Lakeview Preschool Inc

Charity Navigator Rating: Needs Improvement. Lakeview Preschool Inc has received a Two-Star out of Four Star rating with an overall score of 73%. This rating indicates that while the organization has some strengths, there are significant areas that require attention, particularly in accountability and financial transparency.

One of the notable strengths of Lakeview Preschool Inc is its strong commitment to program expenses, with an impressive program expense ratio of 85.84%. Additionally, the organization has a fully independent board, with 71% of its members being independent, which adds to its governance credibility. However, the lack of financial statements and missing policies, such as a whistleblower and document retention policy, raises concerns about transparency and accountability in its operations.

While the organization has shown positive aspects in governance and program spending, the absence of critical financial documentation and policies could hinder its effectiveness and trustworthiness. As it works to enhance its accountability measures, stakeholders may want to monitor the organization's progress in addressing these issues.

This AI summary has been generated from information found on Charity Navigator.

Lakeview Preschool Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeview Preschool 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: $63,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $273,262

For more financial information, click here

Official website here: www.lakeviewucc.com/preschool