Overview
What is Faith Fellowship Academy Inc?
Faith Fellowship Academy Inc, based in Melbourne, Florida, is a nonprofit organization that specializes in providing education for preschool and elementary-level students. With a team of approximately 27 dedicated individuals, the academy follows a Christian approach to teaching, aiming to instill moral values alongside academic knowledge. Located at 2820 Business Center Blvd, this institution serves between two hundred and three hundred students, ensuring a nurturing and supportive learning environment.
Official website here: www.ffacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (45%)
Faith Fellowship Academy Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score of 45% stems primarily from issues related to its financial statements and governance practices. While the organization has a majority of independent board members, it falls short in several other critical areas, such as having an inadequate number of independent board members and missing essential policies like a conflict of interest and whistleblower policy.
On a positive note, the charity has demonstrated some fiscal responsibility, with a low liabilities to assets ratio of 1.38%, suggesting a manageable debt level. Additionally, it has shown compliance in areas like material diversion of assets and document retention. However, the program expense ratio of 53% raises questions about the efficiency of its spending, as a significant portion of its expenditures may not be directed towards its intended programs.
Overall, while Faith Fellowship Academy Inc exhibits some strengths, the lack of essential governance policies and financial transparency significantly impacts its evaluation. Potential donors and supporters should be cautious and consider these limitations before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Fellowship Academy Inc legitimate?
Faith Fellowship Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Fellowship 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: $115,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $693,346
For more financial information, click here
Official website here: www.ffacademy.org
What is the mission statement of Faith Fellowship Academy Inc?
Faith Fellowship Academy Inc is committed to serving the educational needs of preschool and elementary-level students, focusing on a Christian approach. Their mission is centered around providing quality education, fostering a nurturing environment that caters to the development and growth of approximately two to three hundred students. The academy aims to instill values and knowledge in its students, shaping them into well-rounded individuals.
Official website here: www.ffacademy.org
Who is the CEO of Faith Fellowship Academy Inc?
Carissa Reynolds is the Administrator/Director of Faith Fellowship Academy Inc.
Official website here: www.ffacademy.org
What is the revenue of Faith Fellowship Academy Inc?
Faith Fellowship Academy Inc's revenue in 2023 was $1,374,251.
Official website here: www.ffacademy.org
Who are the executives of Faith Fellowship Academy Inc and what are their salaries?
The average compensation at Faith Fellowship Academy Inc during 2023 was $29,968. There are 27 employees at Faith Fellowship Academy Inc.
Here are 3 key members and their salaries:
- Compensation: $115,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ffacademy.org
Where can I find the form 990 for Faith Fellowship Academy Inc?
Faith Fellowship Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ffacademy.org
Learn more at the official website: www.ffacademy.org
Mission Statement of Faith Fellowship Academy Inc
Faith Fellowship Academy Inc, as a Christian organization, is dedicated to the education of preschool and elementary-level students. Their mission is centered around providing a nurturing environment that fosters spiritual growth alongside academic development. With a student population between two and three hundred, the academy is committed to shaping the minds and hearts of its young learners, instilling in them values and knowledge that will serve them throughout their lives.
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Impact
July, 2024
Faith Fellowship Academy Inc's impact is significant in providing education to preschool and elementary-level students. The academy is devoted to instilling Christian values and principles in its students while ensuring a high standard of education. With a focus on serving between two and three hundred students, Faith Fellowship Academy Inc plays a crucial role in shaping the academic and spiritual growth of young learners in the Melbourne, FL area.
This information is meant to be a general summary of Faith Fellowship 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.
- Program Service Revenue: $1,374,251
- Gross Receipts: $1,374,251
Assets and Liabilities:
- Total Assets: $285,530
- Total Liabilities: $3,950
- Net Assets: $281,580
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Organization Details
Founding Year
1998
Phone
(321) 259-7200Principal Officer
Carissa Reynolds
Main Address
2820 Business Center Blvd, Melbourne, FL, 32940
Website
www.ffacademy.orgNTEE Category
Code: B240 - Education
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