Overview
What is Promesa Academy Inc?
Promesa Academy Inc, a nonprofit based in San Antonio, Texas, is dedicated to providing high-quality education to kindergarten through fifth-grade students. Their mission revolves around rigorous and engaging academics, ensuring that each student acquires essential skills and knowledge for middle and high school success, college graduation, and a prosperous future. With a team of 52 employees, Promesa Academy Charter School is committed to delivering excellent instruction, fostering an environment that nurtures students' growth and preparation for a life filled with opportunities.
Official website here: www.promesaacademy.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Promesa Academy Inc has earned a three-star rating with an overall score of 81%, reflecting a strong emphasis on accountability and financial management. The organization scored a maximum of 100% for having a majority of independent board members and demonstrated solid financial oversight, as indicated by their well-maintained financial statements and the absence of any material diversion of assets.
The charity excels in program expenses, allocating 92.04% towards its programs, which is a commendable indication of its commitment to maximizing impact. However, the organization received no points for its liabilities to assets ratio, suggesting potential concerns regarding financial stability. While the accountability metrics are robust, addressing the liabilities issue could enhance overall financial health and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Promesa Academy Inc legitimate?
Promesa Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promesa 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: $113,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,346,032
For more financial information, click here
Official website here: www.promesaacademy.org
What is the mission statement of Promesa Academy Inc?
Promesa Academy Inc, as stated in its mission, is committed to providing high-quality education to kindergarten to fifth-grade students. The aim is to equip these students with the necessary skills and knowledge for a successful transition to middle and high school, further education, and a life filled with opportunities. This is achieved through rigorous and engaging academics, high-quality instruction, and a dedication to excellence in all aspects of their work. The school's mission is to empower these students to reach their full potential and seize opportunities in their future.
Official website here: www.promesaacademy.org
Who is the CEO of Promesa Academy Inc?
Isaac Williams is the CEO of Promesa Academy Inc The CEO's salary of Promesa Academy Inc is $46,638 and their total compensation is $52,230.
Official website here: www.promesaacademy.org
What is the revenue of Promesa Academy Inc?
Promesa Academy Inc's revenue in 2024 was $8,577,146.
Official website here: www.promesaacademy.org
Who are the executives of Promesa Academy Inc and what are their salaries?
The average compensation at Promesa Academy Inc during 2024 was $68,602. There are 65 employees and 7 volunteers at Promesa Academy Inc.
Here are 8 key members and their salaries (Promesa Academy Inc's CEO's salary is $46,638 and their total compensation is $52,230):
- Compensation: $46,638
- Related: $0
- Other: $5,592
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.promesaacademy.org
Where can I find the form 990 for Promesa Academy Inc?
Promesa Academy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.promesaacademy.org
Learn more at the official website: www.promesaacademy.org
Mission Statement of Promesa Academy Inc
Promesa Academy Inc, a nonprofit organization, is committed to providing high-quality instruction to kindergarten to fifth-grade students. Their mission is to ensure that every child who passes through their doors is equipped with the necessary skills and knowledge for middle and high school success, college graduation, and a life filled with opportunities. They achieve this by implementing rigorous and engaging academics, delivering high-quality instruction, and maintaining a dedication to excellence in all their endeavors. Promesa Academy Charter School is their educational arm, which strives to instill these values in each and every student, laying a strong foundation for their future academic and personal growth.
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Impact
July, 2024
Promesa Academy Inc's impact is centered around providing high-quality instruction to ensure every kindergarten through fifth-grade student has the skills and knowledge for middle and high school success, college graduation, and a life filled with opportunity. Through rigorous and engaging academics, as well as a commitment to excellence in all aspects of their work, Promesa Academy Charter School aims to equip students with the necessary skills to achieve success in higher education and beyond. Their focus on education is crucial in shaping the future of each student and empowering them to reach their full potential.
This information is meant to be a general summary of Promesa 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 2024.
- Investment Income: $28,471
- Program Service Revenue: $76,717
- Gross Receipts: $8,577,146
Assets and Liabilities:
- Total Assets: $11,349,575
- Total Liabilities: $10,008,903
- Net Assets: $1,340,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFTER SCHOOL ACTIVITY FEES
Revenue
$76,717
Organization Details
Founding Year
2017
Phone
(210) 942-1700Principal Officer
Isaac Williams
Main Address
603 MERIDA, SAN ANTONIO, TX, 78207
Website
www.promesaacademy.orgNTEE Category
Code: B90 - Education
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