Overview
What is Wgu Academy?
Wgu Academy is a nonprofit organization based in Salt Lake City, Utah, with approximately 90 employees. It started operating independently in January 2021 and was recommended for credit by the American Council on Education for its flagship course, the Program for Academic and Career Advancement (PACA). This course is now recognized as a 3-credit communications course that transfers to other institutions. Wgu Academy continues to offer its college readiness program to underserved populations, catering to various clients, including higher education, employer groups, and community organizations. The mission of Wgu Academy is to support the educational and charitable purposes of educational entities by engaging in research and development and providing programs and courses to enhance readiness for and success in postsecondary education.
Official website here: www.academy.wgu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating.
WGU Academy has received a Two-Star rating from Charity Navigator, indicating a need for improvement in organizational accountability and financial transparency. The score reflects a solid Program Expense Ratio of 83.10%, showcasing the nonprofit's commitment to directing funds towards its programs. However, the overall accountability score of 62 points highlights several areas of concern, particularly regarding board independence and financial management practices.
The organization displays some strengths, such as having a conflict of interest policy and a whistleblower policy in place, which are critical for maintaining ethical standards. However, the lack of independent board members (only 33% of the board is independent) raises concerns about governance. Additionally, the absence of a document retention policy and the failure to post key financial documents on its website could hinder transparency and public trust.
Overall, while WGU Academy is committed to using its resources effectively, it faces challenges in ensuring robust governance and accountability standards. Addressing these limitations could enhance its credibility and ultimately improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Wgu Academy legitimate?
Wgu Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wgu 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: $372,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,243,965
For more financial information, click here
Official website here: www.academy.wgu.edu
What is the mission statement of Wgu Academy?
Wgu Academy focuses on supporting the educational and charitable purposes of various entities by engaging in research and development, and providing programs and courses to enhance readiness and success in post-secondary education. The organization received credit recommendation for its flagship course, the Program for Academic and Career Advancement, which now transfers as a 3-credit communications course to other institutions. Wgu Academy continues to offer its college readiness program to underserved populations across various segments, including higher education, employer groups, and community groups. In the 2022 fiscal year, the academy had approximately 9,000 students. The mission of Wgu Academy is to improve educational opportunities and prepare individuals for success in higher education.
Official website here: www.academy.wgu.edu
Who is the CEO of Wgu Academy?
Chris Lee is the President (8/05/2021) of Wgu Academy.
Official website here: www.academy.wgu.edu
What is the revenue of Wgu Academy?
Wgu Academy's revenue in 2022 was $15,616,442.
Official website here: www.academy.wgu.edu
Who are the executives of Wgu Academy and what are their salaries?
The average compensation at Wgu Academy during 2022 was $62,400. There are 90 employees and 1 volunteer at Wgu Academy.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $1,804,900
- Other: $55,038
- Compensation: $330,635
- Related: $0
- Other: $28,289
- Compensation: $0
- Related: $229,298
- Other: $56,465
- Compensation: $0
- Related: $237,243
- Other: $34,200
- Compensation: $0
- Related: $212,804
- Other: $35,775
- Compensation: $0
- Related: $164,761
- Other: $35,914
- Compensation: $162,873
- Related: $0
- Other: $15,158
- Compensation: $121,447
- Related: $0
- Other: $29,036
- Compensation: $118,291
- Related: $0
- Other: $30,816
- Compensation: $128,546
- Related: $0
- Other: $12,236
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.academy.wgu.edu
Where can I find the form 990 for Wgu Academy?
Wgu Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.academy.wgu.edu
Learn more at the official website: www.academy.wgu.edu
Mission Statement of Wgu Academy
Wgu Academy, a separate company that began operations in January 2021, is dedicated to enhancing the educational and charitable purposes of various entities. Through research and development, and by offering programs and courses, Academy aims to boost readiness and success in post-secondary education for underserved populations.
The flagship program of Wgu Academy, the Program for Academic and Career Advancement (PACA), received credit recommendation from the American Council on Education (ACE). This 3-credit communications course is now transferrable to other institutions. The Academy continues to provide its college readiness program to a diverse range of clients, including higher education, employer groups, and community organizations. With approximately 9,000 students during FY22, the Academy is making a significant impact on improving educational opportunities.
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Impact
October, 2024
WGU Academy significantly impacts the educational landscape by providing essential resources for college readiness, particularly for underserved populations. Since its inception in January 2021, the Academy has focused on developing programs that enhance academic preparedness and facilitate successful transitions into postsecondary education.
The Program for Academic and Career Advancement (PACA) is a cornerstone offering, recognized by the American Council on Education (ACE) as a credible 3-credit communications course, which allows students to transfer credits to other institutions. This not only broadens access to education but also strengthens the academic foundation for many learners.
In FY22, WGU Academy served around 9,000 students, illustrating its reach and the demand for such vital educational programs. By collaborating with higher education institutions, employer groups, and community organizations, the Academy effectively addresses the diverse needs of its clientele, ensuring that students are better equipped for future successes. The commitment to improving readiness and outcomes in education underscores WGU Academy’s vital role in shaping educational pathways for many individuals.
This information is meant to be a general summary of Wgu 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: -$1,361
- Program Service Revenue: $7,033,221
- Gross Receipts: $15,618,634
Assets and Liabilities:
- Total Assets: $1,556,994
- Total Liabilities: $1,235,962
- Net Assets: $321,032
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS PROGRAM TUITION AND FEES - WGU ACADEMY
Revenue
$5,002,221
SERVICE FEES FROM WGU
Revenue
$2,031,000
Organization Details
Founding Year
2020
Phone
(888) 210-8880Principal Officer
Chris Lee
Main Address
4001 SOUTH 700 EAST Suite 700, SALT LAKE CITY, UT, 84107
Website
www.academy.wgu.eduNTEE Category
Code: B80 - Education
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