Overview
What is Lake Oconee Academy Inc?
Lake Oconee Academy Inc, located at 1021 Titan Circle, Greensboro, GA 30642, is a reputable nonprofit organization that runs a public charter school approved by the Greene County Board of Education and the Georgia Department of Education. Their primary goal is to enhance student achievement through a culture of elevated expectations. The Organization's mission is deeply rooted in the belief that every student can succeed.
Official website here: www.lakeoconeeacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Lake Oconee Academy Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The overall score reflects a strong performance in various accountability metrics, with the organization achieving a perfect score for aspects such as independent board membership and financial oversight. The accountability and finance score of 79% highlights the organization's commitment to responsible governance.
Strengths of Lake Oconee Academy Inc include a fully independent board, ensuring unbiased decision-making, and robust policies related to conflict of interest and whistleblower protections. The organization has effectively established its financial transparency, with no material diversion of assets reported, and maintains comprehensive documentation of board meetings and operational policies. This level of governance contributes positively to its accountability score.
However, the organization faces some limitations, particularly in its liabilities to assets ratio, which scored significantly lower. This suggests potential concerns regarding financial stability that could affect the organization's long-term sustainability. Despite this, the overall financial management appears sound, and the organization continues to demonstrate significant commitment to its fiduciary responsibilities.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Oconee Academy Inc legitimate?
Lake Oconee Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Oconee Academy 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: $6,741,761
For more financial information, click here
Official website here: www.lakeoconeeacademy.org
What is the mission statement of Lake Oconee Academy Inc?
Lake Oconee Academy Inc is a charter school with a mission to enhance student achievement. They foster an educational environment that sets high expectations for all students to meet and exceed academic goals. The organization's mission is clearly stated as a commitment to increasing student achievement. Through a culture that values hard work and dedication, Lake Oconee Academy Inc aims to help students reach their full potential. This public charter school, authorized by the Greene County Board of Education and the state of Georgia Department of Education, is dedicated to providing quality education to its students.
Official website here: www.lakeoconeeacademy.org
Who is the CEO of Lake Oconee Academy Inc?
Otho Tucker is the Chairman of Lake Oconee Academy Inc. The CEO's salary of Lake Oconee Academy Inc is $243,338 and their total compensation is $291,544.
Official website here: www.lakeoconeeacademy.org
What is the revenue of Lake Oconee Academy Inc?
Lake Oconee Academy Inc's revenue in 2022 was $12,895,020.
Official website here: www.lakeoconeeacademy.org
Who are the executives of Lake Oconee Academy Inc and what are their salaries?
Here are 9 key members and their salaries (Lake Oconee Academy Inc's CEO's salary is $243,338 and their total compensation is $291,544):
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- Compensation: $243,338
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- Other: $48,206
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Official website here: www.lakeoconeeacademy.org
Where can I find the form 990 for Lake Oconee Academy Inc?
Lake Oconee Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeoconeeacademy.org
Learn more at the official website: www.lakeoconeeacademy.org
Mission Statement of Lake Oconee Academy Inc
Lake Oconee Academy Inc is a dedicated charter school organization with a mission to elevate student achievement. In pursuit of this goal, the academy fosters an educational environment built on high expectations for every student. By instilling a culture of rigor and commitment, the school aims to help each student reach their full potential.
The organization, Lake Oconee Academy Inc, operates under the authorization of the Greene County Board of Education and the Georgia Department of Education. The focus on student achievement is the guiding principle behind every decision and action taken at the charter school. The team at Lake Oconee Academy believes that every student is capable of success and works tirelessly to create an atmosphere that supports this belief.
Lake Oconee Academy Inc's mission comes to life through its dedication to providing quality education and resources to students. With a culture of high expectations, the academy strives to create a stimulating learning environment that challenges students to excel. The organization's unwavering commitment to student achievement is evident in its daily operations, making Lake Oconee Academy Inc a beacon of hope and progress for students in need of a strong educational foundation.
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Impact
October, 2024
Lake Oconee Academy Inc significantly impacts the educational landscape by operating a public charter school focused on enhancing student achievement. Situated in Greensboro, Georgia, the academy fosters a culture of high expectations, driving students towards academic excellence. By prioritizing a rigorous educational environment, the academy not only helps students succeed academically but also prepares them for future challenges. This commitment to educational improvement elevates the learning experience, contributing positively to the community and shaping the next generation's leaders.
This information is meant to be a general summary of Lake Oconee Academy 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: $11,092
- Program Service Revenue: $12,852,278
- Gross Receipts: $12,895,020
Assets and Liabilities:
- Total Assets: $28,770,370
- Total Liabilities: $21,296,454
- Net Assets: $7,473,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Greene Co Board of Ed
Revenue
$12,392,785
Afterschool Program
Revenue
$121,237
PreK Program
Revenue
$338,256
Organization Details
Founding Year
2007
Phone
(706) 454-1562Principal Officer
Otho Tucker
Main Address
1021 Titan Circle, Greensboro, GA, 30642
Website
www.lakeoconeeacademy.orgNTEE Category
Code: B29 - Education
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