Overview
What is Wilmington Education Organization?
Wilmington Education Organization, specifically recognized as Coastal Preparatory Academy, is a nonprofit entity situated at 1135 Pandion Drive, Wilmington, North Carolina. As a public K-8 charter school, it serves approximately 727 students annually, offering tuition-free education to residents of North Carolina. The organization, with a workforce of 113 individuals, is dedicated to providing quality education to its students, maintaining an open-door policy to all residents of the state.
Official website here: www.coastalprep.cfacaademy.school
What are the reviews and ratings of this charity?
**Wilmington Education Organization - Charity Navigator Rating: 75% (Three-Star out of Four Stars)**
The Wilmington Education Organization has achieved a Three-Star rating on Charity Navigator, reflecting a solid performance in the Accountability & Finance category, with a score of 75%. This rating is significant as it indicates that the organization demonstrates a strong level of transparency and responsible financial management. Highlights include a fully independent board and a comprehensive financial oversight mechanism, which are crucial for maintaining trust with donors.
While the organization scores well in several areas, it faces challenges regarding its liabilities to assets ratio, which is above 100%. This could raise questions about its financial sustainability. Additionally, the absence of its tax form on its website could impact accessibility for potential donors seeking full financial disclosure, affecting its overall transparency.
Overall, the Wilmington Education Organization is recognized for its robust governance and commitment to accountability, yet improvements in specific financial metrics and transparency could enhance its standing and donor confidence. User reviews are not available to provide further public sentiment on this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington Education Organization legitimate?
Wilmington Education Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Education Organization 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: $2,672,082
For more financial information, click here
Official website here: www.coastalprep.cfacaademy.school
What is the mission statement of Wilmington Education Organization?
The Wilmington Education Organization operates as a public K-8 charter school, offering tuition-free education to the public and welcoming all residents of North Carolina. Its mission, in essence, is to provide educational opportunities for the community, fostering a learning environment for approximately 727 students each year as of June 30, 2022. While the information does not specify explicit goals beyond this, it can be inferred that their mission is centered around quality education and inclusivity.
Official website here: www.coastalprep.cfacaademy.school
Who is the CEO of Wilmington Education Organization?
Dan Mysiuk is the Chair of Wilmington Education Organization.
Official website here: www.coastalprep.cfacaademy.school
What is the revenue of Wilmington Education Organization?
Wilmington Education Organization's revenue in 2022 was $9,173,831.
Official website here: www.coastalprep.cfacaademy.school
Who are the executives of Wilmington Education Organization and what are their salaries?
The average compensation at Wilmington Education Organization during 2022 was $23,647. There are 113 employees and 200 volunteers at Wilmington Education Organization.
Here are 5 key members and their salaries:
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Official website here: www.coastalprep.cfacaademy.school
Where can I find the form 990 for Wilmington Education Organization?
Wilmington Education Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coastalprep.cfacaademy.school
Learn more at the official website: www.coastalprep.cfacaademy.school
Mission Statement of Wilmington Education Organization
Wilmington Education Organization, a distinguished nonprofit entity, is dedicated to offering tuition-free, high-quality education to the public. This public K-8 charter school, open to all residents of North Carolina, serves as a beacon of educational opportunities, providing a nurturing environment for over 700 students annually. Its mission is deeply rooted in the belief that every child deserves a solid educational foundation, regardless of their socio-economic background. By operating as a charter school, Wilmington Education Organization seeks to foster innovation and flexibility in its teaching methods, ensuring that each student receives a well-rounded and engaging educational experience.
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Impact
July, 2024
Wilmington Education Organization, through its operation of a public K-8 charter school, is making a significant impact by providing tuition-free education to 727 students in New Hanover County. This ensures that children from all backgrounds in North Carolina have access to quality education opportunities. By offering an inclusive and accessible learning environment, Wilmington Education Organization is helping to enrich the lives of students and contribute to the overall education landscape in the region.
This information is meant to be a general summary of Wilmington Education Organization. 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: $6,842,657
- Gross Receipts: $9,173,831
Assets and Liabilities:
- Total Assets: $22,686,310
- Total Liabilities: $24,655,982
- Net Assets: -$1,969,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
State appropriations
Revenue
$4,682,722
County appropriations
Revenue
$2,146,549
Other program revenues
Revenue
$13,386
Organization Details
Founding Year
2014
Phone
(910) 839-0012Principal Officer
Dan Mysiuk
Main Address
1135 Pandion Drive, Wilmington, NC, 28411
NTEE Category
Code: B29 - Education
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