Overview
What is Polaris Tech Charter School?
Polaris Tech Charter School, situated in Ridgeland, South Carolina, is a nonprofit institution committed to fostering the potential and aspirations of middle and high school students in Jasper County. The primary objective of this school is to prepare its students for future careers in the 21st century, with a focus on technology and industries such as technology, healthcare, aerospace, logistics, and advanced manufacturing, which are prominent in Jasper County's projected growth. By adopting a personalized learning approach and integrating technology, Polaris Tech Charter School aims to equip its students with the necessary knowledge, skills, and experiences to succeed in these career fields. The school currently employs 42 individuals, reflecting its strong commitment to the community.
Official website here: www.polaristech.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Polaris Tech Charter School has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The overall score of 48% reflects serious deficiencies, especially in areas such as financial statements, where no documentation is available, contributing to a lack of clarity in the school's financial health.
Despite having a fully independent board and some positive attributes like a good program expense ratio, the absence of critical policies such as conflict of interest and whistleblower protections raises red flags. The organization's liabilities exceeding its assets suggest financial instability, which is a concerning factor for potential donors and supporters.
While the school does maintain certain governance practices, the overall lack of transparency and missing documentation undermine its credibility. This situation calls for immediate attention from the leadership to improve governance practices and restore trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Polaris Tech Charter School legitimate?
Polaris Tech Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polaris Tech Charter School 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: $181,484
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,297,519
For more financial information, click here
Official website here: www.polaristech.org
What is the mission statement of Polaris Tech Charter School?
Polaris Tech Charter School's mission is centered around empowering students, primarily in middle and high school, through a unique approach to education. This approach emphasizes personalized learning and prepares students for technology-based careers of the future. The school aims to foster career-focused and college-ready individuals, encouraging them to invest in their community. By providing 21st-century knowledge, skills, and experiences, Polaris Tech Charter School aims to capitalize on the projected market and industry growth in its vicinity, which includes established sectors like technology, healthcare, aerospace, logistics, and advanced manufacturing.
Official website here: www.polaristech.org
What is the revenue of Polaris Tech Charter School?
Polaris Tech Charter School's revenue in 2024 was $9,017,261.
Official website here: www.polaristech.org
Who are the executives of Polaris Tech Charter School and what are their salaries?
The average compensation at Polaris Tech Charter School during 2024 was $51,925. There are 67 employees and 10 volunteers at Polaris Tech Charter School.
Here are 13 key members and their salaries:
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- Compensation: $106,675
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- Compensation: $74,809
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Official website here: www.polaristech.org
Where can I find the form 990 for Polaris Tech Charter School?
Polaris Tech Charter School's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.polaristech.org
Learn more at the official website: www.polaristech.org
Mission Statement of Polaris Tech Charter School
Polaris Tech Charter School is committed to empowering middle and high school students by offering a unique learning approach that emphasizes personalized education and technology-based careers for the future. Their mission is to unleash the potential of its students, encouraging them to become career-focused and college-ready individuals. The school aims to prepare Jasper County's youth with the 21st-century knowledge, skills, and experiences necessary to capitalize on the projected market and industry growth in the area. Polaris Tech Charter School's objective is to ensure that its students can take advantage of the abundant career and secondary educational opportunities available in the fields of technology, healthcare, aerospace, logistics, and advanced manufacturing. By doing so, the school seeks to inspire its students to invest in their community and contribute to its prosperity.
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Impact
July, 2024
Polaris Tech Charter School is making a significant impact by offering middle and high school students the opportunity to engage in a new approach to learning focused on personalized learning and technology-based careers. The school's mission is to unleash student potential, cultivate aspirations, and ensure that Jasper County youth acquire the knowledge, skills, and experience necessary for success in the 21st century job market. By preparing students to be career-focused, college-ready, and invested in the community, Polaris Tech Charter School is playing a vital role in equipping the next generation for the evolving industries of technology, healthcare, aerospace, logistics, and advanced manufacturing.
This information is meant to be a general summary of Polaris Tech Charter School. 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 2024.
- Investment Income: $140,454
- Program Service Revenue: $58,800
- Gross Receipts: $9,017,261
Assets and Liabilities:
- Total Assets: $19,441,053
- Total Liabilities: $19,236,223
- Net Assets: $204,830
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUPIL ACTIVITY
Revenue
$45,357
OTHER REVENUE
Revenue
$6,883
TUITION AND FEES
Revenue
$6,560
Organization Details
Founding Year
2017
Principal Officer
Lloyd Newton
Website
www.polaristech.orgNTEE Category
Code: B29 - Education
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