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Foundation Academy Incorporated

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

EIN: 260675871 ✦ Mansfield, OH ✦ Designated as a 501(c)(3)

Overview

What is Foundation Academy Incorporated?

Foundation Academy Incorporated is a nonprofit organization situated in Mansfield, Ohio, specifically at 1050 Wyandotte Ave. Their primary mission is to offer educational choices to students and their families in the local community. The organization primarily focuses on providing instructional services to students in grades K-8. For the 2021-2022 school year, they have allocated resources towards instructional materials and other related expenses. According to their Articles of Incorporation, they were established to operate a charter school within the state of Ohio, benefiting the community's children. They are structured under the guidelines of IRC 501c3.


Official website here: www.foundationacad.org

Is Foundation Academy Incorporated legitimate?

Foundation Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Academy Incorporated 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,139,591

For more financial information, click here


Official website here: www.foundationacad.org

What is the mission statement of Foundation Academy Incorporated?

Foundation Academy Incorporated was established with the purpose of setting up and managing a charter school in compliance with Ohio law. Their primary objective, as stated in their Articles of Incorporation, is to offer educational opportunities to students and their families in grades K-8. The organization is also permitted to engage in additional activities that are consistent with the guidelines of IRC 501c3, which pertains to non-profit organizations. In essence, Foundation Academy Incorporated is dedicated to providing a charter school education to the community's children while adhering to relevant legal and non-profit standards.


Official website here: www.foundationacad.org

Who is the CEO of Foundation Academy Incorporated?

C David Massa is the Board Member of Foundation Academy Incorporated.


Official website here: www.foundationacad.org

What is the revenue of Foundation Academy Incorporated?

Foundation Academy Incorporated's revenue in 2022 was $7,179,260.


Official website here: www.foundationacad.org

Who are the executives of Foundation Academy Incorporated and what are their salaries?

Here are 9 key members and their salaries:

    Michael Howard (Board Member) [Trustee/Director]
  • Compensation: $1,375
  • Related: $0
  • Other: $0

    • Adriana Miranda (Board Member) [Trustee/Director]
  • Compensation: $1,250
  • Related: $0
  • Other: $0

    • Ed Corley (Board Member) [Trustee/Director]
  • Compensation: $1,125
  • Related: $0
  • Other: $0

    • Dr Tom Gregory (Board Member) [Trustee/Director]
  • Compensation: $1,000
  • Related: $0
  • Other: $0

    • Sherry Branham (Board Member) [Trustee/Director]
  • Compensation: $1,000
  • Related: $0
  • Other: $0

    • Sam Weiler (Board Member) [Trustee/Director]
  • Compensation: $1,000
  • Related: $0
  • Other: $0

    • Susan Lehr (Board Member) [Trustee/Director]
  • Compensation: $625
  • Related: $0
  • Other: $0

    • Ed Olson (Board Member) [Trustee/Director]
  • Compensation: $250
  • Related: $0
  • Other: $0

    • Alex Rocks (Board Member) [Trustee/Director]
  • Compensation: $125
  • Related: $0
  • Other: $0


  • Official website here: www.foundationacad.org

    Where can I find the form 990 for Foundation Academy Incorporated?

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


    Official website here: www.foundationacad.org

    Learn more at the official website: www.foundationacad.org

    Mission Statement of Foundation Academy Incorporated

    Foundation Academy Incorporated, as per its Articles of Incorporation, was established with the primary objective of providing educational opportunities to students and their families within the community. The organization primarily focuses on offering instructional services to students enrolled in grades K-8. Beyond this, the corporation is authorized to engage in any activities that further support its main purpose, adhering to the guidelines set out in Chapter 1702 of the Ohio Revised Code, and operating under the tax-exempt status of IRC 501c3. In essence, Foundation Academy Incorporated is committed to fostering an educational environment that benefits the local community, ensuring that children in the K-8 grade range have access to quality instructional services.

    Impact

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




    Thursday, August 15, 2024

    Foundation Academy Incorporated's impact is significant as it provides educational choice to students and families in the community, specifically those in grades K-8. By offering instructional services and materials for the school year, this organization plays a vital role in enhancing the educational opportunities available to children in Mansfield, Ohio. Through its mission to establish and operate a charter school for the benefit of local children, Foundation Academy Incorporated is contributing to the advancement of education and the empowerment of students within 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: $0
  • Program Service Revenue: $0
  • Gross Receipts: $7,179,260

    • Assets and Liabilities:
  • Total Assets: $10,358,646
  • Total Liabilities: $4,852,218
  • Net Assets: $5,506,428
  • Organization Details

    Founding Year

    2007

    Principal Officer

    C David Massa

    Main Address

    1050 Wyandotte Ave, Mansfield, OH, 44906

    NTEE Category

    Code: B29 - Education

    If you are a representative of Foundation Academy Incorporated and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.