Overview
What is Faith Academy?
Faith Academy is a nonprofit institution situated in Iowa City, Iowa, specifically at 1030 Cross Park Ave. Their primary focus is on offering a Christ-centered education to underprivileged students within the local community, catering to students from kindergarten to sixth grade. The academy has successfully supported over 82 students, with 74 of them achieving proficiency in reading skills. Faith Academy takes pride in graduating its students, as evidenced by the recent graduation of its third 6th grade class.
Official website here: www.faithacademyiowa.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's accountability and financial health, with a strong program expense ratio of 90.94%, indicating that a significant portion of funds is directed towards their mission. The organization also boasts 100% independent board members, which enhances governance and oversight.
However, there are notable weaknesses in the governance practices of Faith Academy. While the organization has policies in place for conflict of interest and is transparent on its website, it lacks essential documents such as a whistleblower policy and a document retention and destruction policy. These missing components can impact the organization’s overall transparency and accountability.
Despite these limitations, Faith Academy has demonstrated a commitment to independent oversight and sound financial management, maintaining a liabilities to assets ratio of 0.00%. Overall, while the organization excels in certain financial areas, addressing the governance shortcomings could further improve its standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Faith Academy?
Faith Academy has received positive feedback from its initial reviews on Facebook, even though it currently lacks a formal rating. One reviewer expressed deep appreciation for the quality of Christian education offered, highlighting the dedicated staff and volunteers as key strengths. This sentiment reflects a strong endorsement of the institution's commitment to its educational mission.
While the number of reviews is limited, the enthusiasm shown by those who took the time to share their thoughts suggests that the academy is making a meaningful impact on its community. The focus on quality education and the appreciation for the staff indicate that families feel supported and valued in their educational journey.
This AI summary has been generated from reviews found on Facebook.
Is Faith Academy legitimate?
Faith Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $640,230
For more financial information, click here
Official website here: www.faithacademyiowa.org/
What is the mission statement of Faith Academy?
Faith Academy's mission is centered around providing a Christ-focused educational experience to economically disadvantaged students in the Iowa City area. This is achieved through daily instruction. The academy's primary objective is to help these students excel, as evidenced by its success in improving reading proficiency for 74 of its over 82 K-6th grade students. Faith Academy is committed to its mission, having graduated its third class of sixth graders.
Official website here: www.faithacademyiowa.org/
Who is the CEO of Faith Academy?
Craig Welt is the Treasurer of Faith Academy.
Official website here: www.faithacademyiowa.org/
What is the revenue of Faith Academy?
Faith Academy's revenue in 2022 was $1,207,307.
Official website here: www.faithacademyiowa.org/
Who are the executives of Faith Academy and what are their salaries?
There 85 volunteers at Faith Academy.
Here are 10 key members and their salaries:
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Official website here: www.faithacademyiowa.org/
Where can I find the form 990 for Faith Academy?
Faith Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.faithacademyiowa.org/
Learn more at the official website: www.faithacademyiowa.org/
Mission Statement of Faith Academy
Faith Academy, a nonprofit organization, is committed to providing a Christ-centered education to low-income students residing in the Iowa City area. Through daily formal instruction, the academy aims to equip these students with the necessary knowledge and skills. The primary objective of Faith Academy is to assist 82 K-6th grade students, helping 74 of them to achieve proficiency in reading. The academy is proud to have graduated its third 6th grade class, demonstrating its dedication to providing quality education to its students.
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Impact
July, 2024
Faith Academy's impact in Iowa City is significant as it provides a Christ-centered education to low-income students, helping to bridge educational gaps and empower young learners. With a focus on academic proficiency in reading, the academy has successfully supported over 82 students in grades K-6, with 74 students achieving proficiency in reading skills. Additionally, Faith Academy has graduated its third class of 6th graders, marking a milestone in its commitment to providing quality education to underserved communities. This dedication to nurturing young minds and promoting spiritual values sets Faith Academy apart as a beacon of hope and opportunity for students in Iowa City.
This information is meant to be a general summary of Faith 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.
- Investment Income: $7,696
- Program Service Revenue: $56,414
- Gross Receipts: $1,207,307
Assets and Liabilities:
- Total Assets: $604,933
- Total Liabilities: $0
- Net Assets: $604,933
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Academic Tutition
Revenue
$56,414
Organization Details
Founding Year
2017
Phone
(319) 351-4860Principal Officer
Craig Welt
Main Address
1030 Cross Park Ave, Iowa City, IA, 52240
Website
www.faithacademyiowa.org/NTEE Category
Code: B24 - Education
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