Overview
What is Lynnhaven Academy Inc?
Lynnhaven Academy Inc is a nonprofit organization that fosters a distinct and innovative learning environment, rooted in principles of excellence and compassion. This inclusive and globally aware community values creativity, encouraging academic growth and personal development. By offering an independent learning environment, Lynnhaven Academy empowers its students to become well-rounded individuals, equipped to navigate the complexities of the modern world.
Official website here: www.lynnhavenacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars
Lynnhaven Academy Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The overall score of 64% reflects strengths in community engagement and a high program expense ratio of 71.19%, suggesting that a significant portion of its funds is directed toward its programs. However, the organization scores poorly in several critical policy areas, including the absence of a whistleblower policy and a document retention policy, which may hinder transparency and governance.
User feedback from Great Nonprofits highlights the positive impact Lynnhaven Academy has on students, with one board member emphasizing its effective hands-on learning approach that helps unlock student potential. This suggests that the organization has a strong community connection and is fulfilling its educational mission effectively, which may be contributing to high constituent feedback scores.
Despite the positive reviews regarding its educational programs and community engagement, the lack of robust governance practices and transparency measures noted in Charity Navigator's assessment could pose limitations to the organization's overall effectiveness. Addressing these financial accountability concerns could enhance Lynnhaven Academy's reputation and operational success in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lynnhaven Academy Inc legitimate?
Lynnhaven Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynnhaven Academy 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: $177,598
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lynnhavenacademy.com
What is the mission statement of Lynnhaven Academy Inc?
Lynnhaven Academy Inc. is committed to establishing an independent and innovative learning environment. This environment is founded on principles of excellence and compassion, fostering a learning community that is inclusive and globally aware. The academy prioritizes nurturing a creative space where students can thrive, promoting personal growth and understanding beyond their immediate surroundings.
Official website here: www.lynnhavenacademy.com
Who is the CEO of Lynnhaven Academy Inc?
Elizabeth Hanson is the Treasurer of Lynnhaven Academy Inc.
Official website here: www.lynnhavenacademy.com
What is the revenue of Lynnhaven Academy Inc?
Lynnhaven Academy Inc's revenue in 2022 was $1,059,813.
Official website here: www.lynnhavenacademy.com
Who are the executives of Lynnhaven Academy Inc and what are their salaries?
The average compensation at Lynnhaven Academy Inc during 2022 was $11,100. There are 16 employees and 11 volunteers at Lynnhaven Academy Inc.
Here are 13 key members and their salaries:
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- Compensation: $75,000
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Official website here: www.lynnhavenacademy.com
Where can I find the form 990 for Lynnhaven Academy Inc?
Lynnhaven Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lynnhavenacademy.com
Learn more at the official website: www.lynnhavenacademy.com
Mission Statement of Lynnhaven Academy Inc
Lynnhaven Academy Inc strives to establish a learning environment that is both independent and creative, founded on principles of excellence and compassion. This institution aspires to nurture a learning community that is inclusive, globally aware, and fosters growth and development in its students. By fostering an environment that values excellence and compassion, Lynnhaven Academy Inc aims to empower its students to become active and responsible global citizens.
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Impact
October, 2024
Lynnhaven Academy Inc significantly impacts its community by fostering an independent and creative learning environment that emphasizes excellence and compassion. Situated in Richmond, VA, the academy is dedicated to cultivating an inclusive and globally aware community where students can thrive. By prioritizing innovative educational practices, Lynnhaven Academy empowers students to develop critical thinking skills, embrace diversity, and engage with the world around them. This holistic approach not only enhances academic achievement but also prepares students to become conscientious and compassionate global citizens.
This information is meant to be a general summary of Lynnhaven Academy 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.
- Investment Income: $32
- Program Service Revenue: $932,201
- Gross Receipts: $1,059,813
Assets and Liabilities:
- Total Assets: $874,174
- Total Liabilities: $637,672
- Net Assets: $236,502
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$932,201
Organization Details
Founding Year
2015
Principal Officer
Elizabeth Hanson
Main Address
1000 WESTOVER HILLS BLVD, RICHMOND, VA, 23225
Website
www.lynnhavenacademy.comNTEE Category
Code: B20 - Education
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