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Palm Academy Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205949060 ✦ Fremont, CA ✦ Designated as a 501(c)(3)

Overview

What is Palm Academy Inc?

Palm Academy Inc, a nonprofit organization, is dedicated to enhancing the education of minor children. Their mission is to provide a superior learning environment, supported by educational programs and charitable contributions. The academy strives to make a positive impact on the lives of young learners, working tirelessly to improve their educational prospects. Palm Academy Inc's activities encompass offering educational resources and making donations to further this goal.


Official website here: www.palmacademy.com/

Is Palm Academy Inc legitimate?

Palm Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Academy 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.

Here are some key statistics you may want to consider:

Executive Compensation: $26,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $503,499

For more financial information, click here


Official website here: www.palmacademy.com/

What is the mission statement of Palm Academy Inc?

Palm Academy Inc, as a school, is committed to providing a superior education for minor children. This is accomplished through its mission, which includes offering both educational programs and donation initiatives. The academy's primary objective is to enhance the educational experience for young learners, striving to ensure they receive the best possible education.


Official website here: www.palmacademy.com/

Who is the CEO of Palm Academy Inc?

Ruth Yong is the President of Palm Academy Inc.


Official website here: www.palmacademy.com/

What is the revenue of Palm Academy Inc?

Palm Academy Inc's revenue in 2022 was $1,141,110.


Official website here: www.palmacademy.com/

Who are the executives of Palm Academy Inc and what are their salaries?

The average compensation at Palm Academy Inc during 2022 was $23,033. There are 23 employees at Palm Academy Inc.

Here are 6 key members and their salaries:

    Ruth Yong (President) [Trustee/Director]
  • Compensation: $26,250
  • Related: $0
  • Other: $0

    • Connie Kwan (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debbie Lau (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Grace Lau (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Abraham Jou (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel Lo (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.palmacademy.com/

    Where can I find the form 990 for Palm Academy Inc?

    The Palm Academy Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.palmacademy.com/

    Learn more at the official website: www.palmacademy.com/

    Mission Statement of Palm Academy Inc

    Palm Academy Inc, a nonprofit organization, is dedicated to enhancing the educational opportunities for minor children. Through its mission, Palm Academy provides both educational programs and donations to ensure a better future for these children. The academy's primary goal is to improve the educational landscape for minor children, striving to make a significant impact in their lives.

    Impact

    This information is meant to be a general summary of Palm Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Palm Academy Inc's impact is felt through the provision of a better education for minor children in the city of Fremont, CA. Through its education and donations programs, Palm Academy strives to fulfill its mission of providing quality education to children in need. By focusing on the betterment of young minds, Palm Academy is contributing to the development of future generations and creating a positive impact on the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,617
  • Program Service Revenue: $1,135,493
  • Gross Receipts: $1,141,110

    • Assets and Liabilities:
  • Total Assets: $1,505,649
  • Total Liabilities: $184,341
  • Net Assets: $1,321,308
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TUITION

    Revenue

    $1,135,493

    Organization Details

    Founding Year

    2007

    Principal Officer

    Ruth Yong

    Main Address

    2856 WASHINGTON BLVD, FREMONT, CA, 94539

    NTEE Category

    Code: B21 - Education

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