Overview
What is Tuscaloosa Academy?
Tuscaloosa Academy is a nonprofit organization committed to offering a college-preparatory education in an atmosphere encouraging intellectual freedom. Their mission is to foster a deep appreciation for learning, nurture each student's academic potential, and develop their character, equipping them for life's challenges. The organization operates with the goal of maximizing each student's growth, both academically and personally.
Official website here: www.tuscaloosaacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Tuscaloosa Academy has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score is solely based on their accountability measures, which highlights the organization’s focus on transparency and responsible financial management. This high rating is significant as it indicates that the organization adheres to best practices in governance and financial oversight.
One of the notable strengths of Tuscaloosa Academy is its fully independent board, with 100% of its members meeting this criterion. This independent leadership structure enhances decision-making and reinforces the organization's integrity. Furthermore, the organization demonstrates excellent financial practices, maintaining a program expense ratio of 85.35%, ensuring that a significant portion of its funds directly supports its mission.
However, there is a minor limitation worth noting, as the organization lacks a whistleblower policy which may affect its overall governance practices. Despite this gap, the organization's strong performance in other areas, such as financial audits and conflict of interest policies, underscores its dedication to maintaining trust and accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Tuscaloosa Academy legitimate?
Tuscaloosa Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tuscaloosa 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: $321,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,577,026
For more financial information, click here
Official website here: www.tuscaloosaacademy.org
What is the mission statement of Tuscaloosa Academy?
Tuscaloosa Academy's mission is centered around offering a comprehensive college-preparatory education. This education is delivered in an environment that fosters intellectual freedom, encouraging a deep-rooted love for learning in each student. The academy's primary goal is to help students realize their full potential, not only in academic achievement but also in character development and readiness for life beyond school.
Official website here: www.tuscaloosaacademy.org
What is the revenue of Tuscaloosa Academy?
Tuscaloosa Academy's revenue in 2024 was $8,198,812.
Official website here: www.tuscaloosaacademy.org
Who are the executives of Tuscaloosa Academy and what are their salaries?
The average compensation at Tuscaloosa Academy during 2024 was $27,846. There are 140 employees and 75 volunteers at Tuscaloosa Academy.
Here are 16 key members and their salaries:
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- Compensation: $199,400
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Official website here: www.tuscaloosaacademy.org
Where can I find the form 990 for Tuscaloosa Academy?
Tuscaloosa Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tuscaloosaacademy.org
Learn more at the official website: www.tuscaloosaacademy.org
Mission Statement of Tuscaloosa Academy
Tuscaloosa Academy, a renowned educational institution, is committed to providing a college-preparatory education in an atmosphere that fosters intellectual freedom. The organization's mission is twofold: firstly, it aims to cultivate a deep-seated love for learning within its students. Secondly, Tuscaloosa Academy strives to maximize each student's potential for academic achievement, character development, and readiness for life. This mission is carried out in a supportive environment that encourages personal growth and the nurturing of well-rounded individuals equipped to navigate the complexities of modern life.
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Impact
July, 2024
Tuscaloosa Academy's impact is profound in shaping the academic and personal development of its students. By providing a college-preparatory education in a supportive environment that fosters intellectual freedom and a love of learning, Tuscaloosa Academy equips its students with the skills and knowledge necessary for success in college and beyond. Through a focus on academic achievement, character development, and readiness for life, the institution plays a crucial role in preparing students to face the challenges of the future with confidence and competence.
This information is meant to be a general summary of Tuscaloosa 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 2024.
- Investment Income: $114,648
- Program Service Revenue: $6,787,486
- Gross Receipts: $8,537,538
Assets and Liabilities:
- Total Assets: $6,632,228
- Total Liabilities: $3,171,907
- Net Assets: $3,460,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$5,486,828
MISC SCHOOL INCOME
Revenue
$798,823
TAKS AND TAPA INCOME
Revenue
$214,425
ACTIVITY FEES
Revenue
$162,343
ATHLETICS INCOME
Revenue
$125,067
Organization Details
Founding Year
1967
Principal Officer
Dan Johnson
Website
www.tuscaloosaacademy.orgNTEE Category
Code: B20 - Education
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