Overview
What is Classical Academies Cfa Inc?
Classical Academies CFA Inc, based in the community, operates a public charter school named Lake Lure Classical Academy. Their primary objective is to provide quality education to local children, ensuring they thrive academically and personally. The organization's mission is centered around this public charter school, aiming to foster a supportive and nurturing learning environment. The diverse programs offered at the school cater to the unique needs of each student, ensuring a well-rounded education for all.
Official website here: www.llca.teamcfa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Classical Academies Cfa Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The organization achieved a perfect score in several categories, including the independence of its board members and the effectiveness of its audit and oversight committee. This high rating signifies that the nonprofit is well-managed and demonstrates a commitment to financial transparency.
The organization has a robust governance structure, with all board members being independent and an effective policy framework that includes conflict of interest and whistleblower policies. Furthermore, there is no indication of any material diversion of assets, which adds to the organization's credibility and trustworthiness. The financial statements are thoroughly audited, ensuring that funds are utilized effectively.
However, while the program expense ratio is solid at 66.44%, there is still room for improvement to meet best practices in nonprofit spending. Overall, Classical Academies Cfa Inc stands out for its strong governance and financial practices, making it a reputable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Classical Academies Cfa Inc legitimate?
Classical Academies Cfa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Classical Academies Cfa 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: $158,892
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,128,395
For more financial information, click here
Official website here: www.llca.teamcfa.org
What is the mission statement of Classical Academies Cfa Inc?
Classical Academies CFA Inc is committed to operating a public charter school, serving the educational needs of children in the community. Their mission is centered around providing an educational environment that caters to the local population. Lake Lure Classical Academy, one of their programs, embodies this mission by offering a public charter school education to children within the community. This institution strives to contribute to the community's educational landscape, offering programs that cater to the needs of its young learners.
Official website here: www.llca.teamcfa.org
Who is the CEO of Classical Academies Cfa Inc?
Mark Hamann is the Member of Classical Academies Cfa Inc.
Official website here: www.llca.teamcfa.org
What is the revenue of Classical Academies Cfa Inc?
Classical Academies Cfa Inc's revenue in 2022 was $6,033,498.
Official website here: www.llca.teamcfa.org
Who are the executives of Classical Academies Cfa Inc and what are their salaries?
The average compensation at Classical Academies Cfa Inc during 2022 was $15,654. There are 210 employees and 45 volunteers at Classical Academies Cfa Inc.
Here are 11 key members and their salaries:
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Official website here: www.llca.teamcfa.org
Where can I find the form 990 for Classical Academies Cfa Inc?
Classical Academies Cfa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.llca.teamcfa.org
Learn more at the official website: www.llca.teamcfa.org
Mission Statement of Classical Academies Cfa Inc
Classical Academies CFA Inc, as a nonprofit organization, is dedicated to operating a public charter school with the primary goal of educating children residing in the community. This mission is evident in their provision of a public charter school program, which serves as the backbone of their operations. The organization's purpose is to contribute positively to the community by providing quality education to its young members, thereby fostering their growth and development. By operating a public charter school, Classical Academies CFA Inc plays a vital role in shaping the future of the children in its charge, aiming to equip them with the necessary knowledge and skills to thrive in their respective paths.
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Impact
October, 2024
Classical Academies Cfa Inc significantly impacts the local community by providing quality education through its public charter school, Lake Lure Classical Academy. By focusing on the educational needs of children in Lake Lure, NC, it fosters academic development and personal growth among students. The school offers a structured learning environment that emphasizes a classical education approach, enabling students to develop critical thinking and communication skills.
The academy not only serves as an educational institution but also as a community hub, bringing families together and engaging them in the learning process. Its commitment to education enhances the overall quality of life in the area, increasing educational opportunities and contributing to the community's social fabric. Through its programs, Classical Academies Cfa Inc prepares students for future academic and life challenges, ultimately shaping responsible and informed citizens.
This information is meant to be a general summary of Classical Academies Cfa 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $10,409
- Gross Receipts: $6,033,498
Assets and Liabilities:
- Total Assets: $2,066,749
- Total Liabilities: $264,270
- Net Assets: $1,802,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care
Revenue
$10,409
Organization Details
Founding Year
2009
Phone
(828) 625-9292Principal Officer
Mark Hamann
Main Address
P O Box 6, Lake Lure, NC, 28746
Website
www.llca.teamcfa.orgNTEE Category
Code: B29 - Education
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