Overview
What is Reading Edge Academy Inc?
Reading Edge Academy Inc, located in Debary, Florida, is a dedicated not-for-profit public charter elementary school. With a focus on promoting reading education, they served 529 students across two locations during the school year. The school's mission is deeply rooted in its commitment to reading, making it a unique learning environment. The organization boasts a workforce of 65 dedicated individuals, contributing to the academic growth and development of its students.
Official website here: www.readingedgeacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating.
Reading Edge Academy Inc has received a Two-Star rating from Charity Navigator, indicating that while there are some areas of strength, significant weaknesses also exist in their accountability and financial practices. The organization demonstrates an encouraging program expense ratio of 81.37%, reflecting a commitment to using funds directly for educational programs. However, the lack of independent financial statements and missing policies, such as those for conflict of interest and whistleblowing, raise concerns about transparency and governance.
The board of directors has achieved a high percentage of independent members, which is a positive aspect, yet the overall size of the independent board is minimal. This could limit diverse oversight and decision-making. The organization is noted for having no material diversion of assets, which is a strong point in terms of financial integrity, but the absence of critical documents and policies could hinder its operational effectiveness and accountability.
In summary, while Reading Edge Academy Inc shows a dedication to its programmatic mission, it faces challenges in financial reporting and governance that need to be addressed to enhance trust and reliability with stakeholders and donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Reading Edge Academy Inc?
90% of 19 reviewers on Facebook recommend Reading Edge Academy Inc. Here's a summary of their insights:
Many patrons highlight the excellent staff and small classroom sizes, which contribute to a favorable learning environment. Parents appreciate the easy access for pickup, making logistics hassle-free. Reviewers also mention the non-stressful atmosphere that the academy provides, underscoring the caring nature of the teachers, suggesting that students receive personalized attention and support.
Overall, the sentiment towards Reading Edge Academy Inc. is positive, with a strong emphasis on the quality of education and the dedicated staff.
This AI summary has been generated from reviews found on Facebook.
Is Reading Edge Academy Inc legitimate?
Reading Edge Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reading Edge 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: $2,723,574
For more financial information, click here
Official website here: www.readingedgeacademy.org
What is the mission statement of Reading Edge Academy Inc?
Reading Edge Academy Inc, as a not-for-profit public charter elementary school, is committed to prioritizing reading education. Their mission is to provide a conducive learning environment that fosters the development of reading skills in its students. The school aims to make a significant impact in this area, serving a total of 529 students across two locations during the school year. Their focus on reading education is not just limited to academics but also extends to instilling a lifelong love for reading in its students.
Official website here: www.readingedgeacademy.org
Who is the CEO of Reading Edge Academy Inc?
Sue Smith is the Principal of Reading Edge Academy Inc.
Official website here: www.readingedgeacademy.org
What is the revenue of Reading Edge Academy Inc?
Reading Edge Academy Inc's revenue in 2023 was $4,316,985.
Official website here: www.readingedgeacademy.org
Who are the executives of Reading Edge Academy Inc and what are their salaries?
The average compensation at Reading Edge Academy Inc during 2023 was $41,901. There are 65 employees and 275 volunteers at Reading Edge Academy Inc.
Here are 4 key members and their salaries:
- Compensation: $125,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.readingedgeacademy.org
Where can I find the form 990 for Reading Edge Academy Inc?
Reading Edge Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.readingedgeacademy.org
Learn more at the official website: www.readingedgeacademy.org
Mission Statement of Reading Edge Academy Inc
Reading Edge Academy Inc, a not-for-profit public charter elementary school, is dedicated to emphasizing reading education. The school's mission is centered around providing a comprehensive learning environment that prioritizes the development of reading skills in its students. By focusing on this essential skill, Reading Edge Academy Inc aims to equip its students with a solid foundation for their academic journey. During the school year, this institution served 529 students across two locations, demonstrating its commitment to making quality reading education accessible to a wide range of students.
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Impact
July, 2024
Reading Edge Academy Inc's impact is evident through the significant number of students served in its two locations during the school year. With a focus on reading education, the academy plays a crucial role in improving literacy among its 529 students. By providing a high-quality education that emphasizes reading skills, Reading Edge Academy Inc is setting its students up for success in academics and beyond.
This information is meant to be a general summary of Reading Edge 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 2023.
- Investment Income: $8,710
- Program Service Revenue: $491,889
- Gross Receipts: $4,316,985
Assets and Liabilities:
- Total Assets: $5,475,124
- Total Liabilities: $1,654,524
- Net Assets: $3,820,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LUNCHES
Revenue
$202,676
SCHOOL AGED CHILD CARE
Revenue
$183,577
PTA FUND RAISING
Revenue
$51,926
OTHER BOOK FAIR
Revenue
$21,931
OTHER FIELD TRIPS
Revenue
$13,470
Organization Details
Founding Year
1997
Phone
(386) 668-8911Principal Officer
Sue Smith
Main Address
2975 ENTERPRISE RD, DEBARY, FL, 32713
Website
www.readingedgeacademy.orgNTEE Category
Code: Z99 - Unknown
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