Overview
What is Panacea Prep Charter School Inc?
Panacea Prep Charter School Inc, located in Coral Springs, Florida, is a nonprofit organization that primarily focuses on operating an elementary school. With around 85 students, they provide educational services to children in kindergarten through fifth grade. Their mission is to foster character development and academic growth, aiming to help each student realize their aspirations for the future. The school's activities revolve around delivering high-quality educational services.
Official website here: www.panaceaprep.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Panacea Prep Charter School Inc has achieved an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating reflects a strong emphasis on financial management, as evidenced by its perfect scores in several categories, such as having a majority of independent board members and a fully compliant conflict of interest policy. The nonprofit also effectively demonstrates transparency by listing its financial statements and maintaining thorough documentation of board meeting minutes.
Strengths of the organization include a high program expense ratio of 92.75%, suggesting that a significant portion of its resources is directed towards its educational programs. Additionally, the absence of material diversion of assets indicates that funds are being used appropriately for the intended purposes. These factors contribute positively to the overall trustworthiness of the organization.
However, there is a notable concern with the organization's liabilities to assets ratio, which scored poorly at 99.83%. This could indicate potential financial risks that may impact its long-term sustainability. Overall, while Panacea Prep Charter School Inc demonstrates commendable practices in several key areas, attention to financial liabilities may be necessary to ensure continued effectiveness and stability.
This AI summary has been generated from information found on Charity Navigator.
Is Panacea Prep Charter School Inc legitimate?
Panacea Prep Charter School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Panacea Prep Charter School 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: $458,240
For more financial information, click here
Official website here: www.panaceaprep.org/
What is the mission statement of Panacea Prep Charter School Inc?
Panacea Prep Charter School Inc's mission is centered around nurturing the growth of character and knowledge in students from kindergarten to fifth grade. The school's objective is to help these children envision and realize their future aspirations. In essence, the school operates with the aim of providing educational services that contribute to the overall development of its students.
Official website here: www.panaceaprep.org/
Who is the CEO of Panacea Prep Charter School Inc?
George Simpson is the Secretary of Panacea Prep Charter School Inc.
Official website here: www.panaceaprep.org/
What is the revenue of Panacea Prep Charter School Inc?
Panacea Prep Charter School Inc's revenue in 2022 was $746,707.
Official website here: www.panaceaprep.org/
Who are the executives of Panacea Prep Charter School Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.panaceaprep.org/
Where can I find the form 990 for Panacea Prep Charter School Inc?
Panacea Prep Charter School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.panaceaprep.org/
Learn more at the official website: www.panaceaprep.org/
Mission Statement of Panacea Prep Charter School Inc
Panacea Prep Charter School Inc is dedicated to providing educational services to students in kindergarten through fifth grade. Their mission is multi-faceted, aiming to foster the growth of character and knowledge in their students. This mission is geared towards helping children envision and achieve their dreams for the future. In essence, Panacea Prep Charter School Inc strives to equip its students with the necessary tools and mindset to shape their futures successfully.
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Impact
July, 2024
Panacea Prep Charter School Inc's impact is seen in the lives of the students it serves in kindergarten through fifth grade in Coral Springs, Florida. By operating an elementary school with around 85 students, the school is dedicated to growing character and knowledge in its students, helping them achieve their dreams for the future. Through its focus on education, Panacea Prep Charter School Inc plays a vital role in shaping and equipping the next generation of leaders and contributing to the overall well-being of the community.
This information is meant to be a general summary of Panacea Prep Charter School 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.
- Program Service Revenue: $16,357
- Gross Receipts: $746,707
Assets and Liabilities:
- Total Assets: $221,242
- Total Liabilities: $176,458
- Net Assets: $44,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Miscellaneous
Revenue
$5,765
Uniforms
Revenue
$5,482
Aftercare
Revenue
$5,110
Organization Details
Founding Year
2012
Phone
(954) 344-7144Principal Officer
George Simpson
Main Address
201 N University Dr, Coral Springs, FL, 33071
Website
www.panaceaprep.org/NTEE Category
Code: B24 - Education
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