Overview
What is Legal Prep Charter Academies?
Legal Prep Charter Academies is a nonprofit organization situated in Chicago, Illinois. Established with the aim of opening a legal-themed charter high school in a high-need community, it began serving students in 2012. The school, located at 4319 West Washington Boulevard, caters to students at the freshman, sophomore, junior, and senior levels, as indicated by the data up to June 30, 2022. With a rigorous curriculum and high expectations, Legal Prep Charter Academies aims to prepare its Chicago-based students for success in college and beyond. As of the provided information, the academy employs 49 individuals.
Official website here: www.legalprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Legal Prep Charter Academies has received an 81% rating from Charity Navigator, indicating a strong level of accountability and finance management. The overall score is derived entirely from its Accountability & Finance metrics, which reflect a commitment to transparency and responsible governance. The organization has achieved full points in several key areas, demonstrating a robust structure with an independent board and effective oversight mechanisms.
The nonprofit's strengths include a fully independent board comprising 20 members, a well-established audit and oversight committee, and comprehensive policies for conflict of interest, whistleblower protections, and document retention. Its impressive program expense ratio of 89.93% shows that a significant majority of its funds are directed toward its educational initiatives, which is a positive indicator for donors concerned about impact.
While the rating highlights numerous strengths, potential donors should consider that the score is based solely on financial accountability. There may be limited information on other aspects such as program effectiveness or long-term outcomes, which could provide a fuller picture of the organization's impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Legal Prep Charter Academies legitimate?
Legal Prep Charter Academies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legal Prep Charter Academies 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: $361,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,916,804
For more financial information, click here
Official website here: www.legalprep.org
What is the mission statement of Legal Prep Charter Academies?
Legal Prep Charter Academies was established with the goal of establishing a legal-themed charter high school in a high-need community. The school's mission is to help Chicago's youth achieve success in college and life. This is achieved through a rigorous curriculum and a culture that encourages high expectations, empowering students to reach their full potential. The school, which began operations in August 2012, served 256 students across various grade levels until June 30, 2022.
Official website here: www.legalprep.org
Who is the CEO of Legal Prep Charter Academies?
Sam Finkelstein is the President of Legal Prep Charter Academies. The CEO's salary of Legal Prep Charter Academies is $146,491 and their total compensation is $178,389.
Official website here: www.legalprep.org
What is the revenue of Legal Prep Charter Academies?
Legal Prep Charter Academies's revenue in 2022 was $4,710,183.
Official website here: www.legalprep.org
Who are the executives of Legal Prep Charter Academies and what are their salaries?
The average compensation at Legal Prep Charter Academies during 2022 was $46,495. There are 49 employees and 225 volunteers at Legal Prep Charter Academies.
Here are 19 key members and their salaries (Legal Prep Charter Academies's CEO's salary is $146,491 and their total compensation is $178,389):
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Official website here: www.legalprep.org
Where can I find the form 990 for Legal Prep Charter Academies?
Legal Prep Charter Academies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legalprep.org
Learn more at the official website: www.legalprep.org
Mission Statement of Legal Prep Charter Academies
Legal Prep Charter Academies, a renowned educational institution, was established with a mission to prepare Chicago's youth for success in higher education and life. The school's approach is characterized by a rigorous curriculum and a culture that fosters high expectations, aiming to empower its students to reach their full potential. By providing a legal-themed focus, Legal Prep Charter Academies aims to equip its students with a unique and valuable skill set, setting them apart in their future academic and professional pursuits. The school opened its doors to students in 2012, serving a total of 256 students across various grade levels, from freshman to senior, up until June 2022.
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Impact
October, 2024
Legal Prep Charter Academies has made a significant impact in a high-need community in Chicago by providing a legal-themed curriculum designed to equip students with the skills and knowledge they need to succeed in college and life. Since opening its doors in August 2012, the school has served 256 students across all grade levels, emphasizing a rigorous educational experience coupled with high expectations for achievement.
By centering its mission on empowering youth, Legal Prep not only fosters academic excellence but also prepares students for future careers in law and related fields. This focus on legal education engages students in critical thinking, advocacy, and ethical reasoning, skills that are essential for success in any professional environment. The school's dedication to creating a supportive nurturing environment enhances student engagement, encourages personal growth, and promotes community involvement, ultimately contributing to the overall upliftment of the surrounding area.
Through its targeted approach, Legal Prep Charter Academies stands out as an institution that helps bridge educational gaps in under-resourced communities, enabling students to reach their full potential and aspire to higher education and successful careers.
This information is meant to be a general summary of Legal Prep Charter Academies. 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: $141,989
- Gross Receipts: $4,757,263
Assets and Liabilities:
- Total Assets: $6,701,442
- Total Liabilities: $5,424,799
- Net Assets: $1,276,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD SERVICE REVENUE
Revenue
$97,149
STUDENT ACTIVITIES
Revenue
$44,840
Organization Details
Founding Year
2009
Phone
(773) 922-7800Principal Officer
Sam Finkelstein
Main Address
4319 WEST WASHINGTON BOULEVARD, CHICAGO, IL, 606242232
Website
www.legalprep.orgNTEE Category
Code: B29 - Education
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