Overview
What is Precious Promise Academy Inc?
Precious Promise Academy Inc, situated in Fort Lauderdale, Florida, is a dedicated nonprofit organization committed to fostering the holistic development of children. With a Christian philosophy, they offer engaging preschool programs aimed at helping children reach their full potential. Their curriculum, based on ABEKA, ensures learning remains both interesting and enjoyable. The academy invests significantly in teaching supplies, utilities, travel, advertising, and promotion to support their mission. With a team of 43 dedicated individuals, they strive to assist parents in raising well-adjusted children, providing a nurturing environment for their growth.
Official website here: www.preciouspromiseacademy.com
What are the reviews and ratings of this charity?
This charity has received a Zero-Star out of Four Star rating from Charity Navigator, indicating a score of 48%. This rating reflects significant concerns regarding accountability and financial management, with particular weaknesses in the Program Expense Ratio and other financial metrics. While the organization has a fully independent board and strong policies in place for some governance aspects, the lack of certain key policies has impacted its overall rating.
Among the strengths of Precious Promise Academy Inc, all board members are independent, and the organization has demonstrated good practices in terms of material diversion of assets and financial oversight. However, the absence of a whistleblower policy and document retention guidelines raises questions about transparency and accountability. Additionally, financial statements are not readily available on their website, which hinders public access to important information.
The financial performance indicators suggest that a small portion of resources is dedicated to program expenses, which may raise concerns about the effectiveness and impact of the organization's activities. Improvements in policy implementation and financial transparency are necessary for Precious Promise Academy Inc to enhance its rating and, ultimately, its ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Precious Promise Academy Inc legitimate?
Precious Promise Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious Promise 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: $69,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $966,078
For more financial information, click here
Official website here: www.preciouspromiseacademy.com
What is the mission statement of Precious Promise Academy Inc?
Precious Promise Academy Inc. is committed to fostering the mental, physical, and social development of children. Their mission is to provide preschool programs that stimulate and motivate children, encouraging them to reach their full potential. The institution believes it is their duty to assist parents in raising well-rounded, content individuals. They operate under a Christian educational philosophy and provide a nurturing environment for children's growth. The ABEKA curriculum is utilized to ensure learning remains engaging and enjoyable.
Official website here: www.preciouspromiseacademy.com
Who is the CEO of Precious Promise Academy Inc?
Thomas Manning is the President of Precious Promise Academy Inc.
Official website here: www.preciouspromiseacademy.com
What is the revenue of Precious Promise Academy Inc?
Precious Promise Academy Inc's revenue in 2022 was $2,396,901.
Official website here: www.preciouspromiseacademy.com
Who are the executives of Precious Promise Academy Inc and what are their salaries?
The average compensation at Precious Promise Academy Inc during 2022 was $24,079. There are 43 employees at Precious Promise Academy Inc.
Here are 8 key members and their salaries:
- Compensation: $69,315
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- Other: $0
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- Other: $0
Official website here: www.preciouspromiseacademy.com
Where can I find the form 990 for Precious Promise Academy Inc?
Precious Promise Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preciouspromiseacademy.com
Learn more at the official website: www.preciouspromiseacademy.com
Mission Statement of Precious Promise Academy Inc
Precious Promise Academy Inc, a nonprofit organization, is committed to the holistic development of children. Their mission revolves around nurturing the mental, physical, and social aspects of young learners. They provide preschool programs that stimulate and motivate children, encouraging them to reach their full potential. This mission extends beyond academics, as Precious Promise Academy Inc believes it is their responsibility to aid parents in raising content and well-adjusted individuals. The organization upholds a Christian philosophy of education and fosters a faith-based environment that promotes growth. To maintain an engaging and enjoyable learning experience, they employ the ABEKA curriculum, known for its ability to blend learning and fun.
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Impact
July, 2024
Precious Promise Academy Inc is dedicated to the mental, physical, and social development of children through its preschool programs. By challenging and encouraging children to achieve their fullest potential, this organization plays a crucial role in fostering the growth and well-being of young individuals. With a Christian philosophy of education and a nurturing environment for learning, Precious Promise Academy Inc ensures that children receive an enriching and holistic educational experience. The use of the ABEKA curriculum keeps learning both interesting and fun, further enhancing the impact of the organization on the lives of the children it serves. Through its commitment to providing quality education and support to parents in raising well-adjusted individuals, Precious Promise Academy Inc continues to make a positive difference in the community.
This information is meant to be a general summary of Precious Promise 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 2022.
- Investment Income: $21,016
- Program Service Revenue: $2,185,751
- Gross Receipts: $2,396,901
Assets and Liabilities:
- Total Assets: $2,274,837
- Total Liabilities: $206,436
- Net Assets: $2,068,401
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Organization Details
Founding Year
1988
Phone
(954) 731-1616Principal Officer
Thomas Manning
Main Address
2699 West Commercial Blvd, Fort Lauderdale, FL, 33309
NTEE Category
Code: B21 - Education
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