Faithful Academy Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842372408 ✦ Beaumont, TX ✦ Designated as a 501(c)(3)

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Overview

What is Faithful Academy Inc?

Faithful Academy Inc, located in Beaumont, Texas, is a nonprofit organization dedicated to offering an alternative education method for homeschooled students. With a total enrollment of 44 students, the academy charges a comprehensive fee that covers registration, supplies, and monthly payments. The students engage in intensive academic sessions, spending eight hours each day, four days a week, over approximately 152 class days, including online classes initiated following the Covid-19 shutdown. The academy employs a team of eight dedicated individuals, ensuring a supportive learning environment for its students.


Official website here: www.faithfulacademy.com

Is Faithful Academy Inc legitimate?

Faithful Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faithful 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: $72,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,016

For more financial information, click here


Official website here: www.faithfulacademy.com

What is the mission statement of Faithful Academy Inc?

Faithful Academy Inc, as a organization, is committed to offering an alternative educational approach for homeschooled students. Their mission revolves around providing a distinct learning environment that caters to these students' needs. The academy offers tutoring services, which include registration fees, supply fees, and regular payments. Currently, they have a total enrollment of 44 students, engaging them in 8-hour sessions, four days a week, spanning approximately 152 days, including online classes following the Covid-19 shutdown. The academy's focus is on providing an alternative schooling method, thereby offering a flexible and tailored learning experience for homeschooled students.


Official website here: www.faithfulacademy.com

Who is the CEO of Faithful Academy Inc?

Rhonda Sparks is the Executive Director of Faithful Academy Inc.


Official website here: www.faithfulacademy.com

What is the revenue of Faithful Academy Inc?

Faithful Academy Inc's revenue in 2022 was $334,385.


Official website here: www.faithfulacademy.com

Who are the executives of Faithful Academy Inc and what are their salaries?

The average compensation at Faithful Academy Inc during 2022 was $24,440. There are 8 employees and 8 volunteers at Faithful Academy Inc.


Here are 5 key members and their salaries:


Rhonda Sparks (Executive Director)
  • Compensation: $72,000
  • Related: $0
  • Other: $0
John Brimm (Board Of Directors - Treasure)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Miller (Board Of Directors - Presiden)
  • Compensation: $0
  • Related: $0
  • Other: $0
David White (Board Of Directors - Vice Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Radford (Officer - Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.faithfulacademy.com

Where can I find the form 990 for Faithful Academy Inc?

Faithful Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.faithfulacademy.com

Learn more at the official website: www.faithfulacademy.com

Mission Statement of Faithful Academy Inc

Faithful Academy Inc, as a nonprofit organization, is committed to offering an alternative educational approach for homeschooled students. Their mission is centered around providing a structured learning environment that caters to the needs of these students. By offering tutoring services, Faithful Academy Inc aims to supplement the homeschooling experience, thereby enhancing the academic growth of its enrolled students. The organization's approach includes a registration fee, supply fee, and monthly payments. As of now, Faithful Academy Inc has a total enrollment of 44 students. The educational program consists of 8-hour classes, held 4 days a week, equating to approximately 152 class days, including online classes post-Covid-19 shutdown.

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Impact




October, 2024

Faithful Academy Inc has made a significant impact by offering an alternative schooling method for homeschooled students in Beaumont, Texas. With an enrollment of 44 students, the academy focuses on personalized education, providing structured tutoring that includes various fees such as registration and supply costs. The academy operates classes for eight hours per day, four days a week, totaling approximately 152 class days annually. This program not only enhances students' academic skills but also fosters a supportive learning environment, especially during the challenges brought by the COVID-19 pandemic, which has included online classes. Through its dedicated approach, Faithful Academy Inc plays a crucial role in the educational landscape, catering specifically to the needs of homeschooled students and offering them a pathway to success.




This information is meant to be a general summary of Faithful 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.

Revenue
$334,385 (2022)
Expenses
$350,986 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $276,689
  • Gross Receipts: $334,385

Assets and Liabilities:

  • Total Assets: $109,083
  • Total Liabilities: $2,926
  • Net Assets: $106,157

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tutoring Income

Revenue

$274,494

Reading Program

Revenue

$2,195

Organization Details

Founding Year

2019

Principal Officer

Rhonda Sparks

Main Address

10305 Eastex Freeway, Beaumont, TX, 77708

NTEE Category

Code: B90 - Education

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