Overview
What is Lafayette Preparatory Academy Inc?
Lafayette Preparatory Academy Inc, located at 1900 Lafayette Avenue, St Louis, Missouri 63104, is a nonprofit organization dedicated to operating a charter school. Their primary mission is to provide educational services to students from kindergarten to eighth grade in St. Louis. The academy aims to prepare its students not only for academic success but also to foster responsible and engaged citizens and leaders. With a workforce of 60 individuals, Lafayette Preparatory Academy is committed to nurturing the next generation into active participants in their communities. The academy's focus on comprehensive education equips students with the necessary skills to excel in their further studies and beyond.
Official website here: www.lafayetteprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
Lafayette Preparatory Academy Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflective of its strong commitment to accountability and finance. The organization has a perfect score in several key areas, including its independent board composition and financial transparency. Having an entirely independent board indicates a robust governance structure, which is essential for maintaining integrity and trust.
The academy demonstrated excellent financial health, with an impressive program expense ratio of 87.26%, suggesting that a significant portion of its resources is directed towards its educational mission. Additionally, the absence of any material diversion of assets further emphasizes its financial responsibility and accountability. The presence of key policies, such as conflict of interest and whistleblower protections, indicates a proactive approach to ethical governance.
Overall, Lafayette Preparatory Academy Inc’s high ratings suggest a well-managed organization focused on fulfilling its mission effectively. However, while the financial metrics are strong, potential donors and stakeholders might be interested in also evaluating the qualitative aspects of the academy's educational impact and community engagement for a more comprehensive understanding.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette Preparatory Academy Inc legitimate?
Lafayette Preparatory Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette Preparatory 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: $164,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,248,982
For more financial information, click here
Official website here: www.lafayetteprep.org
What is the mission statement of Lafayette Preparatory Academy Inc?
Lafayette Preparatory Academy Inc has a mission to prepare its students for both academic success and future college education. The academy aims to develop students into responsible and engaged citizens, equipping them with the necessary skills to lead effectively in their future endeavors. The academy operates as a community, fostering an environment that supports students' growth in all aspects, ultimately setting them up for success in various fields.
Official website here: www.lafayetteprep.org
Who is the CEO of Lafayette Preparatory Academy Inc?
Joe Olwig is the Board President of Lafayette Preparatory Academy Inc.
Official website here: www.lafayetteprep.org
What is the revenue of Lafayette Preparatory Academy Inc?
Lafayette Preparatory Academy Inc's revenue in 2022 was $5,123,323.
Official website here: www.lafayetteprep.org
Who are the executives of Lafayette Preparatory Academy Inc and what are their salaries?
The average compensation at Lafayette Preparatory Academy Inc during 2022 was $40,228. There are 60 employees and 100 volunteers at Lafayette Preparatory Academy Inc.
Here are 8 key members and their salaries:
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- Compensation: $69,882
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- Other: $19,364
- Compensation: $107,824
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- Other: $32,732
Official website here: www.lafayetteprep.org
Where can I find the form 990 for Lafayette Preparatory Academy Inc?
Lafayette Preparatory Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lafayetteprep.org
Learn more at the official website: www.lafayetteprep.org
Mission Statement of Lafayette Preparatory Academy Inc
Lafayette Preparatory Academy Inc is an institution dedicated to preparing its students for both academic and collegiate success. This mission extends beyond mere education, as the academy aims to equip its pupils with the skills necessary to become active, responsible, and involved citizens and leaders in the world. The academy fosters an environment that nurtures the growth of its students, enabling them to confidently navigate the challenges they may encounter in their future endeavors. By fostering a community that encourages academic excellence, Lafayette Preparatory Academy Inc empowers its students to make a positive impact in society, demonstrating the values of leadership and citizenship.
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Impact
October, 2024
Lafayette Preparatory Academy Inc significantly impacts the St. Louis community by focusing on the holistic development of students in kindergarten through eighth grade. The school emphasizes academic and collegiate readiness, ensuring that students not only excel in their studies but also develop the skills necessary for active citizenship and leadership. By fostering a supportive and engaging learning environment, Lafayette Preparatory Academy empowers its students to become responsible and involved members of society, preparing them for future challenges both in higher education and their personal lives. This commitment to nurturing well-rounded individuals contributes to the overall advancement of the community, creating a generation of informed and engaged citizens.
This information is meant to be a general summary of Lafayette Preparatory 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.
- Program Service Revenue: $114,685
- Gross Receipts: $5,124,449
Assets and Liabilities:
- Total Assets: $4,379,025
- Total Liabilities: $1,675,758
- Net Assets: $2,703,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$114,685
Organization Details
Founding Year
2011
Phone
(314) 880-4458Principal Officer
Joe Olwig
Main Address
1900 Lafayette Avenue, St Louis, MO, 63104
Website
www.lafayetteprep.orgNTEE Category
Code: B29 - Education
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