Overview
What is Frederica Academy Inc?
Frederica Academy Inc, based in St. Simons Island, Georgia, is a thriving nonprofit institution that serves approximately 450 students from grades PK-12. Being the sole independent school between Jacksonville, Florida, and Savannah, Georgia, it caters to families in Glynn County and its surroundings. With a commitment to promoting ethnic and economic diversity, Frederica Academy offers a need-based financial aid program. Their mission is to nurture each student's potential and prepare them for college and adult life, focusing on their mental, physical, and spiritual development. With a workforce of 144 dedicated individuals, Frederica Academy is a vibrant learning community in Georgia.
Official website here: www.fredericaacademy.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Frederica Academy Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The overall score is based solely on a single beacon score, emphasizing the organization's excellence in managing its resources responsibly. With a fiscal year ending in 2023, it showcases a well-governed structure with 100% independent board members, indicating robust oversight.
The organization excels in various financial metrics, including a low liabilities-to-assets ratio of 32.36% and a high program expense ratio of 82.44%, demonstrating a focus on delivering programs effectively. Additionally, Frederica Academy has established essential policies on conflict of interest, whistleblowing, and document retention, which contribute to its sound governance practices.
While the rating indicates strong financial health and governance, there are no specific user feedback or qualitative comments available to highlight community impact or program effectiveness. Overall, the data suggests that Frederica Academy Inc is a financially sound and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Frederica Academy Inc legitimate?
Frederica Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frederica 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: $234,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,111,674
For more financial information, click here
Official website here: www.fredericaacademy.org
What is the mission statement of Frederica Academy Inc?
Frederica Academy Inc is committed to helping each student reach their full potential and prepare them for college and adult life. This development encompasses the student's mind, body, and spirit. The academy serves approximately 450 students annually in grades PK-12. With a college preparatory program, it caters to families from the surrounding areas, making it the only independent school between Jacksonville, Florida, and Savannah, Georgia. Frederica Academy's financial aid program supports ethnic and economic diversity.
Official website here: www.fredericaacademy.org
Who is the CEO of Frederica Academy Inc?
Sandi Channell is the Board Of Trustees of Frederica Academy Inc.
Official website here: www.fredericaacademy.org
What is the revenue of Frederica Academy Inc?
Frederica Academy Inc's revenue in 2022 was $16,625,706.
Official website here: www.fredericaacademy.org
Who are the executives of Frederica Academy Inc and what are their salaries?
The average compensation at Frederica Academy Inc during 2022 was $30,184. There are 144 employees and 199 volunteers at Frederica Academy Inc.
Here are 26 key members and their salaries:
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- Compensation: $234,883
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- Other: $24,159
Official website here: www.fredericaacademy.org
Where can I find the form 990 for Frederica Academy Inc?
Frederica Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fredericaacademy.org
Learn more at the official website: www.fredericaacademy.org
Mission Statement of Frederica Academy Inc
Frederica Academy, a renowned educational institution, is dedicated to unlocking the full potential of each student and preparing them for college and adult life. Through a holistic approach, the academy focuses on the development of students' minds, bodies, and spirits.
Serving approximately 450 students in grades PK-12 each year, Frederica Academy offers a college preparatory program that caters to families from Glynn and the surrounding counties. As the only independent school between Jacksonville, Florida, and Savannah, Georgia, the academy plays a vital role in providing quality education to students in this region. Frederica Academy's need-based financial aid program is another commendable initiative, promoting ethnic and economic diversity within its student body.
Frederica Academy's mission is not limited to academics. It goes beyond the classroom, recognizing the importance of nurturing students' physical and emotional well-being. By fostering a supportive learning environment, the academy helps students grow into confident, well-rounded individuals, prepared to face the challenges of college and adult life.
The academy's commitment to its students' development is reflected in the range of programs and resources it offers. From advanced academic courses to extracurricular activities, Frederica Academy provides ample opportunities for students to explore their interests and discover their passions. The academy's dedicated faculty and staff guide students, offering personalized attention and support to ensure their success.
In summary, Frederica Academy is more than just a school. It is a community of learners who are committed to maximizing the potential of each student, preparing them for a bright future through the development of their mind, body, and spirit.
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Impact
October, 2024
Frederica Academy Inc significantly impacts the educational landscape of St. Simons Island, GA, and its surrounding areas by providing a robust college preparatory program for approximately 450 students in grades PK-12. By emphasizing the holistic development of mind, body, and spirit, the academy ensures that students are well-equipped for both college and adult life. It fosters an environment conducive to maximizing each student's potential, preparing them not only academically but also personally and socially.
The academy plays a vital role in promoting educational access and diversity through its need-based financial aid program, which helps create a more inclusive environment by attracting families from various ethnic and economic backgrounds. As the only independent school located between Jacksonville, FL, and Savannah, GA, Frederica Academy serves as a crucial educational resource for families seeking high-quality, college preparatory education.
The commitment to developing well-rounded individuals prepares students to meet future challenges, enhancing their ability to contribute positively to society. Through its mission, Frederica Academy Inc cultivates not just scholars but thoughtful, engaged citizens.
This information is meant to be a general summary of Frederica 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: $249,413
- Program Service Revenue: $9,274,916
- Gross Receipts: $18,500,572
Assets and Liabilities:
- Total Assets: $26,190,824
- Total Liabilities: $8,457,410
- Net Assets: $17,733,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$8,426,746
AUXILIARY REVENUE
Revenue
$620,218
OTHER INCOME
Revenue
$227,952
Organization Details
Founding Year
1969
Phone
(912) 638-9981Principal Officer
Sandi Channell
Main Address
200 MURRAY WAY, ST SIMONS ISLAND, GA, 315221634
Website
www.fredericaacademy.orgNTEE Category
Code: B200 - Education
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