Overview
What is Morning Star Preparatory Academy?
Morning Star Preparatory Academy is a non-profit educational institution situated in W Valley City, Utah. Its primary objective is to establish, maintain, and operate educational institutions, operating exclusively for educational purposes. As a non-profit entity, it contributes to the community by providing educational opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Morning Star Preparatory Academy has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational aspects. The organization scored a total of 64%, with strengths in having a fully independent board and a high program expense ratio, suggesting that nearly all their funds are allocated towards programs rather than administrative costs.
However, the nonprofit faces significant challenges in areas such as financial transparency and governance policies. Key weaknesses include a lack of independent board size, missing financial statements, and absence of critical policies like conflict of interest and whistleblower protections. These issues highlight concerns about accountability and effective oversight.
Additionally, the fundraising efficiency ratio is alarmingly low, indicating that the organization raises minimal funds relative to its expenses. The working capital ratio further suggests potential liquidity challenges, as the organization may struggle to meet short-term obligations. Overall, while Morning Star Preparatory Academy shows commitment to program spending, substantial improvements are needed in governance and financial management practices to enhance sustainability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Morning Star Preparatory Academy legitimate?
Morning Star Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morning Star Preparatory 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,237,569
For more financial information, click here
What is the mission statement of Morning Star Preparatory Academy?
Morning Star Preparatory Academy is established with the primary objective of serving educational purposes. Operating as a non-profit entity, its mission is to establish, maintain, and manage educational institutions. This academy is dedicated to contributing to the field of education, focusing solely on its educational objectives.
Who is the CEO of Morning Star Preparatory Academy?
Carla Peterson is the Director of Morning Star Preparatory Academy.
What is the revenue of Morning Star Preparatory Academy?
Morning Star Preparatory Academy's revenue in 2022 was $2,228,229.
Who are the executives of Morning Star Preparatory Academy and what are their salaries?
The average compensation at Morning Star Preparatory Academy during 2022 was $13,166. There are 94 employees at Morning Star Preparatory Academy.
Here are 3 key members and their salaries:
- Compensation: $36,614
- Related: $0
- Other: $0
- Compensation: $30,641
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Morning Star Preparatory Academy?
Morning Star Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morning Star Preparatory Academy
Morning Star Preparatory Academy is established with a singular focus on education, operating as a non-profit entity. Its mission is to establish, maintain, and operate educational institutions, dedicating itself entirely to this noble cause. This organization is committed to providing a conducive learning environment, utilizing its resources to foster intellectual growth and development in its students.
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Impact
July, 2024
Morning Star Preparatory Academy's impact is felt through the education and opportunities it provides to students in West Valley City, UT. The academy works tirelessly to establish, maintain, and operate educational institutions for the betterment of its students. Through its mission of education, Morning Star Preparatory Academy prepares students for future success and empowers them to reach their full potential. The academy's commitment to education is evident in the positive impact it has on the community and the lives of the students it serves.
This information is meant to be a general summary of Morning Star Preparatory 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: $234,670
- Gross Receipts: $2,228,229
Assets and Liabilities:
- Total Assets: $705,733
- Total Liabilities: $256,128
- Net Assets: $449,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUTION
Revenue
$234,670
Organization Details
Founding Year
2016
Principal Officer
Carla Peterson
Main Address
1860 WEST PARKWAY BLVD, WEST VALLEY CITY, UT, 84119
NTEE Category
Code: B24 - Education
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