Overview
What is Olivet Academy?
Olivet Academy is a nonprofit institution situated in Amenia, New York, with a primary address at 425 Morse Hill Rd. Their mission is to honor God by guiding students toward understanding the Gospel of Jesus Christ, fostering spiritual growth, and pursuing academic excellence. This is achieved by incorporating a biblical perspective into their curriculum. Over the past year, the academy has expanded its faculty and enrollment, adding new teachers and welcoming more middle and high school students. Advanced placement courses are offered in collaboration with educational partners. The academy employs a total of 46 individuals, dedicated to nurturing students' spiritual growth and academic development within a Christ-centered environment.
Official website here: www.olivetacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Olivet Academy has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its financial management and transparency. The organization scored well in accountability measures, such as having a majority of independent board members and strong policies on conflicts of interest and whistleblower protections. However, significant weaknesses in financial statements and a high liabilities-to-assets ratio suggest potential financial instability.
One notable strength is the program expense ratio, which is commendably high at 72.48%, indicating that a large portion of its expenditures goes directly towards programs. However, the fundraising efficiency ratio of $0.00 raises red flags about the organization’s ability to generate revenue through fundraising efforts. This could hinder its financial sustainability in the long term.
While Olivet Academy demonstrates a commitment to accountability through its governance policies, the overall financial metrics reveal areas that need improvement. Addressing these financial challenges will be essential for the organization to boost its rating and ensure long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Olivet Academy legitimate?
Olivet Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olivet 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: $53,940
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,342,378
For more financial information, click here
Official website here: www.olivetacademy.org
What is the mission statement of Olivet Academy?
Olivet Academy's mission is centered around glorifying God. The institution aims to guide students towards understanding the Gospel of Jesus Christ by integrating biblical teachings into their learning. This mission is carried out with the objective of promoting spiritual growth and fostering a close relationship with Jesus. Additionally, Olivet Academy offers religious and educational learning, hiring new teachers and expanding its student body, including middle and high school students. Advanced placement courses are also provided in collaboration with educational partners.
Official website here: www.olivetacademy.org
Who is the CEO of Olivet Academy?
Anabela Bartovic is the Treasurer of Olivet Academy.
Official website here: www.olivetacademy.org
What is the revenue of Olivet Academy?
Olivet Academy's revenue in 2022 was $2,430,467.
Official website here: www.olivetacademy.org
Who are the executives of Olivet Academy and what are their salaries?
The average compensation at Olivet Academy during 2022 was $30,355. There are 46 employees and 20 volunteers at Olivet Academy.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $30,700
- Related: $0
- Other: $0
- Compensation: $23,240
- Related: $0
- Other: $0
Official website here: www.olivetacademy.org
Where can I find the form 990 for Olivet Academy?
Olivet Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.olivetacademy.org
Learn more at the official website: www.olivetacademy.org
Mission Statement of Olivet Academy
Olivet Academy, a religious and educational institution, is dedicated to glorifying God by guiding its students towards the knowledge of Jesus Christ's gospel. The academy achieves this mission by integrating a biblical worldview into its teachings, aiming to promote spiritual growth and foster a close relationship with Jesus. The academy's mission is to present the gospel of Jesus Christ in a Christ-centered manner, encouraging students to deepen their faith and relationship with God. Over the past year, Olivet Academy has expanded its educational offerings, hiring new teachers and welcoming new middle and high school students. The academy also offers Advanced Placement courses in collaboration with educational partners, providing students with opportunities to excel academically while maintaining a strong focus on spiritual growth.
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Impact
July, 2024
Olivet Academy's impact lies in its mission to glorify God by guiding students in the Gospel of Jesus Christ. Through a Christ-centered worldview and biblical integration, the academy promotes spiritual growth and excellence in education. Over the past year, Olivet Academy has expanded its staff, added new middle and high school students, and continued to offer advanced placement courses in collaboration with educational partners. By offering a unique blend of religious and educational learning, Olivet Academy is shaping young minds and nurturing a close relationship with Jesus among its students in Amenia, NY.
This information is meant to be a general summary of Olivet 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.
- Program Service Revenue: $175,912
- Gross Receipts: $2,430,467
Assets and Liabilities:
- Total Assets: $4,082,307
- Total Liabilities: $2,754,437
- Net Assets: $1,327,870
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$175,912
Organization Details
Founding Year
2015
Phone
(845) 250-2231Principal Officer
Anabela Bartovic
Main Address
425 MORSE HILL RD, AMENIA, NY, 125015240
Website
www.olivetacademy.orgNTEE Category
Code: B24 - Education
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