Overview
What is Innovation Science & Technology Academy?
Innovation Science & Technology Academy is a distinguished charter school located in Brooklyn Park, Minnesota. With a strong focus on STEM education, this institution is dedicated to nurturing globally conscious students in a small classroom setting. Utilizing a rigorous and innovative personalized learning curriculum, Innovation Academy aims to develop critical thinking skills, problem-solving abilities, and a sense of imagination in its scholars, preparing them for success in the 21st century and beyond. The school is committed to fostering a collaborative culture and a healthy school climate, fostering personalized learning and igniting the power of imagination and creativity in its students. This collaborative effort between the school's staff, parents, and community ensures that every student becomes a critical thinker, problem solver, and agent of change. The academy currently employs 23 individuals, demonstrating its commitment to providing high-quality education and support to its students.
Official website here: www.innovationsta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Innovation Science & Technology Academy has received a solid rating of 81%, indicating a good level of accountability and financial management. The organization boasts a majority independent board, which enhances its governance and decision-making processes. With a program expense ratio of 82.44%, the academy demonstrates a strong commitment to directing funds toward its core mission and programs.
Strengths of the organization include its high scores in various governance and policy areas, such as having a conflict of interest policy and a whistleblower policy in place. The board is composed entirely of independent members, reinforcing transparency and integrity within the organization. Additionally, the academy has effectively implemented oversight measures, such as having an audit and oversight committee.
While the rating reflects positively on the organization's structure and financial health, the three-star rating suggests there is still room for improvement. Continuous efforts to enhance financial practices and increase program impact could help elevate the academy's standing in future evaluations. Overall, the Innovation Science & Technology Academy demonstrates a commitment to responsible management and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Innovation Science & Technology Academy legitimate?
Innovation Science & Technology Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Science & Technology 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: $127,178
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,496
For more financial information, click here
Official website here: www.innovationsta.org
What is the mission statement of Innovation Science & Technology Academy?
Innovation Science & Technology Academy's mission is centered around fostering innovative minds in students. Using a forward-thinking curriculum, the academy collaborates with teachers, parents, and the community to nurture talented students. This collaborative environment and healthy school climate promote personalized learning, encouraging the development of critical thinking, problem-solving skills, and a sense of agency in students. The academy's approach also seeks to ignite creativity and imagination in students, turning them into agents of change.
Official website here: www.innovationsta.org
Who is the CEO of Innovation Science & Technology Academy?
Dr Omotoke Olatoye is the Secretary/Teacher of Innovation Science & Technology Academy.
Official website here: www.innovationsta.org
What is the revenue of Innovation Science & Technology Academy?
Innovation Science & Technology Academy's revenue in 2022 was $1,194,518.
Official website here: www.innovationsta.org
Who are the executives of Innovation Science & Technology Academy and what are their salaries?
The average compensation at Innovation Science & Technology Academy during 2022 was $22,203. There are 23 employees and 6 volunteers at Innovation Science & Technology Academy.
Here are 9 key members and their salaries:
- Compensation: $47,600
- Related: $0
- Other: $3,926
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- Other: $0
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- Other: $0
- Compensation: $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
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- Other: $0
- Compensation: $80,584
- Related: $0
- Other: $13,147
Official website here: www.innovationsta.org
Where can I find the form 990 for Innovation Science & Technology Academy?
Innovation Science & Technology Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovationsta.org
Learn more at the official website: www.innovationsta.org
Mission Statement of Innovation Science & Technology Academy
Innovation Science & Technology Academy, a charter school, is committed to nurturing talented student innovators. Their mission is achieved through a collaborative effort involving staff, parents, and the community. Utilizing a cutting-edge curriculum, the academy encourages a culture of collaboration and fosters a healthy school climate. This environment supports personalized learning, igniting the power of imagination and creativity in students. As a result, students develop into critical thinkers, problem solvers, and agents of change. The collaborative approach at Innovation Science & Technology Academy equips its students with the necessary skills to navigate the complexities of the modern world and contribute positively to society.
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Impact
July, 2024
The Innovation Science & Technology Academy's impact lies in developing globally conscious student innovators through a STEM-focused, high-quality charter school experience. By nurturing critical thinking skills, problem-solving abilities, and a strong sense of imagination, the academy equips scholars with the necessary tools to thrive in the 21st century and beyond. Through a collaborative approach involving staff, parents, and the community, the academy fosters a personalized learning environment that ignites creativity and empowers students to become agents of change.
This information is meant to be a general summary of Innovation Science & Technology 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.
- Investment Income: $49
- Gross Receipts: $1,194,518
Assets and Liabilities:
- Total Assets: $770,109
- Total Liabilities: $745,032
- Net Assets: $25,077
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Organization Details
Founding Year
2019
Phone
(763) 339-0642Principal Officer
Dr Omotoke Olatoye
Main Address
6717 85TH AVE N, BROOKLYN PARK, MN, 55445
Website
www.innovationsta.orgNTEE Category
Code: B29 - Education
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