Overview
What is Northern Kane Educational Corp?
Northern Kane Educational Corp is a nonprofit organization situated in Pingree Grove, Illinois. Their primary mission is to promote lifelong, high achievement learning. By addressing financial, space, and educational delivery challenges within a large school district, they aim to provide alternative community school choices for families. The corporation operates two educational programs: Cambridge Lakes Charter School, catering to students from kindergarten to eighth grade, and Cambridge Lakes Academy for students from kindergarten to twelfth grade. During the 2021-22 school year, approximately 630 students were enrolled, demonstrating their impact in the district. With a dedicated workforce of 139 individuals, Northern Kane Educational Corp is committed to fostering educational growth and development in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Northern Kane Educational Corp has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score reflects a strong commitment to transparency and responsible management of funds, primarily assessed through its Accountability & Finance beacon score. With a score of 79, the organization's practices demonstrate a commitment to financial health and ethical governance.
The nonprofit stands out for having a fully independent board, with 100% of its members not being affiliated with the organization, which enhances its credibility. Additionally, it has achieved high marks in areas such as having an audit and oversight committee, a documented conflict of interest policy, and a whistleblower policy, all contributing to strong organizational integrity. The program expense ratio is notably high at 91.76%, indicating that a significant portion of its expenditures is dedicated to its programs rather than administrative costs.
However, the organization received no points in the liabilities to assets ratio, which suggests there may be some concerns regarding its financial leverage. While the high program expense ratio is commendable, the lack of a strong balance sheet could be a limitation to its overall financial health. Nevertheless, the transparency and accountability measures in place provide a solid foundation for stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Kane Educational Corp legitimate?
Northern Kane Educational Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Kane Educational Corp 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: $322,498
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,175,364
For more financial information, click here
What is the mission statement of Northern Kane Educational Corp?
Northern Kane Educational Corp is dedicated to promoting lifelong, high achievement learning within a large school district. They continually strive to address financial, space, and educational delivery challenges to ensure optimal learning environments. This organization provides alternatives for students in Kindergarten through Twelfth Grade through Cambridge Lakes Charter School and Cambridge Lakes Academy. During the 2021-22 school year, around 630 students were enrolled, indicating their commitment to serving a substantial number of students.
Who is the CEO of Northern Kane Educational Corp?
Paul A Troy is the Chair of Northern Kane Educational Corp. The CEO's salary of Northern Kane Educational Corp is $138,401 and their total compensation is $138,401.
What is the revenue of Northern Kane Educational Corp?
Northern Kane Educational Corp's revenue in 2022 was $9,191,169.
Who are the executives of Northern Kane Educational Corp and what are their salaries?
The average compensation at Northern Kane Educational Corp during 2022 was $32,359. There are 139 employees and 116 volunteers at Northern Kane Educational Corp.
Here are 14 key members and their salaries (Northern Kane Educational Corp's CEO's salary is $138,401 and their total compensation is $138,401):
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- Compensation: $138,401
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- Compensation: $111,309
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- Compensation: $72,788
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- Compensation: $103,795
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Where can I find the form 990 for Northern Kane Educational Corp?
Northern Kane Educational Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northern Kane Educational Corp
Northern Kane Educational Corp is committed to facilitating lifelong, high achievement learning. This mission involves addressing ongoing financial, spatial, and educational delivery challenges within a large school district. In simpler terms, the organization works tirelessly to ensure that students in a large school district have the opportunity to achieve academically throughout their lives, while continuously overcoming financial, space, and educational delivery obstacles.
The organization's efforts are demonstrated through the operation of Cambridge Lakes Charter School, which offers an alternative community school choice for District 300 families. This includes students from kindergarten to eighth grade, as well as those attending Cambridge Lakes Academy from kindergarten to twelfth grade. During the 2021-22 school year, approximately 630 students were enrolled, underscoring the organization's impact on the local educational landscape. By providing an alternative learning environment, Northern Kane Educational Corp is dedicated to helping students in its district reach their full potential, despite any challenges they may face.
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Impact
August, 2024
Northern Kane Educational Corp, through its Cambridge Lakes Charter School and Cambridge Lakes Academy, provides a valuable alternative community school choice for families within District 300 in Pingree Grove, IL. By enrolling approximately 630 students during the 2021-22 school year, the organization is actively addressing financial, space, and educational delivery issues within the district. This initiative facilitates lifelong, high achievement learning opportunities for students from kindergarten through twelfth grade, making a tangible impact on the education landscape in the area.
This information is meant to be a general summary of Northern Kane Educational Corp. 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: $23,639
- Program Service Revenue: $9,145,773
- Gross Receipts: $9,210,724
Assets and Liabilities:
- Total Assets: $19,123,044
- Total Liabilities: $18,030,903
- Net Assets: $1,092,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARTER SCHOOL TUITION
Revenue
$7,753,963
LUNCH FEES
Revenue
$387,051
SPECIAL EDUCATION REIM
Revenue
$339,071
PRESCHOOL TUITION
Revenue
$284,864
SCHOOL'S OUT PROGRAM
Revenue
$178,995
Organization Details
Founding Year
2004
Phone
(847) 464-5300Principal Officer
Paul A Troy
Main Address
900 WESTER BOULEVARD, PINGREE GROVE, IL, 60140
NTEE Category
Code: B29 - Education
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