Overview
What is Faith Educational Ministries Inc?
Faith Educational Ministries Inc, situated in Loganville, Georgia, serves as an educational center primarily for high school students. With a Fall and Spring enrollment of approximately 750 students in the 2021-2022 academic year, the organization offers a tutorial program that culminates in a technical or college preparation diploma upon completion of the coursework. Notably, around 200 students graduated during this period, with about 60% continuing their education in institutions of higher learning, such as technical schools, trade programs, and universities. The nonprofit, Faith Educational Ministries Inc, is accredited by AdvanceED, providing an alternative education method that emphasizes discipline and independence, enabling students to excel in their academic pursuits.
Official website here: www.faithaca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star Rating
Faith Educational Ministries Inc has received a low rating from Charity Navigator, reflecting a score of just 54%. This score highlights significant areas for improvement, particularly in accountability and financial transparency. The organization lacks independent board members, has missing conflict of interest and whistleblower policies, and has not provided financial statements, which are critical for donor trust and organizational integrity.
Despite these concerns, the organization demonstrates a strong commitment to its programs, with a program expense ratio of 82.49%. This indicates that a substantial majority of its expenditures go directly towards its programs rather than administrative costs. Additionally, the organization has maintained a reasonable liabilities to assets ratio of 13.42%, which suggests it is managing its debts effectively.
Overall, while Faith Educational Ministries Inc shows promise in program funding, its governance and financial oversight practices need significant enhancement to build credibility and ensure long-term sustainability. Donors should consider these aspects carefully when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Educational Ministries Inc legitimate?
Faith Educational Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Educational Ministries 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: $160,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $417,906
For more financial information, click here
Official website here: www.faithaca.org
What is the mission statement of Faith Educational Ministries Inc?
Faith Educational Ministries Inc, as an educational institution, is dedicated to offering an alternative high school diploma to students through its AdvanceED-accredited Faith Academy. The non-traditional teaching approach employed by the academy emphasizes discipline and fosters independence in students, aiding their ability to work independently. The mission of Faith Educational Ministries Inc is to equip students with an accredited diploma, using a unique educational method, thereby preparing them for further educational pursuits in institutions of higher learning. During the 2021-2022 academic year, the program saw around 750 enrolled students, with approximately 200 graduates, of whom around 60% continued their education in universities or technical and trade institutions.
Official website here: www.faithaca.org
Who is the CEO of Faith Educational Ministries Inc?
Eric Crawford is the President of Faith Educational Ministries Inc.
Official website here: www.faithaca.org
What is the revenue of Faith Educational Ministries Inc?
Faith Educational Ministries Inc's revenue in 2022 was $1,054,114.
Official website here: www.faithaca.org
Who are the executives of Faith Educational Ministries Inc and what are their salaries?
The average compensation at Faith Educational Ministries Inc during 2022 was $20,643. There are 28 employees at Faith Educational Ministries Inc.
Here are 2 key members and their salaries:
- Compensation: $46,100
- Related: $0
- Other: $13,499
- Compensation: $87,000
- Related: $0
- Other: $13,499
Official website here: www.faithaca.org
Where can I find the form 990 for Faith Educational Ministries Inc?
Faith Educational Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faithaca.org
Learn more at the official website: www.faithaca.org
Mission Statement of Faith Educational Ministries Inc
Faith Educational Ministries Inc, a renowned educational center, is dedicated to providing an alternative means for high school students to attain an Accredited High School Diploma. Their unique approach to instruction is highly disciplinary and aids students in developing their independence. The non-traditional method employed by Faith Academy empowers students to effectively manage their own learning, thereby fostering personal growth and academic success.
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Impact
July, 2024
Faith Educational Ministries Inc, through its program Faith Academy, has had a significant impact on high school students seeking alternative ways to earn an accredited diploma. With a highly disciplinary approach and emphasis on independent work, Faith Academy has successfully guided approximately 200 students in graduating and receiving their diplomas in the last year alone.
Furthermore, about 60% of these graduates have gone on to pursue further education in technical fields, trade schools, and universities. This demonstrates the effectiveness of Faith Academy in preparing students for success beyond high school. By providing a non-traditional method of instruction, Faith Educational Ministries Inc is making a tangible difference in the lives of students in Loganville, GA, and beyond.
This information is meant to be a general summary of Faith Educational Ministries 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.
- Program Service Revenue: $1,054,114
- Gross Receipts: $1,054,114
Assets and Liabilities:
- Total Assets: $94,630
- Total Liabilities: $12,700
- Net Assets: $81,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition/Graduation Fee
Revenue
$1,054,114
Organization Details
Founding Year
1998
Phone
(770) 490-4191Principal Officer
Eric Crawford
Main Address
2571 Hwy 78, Loganville, GA, 30052
Website
www.faithaca.orgNTEE Category
Code: B90 - Education
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