Overview
What is Westlake Academy Foundation?
The Westlake Academy Foundation is a nonprofit organization based in Westlake, Texas. Its primary mission is to offer financial support to Westlake Academy, aiming to foster academic excellence and produce globally-minded, responsible lifelong learners. The foundation has funded various initiatives outside of the annual budget, including new curriculum programs, classroom projects, new equipment, retention/recruitment incentives, smartboards, and professional development/training. These grants contribute to enriching the educational experience and resources available at the academy.
Official website here: www.westlakeacademyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 84%, Three-Star out of Four Star rating.
The Westlake Academy Foundation has received a favorable Three-Star rating based on its strong accountability and finance practices. The organization scored particularly well in various categories, such as having a fully independent board and effective audit oversight, indicating a commitment to transparency and sound financial management. With a program expense ratio of 95.59%, the foundation demonstrates a high level of funds directed towards its mission.
However, there are notable limitations in the foundation's governance policies. Both the conflict of interest and whistleblower policies are missing, which could raise concerns about potential risks in governance practices. Furthermore, while the organization has maintained good financial oversight, the absence of these policies suggests areas for improvement in organizational integrity and stakeholder trust.
Overall, the Westlake Academy Foundation shows a solid commitment to financial responsibility and accountability, but addressing the gaps in its governance policies could further enhance its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Westlake Academy Foundation legitimate?
Westlake Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westlake Academy Foundation 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.
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Official website here: www.westlakeacademyfoundation.org
What is the mission statement of Westlake Academy Foundation?
The Westlake Academy Foundation's mission is to financially support the Westlake Academy in its pursuit of academic excellence, aiming to develop responsible, globally-minded lifelong learners. Specifically, the foundation aims to provide students with a high-quality education that fosters balance and respect, encouraging a lifelong love for learning. To achieve this, the foundation provides funding for initiatives and activities beyond the annual budget, supporting new curriculum programs, classroom projects, equipment, and professional development. Additionally, grants are awarded for retention and recruitment incentives, smartboards, and various educational programs.
Official website here: www.westlakeacademyfoundation.org
Who is the CEO of Westlake Academy Foundation?
Dr Shelly Myers is the Executive Director of Westlake Academy Foundation.
Official website here: www.westlakeacademyfoundation.org
What is the revenue of Westlake Academy Foundation?
Westlake Academy Foundation's revenue in 2022 was $2,338,496.
Official website here: www.westlakeacademyfoundation.org
Who are the executives of Westlake Academy Foundation and what are their salaries?
There 90 volunteers at Westlake Academy Foundation.
Here are 13 key members and their salaries:
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Official website here: www.westlakeacademyfoundation.org
Where can I find the form 990 for Westlake Academy Foundation?
Westlake Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westlakeacademyfoundation.org
Learn more at the official website: www.westlakeacademyfoundation.org
Mission Statement of Westlake Academy Foundation
Westlake Academy Foundation's mission is centered around providing financial support to Westlake Academy, with the ultimate goal of helping the institution achieve academic excellence. The foundation aims to develop students into responsible, globally-minded, lifelong learners. To achieve this, Westlake Academy Foundation funds initiatives and activities that go beyond the academy's annual budget. This support includes funding for new curriculum programs, classroom projects, and equipment, as well as incentives to retain and recruit talented teachers. Furthermore, the foundation invests in professional development and training for the faculty, ensuring they stay updated with the latest teaching methods and technologies. Westlake Academy Foundation's mission is instrumental in providing Westlake Academy's students with an internationally-minded education of the highest quality, fostering well-balanced and respectful individuals who continue learning throughout their lives.
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Impact
October, 2024
Westlake Academy Foundation plays a crucial role in enhancing the educational experience at Westlake Academy by providing essential financial resources that support academic excellence. This organization funds initiatives that extend beyond the school's annual budget, enabling the implementation of innovative curriculum programs, vital classroom projects, and the acquisition of modern equipment such as Smartboards.
Additionally, the Foundation contributes to the recruitment and retention of top-tier educators by offering incentives and professional development opportunities. Through these efforts, Westlake Academy Foundation ensures that students receive a well-rounded, internationally-minded education that prepares them to be respectful and responsible lifelong learners. The Foundation's impact is tangible, fostering an enriched learning environment that empowers students and educators alike.
This information is meant to be a general summary of Westlake Academy Foundation. 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: $177,195
- Program Service Revenue: $1,159,868
- Gross Receipts: $2,752,101
Assets and Liabilities:
- Total Assets: $2,748,901
- Total Liabilities: $6,895
- Net Assets: $2,742,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLACKSMITH ANNUAL PROG
Revenue
$1,159,868
Organization Details
Founding Year
2003
Phone
(817) 490-5722Principal Officer
Dr Shelly Myers
Main Address
2600 JT OTTINGER ROAD, WESTLAKE, TX, 76262
NTEE Category
Code: B80 - Education
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