Overview
What is Fayette Academy?
Fayette Academy is a nonprofit institution located in Somerville, Tennessee. As a college-preparatory school, it adheres to Christian beliefs and offers education to students from pre-kindergarten to twelfth grade. The school's mission is multifaceted, aiming to foster the academic, personal, moral, social, and physical development of each student in a secure environment. This is achieved through co-educational programs and a variety of extracurricular activities. The institution, with a dedicated workforce of 118 employees, is committed to nurturing well-rounded individuals, emphasizing holistic growth.
Official website here: www.fayetteacademy.com
What are the reviews and ratings of this charity?
**Fayette Academy: One-Star out of Four Star Rating (Charity Navigator)**
Fayette Academy has received a One-Star rating from Charity Navigator, reflecting a score of 55%. This rating indicates significant concerns regarding the organization’s accountability and finance. While the charity has a fully independent board and successfully meets several financial auditing requirements, it lacks essential policies such as conflict of interest and whistleblower policies, which are critical for safeguarding its integrity.
The academy's financial health shows a high liabilities-to-assets ratio of 80.98%, which may indicate potential future challenges in financial sustainability. Additionally, although a majority of its expenditures are directed towards programs, the program expense ratio of 59.02% raises questions about resource allocation. Overall, the lack of necessary policies and a precarious financial structure contribute to its low rating.
User reviews from GreatNonprofits are not available at this time, making it difficult to gauge public sentiment more broadly regarding Fayette Academy. However, the organization's current rating illustrates important areas for improvement that stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Fayette Academy legitimate?
Fayette Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayette 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: $3,304,825
For more financial information, click here
Official website here: www.fayetteacademy.com
What is the mission statement of Fayette Academy?
Fayette Academy, rooted in Christian beliefs, is a college-preparatory school offering education to students from pre-K to grade twelve. The school's mission is centered around the holistic development of each student, with a strong focus on academic, personal, moral, social, and physical growth. In a safe environment, Fayette Academy provides co-educational and extracurricular activities to its students from pre-kindergarten to 12th grade, aiming to foster well-rounded individuals.
Official website here: www.fayetteacademy.com
Who is the CEO of Fayette Academy?
Kathy Davis is the Chairman of Fayette Academy.
Official website here: www.fayetteacademy.com
What is the revenue of Fayette Academy?
Fayette Academy's revenue in 2023 was $7,318,201.
Official website here: www.fayetteacademy.com
Who are the executives of Fayette Academy and what are their salaries?
The average compensation at Fayette Academy during 2023 was $28,007. There are 118 employees and 20 volunteers at Fayette Academy.
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- Compensation: $109,108
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- Other: $4,474
Official website here: www.fayetteacademy.com
Where can I find the form 990 for Fayette Academy?
Fayette Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fayetteacademy.com
Learn more at the official website: www.fayetteacademy.com
Mission Statement of Fayette Academy
Fayette Academy, a college-preparatory school grounded in Christian beliefs, is committed to delivering a high-quality education to students from pre-K to grade twelve. The institution's primary objective is to foster the holistic development of each student, with equal emphasis on academic, personal, moral, social, and physical growth. In pursuit of this goal, Fayette Academy offers a co-educational environment, complemented by a variety of extracurricular activities. The school's mission is to provide an enriching educational experience for students, empowering them to mature into well-rounded individuals capable of making a positive impact on the world.
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Impact
July, 2024
Fayette Academy's impact is profound in shaping well-rounded individuals who excel academically, morally, and socially. By providing a college preparatory education based on Christian beliefs, the school instills values that guide students through their academic journey and into adulthood. Students at Fayette Academy benefit from a holistic approach to education that prioritizes personal growth alongside academic achievement. This focus on students' overall development creates a lasting impact that extends far beyond the classroom, preparing them to succeed in various aspects of their lives.
This information is meant to be a general summary of Fayette 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: $63,576
- Program Service Revenue: $5,935,167
- Gross Receipts: $8,057,084
Assets and Liabilities:
- Total Assets: $9,956,981
- Total Liabilities: $8,063,593
- Net Assets: $1,893,388
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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
$5,527,873
SCHOOL ORGANIZATIONS
Revenue
$231,250
SCHOOL ATHLETICS
Revenue
$176,044
Organization Details
Founding Year
1965
Phone
(901) 465-3241Principal Officer
Kathy Davis
Main Address
P O BOX 130, SOMERVILLE, TN, 38068
Website
www.fayetteacademy.comNTEE Category
Code: B20 - Education
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