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Education Leads To Success Foundation

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

EIN: 270768307 ✦ Flower mound, TX ✦ Designated as a 501(c)(3)

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Overview

What is Education Leads To Success Foundation?

Education Leads To Success Foundation (ELTSF) is a supporting nonprofit organization based in Flower Mound, Texas. Its primary mission is to assist LTTS Charter School, Inc., a public charter school in Irving, Texas, by providing it with a cost-effective facility for its operations. By leasing an educational facility to LTTS under favorable terms, ELTSF enables the school to enhance its services for its students, ranging from pre-kindergarten to twelfth grade. Additionally, ELTSF owns land, horse stables, and horses, which it utilizes to offer riding lessons, field trips, and other extracurricular activities to LTTS students, contributing to their overall educational experience.

Is Education Leads To Success Foundation legitimate?

Education Leads To Success Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Leads To Success Foundation 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: $63,539

For more financial information, click here

What is the mission statement of Education Leads To Success Foundation?

The Education Leads To Success Foundation supports a public charter school, known as LTTS Charter School, Inc., by providing it with a cost-effective facility for its operations. This allows the school to serve its students better, as the foundation leases the educational facility to LTTS under favorable terms. The organization ensures that LTTS has adequate educational facilities, enabling the school to successfully deliver free public education to students from pre-kindergarten through the twelfth grade. Beyond providing a facility, the Education Leads To Success Foundation also owns land, horse stables, and horses, which are utilized to offer riding lessons, field trips, and other extracurricular activities to the students of LTTS Charter School.

Who is the CEO of Education Leads To Success Foundation?

King Hollis is the Secretary of Education Leads To Success Foundation.

What is the revenue of Education Leads To Success Foundation?

Education Leads To Success Foundation's revenue in 2022 was $864,809.

Who are the executives of Education Leads To Success Foundation and what are their salaries?

The average compensation at Education Leads To Success Foundation during 2022 was $31,770. There are 2 employees and 4 volunteers at Education Leads To Success Foundation.


Here are 3 key members and their salaries:


Sharon Mcnealy (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Mclaughlin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
King Hollis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Education Leads To Success Foundation?

Education Leads To Success Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Education Leads To Success Foundation

Education Leads To Success Foundation (ELTSF) supports LTTS Charter School, Inc., a non-profit organization that operates a public charter school in Irving, Texas. One of ELTSF's primary roles is to provide LTTS with a cost-effective facility for its school operations. By leasing an educational facility to LTTS under favorable terms, ELTSF enables the school to offer better services to its students. This includes providing adequate educational facilities, enabling LTTS to successfully carry out its mission of providing free public education to students from pre-kindergarten through the twelfth grade.

Beyond leasing facilities, ELTSF also owns land, horse stables, and horses. These resources are utilized to offer additional opportunities to the students of LTTS Charter School. This includes providing riding lessons, organizing field trips, and hosting various extracurricular activities. By offering these additional resources, ELTSF aims to enrich the learning experience of the students, providing them with a well-rounded education. In summary, ELTSF supports LTTS Charter School by providing it with cost-effective facilities and additional resources, allowing the school to serve its students effectively and offering them a comprehensive learning experience.

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Impact




October, 2024

Education Leads To Success Foundation significantly enhances educational opportunities for students at LTTS Charter School in Irving, Texas. By providing a cost-effective and well-equipped educational facility, it enables the school to focus on delivering high-quality, free public education from pre-kindergarten through the twelfth grade. This support ensures that students have access to adequate resources and learning environments, which are vital for their academic success.

Additionally, the foundation enriches the student experience through various extracurricular activities, including riding lessons and field trips, facilitated by its ownership of land, horse stables, and horses. These programs promote personal development and engagement beyond standard academic offerings, fostering a well-rounded education for the students. Through its strategic support, the foundation plays a crucial role in nurturing the educational journey of the students, ultimately leading to their success in both academics and personal growth.




This information is meant to be a general summary of Education Leads To Success Foundation. 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
$864,809 (2022)
Expenses
$3,109,613 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $323,694
  • Program Service Revenue: $505,775
  • Gross Receipts: $864,809

Assets and Liabilities:

  • Total Assets: $19,800,271
  • Total Liabilities: $25,185,716
  • Net Assets: -$5,385,445

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Programs

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

SCHOOL RELATED EXTRACU

Revenue

$505,775

Organization Details

Founding Year

2009

Principal Officer

King Hollis

Main Address

2104 CAVALIER WAY, FLOWER MOUND, TX, 75062

NTEE Category

Code: B111 - Education

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