Overview
What is Lake Technical College Inc?
Lake Technical College Inc, a post-secondary technical institution based at 2001 Kurt Street, Eustis, Florida (FL, 32726), offers high-quality vocational and technical training opportunities for both high school and adult students. Its curriculum and programs cater to the needs and industry standards, fostering an individualized learning approach that allows students to progress based on their abilities. The college prides itself on accommodating students requiring assistance with special individualized accommodations and remediation being a standard practice. During the fiscal year ended June 30, 2022, the college served an average of 1,803 students. The mission of Lake Technical College Inc is to address the educational needs of the community by providing a range of excellent vocational and technical training programs. Currently, the organization employs a team of 74 individuals.
Official website here: www.laketech.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Lake Technical College Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial performance. This rating reflects the organization's commitment to transparency and responsible management of resources, as it is based entirely on its accountability and finance score.
The nonprofit excels in various areas, including having a fully independent board of directors and comprehensive audit oversight. It has a strong program expense ratio of 95.41%, demonstrating that a significant portion of its budget is directed towards its mission-related activities rather than administrative costs. Additionally, it adheres to best practices with policies on conflict of interest and document retention.
While the organization has shown no significant issues, the data does not highlight any specific programmatic outcomes or community impact, which are important for evaluating the effectiveness of educational initiatives. Overall, Lake Technical College Inc stands out as a well-managed nonprofit with a focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Technical College Inc legitimate?
Lake Technical College Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Technical College 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: $200,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,711,481
For more financial information, click here
Official website here: www.laketech.org
What is the mission statement of Lake Technical College Inc?
Lake Technical College Inc is dedicated to catering to the educational needs of the community. They provide a range of high-quality vocational and technical training opportunities for both high school and adult students. The college functions as a post-secondary technical institution, offering curriculum and programs designed to align with industry standards. Instruction is largely individualized, enabling students to progress based on their abilities. Special accommodations and remediation are provided for students who require assistance. During the fiscal year ended June 30, 2022, the college served an average of 1,803 students.
Official website here: www.laketech.org
Who is the CEO of Lake Technical College Inc?
Richard D Keith is the Chairman Of The Board of Lake Technical College Inc.
Official website here: www.laketech.org
What is the revenue of Lake Technical College Inc?
Lake Technical College Inc's revenue in 2022 was $19,771,716.
Official website here: www.laketech.org
Who are the executives of Lake Technical College Inc and what are their salaries?
The average compensation at Lake Technical College Inc during 2022 was $79,890. There are 74 employees at Lake Technical College Inc.
Here are 13 key members and their salaries:
- 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: $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: $0
- Related: $0
- Other: $0
- Compensation: $95,406
- Related: $0
- Other: $24,402
- Compensation: $59,907
- Related: $0
- Other: $20,660
Official website here: www.laketech.org
Where can I find the form 990 for Lake Technical College Inc?
Lake Technical College Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laketech.org
Learn more at the official website: www.laketech.org
Mission Statement of Lake Technical College Inc
Lake Technical College Inc, a post-secondary technical institution, is dedicated to addressing the educational needs of the community by providing a range of high-quality vocational and technical training opportunities for both high school and adult students. The college's mission is geared towards empowering students to progress based on their abilities, with instruction that is largely individualized. This approach allows students to excel at their own pace.
Moreover, Lake Technical College Inc goes the extra mile in accommodating students who require special assistance. Individualized special accommodations and remediation are standard practices at the college, ensuring that every student receives the support they need to succeed. The curriculum and program design at the college reflect the industry standards and needs, ensuring that students acquire the skills necessary to thrive in their chosen fields.
During the fiscal year ended June 30, 2022, the college served an average of 1,803 students. These students benefited from the college's commitment to providing high-quality education that meets the demands of the respective industry. Lake Technical College Inc's mission is to make a positive impact on the lives of its students by equipping them with the skills and knowledge they need to succeed in their chosen careers.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lake Technical College Inc plays a crucial role in addressing the educational needs of the community by providing career-technical training opportunities tailored to meet industry standards. With a focus on individualized instruction, the college enables students to progress at their own pace, accommodating diverse learning styles and needs.
During the fiscal year ended June 30, 2022, the college served an average of 1,803 students, underscoring its extensive reach and impact within the community. Its curriculum is designed to reflect the current demands of various industries, ensuring that students are well-prepared for the workforce.
By offering high-quality vocational and technical training opportunities, Lake Technical College Inc enhances the skill set of both high school and adult students, ultimately contributing to the economic development of Eustis and the surrounding areas. The college's commitment to personalized education fosters a supportive learning environment, helping individuals achieve their career goals and positively affecting the overall community.
This information is meant to be a general summary of Lake Technical College 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: -$8,731
- Program Service Revenue: $9,808,473
- Gross Receipts: $19,910,758
Assets and Liabilities:
- Total Assets: $23,861,237
- Total Liabilities: $7,147,698
- Net Assets: $16,713,539
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKFORCE DEVELOPMENT
Revenue
$4,755,613
TUITION AND OTHER FEES
Revenue
$3,241,753
SCHOLARSHIPS
Revenue
$1,107,080
PERFORMANCE BASED INCENTIVES
Revenue
$374,000
CUSTOMER SERVICE FEES
Revenue
$189,818
Organization Details
Founding Year
2004
Phone
(352) 589-2250Principal Officer
Richard D Keith
Main Address
2001 KURT STREET, EUSTIS, FL, 32726
Website
www.laketech.orgNTEE Category
Code: B29 - Education
If you are a representative of Lake Technical College Inc 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.