Overview
What is Ignite Entrepreneurship Academy Inc?
Ignite Entrepreneurship Academy Inc, situated in Lehi, Utah, is a nonprofit organization with a mission to operate a public charter school for students from kindergarten to seventh grade. Their primary objective is to foster entrepreneurial success by integrating academic rigor, project-based learning, and cultivating a culture that encourages creativity, collaboration, adaptability, accountability, communication, and problem-solving skills in students. With a dedicated workforce of 84 individuals, this institution aims to prepare young learners for the future by instilling essential entrepreneurial traits.
Official website here: www.igniteutah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Ignite Entrepreneurship Academy Inc has received a 73% rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization demonstrates strengths in governance, with a fully independent board and a robust audit and oversight committee. It also excels in its program expense ratio, allocating a significant portion of its budget directly to its programs.
However, the organization faces notable limitations that have impacted its overall rating. Key policies such as a whistleblower policy and a document retention and destruction policy are missing, which raises concerns about transparency and governance practices. Additionally, the lack of posted financial documents on its website could hinder public trust and accountability.
Overall, while Ignite Entrepreneurship Academy Inc shows strong programmatic focus and governance, improvements in policy implementation and transparency could enhance its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Ignite Entrepreneurship Academy Inc legitimate?
Ignite Entrepreneurship Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ignite Entrepreneurship Academy 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: $127,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,251,093
For more financial information, click here
Official website here: www.igniteutah.org
What is the mission statement of Ignite Entrepreneurship Academy Inc?
The mission of Ignite Entrepreneurship Academy Inc. is centered around fostering entrepreneurial success among its students. This is achieved through a rigorous academic curriculum, project-based learning, and the cultivation of a culture that encourages creativity, collaboration, adaptability, accountability, effective communication, and problem-solving. The academy aims to prepare its students for the future by instilling these essential skills from an early age.
Official website here: www.igniteutah.org
Who is the CEO of Ignite Entrepreneurship Academy Inc?
Ryan Marshall is the Treasurer of Ignite Entrepreneurship Academy Inc.
Official website here: www.igniteutah.org
What is the revenue of Ignite Entrepreneurship Academy Inc?
Ignite Entrepreneurship Academy Inc's revenue in 2022 was $5,148,308.
Official website here: www.igniteutah.org
Who are the executives of Ignite Entrepreneurship Academy Inc and what are their salaries?
The average compensation at Ignite Entrepreneurship Academy Inc during 2022 was $28,322. There are 84 employees at Ignite Entrepreneurship Academy Inc.
Here are 13 key members and their salaries:
- Compensation: $127,942
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Official website here: www.igniteutah.org
Where can I find the form 990 for Ignite Entrepreneurship Academy Inc?
Ignite Entrepreneurship Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.igniteutah.org
Learn more at the official website: www.igniteutah.org
Mission Statement of Ignite Entrepreneurship Academy Inc
Ignite Entrepreneurship Academy Inc is committed to fostering entrepreneurial success among its students by incorporating rigorous academics, project-based learning, and establishing a culture that encourages creativity, collaboration, adaptability, accountability, communication, and problem-solving. The nonprofit aims to nurture these skills in its students from kindergarten to seventh grade through its operations as a public charter school. By cultivating these qualities, Ignite Entrepreneurship Academy Inc seeks to prepare its students for future endeavors, instilling in them the confidence and abilities necessary to thrive in various entrepreneurial environments.
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Impact
July, 2024
Ignite Entrepreneurship Academy Inc's impact lies in its unique approach to promoting entrepreneurial success among students. By emphasizing academic rigor, project-based learning, and fostering a culture of creativity, collaboration, adaptability, accountability, communication, and problem-solving, the academy is equipping young minds with the skills needed to thrive in an ever-evolving world. Through its innovative methods and focus on entrepreneurship, Ignite Entrepreneurship Academy Inc is shaping the next generation of forward-thinkers and problem-solvers, ultimately contributing to a more dynamic and entrepreneurial society.
This information is meant to be a general summary of Ignite Entrepreneurship Academy 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 2022.
- Investment Income: $3,231
- Program Service Revenue: $162,395
- Gross Receipts: $5,148,308
Assets and Liabilities:
- Total Assets: $10,606,608
- Total Liabilities: $9,558,001
- Net Assets: $1,048,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD SALES
SCHOOL FEES AND ACTIVITIE
Revenue
$162,395
Organization Details
Founding Year
2016
Principal Officer
Ryan Marshall
Main Address
1650 W TRAVERSE TERRACE DR, LEHI, UT, 84043
Website
www.igniteutah.orgNTEE Category
Code: B29 - Education
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