Overview
What is Kenmore Preparatory Academy?
Kenmore Preparatory Academy, located in Toledo, Ohio, is a nonprofit institution committed to nurturing well-rounded individuals. They adhere to a rigorous curriculum centered around the Ohio Learning Standards, with a focus on college and career readiness. Their approach emphasizes high expectations for both academics and behavior, fostering critical thinking and lifelong learning. The academy values collaboration with families and communities, working together to help children reach their full potential. They individualize learning through regular progress analysis and offer a comprehensive support system to aid student success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Kenmore Preparatory Academy has received a two-star rating with a score of 67% from Charity Navigator, indicating a need for improvement in its operational and financial practices. The organization demonstrates strong governance with an entirely independent board and effective policies in place, such as conflict of interest and whistleblower policies. Additionally, its program expense ratio is excellent, suggesting that all its expenses are directed towards its programs.
However, the organization's financial health raises concerns, particularly with a fundraising efficiency ratio of $0.002 and a high liabilities to assets ratio of 88.82%. These metrics suggest that while the academy is committed to its educational mission, it may struggle to manage its resources effectively. The working capital ratio of 0.09 years further indicates potential cash flow issues that could impact its long-term sustainability.
Overall, while Kenmore Preparatory Academy shows strong governance and a focus on its programs, it faces significant challenges regarding financial management and fundraising efficiency that could hinder its effectiveness and growth in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Kenmore Preparatory Academy legitimate?
Kenmore Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenmore 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: $1,968,383
For more financial information, click here
What is the mission statement of Kenmore Preparatory Academy?
Kenmore Preparatory Academy, as a learning community, prioritizes high expectations for both academic and behavioral growth. The staff at the academy is committed to fostering a supportive environment that nurtures well-rounded individuals, transforming them into independent critical thinkers with a strong intrinsic desire for lifelong learning. The academy is dedicated to making a significant impact in the lives of its students, setting high expectations and offering ample support to help them realize their full potential. Furthermore, the academy individualizes learning based on regular progress analysis throughout the school year, ensuring that each student's unique needs are catered to, leading to their overall success.
What is the revenue of Kenmore Preparatory Academy?
Kenmore Preparatory Academy's revenue in 2024 was $4,857,076.
Who are the executives of Kenmore Preparatory Academy and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $875
- Related: $0
- Other: $0
- Compensation: $875
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
Where can I find the form 990 for Kenmore Preparatory Academy?
Kenmore Preparatory Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Kenmore Preparatory Academy
Kenmore Preparatory Academy, as a learning community, places a significant emphasis on nurturing well-rounded individuals. The institution holds high expectations for both academic achievement and behavior, fostering an environment where students, families, and communities thrive. The staff at Kenmore Preparatory Academy is committed to embracing and supporting each student, with the ultimate goal of developing independent critical thinkers who are motivated to continue learning throughout their lives.
The mission of Kenmore Preparatory Academy is centered around the belief that every child has the potential to learn. The academy strives to make a positive impact in the lives of its students, setting them on a path towards higher education and future careers. By offering a high level of support, Kenmore Preparatory Academy helps its students to reach their full potential. The academy individualizes learning, regularly analyzing student progress throughout each school year to ensure that each student's needs are met. As a result, the students at Kenmore Preparatory Academy are highly successful, demonstrating a commitment to their education and a drive to achieve their goals.
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Impact
July, 2024
Kenmore Preparatory Academy, formerly known as Toledo Preparatory Academy, has a significant impact on the community by providing a learning environment that values high expectations for academics and behavior. The staff at Kenmore Preparatory Academy are dedicated to nurturing well-rounded individuals who are independent critical thinkers and intrinsically motivated to be lifelong learners. By offering a standards-based curriculum aligned with the Ohio Learning Standards, the academy equips students with the skills needed for college and career readiness.
Kenmore Preparatory Academy's mission to guide students towards a path of college and career success is evident in their high expectations and tailored support for each student. Through regular analysis of student progress, the academy ensures that each student receives individualized learning experiences to help them reach their full potential. Overall, Kenmore Preparatory Academy makes a significant impact by preparing its students for future success in higher education and beyond.
This information is meant to be a general summary of Kenmore 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 2024.
- Gross Receipts: $4,857,076
Assets and Liabilities:
- Total Assets: $3,659,388
- Total Liabilities: $2,805,404
- Net Assets: $853,984
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Organization Details
Founding Year
2019
Principal Officer
C David Massa
NTEE Category
Code: B20 - Education
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