Overview
What is Holy Family Academy Inc?
Holy Family Academy Inc is a private, independent Catholic institution situated in Phoenix, Arizona. With a strong focus on liberal arts education, the academy caters to students from grades K-12, offering them an exceptional learning experience. The academy's mission is to foster the holistic development of its students, providing them with a rigorous curriculum in the classical liberal arts within an environment that encourages personal growth. Revenues are primarily generated through tuition fees charged to students' families and contributions from supportive benefactors. The academy has a dedicated workforce of 25 individuals committed to nurturing the intellectual, spiritual, and social development of its students.
Official website here: www.holyfamilyacad.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star rating)
Holy Family Academy Inc has received a low rating of 43% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization scored particularly poorly in areas such as board independence, with 0% of board members being independent, and it has not provided financial statements, which raises transparency issues. While the charity has a 100% program expense ratio, suggesting that all its expenses are directed towards programs, the overall financial health appears concerning due to a liabilities to assets ratio of 196.10%.
Strengths of Holy Family Academy include a conflict of interest policy and the documentation of board meeting minutes. However, the absence of crucial policies such as a whistleblower policy and document retention policy is notable and detracts from its governance practices. Furthermore, the organization's website does not provide access to its tax forms, which is essential for transparency.
In summary, while Holy Family Academy has managed to direct all its resources towards programming, it faces critical challenges in governance and financial reporting that may compromise its operational integrity. This situation could impact donor trust and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Family Academy Inc legitimate?
Holy Family Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Family 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: $583,086
For more financial information, click here
Official website here: www.holyfamilyacad.org
What is the mission statement of Holy Family Academy Inc?
Holy Family Academy Inc, as a private independent Catholic liberal arts institution, dedicates itself to offering exceptional education in the classical liberal arts to students from grades K-12. The academy fosters an environment that promotes the holistic development of each student. Its mission is to provide a setting that nurtures the whole person, aiming to instill values and knowledge beyond just academic achievements. Revenues are generated through student tuition fees and contributions from benefactors.
Official website here: www.holyfamilyacad.org
Who is the CEO of Holy Family Academy Inc?
Dominic Demark is the Chairwoman of Holy Family Academy Inc.
Official website here: www.holyfamilyacad.org
What is the revenue of Holy Family Academy Inc?
Holy Family Academy Inc's revenue in 2022 was $821,720.
Official website here: www.holyfamilyacad.org
Who are the executives of Holy Family Academy Inc and what are their salaries?
The average compensation at Holy Family Academy Inc during 2022 was $23,323. There are 25 employees and 25 volunteers at Holy Family Academy Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.holyfamilyacad.org
Where can I find the form 990 for Holy Family Academy Inc?
Holy Family Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holyfamilyacad.org
Learn more at the official website: www.holyfamilyacad.org
Mission Statement of Holy Family Academy Inc
Holy Family Academy, a private independent Catholic institution, is dedicated to offering a superior education in the classical liberal arts to students from grades K-12. The academy creates an environment that fosters the holistic development of each student. Its mission is to provide an exceptional educational experience, nurturing students beyond academic excellence, thereby shaping well-rounded individuals. Holy Family Academy obtains its revenue through charging tuition fees and accepting contributions from benefactors.
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Impact
July, 2024
Holy Family Academy Inc's impact lies in providing students in grades K-12 with a truly outstanding education in the classical liberal arts within a nurturing environment that fosters the formation of the whole person. Through its commitment to Catholic values and rigorous academic curriculum, Holy Family Academy helps shape future generations of well-rounded individuals. The academy's focus on the liberal arts and holistic development sets it apart as a beacon of excellence in education, making a significant impact on the lives of its students and the community as a whole.
This information is meant to be a general summary of Holy Family 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 2022.
- Program Service Revenue: $582,835
- Gross Receipts: $821,720
Assets and Liabilities:
- Total Assets: $7,192
- Total Liabilities: $14,104
- Net Assets: -$6,912
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Organization Details
Founding Year
2018
Phone
(602) 740-4067Principal Officer
Dominic Demark
Main Address
2969 N Greenfield Rd, Phoenix, AZ, 85016
Website
www.holyfamilyacad.orgNTEE Category
Code: B20 - Education
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