Overview
What is The Summit Academy Of Central Virginia Inc?
The Summit Academy of Central Virginia Inc, located at 5825 Plank Road, Fredericksburg, VA 22407, is a nonprofit organization committed to providing a rigorous liberal arts education. Their mission, rooted in a Christological anthropology and the tradition of Catholic teaching, focuses on equipping students with Christian virtue, aiming to develop them into mature, responsible young adults prepared to engage with the world. The academy employs classical learning methods, with additional emphasis on science, technology, engineering, and mathematics (STEM), while valuing the arts, outdoor education, and leadership training. Despite being coeducational as an institution, the academy offers gender-specific classroom instruction. With a team of 9 dedicated individuals, this esteemed organization is dedicated to shaping well-rounded, virtuous individuals.
Official website here: www.summitacademyva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
The Summit Academy of Central Virginia Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite achieving a 100% score in Accountability & Finance. The organization boasts a fully independent board, scoring 8 out of 8 points in that category, which reflects strong governance. Additionally, the academy has a healthy liabilities to assets ratio of 37.04%, suggesting a stable financial position.
However, the organization has significant shortcomings in financial transparency, specifically reflected in its Financial Statements score of 0 out of 15 points. This lack of accessible financial documentation raises concerns about the organization's overall financial health and accountability. Other areas for improvement include its whistleblower and document retention policies, where it received zero points, indicating that these critical governance practices may not be adequately in place.
Overall, while The Summit Academy demonstrates strengths in board independence and low liabilities, its financial reporting and certain governance policies require urgent attention to enhance transparency and build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Summit Academy Of Central Virginia Inc legitimate?
The Summit Academy Of Central Virginia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Summit Academy Of Central Virginia 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: $24,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $667,524
For more financial information, click here
Official website here: www.summitacademyva.org
What is the mission statement of The Summit Academy Of Central Virginia Inc?
The Summit Academy of Central Virginia Inc. is committed to providing a single-sex education that is grounded in a Christological anthropology and the tradition of Catholic teaching. Utilizing classical learning methods, the academy emphasizes science, technology, engineering, and math, while also placing significant value on the arts, outdoor education, and leadership training. Despite being a co-educational institution, the academy implements gender-specific classroom instruction.
Official website here: www.summitacademyva.org
What is the revenue of The Summit Academy Of Central Virginia Inc?
The Summit Academy Of Central Virginia Inc's revenue in 2024 was $1,156,979.
Official website here: www.summitacademyva.org
Who are the executives of The Summit Academy Of Central Virginia Inc and what are their salaries?
The average compensation at The Summit Academy Of Central Virginia Inc during 2024 was $38,427. There are 18 employees at The Summit Academy Of Central Virginia Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $24,167
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.summitacademyva.org
Where can I find the form 990 for The Summit Academy Of Central Virginia Inc?
The Summit Academy Of Central Virginia Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.summitacademyva.org
Learn more at the official website: www.summitacademyva.org
Mission Statement of The Summit Academy Of Central Virginia Inc
The Summit Academy of Central Virginia Inc is dedicated to providing a single-sex education that is grounded in a Christological anthropology and the tradition of Catholic teaching. This educational approach employs the tools of classical learning, with an additional focus on science, technology, engineering, and math. The academy places a special value on the arts, outdoor education, and leadership training. Despite being a co-educational institution, The Summit Academy of Central Virginia Inc adheres to a gender-specific teaching methodology in its classroom instruction.
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Impact
July, 2024
The Summit Academy of Central Virginia Inc's impact lies in providing a rigorous liberal arts education rooted in Christian virtue. By offering a single-sex, classical approach to education with a strong emphasis on STEM subjects, arts, outdoor education, and leadership training, the academy aims to shape young adults who are well-equipped to engage with the world. Through this specialized educational model, The Summit Academy fosters the development of mature, responsible individuals who are prepared to navigate the challenges of today's society.
This information is meant to be a general summary of The Summit Academy Of Central Virginia 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 2024.
- Program Service Revenue: $753,029
- Gross Receipts: $1,185,301
Assets and Liabilities:
- Total Assets: $190,166
- Total Liabilities: $61,157
- Net Assets: $129,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND RELATED FEES
Revenue
$753,029
Organization Details
Founding Year
2016
Principal Officer
Julian Malcolm
Website
www.summitacademyva.orgNTEE Category
Code: B25 - Education
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