Overview
What is The Academy At Ocean Reef Inc?
The Academy at Ocean Reef Inc. is a nonprofit, independent school situated in Key Largo, Florida. It serves both full-time and seasonal children of members and employees at The Ocean Reef Club. The school caters to students from preschool through eighth grade and has been accredited by the Florida Council of Independent Schools and the Florida Kindergarten Council. Its primary mission is to provide quality education for children at various levels, fostering their growth and development. The institution is operated by a team of 30 dedicated professionals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Academy At Ocean Reef Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored well across various criteria, particularly in governance, with 100% of its board members being independent, which reflects strong oversight and integrity in its operations.
Moreover, the organization has demonstrated effective financial management, reporting a low liabilities to assets ratio of 10.03% and allocating 85.84% of its expenses directly to its programs. This suggests that a significant portion of its funding is devoted to fulfilling its mission rather than administrative costs.
While the overall score is exemplary in terms of accountability, the rating is solely based on financial metrics. This focus may limit insights into other important aspects such as program outcomes or community impact, which are not captured in the current evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is The Academy At Ocean Reef Inc legitimate?
The Academy At Ocean Reef Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Academy At Ocean Reef 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: $1,695,291
For more financial information, click here
What is the mission statement of The Academy At Ocean Reef Inc?
The Academy at Ocean Reef Inc, as a non-profit independent school, is committed to providing education for children from the preschool level up until the secondary level. Their mission is centered around serving both full-time and seasonal children of members and employees at the Ocean Reef Club, catering to students in grades ranging from preschool to eighth grade. The school holds accreditations from prestigious organizations such as the Florida Council of Independent Schools and the Florida Kindergarten Council.
What is the revenue of The Academy At Ocean Reef Inc?
The Academy At Ocean Reef Inc's revenue in 2024 was $2,882,804.
Who are the executives of The Academy At Ocean Reef Inc and what are their salaries?
The average compensation at The Academy At Ocean Reef Inc during 2024 was $62,789. There are 27 employees at The Academy At Ocean Reef Inc.
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Where can I find the form 990 for The Academy At Ocean Reef Inc?
The Academy At Ocean Reef Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Academy At Ocean Reef Inc
The Academy at Ocean Reef Inc, a esteemed non-profit institution, is committed to providing education for children from preschool to the secondary level. This mission is carried out with a focus on serving both full-time and seasonal children of members and employees at the Ocean Reef Club, catering to grades preschool through eighth grade. The school holds accreditations from two reputable organizations, namely the Florida Council of Independent Schools and the Florida Kindergarten Council, ensuring it upholds high educational standards.
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Impact
July, 2024
The Academy At Ocean Reef Inc impacts the Key Largo community by providing high-quality education for children from preschool through secondary levels. This nonprofit independent school serves full-time and seasonal children of members and employees at the Ocean Reef Club, ensuring that they receive a well-rounded education accredited by the Florida Council of Independent Schools and the Florida Kindergarten Council. The Academy's mission to educate and prepare students for their academic journey contributes to the growth and development of the local community.
This information is meant to be a general summary of The Academy At Ocean Reef 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 2024.
- Investment Income: $489
- Program Service Revenue: $1,415,529
- Gross Receipts: $2,882,804
Assets and Liabilities:
- Total Assets: $3,861,432
- Total Liabilities: $484,375
- Net Assets: $3,377,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAMS AND FEES
Revenue
$1,364,607
OTHER SERVICES
Revenue
$36,867
TUITION PAYMENT FEES
Revenue
$10,760
APPLICATION FEES
Revenue
$2,670
ENROLLMENT FEES
Revenue
$625
Organization Details
Founding Year
1989
Principal Officer
Russell Post
NTEE Category
Code: B25 - Education
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