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Precious Stones Academy Inc

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

EIN: 463383748 ✦ Houston, TX ✦ Designated as a 501(c)(3)

Overview

What is Precious Stones Academy Inc?

Precious Stones Academy Inc is a nonprofit organization that focuses on enriching the community by providing educational opportunities for children. Specifically, they offer after-school programs to 15 students, offering assistance with tutoring and homework, encouraging physical activity, and engaging in creative activities. During the summer, they collaborate with different companies to ensure onsite safety measures. Their 'Read by Five' program has proven to be a significant success, with evaluations showing that children entering school have reached a first-grade reading level. This program is an impactful addition to their mission of empowering the community through education.


Official website here: www.preciousstonesacad.com

Is Precious Stones Academy Inc legitimate?

Precious Stones Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious Stones 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: $115,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,685

For more financial information, click here


Official website here: www.preciousstonesacad.com

What is the mission statement of Precious Stones Academy Inc?

Precious Stones Academy Inc, through its mission, aims to empower the community by providing educational opportunities for children. The academy offers after-school programs, including tutoring and homework assistance, physical activities, and creative sessions to cater to 15 children. During the summer, the academy collaborates with various companies to ensure on-site safety measures. The 'Read by Five' program, a significant addition, has proven successful and influential, as children entering school are now reading at a first-grade level.


Official website here: www.preciousstonesacad.com

Who is the CEO of Precious Stones Academy Inc?

Lionel Parker Jr 3 Officer is the Secretary of Precious Stones Academy Inc.


Official website here: www.preciousstonesacad.com

What is the revenue of Precious Stones Academy Inc?

Precious Stones Academy Inc's revenue in 2022 was $779,568.


Official website here: www.preciousstonesacad.com

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

The average compensation at Precious Stones Academy Inc during 2022 was $14,493. There are 13 employees and 10 volunteers at Precious Stones Academy Inc.

Here are 3 key members and their salaries:

    Anetta Parker (Secretary)
  • Compensation: $77,845
  • Related: $0
  • Other: $0

    • Lionel Parker Jr (President)
  • Compensation: $37,876
  • Related: $0
  • Other: $0

    • Clint Douglas (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.preciousstonesacad.com

    Where can I find the form 990 for Precious Stones Academy Inc?

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


    Official website here: www.preciousstonesacad.com

    Learn more at the official website: www.preciousstonesacad.com

    Mission Statement of Precious Stones Academy Inc

    Precious Stones Academy Inc, a nonprofit organization, strives to uplift the community by focusing on the education of children. Its primary mission is to empower the youth, providing them with essential tools and opportunities for growth. The academy accomplishes this through various afterschool programs that cater to 15 children, offering tutoring and homework assistance, engaging physical activities, and stimulating creative pursuits. During the summer months, Precious Stones Academy Inc collaborates with various companies, ensuring proper safety measures are in place for the children.

    One of the academy's most successful and impactful initiatives is the 'Read by Five' program. This program has proven to be highly effective, with recent evaluations revealing that children who participate enter elementary school already reading at a first-grade level. This significant achievement underscores the academy's commitment to fostering a strong educational foundation for the children it serves, thereby setting them up for future success in their academic journeys. By providing these essential resources and opportunities for growth, Precious Stones Academy Inc plays a vital role in empowering the community and shaping the futures of its young residents.

    Impact

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




    Saturday, July 20, 2024

    Precious Stones Academy Inc empowers the community by educating children in Houston, Texas. They provide afterschool programs to 15 children, offering tutoring, homework assistance, physical play, and other creative activities. In the summer, the program partners with various companies to provide onsite safety measures. The Read by Five program has been successful, with evaluations showing that children entering school are reading at a first-grade level. This organization's impact is evident in the educational growth and development of the children they serve, setting them up for success in their academic careers.





    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: $238,949
  • Gross Receipts: $779,568

    • Assets and Liabilities:
  • Total Assets: $653,281
  • Total Liabilities: $3,357
  • Net Assets: $649,924
  • Programs

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

    CHILDCARE

    Revenue

    $238,949

    Organization Details

    Founding Year

    2013

    Principal Officer

    Lionel Parker Jr 3 Officer

    Main Address

    7518 EAST MOUNT HOUSTON RD, Houston, TX, 77050

    NTEE Category

    Code: X20 - Religion related

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