Overview
What is Canton Academic Foundation Inc?
Canton Academic Foundation Inc is a nonprofit organization situated in Canton, Mississippi. With a student body of approximately 325 individuals, it offers educational programs on a nondiscriminatory basis. The foundation encourages students' growth in various aspects, including intellectual, social, moral, and physical, through their involvement in extracurricular activities like sports, cheerleading, band, annual staff, student government, and others. They are committed to educating students with diverse learning experiences, ensuring a holistic development. The organization is staffed by 53 individuals, all working towards this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Canton Academic Foundation Inc has received an overall rating of 83%, which indicates a strong commitment to accountability and financial transparency. The charity's score is based entirely on its accountability and finance practices, reflecting a solid governance structure and responsible financial management. Key strengths include a 100% independent board composition and well-documented policies such as conflict of interest and whistleblower protections.
The foundation also demonstrates effective financial stewardship with a low liabilities to assets ratio of 37.46% and a program expense ratio of nearly 78%. This suggests that a substantial portion of its resources is directed towards its programs, which is a positive indicator for donors looking for impact.
However, while the rating is commendable, potential donors may want to consider the absence of ratings based on other metrics beyond accountability and finance. Understanding program outcomes and community impact could provide a more comprehensive view of the foundation's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Canton Academic Foundation Inc legitimate?
Canton Academic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canton Academic Foundation 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: $1,481,683
For more financial information, click here
What is the mission statement of Canton Academic Foundation Inc?
The Canton Academic Foundation Inc's mission is centered around educating students with diverse learning experiences. The goal is to foster their intellectual, social, moral, and physical growth. The foundation provides academic programs on a non-discriminatory basis, catering to a student body of approximately 325 students. Additionally, it offers opportunities for students to participate in normal extracurricular activities, such as sports, cheerleading, band, annual staff, student government, and more, ensuring inclusivity in all its activities.
Who is the CEO of Canton Academic Foundation Inc?
Daniel S Spivey is the President of Canton Academic Foundation Inc.
What is the revenue of Canton Academic Foundation Inc?
Canton Academic Foundation Inc's revenue in 2022 was $2,619,516.
Who are the executives of Canton Academic Foundation Inc and what are their salaries?
The average compensation at Canton Academic Foundation Inc during 2022 was $27,956. There are 53 employees at Canton Academic Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Canton Academic Foundation Inc?
Canton Academic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canton Academic Foundation Inc
Canton Academic Foundation, a nonprofit organization, is committed to fostering the intellectual, social, moral, and physical growth of students with varied learning experiences. Their mission is to educate these students, ensuring they develop holistically. The foundation operates on a non-discriminatory basis, providing education to an approximately 325-student body. Besides academics, the foundation offers extracurricular activities, such as sports, cheerleading, band, annual staff, student government, and more, allowing students to engage in a well-rounded experience. These activities are also provided on a non-discriminatory basis, ensuring equal opportunities for all students.
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Impact
July, 2024
Canton Academic Foundation Inc's impact lies in its mission to educate students with varied learning experiences so that they may grow intellectually, socially, morally, and physically. Through its academic programs, the foundation provides education on a nondiscriminatory basis to a student body of approximately 325 students. Additionally, the foundation offers students opportunities to participate in various extracurricular activities such as sports, cheerleading, band, annual staff, student government, and more, all on a nondiscriminatory basis. This holistic approach to education aims to nurture students in multiple aspects of their development, fostering well-rounded individuals.
This information is meant to be a general summary of Canton Academic Foundation 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: $2,610,129
- Gross Receipts: $2,619,516
Assets and Liabilities:
- Total Assets: $1,996,191
- Total Liabilities: $1,306,141
- Net Assets: $690,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,888,159
MISC INCOME
Revenue
$563,755
CAFETERIA INCOME
Revenue
$147,831
OTHER INCOME
Revenue
$10,384
Organization Details
Founding Year
1965
Principal Officer
Daniel S Spivey
Main Address
PO BOX 116, CANTON, MS, 39046
NTEE Category
Code: N41I - Recreation
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