Overview
What is Runnels Academy Inc?
Runnels Academy Inc is a nonprofit organization that prioritizes education with a distinct Christian focus. Their mission involves delivering educational services to students in a manner that aligns with their Christian values. By providing a nurturing environment, Runnels Academy aims to instill strong moral and academic foundations in its learners, striving to shape well-rounded individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)
Runnels Academy Inc has received a two-star rating from Charity Navigator, indicating a need for improvement with an overall score of 67%. The organization shows strengths in its governance, with 100% of its board members being independent and a solid liabilities to assets ratio of 0.00%. Additionally, the program expense ratio is impressively high at 100%, suggesting that all funds are directed towards its programs, which is a positive indicator of its commitment to its mission.
However, the organization faces significant challenges related to transparency and governance practices. It lacks essential financial statements and has not implemented key policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy. Furthermore, the absence of its website listed on the tax form and missing tax forms on the nonprofit's website detracts from its accountability.
Overall, while Runnels Academy Inc demonstrates a strong commitment to its programs, the lack of required documentation and policies raises concerns about its operational transparency. Addressing these limitations could enhance its rating and overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Runnels Academy Inc legitimate?
Runnels Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Runnels 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: $490,464
For more financial information, click here
What is the mission statement of Runnels Academy Inc?
Runnels Academy Inc., in its mission, strives to deliver education with a Christian foundation. The institution achieves this by offering educational services with a strong emphasis on Christian values. By doing so, Runnels Academy aims to foster an educational environment that nurtures students spiritually, academically, and personally. The school's approach to education is grounded in its Christian beliefs, providing a comprehensive learning experience for its students.
Who is the CEO of Runnels Academy Inc?
Keith Stone is the Vice President of Runnels Academy Inc. The CEO's salary of Runnels Academy Inc is $0 and their total compensation is $0.
What is the revenue of Runnels Academy Inc?
Runnels Academy Inc's revenue in 2022 was $1,003,584.
Who are the executives of Runnels Academy Inc and what are their salaries?
The average compensation at Runnels Academy Inc during 2022 was $24,523. There are 20 employees at Runnels Academy Inc.
Here are 6 key members and their salaries (Runnels Academy Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Runnels Academy Inc?
Runnels Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Runnels Academy Inc
Runnels Academy Inc, a nonprofit organization, is committed to providing a Christian-oriented education to its students. Their mission revolves around delivering educational services with a strong religious foundation. This approach is intended to shape the lives of the students, fostering spiritual growth alongside academic development. By integrating religious teachings into its educational curriculum, Runnels Academy aims to instill values and beliefs that go beyond the classroom, preparing its students for a holistic and meaningful life.
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Impact
July, 2024
Runnels Academy Inc's impact lies in providing a Christian-based education to students in Big Spring, TX. By offering educational services rooted in Christian principles, Runnels Academy aims to shape the minds and values of young learners in the community. This approach not only contributes to the academic development of students but also helps instill moral and ethical values that can guide them throughout their lives. Through its mission, Runnels Academy contributes to the growth and enrichment of individuals in the community, nurturing them academically and spiritually.
This information is meant to be a general summary of Runnels 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: $328,903
- Gross Receipts: $1,045,301
Assets and Liabilities:
- Total Assets: $439,715
- Total Liabilities: $0
- Net Assets: $439,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND OTHER
Revenue
$328,903
Organization Details
Founding Year
2018
Phone
(432) 264-0008Principal Officer
Keith Stone
Main Address
PO BOX 3431, BIG SPRING, TX, 79720
NTEE Category
Code: B90 - Education
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