Overview
What is Nettles Academy Inc?
Nettles Academy Inc is a nonprofit organization primarily focused on child care services, situated beyond the details provided. Since the post-Katrina rebuilding period, the organization has witnessed a notable expansion in its participant base, with the number of children receiving services rising from 24 to 70. In an effort to extend its reach, Nettles Academy launched a community service initiative in August 2007, aiming to recruit children from nearby areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%
Nettles Academy Inc has received a low rating of 27%, resulting in a Zero-Star out of Four Stars designation. This score reflects significant weaknesses in accountability and finance, particularly marked by a complete lack of independent board members and missing critical policies such as conflict of interest and whistleblower protections. The organization does have some strengths, including no material diversion of assets and a satisfactory review of financial statements.
However, the overall financial management and governance practices appear to be lacking. The program expense ratio stands at only 32.02%, indicating that a substantial portion of funds may not be allocated effectively towards the charity's mission. Furthermore, the absence of a website listed on the tax form and missing tax form disclosures raises concerns about transparency and accessibility for stakeholders.
In summary, while Nettles Academy Inc does not have major issues with asset management, the organization's governance structure and the absence of essential policies significantly detract from its overall effectiveness and credibility. Potential donors should consider these factors when evaluating their support for this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Nettles Academy Inc legitimate?
Nettles Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nettles 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: $68,974
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,186
For more financial information, click here
What is the mission statement of Nettles Academy Inc?
Nettles Academy Inc., focused on child care services, has witnessed a substantial growth in its participant numbers since the post-Katrina rebuilding period. Originally serving 24 children, the academy now caters to 70, reflecting its increased capacity and demand. In an effort to expand its reach, Nettles Academy launched a community service initiative in August 2007, inviting neighboring children to join its programs. The organization's primary objective is to provide child care services, aiming to positively impact the lives of the children in its care.
Who is the CEO of Nettles Academy Inc?
Ayango M Nettles is the Director of Nettles Academy Inc.
What is the revenue of Nettles Academy Inc?
Nettles Academy Inc's revenue in 2022 was $757,612.
Who are the executives of Nettles Academy Inc and what are their salaries?
The average compensation at Nettles Academy Inc during 2022 was $19,011. There are 14 employees at Nettles Academy Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nettles Academy Inc?
Nettles Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nettles Academy Inc
Nettles Academy, a nonprofit organization, is dedicated to providing child care services. Since the post-Katrina rebuilding period, the institution has witnessed a substantial increase in its participant count. Currently, over 70 children benefit from its services. In an effort to expand its reach, Nettles Academy initiated a community service project in August 2007, aiming to recruit neighboring children. This growth and outreach demonstrate Nettles Academy's commitment to supporting the well-being and development of young children.
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Impact
July, 2024
Nettles Academy Inc has had a significant impact on the community by providing essential child care services to families in need. Since the post-Katrina rebuilding days, the organization has seen a notable increase in the number of children benefiting from its services, growing from 24 to 70 participants. Additionally, their community service initiative launched in early August 2007 has further extended their reach by inviting neighboring children to make use of their programs. By offering these vital services, Nettles Academy Inc is making a positive difference in the lives of children and families in New Orleans.
This information is meant to be a general summary of Nettles 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.
- Program Service Revenue: $251,697
- Gross Receipts: $757,612
Assets and Liabilities:
- Total Assets: $431,722
- Total Liabilities: $78,010
- Net Assets: $353,712
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$251,697
Organization Details
Founding Year
2003
Principal Officer
Ayango M Nettles
Main Address
105 JULES AVENUE, New Orleans, LA, 70121
NTEE Category
Code: P33Z - Human services
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