Overview
What is The Carolina Academy?
The Carolina Academy is a distinguished nonprofit institution located within our community. Its primary focus is on providing educational services to students ranging from preschool (3K) to high school (12th grade). Through various programs, The Carolina Academy aims to cater to the academic needs of its students, ensuring a comprehensive learning experience.
Official website here: www.thecarolinaacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Carolina Academy has received a two-star rating from Charity Navigator, with an overall score of 69%. This rating indicates that while the organization shows some strengths, there are significant areas needing attention, particularly in transparency and governance practices. The organization has a strong accountability score reflecting that all board members are independent and that there is no material diversion of assets.
However, the organization faces critical limitations, notably the absence of key financial documents and policies such as a conflict of interest policy, whistleblower policy, and document retention guidelines. These deficiencies have contributed to a low score in those areas, which impacts overall trust and accountability. Additionally, the financial statements are not available, which may hinder potential donors’ ability to evaluate the organization's financial health comprehensively.
On a positive note, The Carolina Academy allocates a high percentage of its expenses (90.18%) towards programs, indicating a strong commitment to its mission. The liabilities to assets ratio is also favorable at 8.19%, suggesting a stable financial situation. Overall, while there are commendable aspects of the organization, the noted shortcomings in governance and transparency must be addressed for improved evaluation by stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Carolina Academy?
90% of 27 reviewers on Facebook recommend The Carolina Academy. Here’s a summary of their responses:
An overwhelming sentiment reflects a strong endorsement of the quality education provided at The Carolina Academy. Reviewers highlight the collaborative and supportive atmosphere cultivated among faculty, students, and families, emphasizing a sense of community that has persisted since the school's inception. The long-standing tradition of teamwork and support resonates positively with those who have experienced life at the academy.
Many appreciate how the school has maintained its cohesive culture over the years, making it not just an educational institution but a nurturing environment for personal growth and development. This dedication to a united school spirit is consistently recognized as a significant factor in their recommendations. Overall, The Carolina Academy is seen as a reliable choice for quality education with a heartfelt community spirit.
This AI summary has been generated from reviews found on Facebook.
Is The Carolina Academy legitimate?
The Carolina Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Carolina 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: $1,111,640
For more financial information, click here
Official website here: www.thecarolinaacademy.org
What is the mission statement of The Carolina Academy?
The Carolina Academy, an educational institution catering to students from 3K to 12th grade, carries out its mission by delivering educational services through various programs. The primary objective of this institution is to educate its students effectively, ensuring they receive a comprehensive education spanning from preschool to high school. The Carolina Academy's mission focuses on providing educational resources and services to its students, fostering their growth and development throughout their formative years.
Official website here: www.thecarolinaacademy.org
Who is the CEO of The Carolina Academy?
Robert S Phillips is the Board Member of The Carolina Academy.
Official website here: www.thecarolinaacademy.org
What is the revenue of The Carolina Academy?
The Carolina Academy's revenue in 2023 was $2,230,684.
Official website here: www.thecarolinaacademy.org
Who are the executives of The Carolina Academy and what are their salaries?
The average compensation at The Carolina Academy during 2023 was $15,439. There are 72 employees at The Carolina Academy.
Here are 12 key members and their salaries:
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Official website here: www.thecarolinaacademy.org
Where can I find the form 990 for The Carolina Academy?
The Carolina Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecarolinaacademy.org
Learn more at the official website: www.thecarolinaacademy.org
Mission Statement of The Carolina Academy
The Carolina Academy, as a nonprofit organization, is dedicated to the education of students from the early years of kindergarten (3K) to the completion of high school (12th grade). Its mission is to provide educational services through various programs, aiming to cater to the learning needs of these students. The academy strives to offer a comprehensive educational experience that equips its students with the necessary skills and knowledge for their future endeavors.
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Impact
July, 2024
The Carolina Academy's impact is significant in the education sector, specifically in Lake City, SC. By providing educational services to students from 3K through 12th grade, the academy plays a crucial role in shaping the lives of young learners. Through its programs, The Carolina Academy contributes to the academic development and growth of students, preparing them for future success. The academy's mission to educate and empower students underscores its commitment to fostering a culture of learning and achievement.
This information is meant to be a general summary of The Carolina 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 2023.
- Investment Income: $2,169
- Program Service Revenue: $1,737,114
- Gross Receipts: $2,230,684
Assets and Liabilities:
- Total Assets: $4,188,038
- Total Liabilities: $343,017
- Net Assets: $3,845,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,737,114
Organization Details
Founding Year
1968
Principal Officer
Robert S Phillips
Main Address
351 NORTH COUNTRY CLUB ROAD, LAKE CITY, SC, 29560
Website
www.thecarolinaacademy.orgNTEE Category
Code: B24Z - Education
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