Overview
What is The Lewis Chatman Academy?
The Lewis Chatman Academy is a nonprofit organization situated in Paterson, New Jersey, at 1 Market Street. With a team of 30 dedicated individuals, this daycare center offers comprehensive services for pre-K children, infants, and toddlers. The academy provides a nurturing environment filled with engaging activities that aid in both their social and academic development. The daycare thoughtfully designs activities tailored to each child's unique learning style, ensuring a stimulating and inclusive experience. Meals are also offered to the children under the New Jersey Food Program, ensuring their nutritional needs are met. The Lewis Chatman Academy aims to provide quality daycare services to the Paterson community, contributing positively to the growth and development of young minds.
Official website here: www.lcacademy.us/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Lewis Chatman Academy has received a "Needs Improvement" rating from Charity Navigator, reflecting a score of 73%. This rating indicates some strengths in their governance and financial practices, notably achieving full points for a majority of independent board members and maintaining a conflict of interest policy, which suggests a commitment to ethical management.
However, the organization faces significant challenges, particularly concerning its financial transparency as indicated by the lack of financial statements. This absence contributes to a lower score in the accountability and finance category, which may raise concerns among potential donors regarding the organization's fiscal responsibility. While the program expense ratio is strong at 84.39%, demonstrating effective fund allocation toward services, the overall financial health could benefit from enhanced reporting.
In summary, while The Lewis Chatman Academy shows promise through its governance structure, the lack of financial documentation and transparency is a noted limitation. Stakeholders may wish to consider these factors when evaluating the organization for support.
This AI summary has been generated from information found on Charity Navigator.
Is The Lewis Chatman Academy legitimate?
The Lewis Chatman Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lewis Chatman 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: $294,963
Professional Fundraising Fees: $0
Other Salaries and Wages: $415,050
For more financial information, click here
Official website here: www.lcacademy.us/
What is the mission statement of The Lewis Chatman Academy?
The Lewis Chatman Academy is committed to providing top-notch daycare services within the community, tailoring activities to cater to individual children's learning styles and traits. This approach ensures that every child, regardless of their unique learning style, receives an enriching and stimulating experience. The academy's primary goal is to support the social and academic development of children through a well-structured and diverse range of activities. Meals are also provided, ensuring children's nutritional needs are met under the New Jersey Food Program.
Official website here: www.lcacademy.us/
Who is the CEO of The Lewis Chatman Academy?
Felicia Harrell is the Member of The Lewis Chatman Academy.
Official website here: www.lcacademy.us/
What is the revenue of The Lewis Chatman Academy?
The Lewis Chatman Academy's revenue in 2022 was $1,686,744.
Official website here: www.lcacademy.us/
Who are the executives of The Lewis Chatman Academy and what are their salaries?
The average compensation at The Lewis Chatman Academy during 2022 was $23,667. There are 30 employees at The Lewis Chatman Academy.
Here are 6 key members and their salaries:
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Official website here: www.lcacademy.us/
Where can I find the form 990 for The Lewis Chatman Academy?
The Lewis Chatman Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcacademy.us/
Learn more at the official website: www.lcacademy.us/
Mission Statement of The Lewis Chatman Academy
The Lewis Chatman Academy, a daycare service provider, is committed to delivering high-quality care to the community in Paterson, New Jersey. The organization meticulously designs activities that cater to each child's unique traits and learning styles, ensuring a conducive environment for the social and academic development of around 75 children. These activities, underpinned by the New Jersey Food Program, provide nourishment along with educational experiences. The overall mission of The Lewis Chatman Academy is to offer exceptional daycare services that cater to the diverse learning styles of children, thereby fostering their holistic growth and development.
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Impact
October, 2024
The Lewis Chatman Academy significantly enriches the community of Paterson, New Jersey, by providing high-quality daycare services tailored to the individual needs of children. It engages 75 children, including infants, toddlers, and pre-K participants, with a thoughtfully curated range of activities that address diverse learning styles. This personalized approach fosters both social and academic development, equipping children with essential skills for their future.
In addition to educational activities, the Academy ensures that meals are provided under the NJ Food Program, which supports healthy nutrition for young learners. By prioritizing a well-rounded environment that nurtures growth and learning, The Lewis Chatman Academy plays a vital role in establishing a strong foundation for early childhood education in the community.
This information is meant to be a general summary of The Lewis Chatman 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: $910,671
- Gross Receipts: $1,686,744
Assets and Liabilities:
- Total Assets: $651,015
- Total Liabilities: $390,856
- Net Assets: $260,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENT FEES
Revenue
$138,918
CHILDCARE SUBSIDY
Revenue
$771,753
Organization Details
Founding Year
2013
Principal Officer
Felicia Harrell
Main Address
1 MARKET STREET, PATERSON, NJ, 07501
Website
www.lcacademy.us/NTEE Category
Code: B28 - Education
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