Overview
What is Belmont Academy?
Belmont Academy is a Portland, Oregon-based educational institution, specifically catering to nursery, preschool, and kindergarten age groups. The organization's primary objective is to deliver exceptional education while keeping costs affordable for families. This mission is central to their daily operations, ensuring that children in their care receive a high-quality education at a price that is accessible to various economic backgrounds.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (Needs Improvement, 71%)
Belmont Academy has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization is in need of improvement. While it scored well on accountability and finance, achieving a perfect score in that category, it fell short in several key areas related to transparency and governance, particularly in financial reporting.
The organization boasts a strong majority of independent board members, with 75% of its board being independent, which suggests a commitment to effective oversight. However, it lacks essential policies such as a whistleblower policy and document retention policy, which are critical for transparency and accountability. Furthermore, the absence of financial statements and the tax form on the nonprofit’s website raises concerns about the organization's openness to its stakeholders.
Despite these issues, Belmont Academy demonstrates a commendable program expense ratio of 100%, showing that all its expenses are dedicated to programs. This focus on program spending is a positive aspect, but the overall lack of financial documentation and certain policies limits the organization's rating and could impact public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Academy legitimate?
Belmont Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont 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: $64,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $666,685
For more financial information, click here
What is the mission statement of Belmont Academy?
Belmont Academy's mission revolves around providing top-notch education at an affordable cost. This mission statement underscores their commitment to making quality education accessible to all, ensuring that every student can benefit from their educational offerings without facing excessive financial burden. The institution strives to uphold high educational standards while maintaining a reasonable pricing structure. This approach allows more families to invest in their children's education, fostering a diverse and inclusive learning community.
Who is the CEO of Belmont Academy?
Hollie Kissler is the Executive Director of Belmont Academy.
What is the revenue of Belmont Academy?
Belmont Academy's revenue in 2023 was $1,325,024.
Who are the executives of Belmont Academy and what are their salaries?
The average compensation at Belmont Academy during 2023 was $20,900. There are 35 employees at Belmont Academy.
Here are 6 key members and their salaries:
- Compensation: $64,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Belmont Academy?
Belmont Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Belmont Academy
Belmont Academy, as a nursery, preschool, or kindergarten institution, is committed to delivering top-notch education at an affordable cost. Their mission, in essence, is to make quality education accessible to all, ensuring it remains within reach for families without compromising on the standard of learning. By adhering to this mission, Belmont Academy strives to provide an educational environment that fosters growth and development, ensuring each child receives an education that is both valuable and reasonably priced.
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Impact
July, 2024
Belmont Academy's impact lies in providing excellent education at a reasonable price to children in Portland, OR. By focusing on delivering high-quality education that is affordable, Belmont Academy is ensuring that more children have access to a strong foundation for their academic development. This impact not only benefits the individual students but also has a broader positive effect on the community by contributing to a well-educated and prepared future generation.
This information is meant to be a general summary of Belmont 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 2023.
- Investment Income: $237
- Program Service Revenue: $1,258,522
- Gross Receipts: $1,325,024
Assets and Liabilities:
- Total Assets: $513,617
- Total Liabilities: $23,919
- Net Assets: $489,698
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,253,933
WAITLIST
Revenue
$4,589
Organization Details
Founding Year
1973
Principal Officer
Hollie Kissler
Main Address
3841 SE BELMONT ST, PORTLAND, OR, 97214
NTEE Category
Code: B21Z - Education
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