Overview
What is Land Academy?
Land Academy is a nonprofit organization situated in Memphis, Tennessee, specifically at 3430 Overton Crossing, TN 38127. Their primary source of income stems from grants provided by the Tennessee Department of Human Services (TN DHS) and other relevant sources. The Land Academy's core mission is to offer child care services to families with modest to moderate income levels. Their activities are geared towards ensuring that these families have access to quality child care, thereby contributing to their overall well-being and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 65%)
Land Academy has received a "Needs Improvement" rating from Charity Navigator, primarily due to significant gaps in accountability and financial transparency. While the organization boasts a fully independent board, it lacks essential policies and documentation, such as a conflict of interest policy and a whistleblower policy. The absence of these critical governance measures could raise concerns about oversight and ethical management.
Despite these limitations, Land Academy demonstrates strengths in its financial management, evidenced by a high program expense ratio of 86.72%. This indicates that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, it maintains a favorable liabilities to assets ratio of 30.61%, suggesting a solid financial foundation.
However, the organization’s failure to list its website on its tax form and to provide public access to key documents like tax forms and board meeting minutes reflects a lack of transparency. Addressing these issues could significantly improve Land Academy's rating and public perception, ensuring greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Land Academy legitimate?
Land Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Land Academy 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: $146,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,304
For more financial information, click here
What is the mission statement of Land Academy?
Land Academy's mission is centered around providing child care services for families with moderate to low income levels. This mission is carried out through their operations, as indicated by their primary source of revenue coming from two grants from the Tennessee Department of Human Services and another unspecified source. The organization's mission aims to support these families, ensuring they have access to reliable child care services. While the information provided does not detail any specific long-term goals or additional services, it is clear that Land Academy is committed to providing affordable child care options for families in need.
Who is the CEO of Land Academy?
Jeaneen Shelton is the Executive Dir of Land Academy.
What is the revenue of Land Academy?
Land Academy's revenue in 2022 was $1,449,525.
Who are the executives of Land Academy and what are their salaries?
There 10 volunteers at Land Academy.
Here are 2 key members and their salaries:
- Compensation: $96,600
- Related: $0
- Other: $0
- Compensation: $49,600
- Related: $0
- Other: $0
Where can I find the form 990 for Land Academy?
Land Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Land Academy
Land Academy, a nonprofit organization, is dedicated to providing child care services for families with moderate to low incomes. At its core, Land Academy's mission is to support these families by offering high-quality care. The primary means through which it accomplishes this is by securing funds through two grants from the Tennessee Department of Human Services (TN DHS). These grants enable Land Academy to continue its vital work in the community, ensuring that families in need have access to reliable and affordable child care services.
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Impact
October, 2024
Land Academy significantly impacts the community by providing essential child care services to low to moderate-income families in Memphis, TN. By focusing on affordable and accessible child care, the organization alleviates the burden on families who might struggle to find care for their children while they work or pursue education. This support not only enables parents to maintain employment and contribute to the economy but also fosters a more stable environment for children, enhancing their social and developmental opportunities.
The funding received from grants, including those from the Tennessee Department of Human Services, underscores the commitment to sustain these services, ensuring that families have reliable access to quality child care. This stability is crucial in promoting the well-being of children and supporting families in achieving self-sufficiency, ultimately contributing to healthier community dynamics.
This information is meant to be a general summary of Land Academy. 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.
- Program Service Revenue: $1,449,525
- Gross Receipts: $1,449,525
Assets and Liabilities:
- Total Assets: $586,679
- Total Liabilities: $150,000
- Net Assets: $436,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION PAYMENTS
Revenue
$88,154
DHS PAYMENTS
Revenue
$1,278,456
CACFP PAYMENTS
Revenue
$82,915
Organization Details
Founding Year
2009
Principal Officer
Jeaneen Shelton
Main Address
3430 OVERTON CROSSING, MEMPHIS, TN, 38127
NTEE Category
Code: P30 - Human services
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