Overview
What is Scitech Academy?
Scitech Academy is a nonprofit organization situated in Richfield, Minnesota, with a primary focus on providing comprehensive Science, Technology, Engineering, and Mathematics (STEM) education to students in grades K-8. The institution boasts an average annual enrollment of 264 students. The organization's mission is to empower and engage inner city students, including immigrants, by delivering an all-inclusive STEM curriculum, with the ultimate aim of preparing them for the competitive global economy. By providing these students with the necessary skills, they can achieve academic success and secure fulfilling careers. Furthermore, Scitech Academy encourages social responsibility, encouraging its students to support and serve others. With a dedicated staff of 96 employees, the academy strives to contribute to the development of future generations in a rapidly evolving, highly competitive world.
Official website here: www.scitechacademymn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Scitech Academy has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored 81% overall, with a specific focus on its financial management practices. This rating highlights the charity's commitment to transparency and responsible governance, as evidenced by its independent board composition and comprehensive oversight mechanisms.
The nonprofit boasts strong scores across various accountability indicators, including a fully compliant conflict of interest policy and a well-maintained whistleblower policy. Additionally, the organization has demonstrated effective financial stewardship, with a high program expense ratio of 86.42%, suggesting that a significant portion of its funds is directed towards its mission-driven activities.
However, Scitech Academy's liabilities to assets ratio raised concerns, receiving no points in this area. This suggests that the organization may have a high level of liabilities compared to its assets, which could impact its financial stability in the long term. Overall, while the charity shows strengths in accountability and program expenses, potential donors may want to consider its financial position before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Scitech Academy legitimate?
Scitech Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scitech 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: $306,790
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,990,498
For more financial information, click here
Official website here: www.scitechacademymn.org
What is the mission statement of Scitech Academy?
Scitech Academy's mission is centered around providing a comprehensive STEM education to inner city students, including immigrants, with the aim of preparing them for the global competitive economy. The academy aims to equip these students with the skills necessary to achieve academic success, further their education, and secure fulfilling careers. By offering an all-inclusive STEM curriculum, Scitech Academy intends to foster a sense of social responsibility among its students, encouraging them to support and serve others in their communities. The ultimate goal is to empower and educate the next generation of American leaders.
Official website here: www.scitechacademymn.org
Who is the CEO of Scitech Academy?
Abdisallam Abdulle is the Ex-Officio of Scitech Academy.
Official website here: www.scitechacademymn.org
What is the revenue of Scitech Academy?
Scitech Academy's revenue in 2022 was $5,202,157.
Official website here: www.scitechacademymn.org
Who are the executives of Scitech Academy and what are their salaries?
The average compensation at Scitech Academy during 2022 was $23,930. There are 96 employees and 10 volunteers at Scitech Academy.
Here are 7 key members and their salaries:
- Compensation: $113,375
- Related: $0
- Other: $28,320
- Compensation: $38,880
- Related: $0
- Other: $2,986
- Compensation: $35,935
- Related: $0
- Other: $2,757
- Compensation: $30,695
- Related: $0
- Other: $2,693
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.scitechacademymn.org
Where can I find the form 990 for Scitech Academy?
Scitech Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scitechacademymn.org
Learn more at the official website: www.scitechacademymn.org
Mission Statement of Scitech Academy
Scitech Academy, a nonprofit organization, is dedicated to delivering a comprehensive Science, Technology, Engineering, and Mathematics (STEM) curriculum to engage and empower inner city students, including immigrant children. The primary objective of Scitech Academy is to prepare these future generations for the competitive global economy. By focusing on STEM education, the academy aims to help students achieve their academic goals and attain successful careers. Beyond academic success, Scitech Academy also strives to instill in its students a sense of social responsibility, encouraging them to support and serve others. The ultimate goal is to equip these students with the necessary skills to thrive in an ever-changing, highly competitive global community.
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Impact
July, 2024
Scitech Academy's impact lies in its commitment to delivering a comprehensive STEM curriculum that engages, empowers, and educates inner-city students, including immigrant children. By equipping these students with the necessary skills in science, technology, engineering, and mathematics, Scitech Academy is preparing them for a competitive global economy and helping them achieve successful academic goals. This preparation extends beyond academics to also providing opportunities for successful careers and fulfilling lives, while instilling a sense of social responsibility to support and serve others. Through its education programs and services for students in grades K-8, Scitech Academy is making a significant contribution to preparing future American generations for the challenges of a highly competitive, global community.
This information is meant to be a general summary of Scitech 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.
- Gross Receipts: $5,202,157
Assets and Liabilities:
- Total Assets: $3,098,639
- Total Liabilities: $2,679,406
- Net Assets: $419,233
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Organization Details
Founding Year
2016
Phone
(612) 800-2036Principal Officer
Abdisallam Abdulle
Main Address
100 West 66th Street, Richfield, MN, 55423
Website
www.scitechacademymn.orgNTEE Category
Code: B29 - Education
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