Overview
What is Olympus International Academy Inc?
Olympus International Academy Inc, located in Boca Raton, Florida, is a nonprofit institution dedicated to serving approximately 340 students in grades K-8. The primary focus of the academy is to facilitate English Language Acquisition for its primarily Brazilian student body, striving for a B rating and seeking to renew its charter for an additional 10 years. The academy's mission revolves around providing a 21st-century curriculum, fostering global competencies, and integrating STEAM programs into all levels, starting from kindergarten. Project-based learning and flexible grouping techniques are utilized in the classrooms to offer differentiation. A global perspective is incorporated into world geography, languages, and cultures, preparing students for an influential role in a global society. The academy currently employs 49 individuals.
Official website here: www.oi.academy
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
Olympus International Academy Inc has received a Three-Star rating from Charity Navigator, reflecting a solid Accountability & Finance score of 77%. This rating indicates that the organization demonstrates a commitment to transparency and responsible management of its financial resources. The evaluation is based solely on its accountability metrics, revealing strengths in independent board governance and financial oversight.
The organization boasts a fully independent board, with all eight members free from conflicts of interest. It has robust financial statements and a documented audit and oversight committee, contributing positively to its accountability score. Additionally, the presence of sound policies regarding document retention and board meeting minutes further enhances its credibility.
However, there are areas for improvement, particularly in the absence of a whistleblower policy, which may raise concerns about internal reporting practices. Furthermore, the organization's liabilities to assets ratio is notably high at 98.08%, suggesting potential financial risks that might need to be addressed. Overall, while Olympus International Academy Inc shows strengths in governance and program expenses, it should work on enhancing its financial stability and internal policies.
This AI summary has been generated from information found on Charity Navigator.
Is Olympus International Academy Inc legitimate?
Olympus International Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olympus International 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: $85,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,305,854
For more financial information, click here
Official website here: www.oi.academy
What is the mission statement of Olympus International Academy Inc?
Olympus International Academy Inc's mission is centered around providing a 21st-century curriculum to K-8 students, aiming to prepare them for global competency. The academy integrates a global dimension into various subjects and begins STEAM education from kindergarten, fostering inventing and entrepreneurship through project-based learning. Flexible grouping and work stations in the classrooms enable differentiation, while world geography, languages, and cultures are integral parts of the education, preparing students for a significant role in a global society.
Official website here: www.oi.academy
Who is the CEO of Olympus International Academy Inc?
Joseph Mullen is the President of Olympus International Academy Inc.
Official website here: www.oi.academy
What is the revenue of Olympus International Academy Inc?
Olympus International Academy Inc's revenue in 2022 was $3,679,245.
Official website here: www.oi.academy
Who are the executives of Olympus International Academy Inc and what are their salaries?
The average compensation at Olympus International Academy Inc during 2022 was $28,385. There are 49 employees and 10 volunteers at Olympus International Academy Inc.
Here are 5 key members and their salaries:
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- Compensation: $85,000
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Official website here: www.oi.academy
Where can I find the form 990 for Olympus International Academy Inc?
Olympus International Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oi.academy
Learn more at the official website: www.oi.academy
Mission Statement of Olympus International Academy Inc
Olympus International Academy Inc, a nonprofit organization, is committed to equipping K-8 students in the community with a 21st-century curriculum and the necessary skills for global competency. The Academy incorporates a global perspective into all disciplines, starting from kindergarten, and infuses the STEAM program throughout its levels. This approach encourages project-based learning, inventing, and entrepreneurship, ensuring differentiation through flexible grouping and work stations. World geography, languages, and cultures are integrated into the education provided, preparing the students to make a significant impact in a global society.
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Impact
July, 2024
Olympus International Academy Inc is making a significant impact by providing a 21st-century curriculum that equips K-8 students with the knowledge and skills for global competency. By infusing the STEAM program at all levels and incorporating project-based learning, the academy fosters innovation and entrepreneurship among its students. Additionally, by focusing on world geography, languages, and cultures, Olympus International Academy ensures that its students are prepared to thrive in a global society. With a current enrollment of 340 students primarily from Brazil, the academy's commitment to English language acquisition and a well-rounded education has earned it a B rating. Through its mission to prepare students for a global future, Olympus International Academy is shaping the next generation of global citizens.
This information is meant to be a general summary of Olympus International 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: $3,138,182
- Gross Receipts: $3,679,245
Assets and Liabilities:
- Total Assets: $2,321,981
- Total Liabilities: $2,143,348
- Net Assets: $178,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT AGENCY
Revenue
$2,950,497
PROGRAM REVENUE
Revenue
$187,685
Organization Details
Founding Year
2016
Phone
(561) 900-5323Principal Officer
Joseph Mullen
Main Address
8411 W PALMETTO PARK ROAD, BOCA RATON, FL, 33433
Website
www.oi.academyNTEE Category
Code: B24 - Education
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