Overview
What is Huber Heights Preparatory Academy?
Huber Heights Preparatory Academy is a charter school located in Parma, Ohio, with an address at 12925 Corporate Drive, 44130. Established with the purpose of benefiting the local community's children, the school offers instructional services for students in grades K-8 during the 2021-2022 school year. The academy's primary mission is to offer educational choices to its students and their families, providing instructional services to enrolled students. The organization operates under the guidelines of IRC 501c3, which means it is a nonprofit entity, dedicated to the betterment of children in the community and engaging in activities related to its primary purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Huber Heights Preparatory Academy has received a Two-Star rating from Charity Navigator, highlighting significant concerns primarily in its financial metrics. While the organization demonstrates a strong commitment to accountability with perfect scores in governance areas such as board independence and oversight, its financial ratios raise red flags, particularly a liabilities-to-assets ratio of 108.32%.
The academy's strengths lie in its solid governance practices, featuring a fully independent board and comprehensive policies regarding conflicts of interest and whistleblower protections. Moreover, it maintains transparency with easily accessible board meeting minutes and has shown no material diversion of assets, which is commendable.
However, the financial aspects present considerable challenges. Key indicators, such as fundraising efficiency and working capital, are notably weak, indicating potential sustainability issues. The negative working capital and substantial liabilities in relation to assets suggest that the organization may face difficulties in managing its financial health moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Huber Heights Preparatory Academy legitimate?
Huber Heights Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Huber Heights Preparatory 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: $616,694
For more financial information, click here
What is the mission statement of Huber Heights Preparatory Academy?
Huber Heights Preparatory Academy's mission, as outlined in its Articles of Incorporation, is primarily focused on providing educational choices to students and their families within its community. The organization operates primarily as a charter school, offering instructional services to students in grades K-8. In broader terms, the academy's mission is to establish and manage a school within the guidelines of IRC 501c3, which allows it to operate exclusively for charitable purposes. The academy's goals encompass benefiting the children and community by offering educational opportunities, while also engaging in additional activities that support its primary objective.
Who is the CEO of Huber Heights Preparatory Academy?
C David Massa is the Board Member of Huber Heights Preparatory Academy.
What is the revenue of Huber Heights Preparatory Academy?
Huber Heights Preparatory Academy's revenue in 2022 was $2,242,671.
Who are the executives of Huber Heights Preparatory Academy and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $1,125
- Related: $0
- Other: $0
- Compensation: $1,125
- Related: $0
- Other: $0
- Compensation: $1,125
- Related: $0
- Other: $0
- Compensation: $1,125
- Related: $0
- Other: $0
- Compensation: $875
- Related: $0
- Other: $0
Where can I find the form 990 for Huber Heights Preparatory Academy?
Huber Heights Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Huber Heights Preparatory Academy
Huber Heights Preparatory Academy, as a nonprofit organization, was established with the primary mission of offering educational opportunities to students and their families within the community. According to its Articles of Incorporation, the academy's objectives extend beyond just providing instructional services to students in Grades K-8. The corporation was formed with the intention of establishing and administering a charter school within the state of Ohio, ultimately benefiting local children and the community at large. Huber Heights Preparatory Academy is authorized to engage in any activities that fall under the purview of IRC 501c3, which encompasses a broad range of charitable and educational endeavors. In essence, the academy aims to provide a conducive learning environment for its students while contributing to the broader community.
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Impact
July, 2024
Huber Heights Preparatory Academy's impact is felt through its provision of educational choice to students and families in the community. By offering instructional services to children in grades K-8, the academy plays a vital role in shaping the academic and personal development of young learners. Through its mission to establish and run a charter school for the benefit of children and the community, Huber Heights Preparatory Academy contributes positively to the educational landscape in Ohio.
This information is meant to be a general summary of Huber Heights Preparatory 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.
- Gross Receipts: $2,242,671
Assets and Liabilities:
- Total Assets: $1,694,699
- Total Liabilities: $1,872,790
- Net Assets: -$178,091
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Organization Details
Founding Year
2019
Phone
(330) 515-0572Principal Officer
C David Massa
Main Address
12925 Corporate Drive, Parma, OH, 44130
NTEE Category
Code: B24 - Education
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