Overview
What is Tru Prep Academy Inc?
Tru Prep Academy Inc, located in Miami Lakes, Florida, operates as a nonprofit educational institution. Their primary objective is to foster the holistic development of their students, encompassing mental, physical, and spiritual growth. The academy aims to stimulate, educate, and motivate the minds of its pupils, thereby nurturing well-rounded individuals. With a team of nine employees, Tru Prep Academy Inc provides a private school education, ensuring a comprehensive learning experience for its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Tru Prep Academy Inc has received a score of 56%, indicating significant concerns regarding its accountability and financial practices. The lack of independent board members raises questions about governance and oversight, which is critical for maintaining transparency and trust in nonprofit organizations. Additionally, the absence of financial statements and a posted tax form on the nonprofit's website limits public access to crucial financial information.
Despite these weaknesses, Tru Prep Academy Inc shows a strong program expense ratio of 99.85%, suggesting that the majority of its expenses are directed towards its programs rather than administrative costs. However, the organization's lack of policies regarding whistleblowing and document retention may pose risks to its operational integrity and could hinder effective governance practices.
Overall, while Tru Prep Academy Inc demonstrates a commitment to program spending, the significant gaps in financial transparency and governance practices highlight areas that need urgent improvement to ensure accountability and foster greater donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Tru Prep Academy Inc legitimate?
Tru Prep Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tru Prep Academy Inc 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: $274,360
For more financial information, click here
What is the mission statement of Tru Prep Academy Inc?
Tru Prep Academy Inc's mission is centered around stimulating, educating, and motivating the minds of its students. The academy aims to provide a comprehensive learning experience, fostering mental, physical, and spiritual growth in its students. The educational environment at Tru Prep Academy encourages students to develop into well-rounded individuals, equipping them with the necessary skills and knowledge for personal growth.
What is the revenue of Tru Prep Academy Inc?
Tru Prep Academy Inc's revenue in 2023 was $1,559,579.
Who are the executives of Tru Prep Academy Inc and what are their salaries?
The average compensation at Tru Prep Academy Inc during 2023 was $30,484. There are 9 employees at Tru Prep Academy Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tru Prep Academy Inc?
Tru Prep Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tru Prep Academy Inc
Tru Prep Academy Inc is committed to inspiring, instructing, and inspiring the cognitive growth of its students. The organization's primary objective is to create a conducive learning environment that fosters mental, physical, and spiritual development in its students. By offering a private school education, Tru Prep Academy Inc aims to nurture well-rounded individuals who can make valuable contributions to society. The academy's mission is not just limited to academic learning but also emphasizes the importance of holistic growth, ensuring that its students emerge as well-equipped individuals capable of navigating various life challenges with confidence and resilience.
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Impact
July, 2024
Tru Prep Academy Inc has made a significant impact by providing a private school education that stimulates, educates, and motivates students in Miami Lakes, FL. The academy has effectively nurtured students to grow mentally, physically, and spiritually, creating a platform for them to develop into well-rounded individuals. Through its focus on education, Tru Prep Academy Inc has played a crucial role in shaping the future of its students and contributing to the growth of the community.
This information is meant to be a general summary of Tru Prep Academy Inc. 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 2023.
- Program Service Revenue: $1,517,838
- Gross Receipts: $1,559,579
Assets and Liabilities:
- Total Assets: $203,999
- Total Liabilities: $0
- Net Assets: $203,999
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOLARSHIP INCOME
Revenue
$928,663
TUITION INCOME
Revenue
$4,849
BANK INTEREST
Revenue
$38
SALES
Revenue
$71,038
DONATIONS
Revenue
$513,250
Organization Details
Founding Year
2017
Principal Officer
Mario Smith
NTEE Category
Code: B25 - Education
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