Overview
What is The Longboat Key Education Center Inc?
The Longboat Key Education Center Inc, located in Longboat Key, Florida, is a small yet impactful nonprofit organization. Their primary mission is to provide educational enrichment programs for adults, regardless of their residency or previous educational background. They offer a series of classes and lectures during the fall and spring seasons, and their gallery is open to the general public to showcase artworks by local artists and faculty. The center's activities aim to foster learning and personal growth in the adult community, contributing to their overall development. With a dedicated team of one individual, this organization continues to make a difference in the lives of its attendees.
Official website here: www.lbkeducationcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 68%)
The Longboat Key Education Center Inc has been rated with a two-star rating by Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization has strengths such as a fully independent board and no material diversion of assets, concerns arise mainly from the absence of key policies and the high liabilities to assets ratio.
Strengths include the transparency of the board structure, with 80% of members being independent and the documentation of board meeting minutes. The organization does maintain a 100% program expense ratio, emphasizing its commitment to spending on educational programs. However, limitations in policy presence, particularly the lack of a whistleblower policy and document retention procedures, contribute to its low accountability score.
The liabilities to assets ratio stands at 381.01%, which raises red flags regarding its financial health. Additionally, the absence of tax form posting on the nonprofit's website may hinder transparency and accountability efforts. Overall, while the Longboat Key Education Center Inc shows potential, significant improvements are needed in governance and financial management to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Longboat Key Education Center Inc legitimate?
The Longboat Key Education Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Longboat Key Education Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lbkeducationcenter.org
What is the mission statement of The Longboat Key Education Center Inc?
The Longboat Key Education Center Inc's mission is centered around providing educational enrichment programs for adults, regardless of their residency or prior educational background. They offer a variety of classes and lecture series throughout the fall and spring seasons. Additionally, their facility serves as a gallery, open to the general public, showcasing exhibits by local artists and faculty. The center aims to foster a learning environment that is inclusive and accessible to all adults, promoting lifelong learning and personal growth.
Official website here: www.lbkeducationcenter.org
What is the revenue of The Longboat Key Education Center Inc?
The Longboat Key Education Center Inc's revenue in 2022 was $3.
Official website here: www.lbkeducationcenter.org
Who are the executives of The Longboat Key Education Center Inc and what are their salaries?
There is 1 employee at The Longboat Key Education Center Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lbkeducationcenter.org
Where can I find the form 990 for The Longboat Key Education Center Inc?
The Longboat Key Education Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lbkeducationcenter.org
Learn more at the official website: www.lbkeducationcenter.org
Mission Statement of The Longboat Key Education Center Inc
The Longboat Key Education Center Inc is committed to providing educational enrichment opportunities for adults, irrespective of their place of residence or their prior educational background. Their mission is to offer a variety of classes and lecture series throughout the fall and spring seasons, catering to the intellectual curiosity and learning needs of adults. The center also makes its gallery available to the general public, showcasing exhibits by local artists and faculty, thereby contributing to the cultural landscape of the community.
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Impact
October, 2024
The Longboat Key Education Center Inc has a significant impact on its community through its commitment to educational enrichment for adults. By offering a diverse range of classes and lecture series from the fall through the spring, the center fosters lifelong learning and personal growth among participants, regardless of their residency or educational background. This inclusive approach opens doors for many, promoting intellectual curiosity and cultural engagement.
In addition to the educational programming, the center supports local artists and faculty by providing a gallery space for exhibits, enriching the community's cultural landscape. This not only showcases local talent but also encourages community involvement and appreciation for the arts. Overall, The Longboat Key Education Center Inc is a vital resource for enhancing knowledge, creativity, and cultural connections in Longboat Key, FL.
This information is meant to be a general summary of The Longboat Key Education Center 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: $3
- Gross Receipts: $1,541
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2005
Principal Officer
Susan A Goldfarb
Website
www.lbkeducationcenter.orgNTEE Category
Code: A25 - Arts
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