expense ratio, the overall score reflects some areas needing improvement.
The organization has a 100% independent board, which is a significant positive aspect, contributing to its governance. Additionally, it has shown good management of assets, with no material diversion reported and a favorable liabilities to assets ratio. The program expense ratio is also commendable, indicating that a substantial portion of its resources is directed towards its mission-related activities.
However, Newberry Academy Inc lacks essential policies such as a conflict of interest and a whistleblower policy, which are critical for maintaining transparency and accountability. Addressing these gaps could enhance the organization’s governance framework and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Newberry Academy Inc legitimate?
Newberry Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newberry 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: $67,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $860,263
For more financial information, click here
Official website here: www.newberryacademy.com
What is the mission statement of Newberry Academy Inc?
Newberry Academy Inc., as a private and independent educational institution, is committed to operating a school that caters to students from kindergarten through twelfth grade. Their mission is centered around providing quality education, fostering an independent learning environment, and ensuring the overall development of each student. The school's operations aim to create an educational setting that is conducive to holistic growth and academic excellence.
Official website here: www.newberryacademy.com
Who is the CEO of Newberry Academy Inc?
Scott Mayer is the Chairman of Newberry Academy Inc.
Official website here: www.newberryacademy.com
What is the revenue of Newberry Academy Inc?
Newberry Academy Inc's revenue in 2022 was $1,711,490.
Official website here: www.newberryacademy.com
Who are the executives of Newberry Academy Inc and what are their salaries?
The average compensation at Newberry Academy Inc during 2022 was $17,176. There are 54 employees at Newberry Academy Inc.
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- Compensation: $67,217
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Official website here: www.newberryacademy.com
Where can I find the form 990 for Newberry Academy Inc?
Newberry Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newberryacademy.com
Learn more at the official website: www.newberryacademy.com
Mission Statement of Newberry Academy Inc
Newberry Academy Inc, as a private and independent institution, is dedicated to operating a comprehensive K-12 educational system. Their mission is centered around providing quality education to students from preschool to high school levels, fostering an environment that encourages intellectual growth and personal development. By operating as a private, independent school, Newberry Academy has the flexibility to shape its curriculum and teaching methods to best cater to the needs of its students, ensuring a well-rounded and enriching educational experience.
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Impact
July, 2024
Newberry Academy Inc's impact is primarily focused on providing quality education to students in Newberry, SC. As a private, independent K-12 school, Newberry Academy plays a significant role in shaping the academic and personal development of its students. By offering a comprehensive educational experience, the academy contributes to the intellectual growth and future success of its student body. Through its mission to operate a private, independent school, Newberry Academy is actively promoting education and striving to create well-rounded individuals who can positively contribute to society.
This information is meant to be a general summary of Newberry 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: $10,070
- Program Service Revenue: $1,413,945
- Gross Receipts: $1,764,083
Assets and Liabilities:
- Total Assets: $1,398,985
- Total Liabilities: $666,372
- Net Assets: $732,613
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,413,945
Organization Details
Founding Year
1966
Phone
(803) 276-2760Principal Officer
Scott Mayer
Main Address
2055 SMITH ROAD, NEWBERRY, SC, 29108
Website
www.newberryacademy.comNTEE Category
Code: B20 - Education
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