Overview
What is Verified Solutions Fka Tennessee Scholar Academies?
Verified Solutions Fka Tennessee Scholar Academies, based in Memphis, Tennessee, is a school management organization with a mission to enhance educational efficiency. They operate a network of schools, specifically the Memphis Scholars, which consists of three public charter schools. Beyond their own operations, Verified Solutions provides contracted support services to various public schools, charter schools, and other educational entities. Their solutions are grounded in best practices and past successful performances, enabling schools to focus more on their primary task of educating students effectively. The organization, with a staff of 72 individuals, has offered over 180 days of K-8 education to over 700 students in Memphis, Tennessee, and provides operational support services in teacher staffing, finance, and human resources.
Official website here: www.verifiedsolutions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Verified Solutions, formerly known as Tennessee Scholar Academies, maintains a respectable Three-Star rating based on its strong Accountability & Finance score of 82%. The organization shows a solid commitment to transparency, with full credit for its independent board members and several governance policies, reflecting a sound structure in accountability. However, it falls short in areas such as independent board size and financial statement availability, which could impact its perceived financial prudence.
Strengths of the organization include a commendable program expense ratio of 81.66%, indicating that a significant portion of its funding is directed towards its programs. Moreover, the organization's low liabilities to assets ratio suggests a stable financial position, indicating that it effectively manages its resources. While the charity does score well in some financial metrics, it is currently not evaluated in terms of Impact & Measurement, Culture & Community, or Leadership & Adaptability, which limits a more comprehensive understanding of its operational effectiveness.
User reviews from GreatNonprofits are not available, so the overall sentiment from the community cannot be assessed at this time. However, the financial metrics and commitment to accountability highlight areas where the organization excels, while also revealing some gaps in broader operational assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Verified Solutions Fka Tennessee Scholar Academies legitimate?
Verified Solutions Fka Tennessee Scholar Academies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verified Solutions Fka Tennessee Scholar 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: $421,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,413,594
For more financial information, click here
Official website here: www.verifiedsolutions.org
What is the mission statement of Verified Solutions Fka Tennessee Scholar Academies?
Verified Solutions, formerly known as Tennessee Scholar Academies, serves as a school management organization, overseeing a network of three public charter schools and offering contracted support services to various educational entities. Their mission is to provide product-driven solutions, based on best practices and past successful performance, that enable schools to operate more efficiently, allowing them to prioritize their primary role: educating students. These solutions aim to enhance the effectiveness of operational aspects such as teacher staffing, finance, and human resources. By doing so, Verified Solutions aims to empower schools to focus on their core mission, thereby improving the overall educational experience for students.
Official website here: www.verifiedsolutions.org
Who is the CEO of Verified Solutions Fka Tennessee Scholar Academies?
James Dennis is the Board Member of Verified Solutions Fka Tennessee Scholar Academies.
Official website here: www.verifiedsolutions.org
What is the revenue of Verified Solutions Fka Tennessee Scholar Academies?
Verified Solutions Fka Tennessee Scholar Academies's revenue in 2022 was $10,042,076.
Official website here: www.verifiedsolutions.org
Who are the executives of Verified Solutions Fka Tennessee Scholar Academies and what are their salaries?
The average compensation at Verified Solutions Fka Tennessee Scholar Academies during 2022 was $53,258. There are 72 employees and 20 volunteers at Verified Solutions Fka Tennessee Scholar Academies.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $95,582
- Related: $0
- Other: $16,281
- Compensation: $62,278
- Related: $0
- Other: $22,448
- Compensation: $62,895
- Related: $0
- Other: $15,776
Official website here: www.verifiedsolutions.org
Where can I find the form 990 for Verified Solutions Fka Tennessee Scholar Academies?
Verified Solutions Fka Tennessee Scholar Academies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.verifiedsolutions.org
Learn more at the official website: www.verifiedsolutions.org
Mission Statement of Verified Solutions Fka Tennessee Scholar Academies
Verified Solutions, a school management organization, is dedicated to its mission of supporting the educational growth of students by providing product-driven solutions to schools. Their objective is to help schools operate more efficiently, enabling them to concentrate on their primary task of educating students. These solutions are grounded in best practices and proven successful performance. By doing so, Verified Solutions aims to contribute to the overall enhancement of the educational system.
In line with this mission, Verified Solutions operates a network of schools and provides operational support services to various educational entities, including charter schools and public schools. Their services encompass teacher staffing, finance, and human resources management, thereby empowering these institutions to focus on their educational objectives. By offering such comprehensive support, Verified Solutions plays a crucial role in the efficient functioning of the educational sector, ultimately benefiting the students who are at the heart of their mission.
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Impact
July, 2024
Verified Solutions Fka Tennessee Scholar Academies has significantly impacted the education sector by providing 180+ days of K-8 education to over 700 students in Memphis, TN. Additionally, the organization has developed operational support services, including teacher staffing, finance, and HR, that benefit charter schools, public schools, and other educational entities. By focusing on best practices and past successful performance, Verified Solutions is helping schools operate more efficiently, allowing them to prioritize the core work of educating students.
This information is meant to be a general summary of Verified Solutions Fka Tennessee Scholar 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 2022.
- Program Service Revenue: $170,532
- Gross Receipts: $10,042,076
Assets and Liabilities:
- Total Assets: $8,293,768
- Total Liabilities: $2,290,682
- Net Assets: $6,003,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ACTIVITIES
Revenue
$170,532
Organization Details
Founding Year
2016
Phone
(901) 602-6371Principal Officer
James Dennis
Main Address
1910 MADISON AVE 2753, MEMPHIS, TN, 38014
Website
www.verifiedsolutions.orgNTEE Category
Code: B29 - Education
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