Overview
What is Collegiate Academies?
Collegiate Academies is a nonprofit organization based in New Orleans, Louisiana, and Baton Rouge, serving approximately 3,000 public school students in these areas. Their mission is to build world-class public schools that prepare all students for college success and lives filled with endless opportunities. The organization operates six schools, all of which received a 'B' or better letter grade from the State of Louisiana for academic progress. Collegiate Academies employed a total of 686 individuals this year. Through their educational programs, they have seen over 98% of their graduating seniors accepted into 2 or 4-year colleges and universities.
Official website here: www.collegiateacademies.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Collegiate Academies has received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its overall accountability and financial management. While the organization excels in governance aspects—such as having a fully independent board and maintaining comprehensive financial policies—it struggles with its financial ratios, particularly the liabilities to assets and program expense ratio.
The nonprofit has shown strength in transparency practices, such as having its financial statements audited and having both conflict of interest and whistleblower policies in place. This reflects a commitment to ethical governance, which is essential for building trust with donors and stakeholders. However, the financial imbalance highlighted by its low program expense ratio raises red flags about its efficiency in utilizing funds for its intended programs.
In summary, while Collegiate Academies demonstrates strong governance practices, its financial health appears to be a concern that may affect its capacity to deliver on its mission effectively. Prospective supporters and stakeholders should consider these factors when evaluating the organization's overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Collegiate Academies?
100% of reviewers on Facebook recommend Collegiate Academies based on 8 reviews. Here’s a summary of their insights:
Many supporters share a strong sense of pride, highlighting the successful outcomes of alumni who have benefited from the programs offered by the academies. Reviewers appreciate the focus on technology and modern education methods that the institution helps to implement, showing confidence in its ability to prepare students for future success.
Overall, there's a noticeable enthusiasm for the positive impact the institution has made in the community, especially among graduates from the 9th Ward, reinforcing a belief in the mission and dedication of Collegiate Academies.
This AI summary has been generated from reviews found on Facebook.
Is Collegiate Academies legitimate?
Collegiate Academies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collegiate Academies 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: $3,002,714
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,002,542
For more financial information, click here
Official website here: www.collegiateacademies.org
What is the mission statement of Collegiate Academies?
Collegiate Academies is dedicated to building world-class public schools that prepare all students for college success and limitless opportunities. They have operated six schools this year, serving close to 3,000 public school students. An impressive achievement is that over 98% of graduating seniors were accepted into a 2 or 4-year college or university. All Collegiate Academy schools received a "B or better letter grade from the state for academic progress."
Official website here: www.collegiateacademies.org
Who is the CEO of Collegiate Academies?
Jerel Bryant is the CEO of Collegiate Academies The CEO's salary of Collegiate Academies is $237,518 and their total compensation is $251,542.
Official website here: www.collegiateacademies.org
What is the revenue of Collegiate Academies?
Collegiate Academies's revenue in 2024 was $65,816,538.
Official website here: www.collegiateacademies.org
Who are the executives of Collegiate Academies and what are their salaries?
The average compensation at Collegiate Academies during 2024 was $47,164. There are 721 employees and 35 volunteers at Collegiate Academies.
Here are 30 key members and their salaries (Collegiate Academies's CEO's salary is $237,518 and their total compensation is $251,542):
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- Compensation: $115,525
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- Other: $9,781
- Compensation: $127,867
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- Other: $12,369
- Compensation: $105,965
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- Other: $10,377
- Compensation: $147,165
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- Other: $10,977
- Compensation: $106,541
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- Other: $10,026
- Compensation: $237,518
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- Other: $14,024
- Compensation: $132,222
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- Other: $11,393
- Compensation: $113,669
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- Other: $14,534
- Compensation: $116,983
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- Other: $10,362
- Compensation: $104,665
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- Other: $10,281
- Compensation: $100,729
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- Other: $9,552
- Compensation: $127,010
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- Other: $13,208
- Compensation: $100,474
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- Other: $9,815
- Compensation: $173,349
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- Other: $15,094
- Compensation: $126,226
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- Other: $10,349
- Compensation: $111,903
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- Other: $10,212
- Compensation: $132,578
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- Other: $10,917
- Compensation: $139,115
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- Other: $14,302
- Compensation: $183,872
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- Other: $15,970
Official website here: www.collegiateacademies.org
Where can I find the form 990 for Collegiate Academies?
Collegiate Academies's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.collegiateacademies.org
Learn more at the official website: www.collegiateacademies.org
Mission Statement of Collegiate Academies
Collegiate Academies, a renowned organization, is dedicated to building world-class public schools that prepare all students for college success and lives filled with limitless opportunities. This mission is brought to life through the operation of six schools this year, serving nearly 3,000 public school students in New Orleans and Baton Rouge. The fruits of their labor are evident, with over 98% of graduating seniors being accepted into a 2 or 4-year college or university.
Collegiate Academies' commitment to excellence is reflected in the academic progress of their schools. All Collegiate Academy schools have received a "B or better letter grade" from the State of Louisiana, a testament to their unwavering dedication to quality education. The organization is focused on empowering students with the knowledge and skills they need to thrive in higher education and beyond. By offering a world-class education, Collegiate Academies opens up a universe of opportunities for their students, enabling them to reach their full potential.
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Impact
October, 2024
Collegiate Academies has made a significant impact in New Orleans and Baton Rouge by operating six schools that serve nearly 3,000 public school students. Their commitment to educational excellence is reflected in the remarkable achievement that over 98% of graduating seniors were accepted into a two- or four-year college or university. This success is underscored by the fact that all Collegiate Academy schools received a letter grade of "B" or better from the State of Louisiana for academic progress, indicating a strong performance in fostering student achievement. By focusing on preparing students for college and providing opportunities for their future, Collegiate Academies is transforming the educational landscape and empowering students to pursue unlimited opportunities.
This information is meant to be a general summary of Collegiate Academies. 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 2024.
- Investment Income: $384,219
- Program Service Revenue: $648,899
- Gross Receipts: $65,816,538
Assets and Liabilities:
- Total Assets: $16,847,394
- Total Liabilities: $3,574,342
- Net Assets: $13,273,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ACTIVITY INCOME
Revenue
$648,899
Organization Details
Founding Year
2010
Principal Officer
Stephen Rosenthal
Website
www.collegiateacademies.orgNTEE Category
Code: B29 - Education
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