Overview
What is Beacon Academy Inc?
Beacon Academy Inc, situated in Boston, Massachusetts, is a distinguished nonprofit organization that offers an additional year of education for urban students transitioning between 8th and 9th grades. Its primary objective is to empower underperforming students from public schools, helping them excel in the rigorous curriculum of prestigious private schools. The academy operates for 14 months, with intensive 8-hour school days, supplemented by homework, study halls, and co-curricular activities. Beacon Academy's academic program is rigorous, covering subjects like math, English, and history, as well as research, advocacy, and mini-courses in science and Latin. Beyond academics, the school emphasizes community service, nutrition education, and sports activities to foster well-rounded students. With experienced teachers, small classes, and a supportive environment, Beacon Academy aims to provide students with two years' worth of learning in just one year. The nonprofit's mission is to propel its students through college graduation and beyond, ensuring their success in the competitive educational landscape. With a dedicated team of 18 employees, Beacon Academy Inc upholds its commitment to instilling confidence and academic excellence in its students.
Official website here: www.beaconacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Beacon Academy Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The organization received a perfect score in key areas, including having a fully independent board and rigorous financial oversight. With a program expense ratio of nearly 80%, it demonstrates a strong commitment to directing resources toward its mission.
The nonprofit excels in governance practices, such as having comprehensive policies for conflict of interest and whistleblower protection. Additionally, there are no reported issues with asset diversion, which underscores its financial integrity. These factors contribute to a solid foundation of trust for potential donors and stakeholders.
While Beacon Academy Inc shows robust financial health, maintaining a low liabilities-to-assets ratio and high working capital, continuous monitoring of its operational efficiency will be essential for sustaining its success. Overall, the organization's exemplary scores highlight its dedication to transparency and effective resource management in pursuit of its philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Academy Inc legitimate?
Beacon Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon 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: $391,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $912,844
For more financial information, click here
Official website here: www.beaconacademy.org
What is the mission statement of Beacon Academy Inc?
Beacon Academy Inc's mission is centered around empowering urban students from underperforming public schools, providing them with an extra year of education between 8th and 9th grade. The goal is to transition these students into the highest performing private schools. The academy supports its students throughout their college education and beyond, offering a rigorous 14-month program with intensive academic instruction, co-curricular activities, study halls, and homework. The curriculum is designed to ensure students gain at least two years of learning in one year, preparing them for success in competitive secondary schools. Beacon Academy also offers additional summer programs, small classes, and experienced teachers to ensure an engaging and rigorous learning environment. Students participate in mini courses in science and Latin, community service learning, and activities to increase their cultural fluency.
Official website here: www.beaconacademy.org
Who is the CEO of Beacon Academy Inc?
Charles E Carter is the Fmr Hd Of School (Thru 1/2021) of Beacon Academy Inc. The CEO's salary of Beacon Academy Inc is $101,254 and their total compensation is $108,797.
Official website here: www.beaconacademy.org
What is the revenue of Beacon Academy Inc?
Beacon Academy Inc's revenue in 2022 was $1,203,429.
Official website here: www.beaconacademy.org
Who are the executives of Beacon Academy Inc and what are their salaries?
The average compensation at Beacon Academy Inc during 2022 was $72,448. There are 18 employees and 20 volunteers at Beacon Academy Inc.
Here are 31 key members and their salaries (Beacon Academy Inc's CEO's salary is $101,254 and their total compensation is $108,797):
- Compensation: $222,337
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- Other: $18,941
- Compensation: $100,398
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- Other: $13,057
- Compensation: $101,254
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Official website here: www.beaconacademy.org
Where can I find the form 990 for Beacon Academy Inc?
Beacon Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaconacademy.org
Learn more at the official website: www.beaconacademy.org
Mission Statement of Beacon Academy Inc
Beacon Academy Inc, a nonprofit organization, is dedicated to propelling urban students from underperforming public schools to the highest-performing private schools. Its mission is to support these students from the 8th grade through college graduation and beyond. The academy achieves this through a full-time extra year of school, designed to provide an intensive and rigorous educational experience.
The academy's 14-month program is characterized by long school days, with up to 8 hours of academic instruction, co-curricular programming, study halls, and several hours of homework. The academic year is divided into an initial 5-week summer session, followed by a year of rigorous instruction in subjects like math, English, and history, among others. Additionally, students engage in mini-courses in science and Latin, and participate in community service learning, nutrition education, and sports activities to enhance their cultural fluency and overall development.
Beacon Academy's approach is unique, with small classes, experienced teachers, and an engaging curriculum that enables students to achieve at least two years of learning in just one year. This intensive program prepares them for the competitive secondary schools, setting them on a path towards academic success and future opportunities.
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Impact
July, 2024
Beacon Academy Inc's impact is profound, as it provides urban students from underperforming public schools with a transformative opportunity to excel academically and personally. By offering a rigorous 14-month program with extended school hours, engaging curriculum, and small class sizes, Beacon Academy ensures that students gain at least two years of learning in just one year. This intensive preparation equips students to succeed in competitive secondary schools and beyond. Additionally, Beacon Academy's emphasis on community service, cultural fluency, and holistic education contributes to the well-rounded development of its students. Overall, Beacon Academy's dedication to propelling students towards academic excellence and supporting them through college graduation has a lasting and far-reaching impact on the individuals it serves and the communities they belong to.
This information is meant to be a general summary of Beacon 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: -$968,015
- Program Service Revenue: $575
- Gross Receipts: $6,689,672
Assets and Liabilities:
- Total Assets: $16,262,278
- Total Liabilities: $145,372
- Net Assets: $16,116,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$575
Organization Details
Founding Year
2005
Phone
(617) 423-2266Principal Officer
Charles E Carter
Main Address
814 South Street, BOSTON, MA, 02131
Website
www.beaconacademy.orgNTEE Category
Code: B28 - Education
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