Overview
What is Lighthouse Academies Inc?
Lighthouse Academies Inc. is a nonprofit organization based in Land O' Lakes, Florida. It operates a network of nine innovative charter schools in areas with significant challenges, providing a nurturing and rigorous environment to inspire young scholars, many of whom have overcome generational poverty. The mission of Lighthouse Academies is to promote educational equity, preparing its scholars for successful college, careers, and future endeavors. With a dedicated workforce of 12 individuals, the organization strives to ensure each scholar thrives and achieves their goals despite the obstacles they may face.
Official website here: www.lha.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Lighthouse Academies Inc has achieved an 89% score, indicating a strong performance in Accountability & Finance. The organization boasts a fully independent board comprising 87% independent members, with a good governance structure reflected in its whistleblower, conflict of interest, and document retention policies. The organization also has no material diversion of assets, which is a positive sign of financial integrity.
The program expense ratio stands at 63.73%, suggesting that a significant portion of its funding is directed toward programs rather than administrative costs. However, this figure could be further improved to enhance operational effectiveness. The organization maintains transparency with available board meeting minutes and a well-documented financial framework.
While Lighthouse Academies demonstrates solid fiscal responsibility and governance, potential donors might consider the program expense ratio as an area for growth. Overall, the nonprofit reflects a commitment to accountability, making it a reliable choice for supporters looking to invest in educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse Academies Inc legitimate?
Lighthouse Academies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Academies 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: $350,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $808,583
For more financial information, click here
Official website here: www.lha.net
What is the mission statement of Lighthouse Academies Inc?
Lighthouse Academies Inc. is committed to promoting educational equity by preparing its scholars for higher education, careers, and life. This is achieved in a rigorous and nurturing environment. The organization serves a diverse group of vibrant students with inspiring goals, who have demonstrated resilience despite facing challenges associated with generational poverty. By operating in locations with the greatest need, Lighthouse Academies aims to foster transformation and growth.
Official website here: www.lha.net
Who is the CEO of Lighthouse Academies Inc?
Sarah Gallagher is the Chair of Lighthouse Academies Inc. The CEO's salary of Lighthouse Academies Inc is $190,000 and their total compensation is $204,089.
Official website here: www.lha.net
What is the revenue of Lighthouse Academies Inc?
Lighthouse Academies Inc's revenue in 2022 was $4,340,778.
Official website here: www.lha.net
Who are the executives of Lighthouse Academies Inc and what are their salaries?
The average compensation at Lighthouse Academies Inc during 2022 was $96,611. There are 12 employees and 6 volunteers at Lighthouse Academies Inc.
Here are 11 key members and their salaries (Lighthouse Academies Inc's CEO's salary is $190,000 and their total compensation is $204,089):
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- Compensation: $190,000
- Related: $0
- Other: $14,089
- Compensation: $125,808
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- Other: $18,233
- Compensation: $106,230
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- Other: $22,864
- Compensation: $147,750
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- Other: $20,833
- Compensation: $137,539
- Related: $0
- Other: $22,225
Official website here: www.lha.net
Where can I find the form 990 for Lighthouse Academies Inc?
Lighthouse Academies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lha.net
Learn more at the official website: www.lha.net
Mission Statement of Lighthouse Academies Inc
Lighthouse Academies Inc, a network of charter schools, is committed to promoting educational equity. Their mission is to prepare their scholars, vibrant and ambitious students, for success in college, their careers, and their lives. This is achieved in an environment that combines rigor with nurturing, ensuring that each student has the necessary tools to thrive, despite the challenges of generational poverty. Lighthouse Academies Inc operates in locations with the most significant needs, recognizing both the steepest challenges and the greatest opportunities for transformation and growth.
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Impact
October, 2024
Lighthouse Academies Inc. has a significant impact on educational equity by operating a network of nine innovative public charter school campuses in Indiana and Arkansas. These schools are strategically located in areas with the greatest need, effectively addressing steep challenges while creating opportunities for transformation and growth.
The organization focuses on preparing students—vibrant young scholars with inspiring goals—for success in college, careers, and life within a rigorous and nurturing environment. By fostering a supportive atmosphere, Lighthouse Academies empowers students to thrive despite the adversities often associated with generational poverty. This commitment not only enhances academic outcomes but also cultivates the personal development of students, preparing them to overcome challenges and achieve their dreams.
Through its tailored educational programs and strong community involvement, Lighthouse Academies is working to close the achievement gap, ensuring that all students, regardless of their background, can access high-quality education and the resources necessary for their future success. This holistic approach to education paves the way for lasting positive change in the lives of students and their communities.
This information is meant to be a general summary of Lighthouse Academies 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: $41,706
- Program Service Revenue: $2,644,037
- Gross Receipts: $4,340,778
Assets and Liabilities:
- Total Assets: $3,679,462
- Total Liabilities: $217,665
- Net Assets: $3,461,797
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$2,560,037
MODULAR CLASSROOMS
Revenue
$84,000
Organization Details
Founding Year
2003
Phone
(813) 616-5917Principal Officer
Sarah Gallagher
Main Address
3632 LAND O LAKES BLVD SUITE 105-20, LAND O LAKES, FL, 34639
Website
www.lha.netNTEE Category
Code: B90 - Education
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