Overview
What is Circles Of Success Learning Academy?
Circles of Success Learning Academy is a charter school situated in Memphis, Tennessee. With a distinctive mission, this institution is approved by the state, serving as a State Approved Charter School. The academy's primary purpose remains dedicated to providing quality education within its charter. The information provided does not offer specific details on additional programs or initiatives the school may offer, but as a charter school, it operates with a unique set of freedoms and accountabilities to deliver an alternative education approach.
Official website here: www.coslacharter.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Circles Of Success Learning Academy has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score is based entirely on the Accountability & Finance beacon, highlighting the organization's commitment to transparency and responsible management of resources.
The nonprofit boasts a fully independent board of directors, with 17 members that adhere to best practices in governance. It has established robust financial oversight mechanisms, including an audit committee, and demonstrates no material diversion of assets. The organization also maintains essential policies such as conflict of interest and whistleblower protections, which bolster its ethical framework.
While the overall financial health appears strong, the liabilities to assets ratio indicates moderate financial leverage at 55.08%. However, with program expenses comprising a significant 82.68% of its total budget, Circles Of Success Learning Academy prioritizes its mission-driven activities effectively, ensuring that the majority of its resources directly support its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Circles Of Success Learning Academy legitimate?
Circles Of Success Learning Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Circles Of Success Learning 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: $129,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,888,839
For more financial information, click here
Official website here: www.coslacharter.com
What is the mission statement of Circles Of Success Learning Academy?
The Circles of Success Learning Academy, being a charter school, is dedicated to its mission of serving as a state-approved educational institution. This mission prioritizes providing a learning environment that adheres to the standards set by the state authorities. The academy's primary focus is on delivering quality education, adhering to the principles and guidelines set by the state.
Official website here: www.coslacharter.com
What is the revenue of Circles Of Success Learning Academy?
Circles Of Success Learning Academy's revenue in 2023 was $3,556,020.
Official website here: www.coslacharter.com
Who are the executives of Circles Of Success Learning Academy and what are their salaries?
The average compensation at Circles Of Success Learning Academy during 2023 was $32,551. There are 62 employees and 12 volunteers at Circles Of Success Learning Academy.
Here are 15 key members and their salaries:
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Official website here: www.coslacharter.com
Where can I find the form 990 for Circles Of Success Learning Academy?
Circles Of Success Learning Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coslacharter.com
Learn more at the official website: www.coslacharter.com
Mission Statement of Circles Of Success Learning Academy
Circles of Success Learning Academy, as a state-approved charter school, is committed to its mission. This mission, simply stated, is to function as a charter school, approved by the state authorities. Although the information provided is limited, it suggests that Circles of Success Learning Academy is dedicated to providing a high-quality educational environment, tailored to the needs of its students. The school may prioritize innovation, flexibility, and accountability, which are common characteristics of charter schools. However, without further information, it's difficult to delve deeper into the specifics of their educational philosophy or goals.
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Impact
July, 2024
Circles Of Success Learning Academy in Memphis, TN has made a significant impact through its state-approved charter school program. This school has provided quality education to students in the area, helping them reach their full potential and achieve academic success. Through their dedicated mission and commitment to excellence, Circles Of Success Learning Academy has positively influenced the lives of many students in Memphis, TN. Their focus on education has contributed to the growth and development of the community, making a lasting impact on the students they serve.
This information is meant to be a general summary of Circles Of Success Learning 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.
- Program Service Revenue: $2,333,070
- Gross Receipts: $3,556,020
Assets and Liabilities:
- Total Assets: $1,031,572
- Total Liabilities: $568,203
- Net Assets: $463,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION
Revenue
$2,333,070
Organization Details
Founding Year
2003
Principal Officer
Wayne Palmer
Website
www.coslacharter.comNTEE Category
Code: B29 - Education
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