Overview
What is Romero Academy?
Romero Academy is a nonprofit institution situated in Cincinnati, Ohio, with a focus on empowering students from kindergarten to grade seven. The organization collaborates with families to nurture future scholars and saints, fostering intellectual growth, shaping character, and encouraging faith in each student. Romero Academy aims to equip its graduates with the virtues, knowledge, and academic skills needed to excel in prestigious college preparatory high schools, universities, and beyond. The organization boasts impressive results, with 77% of children showing growth in mathematics and 78% in reading. Additionally, student proficiency has improved by 150%, and all teachers were retained, reflecting the dedication and effectiveness of its educational approach.
Official website here: www.romeroacademies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Romero Academy has received a Three-Star rating from Charity Navigator, indicating a reasonably good level of accountability and financial health. The organization scored 100% for having an independent board and received full marks for its financial statements audit and absence of material diversion of assets. These strengths suggest that the academy is well-governed and operates with transparency.
However, the organization has a program expense ratio of 54.49%, which may indicate areas where more funds could be allocated directly towards programs rather than administrative or fundraising expenses. This score is relatively low compared to the ideal benchmark, suggesting potential room for improvement in prioritizing programmatic spending.
Overall, while Romero Academy demonstrates strong governance and accountability practices, the program expense ratio raises some questions about its efficiency in channeling resources towards its mission. Continuous efforts to enhance program funding could further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Romero Academy legitimate?
Romero Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Romero 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: $142,657
Professional Fundraising Fees: $0
Other Salaries and Wages: $472,894
For more financial information, click here
Official website here: www.romeroacademies.org
What is the mission statement of Romero Academy?
Romero Academy's mission is centered around partnering with families to foster future saints by nurturing the intellectual, moral, and spiritual development of each student. The academy aims to equip students with the virtue, knowledge, and academic skills necessary to excel in a selective college preparatory high school, college, and beyond. The curriculum at Romero Academy, which includes PK-7 grade elementary school programming, is designed to foster the growth of students, with 77% and 78% of children making significant progress in mathematics and reading respectively. Teacher retention is also high, with 100% of teachers being retained. The academic program's success is reflected in a 150% improvement in student proficiency.
Official website here: www.romeroacademies.org
Who is the CEO of Romero Academy?
Dan Peters is the Principal Officer of Romero Academy.
Official website here: www.romeroacademies.org
What is the revenue of Romero Academy?
Romero Academy's revenue in 2022 was $1,437,512.
Official website here: www.romeroacademies.org
Who are the executives of Romero Academy and what are their salaries?
There 12 volunteers at Romero Academy.
Here are 5 key members and their salaries:
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Official website here: www.romeroacademies.org
Where can I find the form 990 for Romero Academy?
Romero Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.romeroacademies.org
Learn more at the official website: www.romeroacademies.org
Mission Statement of Romero Academy
Romero Academy, a nonprofit organization, partners with families to nurture future saints by fostering intellectual development, shaping character, and engaging faith in each student. The academy's primary objective is to equip students with the virtues, knowledge, and academic skills necessary to excel in a selective college-preparatory high school, further education, and beyond.
By collaborating with families, Romero Academy aims to create well-rounded individuals who embody strong moral values, deep-seated knowledge, and exceptional academic abilities. The institution's mission revolves around shaping students into scholars who can thrive in their educational journeys, ultimately achieving success in their future endeavors.
Through its elementary school programming, Romero Academy focuses on developing intellect, character, and faith in its students. The organization's commitment to academic excellence is evident in its accomplishments, with 77% of the children served demonstrating at least one year of growth in mathematics and 78% displaying similar progress in reading. Moreover, student proficiency has improved by an impressive 150%, and the academy boasts an impressive retention rate of 100% for its teachers. Romero Academy's mission to form future saints and scholars is a testament to its dedication to fostering holistic development in its students.
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Impact
July, 2024
Romero Academy's impact is significant in the education sector. By partnering with families to form future saints and scholars, Romero Academy focuses on developing the intellect, forming character, and engaging faith in each student. The organization's elementary school programming has shown impressive results, with 77% of children served making one or more years of growth in mathematics and 78% in reading. Student proficiency has improved by 150%, and the retention rate of teachers stands at 100%. This demonstrates a clear commitment to academic excellence and holistic development.
This information is meant to be a general summary of Romero 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.
- Program Service Revenue: $709,192
- Gross Receipts: $1,437,512
Assets and Liabilities:
- Total Assets: $684,539
- Total Liabilities: $361,365
- Net Assets: $323,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE VOUCHER PROGRAM
Revenue
$709,192
Organization Details
Founding Year
2019
Phone
(513) 461-2044Principal Officer
Dan Peters
Main Address
1935 CRANE AVE, CINCINNATI, OH, 45207
Website
www.romeroacademies.orgNTEE Category
Code: B24 - Education
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