Overview
What is Cumberland Academy?
Cumberland Academy is a nonprofit educational institution situated at 1340 Shiloh Road in Tyler, Texas (75703). With a team of 430 employees, the academy caters to approximately 1,768 students from pre-kindergarten to 12th grade. The academy's mission is to deliver an exceptional academic program, enriched by training in performing arts and a technologically advanced curriculum.
Official website here: www.cumberlandacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
Cumberland Academy has received a Two-Star rating from Charity Navigator, indicating that while the organization meets some financial accountability standards, it has notable areas for improvement. The organization has a strong independent board structure and performs well in financial audits, reflecting a level of transparency in its operations. Additionally, the majority of board members are independent, which is a positive aspect of governance.
However, there are significant limitations in the nonprofit's policies and transparency practices. The organization lacks essential policies such as a whistleblower policy and a document retention policy, which are critical for ensuring accountability and protecting employees. Additionally, the absence of the tax form on the nonprofit's website could hinder public access to important financial information.
The financial health of Cumberland Academy is further questioned by its liabilities to assets ratio, which is below ideal standards. While the program expense ratio is commendable, suggesting effective use of funds for program-related activities, the overall rating reflects a need for improved transparency and governance policies to enhance stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Academy legitimate?
Cumberland Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland 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: $225,732
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,722,295
For more financial information, click here
Official website here: www.cumberlandacademy.com
What is the mission statement of Cumberland Academy?
Cumberland Academy is dedicated to delivering a top-tier academic program that goes beyond the classroom. This commitment is enriched by incorporating training in performing arts and a technologically advanced curriculum. The institution strives to cater to approximately 1,768 students ranging from preschool to twelfth grade. By integrating performing arts and technology into their education, Cumberland Academy aims to provide a well-rounded learning experience and foster students' talents and skills in multiple areas. The focus on a superior academic program also ensures that students receive a solid foundation for their future academic pursuits.
Official website here: www.cumberlandacademy.com
Who is the CEO of Cumberland Academy?
Dr James Cotton is the Board President of Cumberland Academy.
Official website here: www.cumberlandacademy.com
What is the revenue of Cumberland Academy?
Cumberland Academy's revenue in 2022 was $22,775,705.
Official website here: www.cumberlandacademy.com
Who are the executives of Cumberland Academy and what are their salaries?
The average compensation at Cumberland Academy during 2022 was $25,461. There are 430 employees and 200 volunteers at Cumberland Academy.
Here are 8 key members and their salaries:
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- Compensation: $150,000
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- Compensation: $75,732
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Official website here: www.cumberlandacademy.com
Where can I find the form 990 for Cumberland Academy?
Cumberland Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cumberlandacademy.com
Learn more at the official website: www.cumberlandacademy.com
Mission Statement of Cumberland Academy
Cumberland Academy, a leading educational institution, is committed to delivering an exceptional academic program enriched by training in performing arts and a technologically advanced curriculum. With a student body of approximately 1,768, ranging from preschool to 12th grade, the academy goes beyond the traditional classroom setting to foster well-rounded development in its learners.
Through its mission, Cumberland Academy aims to provide an engaging and comprehensive learning experience. The institution offers a superior academic program that not only focuses on core subjects but also incorporates the arts to nurture creativity and self-expression. Moreover, the academy's commitment to technology empowers students with the skills and tools necessary to thrive in the modern world.
Cumberland Academy's innovative approach to education sets it apart. By combining rigorous academic instruction with performing arts training and cutting-edge technology, the academy prepares its students for success in various fields and aspects of life. The institution's dedication to fostering well-rounded individuals allows its students to excel in their academic pursuits and develop essential life skills.
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Impact
October, 2024
Cumberland Academy significantly enriches the educational landscape for approximately 1,768 students from pre-kindergarten through 12th grade in Tyler, Texas. By offering a superior academic program complemented by performing arts training and a technologically advanced curriculum, the academy fosters a well-rounded educational experience. This integrative approach not only enhances students' academic skills but also nurtures creativity and critical thinking, preparing them for future challenges. Cumberland Academy's commitment to innovative education helps shape confident, capable learners who are equipped to succeed in a rapidly evolving world.
This information is meant to be a general summary of Cumberland 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: $69,651
- Program Service Revenue: $22,213,584
- Gross Receipts: $22,775,705
Assets and Liabilities:
- Total Assets: $91,837,212
- Total Liabilities: $76,778,088
- Net Assets: $15,059,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TEA REVENUE
Revenue
$18,782,054
FEDERAL REVENUE
Revenue
$2,882,004
LOCAL REVENUE
Revenue
$352,713
STATE REVENUE
Revenue
$140,054
ATHLETICS REVENUE
Revenue
$37,815
Organization Details
Founding Year
1998
Phone
(903) 581-2890Principal Officer
Dr James Cotton
Main Address
1340 SHILOH ROAD, TYLER, TX, 75703
Website
www.cumberlandacademy.comNTEE Category
Code: B20 - Education
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