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Lincoln Academy

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

EIN: 010219126 ✦ New castle, ME ✦ Designated as a 501(c)(3)

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Overview

What is Lincoln Academy?

Lincoln Academy is a town academy high school situated in New Castle, Maine, specifically at 81 Academy Hill Road. It serves as an option for schools in the region that offer school choice for their high school students. Beyond its local role, Lincoln Academy also provides domestic and international residential student programs, fostering a diverse learning environment. The institution's mission is centered around community, global vision, and abundance of opportunities. It encourages students to develop their skills, scholarship, and leadership qualities while promoting service towards others. With a dedicated workforce of 167 individuals, Lincoln Academy aims to prepare students for fulfilling lives.


Official website here: www.lincolnacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90% (Four-Star out of Four Star rating)

Lincoln Academy has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization’s overall score is largely derived from its high marks in various governance metrics, most notably its 100% independent board and effective financial oversight, indicating a transparent and accountable structure.

The organization demonstrates robust financial health with a low liabilities to assets ratio of 38.79%, which suggests a solid foundation for sustainability. Additionally, the program expense ratio of 65.31% indicates that a significant portion of resources is directed toward fulfilling its mission, although there is room for improvement in maximizing program expenses.

While Lincoln Academy exhibits excellent governance practices, including a whistleblower policy and conflict of interest policy, the program expense ratio suggests that there might be opportunities to enhance the impact of its programs further. Overall, the organization is well-positioned in terms of accountability, making it a reliable choice for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Lincoln Academy legitimate?

Lincoln Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln 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: $335,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,321,987

For more financial information, click here


Official website here: www.lincolnacademy.org

What is the mission statement of Lincoln Academy?

Lincoln Academy, a high school that offers school choice to local schools and also hosts domestic and international residential student programs, is committed to its mission of fostering growth in students. Grounded in a strong sense of community, a global perspective, and abundant opportunities, the academy challenges its students to enhance their skills and scholarly pursuits, serve others, and lead fulfilling lives. This mission encourages students to develop holistically, preparing them for meaningful contributions in their future endeavors.


Official website here: www.lincolnacademy.org

Who is the CEO of Lincoln Academy?

Wendy Corlett is the Head Of Scho of Lincoln Academy.


Official website here: www.lincolnacademy.org

What is the revenue of Lincoln Academy?

Lincoln Academy's revenue in 2022 was $10,154,906.


Official website here: www.lincolnacademy.org

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

The average compensation at Lincoln Academy during 2022 was $33,879. There are 167 employees and 4 volunteers at Lincoln Academy.


Here are 17 key members and their salaries:


Jeffrey Burroughs (Head Of Scho)
  • Compensation: $171,510
  • Related: $0
  • Other: $23,186
Wendy Corlett (Cfo)
  • Compensation: $100,033
  • Related: $0
  • Other: $13,545
Judi Hilton (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Anderson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Lutsk (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Masters (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Hufnagel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Starmer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Morgner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Faustine Reny (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugh Riddleberger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Allen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Manning (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Olson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Ormiston (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juliet Kelsey-Holmes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Ribiero (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lincolnacademy.org

Where can I find the form 990 for Lincoln Academy?

Lincoln Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lincolnacademy.org

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

Mission Statement of Lincoln Academy

Lincoln Academy, a town academy high school, is committed to fostering an environment that encourages growth in skills and scholarship, service to others, and the pursuit of fulfilling lives. Grounded in community values and with a global perspective, the academy provides ample opportunities for students. This mission is not just a statement, but a guiding principle that shapes the educational experience at Lincoln Academy. The institution serves schools in the region that offer school choice for their high school students, and it also accommodates domestic and international residential student programs. Lincoln Academy challenges its students to not only excel academically but also to contribute positively to their communities and lead meaningful lives.

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Impact




July, 2024

Lincoln Academy is a high school in New Castle, ME, that provides a unique and enriching educational experience for students in the region. Grounded in community, global in vision, and rich in opportunity, Lincoln Academy challenges all students to grow in skills and scholarship, serve others, and lead fulfilling lives. Through its diverse programs, including domestic and international residential student programs, Lincoln Academy equips students with the necessary tools and resources to succeed academically and personally. With its commitment to education and service, Lincoln Academy has a significant impact on shaping the future leaders of tomorrow.




This information is meant to be a general summary of Lincoln 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.

Revenue
$10,154,906 (2022)
Expenses
$11,836,064 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $194,540
  • Program Service Revenue: $9,312,829
  • Gross Receipts: $11,231,277

Assets and Liabilities:

  • Total Assets: $26,912,812
  • Total Liabilities: $10,449,554
  • Net Assets: $16,463,258

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Programs

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

TUITION AND FEES

Revenue

$9,015,763

CAFETERIA

Revenue

$297,066

Organization Details

Founding Year

1801

Principal Officer

Wendy Corlett

Main Address

81 ACADEMY HILL ROAD, NEW CASTLE, ME, 04553

NTEE Category

Code: B250 - Education

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