Overview
What is Classically Formed Inc?
Classically Formed Inc, headquartered in Tulsa, Oklahoma, operates as a nonprofit organization with a focus on educational services. Specifically, it manages a charter school that provides a classical education, catering to students' academic growth in an engaging and comprehensive manner. With its primary location at PO Box 35772, the organization remains committed to delivering quality education, contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Classically Formed Inc has received a One-Star rating from Charity Navigator, indicating significant areas for improvement in its financial management and accountability practices. The organization's overall score is derived solely from its Accountability & Finance metrics, which currently stand at 54%. Although the nonprofit showcases strengths in governance, such as having an independent board and established policies for conflicts of interest and whistleblower protection, it struggles with financial ratios that are critical for sustainability.
The organization earns full points for its independent board composition and policies related to ethical governance. However, it fails to meet expectations in its financial metrics, particularly with a liabilities to assets ratio of 43.87%, which reflects potential financial instability. Additionally, the program expense ratio at 43.11% indicates that less than half of the organization's expenses are directed towards its programs, raising concerns about the effectiveness and impact of its operations.
In summary, while Classically Formed Inc demonstrates a commitment to transparency and governance, its financial health and program funding raise red flags. Stakeholders may want to consider these factors when assessing their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Classically Formed Inc legitimate?
Classically Formed Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Classically Formed 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,921
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What is the mission statement of Classically Formed Inc?
Classically Formed Inc is committed to the operation of a charter school that provides a classical education. Their mission is centered around delivering this type of education to students. By operating a charter school, Classically Formed Inc aims to contribute to the educational landscape, offering a unique learning experience based on classical teachings. The school's operations are focused on providing a comprehensive classical education to its students, thereby preparing them for various aspects of life. The organization's primary goal is to make a difference in the educational field by offering a classical education approach.
Who is the CEO of Classically Formed Inc?
Nathan Phelps is the President of Classically Formed Inc.
What is the revenue of Classically Formed Inc?
Classically Formed Inc's revenue in 2022 was $561,283.
Who are the executives of Classically Formed Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Classically Formed Inc?
Classically Formed Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Classically Formed Inc
Classically Formed Inc, a nonprofit organization, is dedicated to the operation of a charter school. Their mission is centered around providing a classical education. This educational approach emphasizes the study of timeless works of literature, mathematics, science, and history, aiming to instill in students a deep understanding of the humanities and critical thinking skills. By operating a charter school, Classically Formed Inc seeks to contribute to the education system, offering an alternative approach to traditional learning that prioritizes the classical tradition.
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Impact
July, 2024
Classically Formed Inc's impact lies in providing a classical education to students through the operation of a charter school in Tulsa, Oklahoma. By offering this unique educational approach, Classically Formed Inc is shaping the intellectual and character development of young individuals in their community. The school's focus on classical education is aimed at fostering critical thinking, strong communication skills, and a deep appreciation for learning that extends beyond the classroom. Through their mission, Classically Formed Inc is contributing to the educational landscape and preparing students for success in the modern world.
This information is meant to be a general summary of Classically Formed 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $561,283
Assets and Liabilities:
- Total Assets: $487,940
- Total Liabilities: $0
- Net Assets: $487,940
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Organization Details
Founding Year
2020
Principal Officer
Nathan Phelps
Main Address
PO BOX 35772, Tulsa, OK, 74153
NTEE Category
Code: B29 - Education
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