Overview
What is Sage Academy Inc?
Sage Academy Inc is a nonprofit organization situated in Arizona, serving as a charter school. Offering tuition-free education for kindergarten to 8th grade students, the academy aims to make a positive impact on its students, their parents, and the community as a whole. They adopt a traditional approach in their educational methodology, striving to enhance the overall development and well-being of their students.
Official website here: www.sage-academy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Sage Academy Inc has received an overall score of 81%, which translates to a Three-Star rating, primarily based on its Accountability & Finance score. This rating indicates a solid commitment to financial transparency and accountability, with high marks in various areas, including the presence of an independent board and comprehensive financial audits. The organization also scores well on policies related to conflict of interest, whistleblowing, and document retention.
One of the key strengths of Sage Academy is its program expense ratio of 85.87%, which suggests that a significant portion of its expenses is directed towards its programs rather than administrative costs. The organization has maintained a fully independent board, which is essential for effective governance. Additionally, it has a clean record with no material diversion of assets, further reinforcing its reliability and integrity.
However, it's important to note that Sage Academy has a liabilities to assets ratio of 119.36%, indicating that its liabilities exceed its assets. This could suggest potential financial strain or reliance on ongoing revenue. While the organization demonstrates strong accountability, this aspect may warrant further scrutiny for prospective donors assessing long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Sage Academy Inc legitimate?
Sage Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sage 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: $534,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sage-academy.org
What is the mission statement of Sage Academy Inc?
Sage Academy Inc, as a charter school, aims to offer tuition-free education for students from kindergarten to 8th grade in Arizona. Their mission is to positively influence students, parents, and the community by employing a traditional approach. The school's objective is to make a significant impact, emphasizing the importance of education in shaping the future of its students.
Official website here: www.sage-academy.org
Who is the CEO of Sage Academy Inc?
Lenny G Letcher is the President/Secretary of Sage Academy Inc.
Official website here: www.sage-academy.org
What is the revenue of Sage Academy Inc?
Sage Academy Inc's revenue in 2023 was $1,818,448.
Official website here: www.sage-academy.org
Who are the executives of Sage Academy Inc and what are their salaries?
The average compensation at Sage Academy Inc during 2023 was $17,814. There are 30 employees at Sage Academy Inc.
Here are 5 key members and their salaries:
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- Compensation: $56,285
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- Other: $0
Official website here: www.sage-academy.org
Where can I find the form 990 for Sage Academy Inc?
Sage Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sage-academy.org
Learn more at the official website: www.sage-academy.org
Mission Statement of Sage Academy Inc
Sage Academy Inc, as a charter school, is committed to providing a tuition-free education for students from kindergarten to the eighth grade. Their mission is to make a positive impact on students, parents, and the community at large. They achieve this goal by employing a traditional approach to education. By offering this educational opportunity, Sage Academy aims to contribute to the betterment of its students and the community as a whole.
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Impact
July, 2024
Sage Academy Inc's impact lies in providing a tuition-free education for kindergarten through 8th-grade students of choice in Arizona. By operating as a charter school with a traditional approach, Sage Academy aims to positively impact students, parents, and the community. Through its educational programs, Sage Academy is contributing to the academic development and overall well-being of its students, preparing them for future success. In doing so, the organization is fulfilling its mission to make a difference in the lives of those it serves.
This information is meant to be a general summary of Sage 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 2023.
- Investment Income: $3
- Gross Receipts: $1,818,448
Assets and Liabilities:
- Total Assets: $1,385,486
- Total Liabilities: $1,653,767
- Net Assets: -$268,281
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Organization Details
Founding Year
2004
Phone
(602) 485-3402Principal Officer
Lenny G Letcher
Main Address
PO BOX 1400, SURPRISE, AZ, 853781400
Website
www.sage-academy.orgNTEE Category
Code: B29 - Education
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