Overview
What is Monroe Charter Academy?
Monroe Charter Academy is a nonprofit educational institution situated in Monroe, North Carolina. It operates as a charter school, catering to around 124 students during the fiscal year ending June 30, 2022. The academy is committed to nurturing each student into an academically thriving citizen. It achieves this by collaborating with parents and the community, instilling high expectations, and delivering a rigorous classical education with passion and dedication. With a dedicated workforce of 15 individuals, Monroe Charter Academy strives to foster an environment that cultivates academic growth and personal development.
Official website here: www.monroecharteracademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating). This rating reflects a solid accountability and finance score, indicating that Monroe Charter Academy demonstrates a commitment to transparency and effective financial management. The high rating is derived entirely from the accountability and finance beacon, showcasing the importance of these measures in assessing nonprofit performance.
Monroe Charter Academy has a fully independent board, which is a significant strength, as all eight members are independent. The organization also excels in various governance aspects, such as having a robust audit and oversight committee and comprehensive policies regarding conflicts of interest and whistleblowing. Additionally, their program expense ratio of 73.09% shows a strong focus on programmatic spending, which is a positive indicator for donors.
However, the organization faces a notable challenge with its liabilities to assets ratio, scoring 0 out of 15 points, which may raise concerns regarding its financial sustainability. While the overall accountability and finance practices are commendable, addressing this limitation could improve their rating and organizational stability in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe Charter Academy legitimate?
Monroe Charter Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Charter 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: $529,125
For more financial information, click here
Official website here: www.monroecharteracademy.org
What is the mission statement of Monroe Charter Academy?
Monroe Charter Academy's mission is centered around fostering the academic growth of each student, transforming them into well-rounded individuals. This is achieved through a collaborative approach with parents and the community. The academy employs high expectations and a rigorous classical education, delivering it with passion and dedication. The educational approach is purposeful, aiming to develop not just intellectually capable individuals, but also responsible citizens.
Official website here: www.monroecharteracademy.org
Who is the CEO of Monroe Charter Academy?
Jim Stegall is the Board Member of Monroe Charter Academy.
Official website here: www.monroecharteracademy.org
What is the revenue of Monroe Charter Academy?
Monroe Charter Academy's revenue in 2022 was $1,510,535.
Official website here: www.monroecharteracademy.org
Who are the executives of Monroe Charter Academy and what are their salaries?
The average compensation at Monroe Charter Academy during 2022 was $35,275. There are 15 employees and 7 volunteers at Monroe Charter Academy.
Here are 7 key members and their salaries:
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Official website here: www.monroecharteracademy.org
Where can I find the form 990 for Monroe Charter Academy?
Monroe Charter Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monroecharteracademy.org
Learn more at the official website: www.monroecharteracademy.org
Mission Statement of Monroe Charter Academy
Monroe Charter Academy, a nonprofit institution, is dedicated to fostering the academic growth and citizenship of each student. By collaborating with parents and the wider community, the academy implements high expectations and delivers a rigorous classical education. This educational approach is characterized by purpose and spirited devotion. The academy's ultimate goal is to cultivate well-rounded students who can thrive academically.
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Impact
July, 2024
Monroe Charter Academy's impact is evident in the academic development of its students. By partnering with parents and the community, the school has successfully nurtured approximately 124 students, helping them thrive academically. Through high expectations and a rigorous classical education curriculum, Monroe Charter Academy is shaping students into intellectually accomplished citizens. The purposeful and spirited devotion of the school's educators is reflected in the growth and success of its students.
This information is meant to be a general summary of Monroe Charter 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: $3,597
- Gross Receipts: $1,510,535
Assets and Liabilities:
- Total Assets: $430,213
- Total Liabilities: $461,661
- Net Assets: -$31,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL FOOD SERVICE
Revenue
$2,251
STUDENT ACTIVITIES AND FEES
Revenue
$1,346
Organization Details
Founding Year
2016
Phone
(980) 210-3627Principal Officer
Jim Stegall
Main Address
2850 OLD CHARLOTTE HWY, MONROE, NC, 28110
Website
www.monroecharteracademy.orgNTEE Category
Code: B29 - Education
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