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Four Lakes Education Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264055721 ✦ Mcfarland, WI ✦ Designated as a 501(c)(3)

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Overview

What is Four Lakes Education Inc?

Four Lakes Education Inc, based in Wisconsin, is a nonprofit organization dedicated to providing public charter school education for students in grades K-12. They believe that every student is unique and requires a personalized approach to learning in order to reach their full potential. Wisconsin Virtual Academy, an initiative by Four Lakes Education Inc, offers tailored educational programs to cater to each student's individual needs.


Official website here: www.k12.com/wiva

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)

Four Lakes Education Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The overall score is primarily based on its Accountability & Finance metrics, where it excels with an impressive score of 81. This suggests that the organization is effectively managing its resources and adhering to recommended practices for transparency and governance.

The nonprofit has a fully independent board, which is a strong indicator of good governance, and it meets all criteria for board independence and oversight. Additionally, it has robust financial policies in place, such as an audit and oversight committee, a conflict of interest policy, and a whistleblower policy, all of which contribute to its credibility and reliability as a nonprofit organization.

However, while the financial health metrics appear strong, the score does not reflect programmatic effectiveness or impact, which could be additional areas of interest for potential donors. The program expense ratio is high, indicating that a significant portion of expenses is dedicated to programs rather than administrative costs, which is a positive aspect of its financial management.


This AI summary has been generated from information found on Charity Navigator.

Is Four Lakes Education Inc legitimate?

Four Lakes Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Four Lakes Education 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: $13,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.k12.com/wiva

What is the mission statement of Four Lakes Education Inc?

Four Lakes Education Inc, through its Wisconsin Virtual Academy, is dedicated to helping students in grades K-12 achieve their full potential. Recognizing the unique learning requirements of each student, the organization tailors its educational approach to suit individual needs. The mission of Four Lakes Education is to provide public charter school education that caters to the distinct learning styles and paces of its students. The academy offers a personalized learning experience, ensuring each student receives the attention and support necessary to thrive academically.


Official website here: www.k12.com/wiva

Who is the CEO of Four Lakes Education Inc?

Gerard J Deschane is the President of Four Lakes Education Inc.


Official website here: www.k12.com/wiva

What is the revenue of Four Lakes Education Inc?

Four Lakes Education Inc's revenue in 2022 was $31,025,737.


Official website here: www.k12.com/wiva

Who are the executives of Four Lakes Education Inc and what are their salaries?


Here are 5 key members and their salaries:


Gerard J Deschane (President)
  • Compensation: $2,720
  • Related: $0
  • Other: $0
Laura Cataldo (Vice Preside)
  • Compensation: $2,720
  • Related: $0
  • Other: $0
Robb Kahl (Secretary)
  • Compensation: $2,720
  • Related: $0
  • Other: $0
Dean Gille (Member)
  • Compensation: $2,720
  • Related: $0
  • Other: $0
David Sachs (Member)
  • Compensation: $2,720
  • Related: $0
  • Other: $0


Official website here: www.k12.com/wiva

Where can I find the form 990 for Four Lakes Education Inc?

Four Lakes Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.k12.com/wiva

Learn more at the official website: www.k12.com/wiva

Mission Statement of Four Lakes Education Inc

Four Lakes Education Inc, also known as Wisconsin Virtual Academy, is a mission-driven organization dedicated to providing public charter school education for students in grades K-12. The organization recognizes that every student is unique and requires an individualized approach to learning.

In pursuit of helping students reach their full potential, Four Lakes Education Inc offers a tailored educational experience. By understanding that each student's learning needs are distinct, the organization is committed to providing a personalized educational journey. This approach enables students to flourish academically and build a strong foundation for their future.

Four Lakes Education Inc is more than just a school; it's an educational partner that values each student's potential and strives to bring out their best. The organization's team of dedicated educators and staff work closely with students and their families to create a learning environment that fosters growth and success. Through its tailored approach to education and commitment to individualized learning, Four Lakes Education Inc empowers students to unlock their true potential.

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Impact




August, 2024

Four Lakes Education Inc, operating as Wisconsin Virtual Academy, is making a significant impact by providing public charter school education to students in grades K-12. Their mission of helping students reach their true potential through a unique and tailored approach to learning is transforming the educational experience for many young learners. By offering a flexible and personalized education option, Four Lakes Education Inc is empowering students to succeed academically and pursue their goals. Through their dedication to education, they are shaping the future of many students in McFarland, Wisconsin, and beyond.




This information is meant to be a general summary of Four Lakes Education 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.

Revenue
$31,025,737 (2022)
Expenses
$31,272,175 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34,195
  • Program Service Revenue: $30,950,678
  • Gross Receipts: $31,025,737

Assets and Liabilities:

  • Total Assets: $19,510,761
  • Total Liabilities: $12,420,041
  • Net Assets: $7,090,720

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SCHOOL DISTRICT PAYMENTS

Revenue

$30,214,463

CATEGORICAL AID

Revenue

$596,636

FEDERAL AID

Revenue

$139,579

Organization Details

Founding Year

2009

Principal Officer

Gerard J Deschane

Main Address

4721 DALE CURTIN DRIVE, MCFARLAND, WI, 53558

NTEE Category

Code: B99 - Education

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