Overview
What is Lake Wales Charter Schools Inc?
Lake Wales Charter Schools Inc is a nonprofit organization based in Lake Wales, Florida, with a US address at 130 E Central Avenue, 33853. Their mission is to blend public education with innovation and choice, offering a coordinated system from kindergarten to post-secondary institutions. They serve an average of 4,963 students every year and provide a curriculum with various career paths and educational opportunities. These opportunities are supported by local businesses, offering partnerships, mentoring, and resources. Their goal is to instill a lifelong learning mindset in each child, encouraging constructive citizenship and personal happiness. The organization employs 685 individuals.
What are the reviews and ratings of this charity?
75% rating from Charity Navigator indicates that Lake Wales Charter Schools Inc has earned a Three-Star out of Four Star rating, primarily based on its Accountability & Finance performance. This rating reflects the organization's commitment to maintaining a responsible financial structure and practices.
The nonprofit demonstrates strong governance with 100% of its board members being independent, which contributes positively to its overall accountability. It has an excellent program expense ratio of 85.11%, indicating that a significant portion of its budget is directed towards its educational programs rather than administrative costs.
However, the organization has a concerning Liabilities to Assets ratio of 78.41%, which suggests potential financial vulnerability. While the charity excels in areas like board independence and financial oversight, addressing this liability issue may be crucial for its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Wales Charter Schools Inc legitimate?
Lake Wales Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Wales Charter Schools 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,630,254
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,080,878
For more financial information, click here
What is the mission statement of Lake Wales Charter Schools Inc?
Lake Wales Charter Schools Inc aims to deliver top-tier public education to its community by offering innovation and choices in learning from kindergarten through post-secondary institutions. The organization's mission is to help each child recognize the value of lifelong learning, constructive citizenship, and personal happiness. The curriculum will provide students with a range of career paths and educational opportunities, supported by local businesses through partnerships, mentoring, and resources. Lake Wales Charter Schools served an average of 4,963 students during the fiscal year ended in June 2022.
Who is the CEO of Lake Wales Charter Schools Inc?
Alricky Smith is the Superintendent Of Schools of Lake Wales Charter Schools Inc.
What is the revenue of Lake Wales Charter Schools Inc?
Lake Wales Charter Schools Inc's revenue in 2022 was $49,848,842.
Who are the executives of Lake Wales Charter Schools Inc and what are their salaries?
The average compensation at Lake Wales Charter Schools Inc during 2022 was $33,155. There are 685 employees and 177 volunteers at Lake Wales Charter Schools Inc.
Here are 15 key members and their salaries:
- Compensation: $171,068
- Related: $0
- Other: $42,407
- Compensation: $55,648
- Related: $0
- Other: $22,964
- Compensation: $49,052
- Related: $0
- Other: $20,586
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $128,682
- Related: $0
- Other: $17,299
- Compensation: $98,405
- Related: $0
- Other: $0
- Compensation: $122,729
- Related: $0
- Other: $36,484
- Compensation: $136,864
- Related: $0
- Other: $43,234
- Compensation: $115,620
- Related: $0
- Other: $34,844
- Compensation: $117,587
- Related: $0
- Other: $40,395
- Compensation: $100,631
- Related: $0
- Other: $14,163
Where can I find the form 990 for Lake Wales Charter Schools Inc?
Lake Wales Charter Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Wales Charter Schools Inc
Lake Wales Charter Schools Inc is a dynamic educational institution dedicated to delivering the best of public education within a continuous pre-school through post-secondary curriculum. Their mission is to empower each student with the benefits of lifelong learning, constructive citizenship, and personal happiness. Lake Wales Charter Schools offers a coordinated system that seamlessly integrates kindergarten through post-secondary education.
Through innovative partnerships with local businesses, Lake Wales Charter Schools provide students with a range of career paths and educational opportunities. These collaborations offer valuable support and mentoring, ensuring that students gain practical skills for their future. The curriculum is designed to cater to the individual needs of each student, fostering a love for learning and personal growth.
Lake Wales Charter Schools served an average of 4,963 students during the fiscal year ended June 30, 2022. By providing a choice-filled educational journey, these institutions aim to inspire students to explore their passions and reach their full potential. With a strong focus on preparing students for successful futures, Lake Wales Charter Schools Inc continues to make a positive impact on the lives of its students.
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Impact
August, 2024
Lake Wales Charter Schools Inc's impact is significant in providing a coordinated and seamless system for kindergarten through post-secondary institutions in Lake Wales, Florida. The organization's curriculum includes a choice of career paths and other educational opportunities that benefit from partnerships with local businesses, providing support and mentoring to students. During the fiscal year ended June 30, 2022, the schools served an average of 4,963 students, emphasizing the importance of innovation and choice within a continuous pre-school through post-secondary curriculum. Lake Wales Charter Schools Inc's mission is to bring the best of public education to the community, ensuring that each child recognizes the benefits of lifelong learning, constructive citizenship, and personal happiness.
This information is meant to be a general summary of Lake Wales Charter Schools Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,191
- Program Service Revenue: $35,500,325
- Gross Receipts: $49,848,842
Assets and Liabilities:
- Total Assets: $43,730,165
- Total Liabilities: $34,952,474
- Net Assets: $8,777,691
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PER PUPIL FEES
Revenue
$34,458,473
PRE-K FEES
Revenue
$568,793
STUDENT ACTIVITIES
Revenue
$358,492
TRANSPORTATION
Revenue
$114,567
Organization Details
Founding Year
2002
Phone
(863) 679-6560Principal Officer
Alricky Smith
Main Address
130 E CENTRAL AVENUE, LAKE WALES, FL, 33853
NTEE Category
Code: B29 - Education
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