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Faith Academy Of Marble Falls

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742888658 ✦ Marble falls, TX ✦ Designated as a 501(c)(3)

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Overview

What is Faith Academy Of Marble Falls?

Faith Academy of Marble Falls is a distinguished private, Christian college-preparatory school situated in Marble Falls, Texas. The academy caters to the educational needs of both elementary and secondary students, serving approximately 313 pupils. As a nonprofit institution, its mission is to provide a comprehensive educational experience that prepares its students for higher education. With a dedicated workforce of 87 individuals, the academy is committed to fostering a nurturing and supportive learning environment that encourages the growth of its students both academically and spiritually.


Official website here: www.famf.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 84%, Three-Star out of Four Star rating

Faith Academy Of Marble Falls has earned an 84% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization boasts a fully independent board, which is a significant strength, as it ensures unbiased governance. Furthermore, the financial oversight mechanisms, including a strong audit committee, contribute positively to its overall financial health.

However, there are notable limitations in the organization's policies, as it lacks essential documents like a conflict of interest policy, a whistleblower policy, and a document retention policy. This absence raises potential concerns about transparency and organizational integrity. Additionally, the tax form is not posted on the nonprofit's website, which could limit public access to important financial information.

Despite these drawbacks, Faith Academy demonstrates a commendable program expense ratio of 76.08%, indicating a strong commitment to its educational mission. The organization appears to be effective in channeling funds towards its programs, which is crucial for its ongoing impact in the community.


This AI summary has been generated from information found on Charity Navigator.

Is Faith Academy Of Marble Falls legitimate?

Faith Academy Of Marble Falls is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Academy Of Marble Falls 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,453,293

For more financial information, click here


Official website here: www.famf.org

What is the mission statement of Faith Academy Of Marble Falls?

Faith Academy of Marble Falls operates as a private, Christian college preparatory school catering to both elementary and secondary students. Its mission, in essence, aligns with this educational setup. The school aims to provide a comprehensive education, preparing its students for higher learning. However, the provided information does not offer specific details about the school's objectives beyond this basic description. Therefore, I'm unable to provide a more detailed mission statement summary at this time.


Official website here: www.famf.org

Who is the CEO of Faith Academy Of Marble Falls?

Amy Cozby is the President of Faith Academy Of Marble Falls.


Official website here: www.famf.org

What is the revenue of Faith Academy Of Marble Falls?

Faith Academy Of Marble Falls's revenue in 2022 was $3,362,480.


Official website here: www.famf.org

Who are the executives of Faith Academy Of Marble Falls and what are their salaries?

The average compensation at Faith Academy Of Marble Falls during 2022 was $16,705. There are 87 employees and 150 volunteers at Faith Academy Of Marble Falls.


Here are 11 key members and their salaries:


Steve Kwan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Coleman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Owens (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Lynn Payne (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Anna Piatek (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Steele (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Burnett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Cozby (Headmaster/Director)
  • Compensation: $80,927
  • Related: $0
  • Other: $0
Stuart Nunnally (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Nunnally (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Worthing (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.famf.org

Where can I find the form 990 for Faith Academy Of Marble Falls?

Faith Academy Of Marble Falls's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.famf.org

Learn more at the official website: www.famf.org

Mission Statement of Faith Academy Of Marble Falls

Faith Academy of Marble Falls, as per its description, serves as a private Christian college preparatory school catering to both elementary and secondary students. Its mission, in essence, is to provide a comprehensive educational experience that prepares students for higher education. This institution, dedicated to its Christian values, strives to educate around 313 students, aiming to equip them with the necessary skills and knowledge for their future academic pursuits.

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Impact




July, 2024

Faith Academy of Marble Falls has a significant impact on the community by providing a private Christian college preparatory education for elementary and secondary students. With a mission to prepare students academically and spiritually, the school serves approximately 313 students in Marble Falls, TX. Through its dedication to academic excellence and spiritual growth, Faith Academy plays a crucial role in shaping the future leaders of tomorrow.




This information is meant to be a general summary of Faith Academy Of Marble Falls. 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.

Revenue
$3,362,480 (2022)
Expenses
$2,761,263 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,248
  • Program Service Revenue: $2,201,125
  • Gross Receipts: $3,372,418

Assets and Liabilities:

  • Total Assets: $8,450,552
  • Total Liabilities: $2,259,715
  • Net Assets: $6,190,837

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION

Revenue

$2,011,224

GENERAL

Revenue

$198,787

ENROLLMENT FEES

Revenue

$112,192

TAXABLE SALES

Revenue

$40,063

MISSIONS & RETREATS

Revenue

$37,388

Organization Details

Founding Year

1999

Principal Officer

Amy Cozby

Main Address

PO BOX 1240, MARBLE FALLS, TX, 78654

NTEE Category

Code: B20 - Education

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