Overview
What is Peace Academy?
Peace Academy is a private, non-profit institution located in Tulsa, Oklahoma, recognized under Internal Revenue Code 501(C)(3). With a mission to inspire noble character and righteous leadership, the academy aims to promote lifelong learning in an Islamic environment. Serving students from pre-school to high school, Peace Academy currently has around 219 students, with a majority qualifying for free or reduced-price lunches. The school adheres to the academic standards set forth by Oklahoma's State Department of Education, ensuring that the majority of students perform average or above on standardized tests. In addition to academic pursuits, students participate in sports competitions with local schools. Peace Academy has been active in federal Title programs for several years and is recognized as a school of high achievements. With 57 employees, the academy is dedicated to providing the best for its students and contributing positively to its community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 27%, Zero-Star out of Four Star rating.
Peace Academy has received a low score of 27% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board, it falls short in essential governance and financial transparency areas, particularly in the absence of financial statements and various key policies.
The majority of the organization's strengths lie in its independent governance structure, with 100% of board members being independent. However, the lack of critical documents such as a conflict of interest policy, whistleblower policy, and financial disclosure undermines its operational integrity. The program expense ratio is also notably low at 20.65%, suggesting that a minimal portion of its funds is directed towards its programs.
Overall, Peace Academy’s lack of transparency and governance documentation raises red flags for potential donors and stakeholders. Without improvements in these areas, the organization may struggle to build trust and effectively demonstrate its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Peace Academy legitimate?
Peace Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peace 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: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,010,946
For more financial information, click here
What is the mission statement of Peace Academy?
Peace Academy's mission is centered around promoting lifelong learning and fostering an Islamic environment. This mission aims to inspire noble character and righteous leadership among its students, transforming them into knowledgeable scholars, responsible citizens, and active community builders. The academy utilizes academic standards set by Oklahoma's State Department of Education and encourages its students to perform well in standardized tests. Additionally, the students participate in sports competitions with other local schools. Peace Academy has been recognized for its high achievements and has been a part of federal Title programs for several years. It is accredited by Oklahoma Private School Accreditation Commission, demonstrating its commitment to providing quality education.
Who is the CEO of Peace Academy?
Babar Saeed is the Treasurer of Peace Academy.
What is the revenue of Peace Academy?
Peace Academy's revenue in 2022 was $2,209,823.
Who are the executives of Peace Academy and what are their salaries?
The average compensation at Peace Academy during 2022 was $18,087. There are 57 employees and 10 volunteers at Peace Academy.
Here are 7 key members and their salaries:
- Compensation: $20,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Peace Academy?
Peace Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peace Academy
Peace Academy, a recognized non-profit under Internal Revenue Code 501(C)(3), is committed to providing a nurturing learning environment for students from pre-school to high school. Its mission is to foster lifelong learning and inspire noble character and righteous leadership. The academy aims to cultivate knowledgeable scholars, contributing citizens, and community builders within its student body. The school adheres to the academic standards set forth by Oklahoma's State Department of Education and has a majority of students who score average or above on standardized tests. Peace Academy's students also engage in sports competitions with other local schools, showcasing their dedication to both academic and extracurricular activities. The academy is well-known for its high achievements and has been a part of various federal Title programs for several years. Peace Academy is accredited by Oklahoma Private School Accreditation Commission, demonstrating its commitment to maintaining high standards for its students and community.
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Impact
July, 2024
Peace Academy has a significant impact on the community by providing a learning environment that promotes lifelong learning and instills noble character and leadership qualities in its students. The school, with its focus on Islamic values, aims to nurture knowledgeable scholars, contributing citizens, and community builders. With a diverse student body, many of whom qualify for free or reduced-price lunches, Peace Academy upholds academic standards set by the Oklahoma State Department of Education and consistently achieves average or above-average scores on standardized tests. In addition to academics, the school also prioritizes sports competitions with other local schools, contributing to a well-rounded education for its students. Accredited by the Oklahoma Private School Accreditation Commission, Peace Academy is recognized as a school of high achievements, striving to be the best for its students and the wider community.
This information is meant to be a general summary of Peace 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 2022.
- Investment Income: $33,490
- Gross Receipts: $2,209,823
Assets and Liabilities:
- Total Assets: $1,522,274
- Total Liabilities: $698
- Net Assets: $1,521,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NONE
Organization Details
Founding Year
1990
Principal Officer
Babar Saeed
Main Address
4620 S IRVINGTON, TULSA, OK, 74135
NTEE Category
Code: B24Z - Education
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