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Faith Academy

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

EIN: 823695813 ✦ Iowa city, IA ✦ Designated as a 501(c)(3)

Overview

What is Faith Academy?

Faith Academy is a nonprofit institution situated in Iowa City, Iowa, specifically at 1030 Cross Park Ave. Their primary focus is on offering a Christ-centered education to underprivileged students within the local community, catering to students from kindergarten to sixth grade. The academy has successfully supported over 82 students, with 74 of them achieving proficiency in reading skills. Faith Academy takes pride in graduating its students, as evidenced by the recent graduation of its third 6th grade class.


Official website here: www.faithacademyiowa.org/

Is Faith Academy legitimate?

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

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $640,230

For more financial information, click here


Official website here: www.faithacademyiowa.org/

What is the mission statement of Faith Academy?

Faith Academy's mission is centered around providing a Christ-focused educational experience to economically disadvantaged students in the Iowa City area. This is achieved through daily instruction. The academy's primary objective is to help these students excel, as evidenced by its success in improving reading proficiency for 74 of its over 82 K-6th grade students. Faith Academy is committed to its mission, having graduated its third class of sixth graders.


Official website here: www.faithacademyiowa.org/

Who is the CEO of Faith Academy?

Craig Welt is the Treasurer of Faith Academy.


Official website here: www.faithacademyiowa.org/

What is the revenue of Faith Academy?

Faith Academy's revenue in 2022 was $1,207,307.


Official website here: www.faithacademyiowa.org/

Who are the executives of Faith Academy and what are their salaries?

Here are 10 key members and their salaries:

    Richard Hoefer (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Welt (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Asprey (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jill Schlott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darice Keating (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brandi Radcliffe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monique Washington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Cynthia Ukah (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Fern (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.faithacademyiowa.org/

    Where can I find the form 990 for Faith Academy?

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


    Official website here: www.faithacademyiowa.org/

    Learn more at the official website: www.faithacademyiowa.org/

    Mission Statement of Faith Academy

    Faith Academy, a nonprofit organization, is committed to providing a Christ-centered education to low-income students residing in the Iowa City area. Through daily formal instruction, the academy aims to equip these students with the necessary knowledge and skills. The primary objective of Faith Academy is to assist 82 K-6th grade students, helping 74 of them to achieve proficiency in reading. The academy is proud to have graduated its third 6th grade class, demonstrating its dedication to providing quality education to its students.

    Impact

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




    Saturday, July 20, 2024

    Faith Academy's impact in Iowa City is significant as it provides a Christ-centered education to low-income students, helping to bridge educational gaps and empower young learners. With a focus on academic proficiency in reading, the academy has successfully supported over 82 students in grades K-6, with 74 students achieving proficiency in reading skills. Additionally, Faith Academy has graduated its third class of 6th graders, marking a milestone in its commitment to providing quality education to underserved communities. This dedication to nurturing young minds and promoting spiritual values sets Faith Academy apart as a beacon of hope and opportunity for students in Iowa City.





    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: $7,696
  • Program Service Revenue: $56,414
  • Gross Receipts: $1,207,307

    • Assets and Liabilities:
  • Total Assets: $604,933
  • Total Liabilities: $0
  • Net Assets: $604,933
  • Programs

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

    Academic Tutition

    Revenue

    $56,414

    Organization Details

    Founding Year

    2017

    Principal Officer

    Craig Welt

    Main Address

    1030 Cross Park Ave, Iowa City, IA, 52240

    NTEE Category

    Code: B24 - Education

    If you are a representative of Faith Academy 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.