Overview
What is Lake Ridge Academy?
Lake Ridge Academy, established in 1963, is a nonprofit independent co-educational college preparatory school located at 37501 Center Ridge Road, North Ridgeville, Ohio, 44039. Approximately 406 students attend this institution, ranging from kindergarten to twelfth grade. The mission of Lake Ridge Academy is to foster confident young people of integrity, encouraging critical and creative thinking while embracing the joy of lifelong learning. With a team of 128 dedicated employees, the academy is committed to sending future generations into an ever-evolving world.
Official website here: www.lakeridgeacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star rating from Charity Navigator
Lake Ridge Academy has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is derived entirely from their Accountability & Finance metrics, which suggests that the organization maintains a strong commitment to financial transparency and responsible governance practices.
The organization demonstrates a high level of oversight, with all board members being independent and a well-structured audit and oversight committee in place. Their program expense ratio is commendable at 86.44%, which reflects a strong commitment to utilizing funds directly for their programs. Furthermore, they have policies in place for conflict of interest, whistleblower protection, and document retention, all contributing to their transparency.
However, there is a noted area of concern regarding the liabilities to assets ratio, where they scored 0 out of 15 points. This could indicate potential financial risks that stakeholders may want to monitor. Overall, while Lake Ridge Academy shows strong financial accountability, attention to their financial liabilities would be prudent moving forward.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake Ridge Academy?
98% of 38 reviewers on Facebook recommend Lake Ridge Academy. Here is a summary of their reviews: The overwhelming sentiment reflects a strong appreciation for the school's environment and experience. One reviewer praised their time as an exchange student, describing it as the best experience of their life, illustrating the positive impact the school has had on its students.
Overall, the feedback reveals that attendees are satisfied with the educational opportunities provided by Lake Ridge Academy, indicating that the institution successfully fulfills its promises to create a nurturing and enriching learning environment.
This AI summary has been generated from reviews found on Facebook.
Is Lake Ridge Academy legitimate?
Lake Ridge Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Ridge Academy 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: $361,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,711,706
For more financial information, click here
Official website here: www.lakeridgeacademy.org
What is the mission statement of Lake Ridge Academy?
Lake Ridge Academy's mission is to cultivate young people of integrity, ready to face a changing world. Embracing the joy of lifelong learning, these students are encouraged to think critically and creatively. Established in 1963, the independent co-educational college preparatory school serves approximately 406 students in grades kindergarten through twelve. By nurturing their intellectual and personal growth, Lake Ridge Academy aims to instill confidence and a love for learning that will last a lifetime.
Official website here: www.lakeridgeacademy.org
Who is the CEO of Lake Ridge Academy?
Mark Charvat is the Chair of Lake Ridge Academy.
Official website here: www.lakeridgeacademy.org
What is the revenue of Lake Ridge Academy?
Lake Ridge Academy's revenue in 2022 was $14,706,363.
Official website here: www.lakeridgeacademy.org
Who are the executives of Lake Ridge Academy and what are their salaries?
The average compensation at Lake Ridge Academy during 2022 was $39,635. There are 128 employees and 75 volunteers at Lake Ridge Academy.
Here are 22 key members and their salaries:
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Official website here: www.lakeridgeacademy.org
Where can I find the form 990 for Lake Ridge Academy?
Lake Ridge Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeridgeacademy.org
Learn more at the official website: www.lakeridgeacademy.org
Mission Statement of Lake Ridge Academy
Lake Ridge Academy, a renowned independent co-educational college preparatory school, is dedicated to shaping young people of integrity and resilience, prepared to face a rapidly evolving world. With a rich history dating back to 1963, the academy nurtures approximately 406 students from kindergarten through twelfth grade.
The mission of Lake Ridge Academy is threefold. First and foremost, it aims to foster self-assured students with strong moral principles. Second, it encourages students to think critically and creatively, enabling them to navigate challenges with intellectual curiosity. Lastly, it instills in them a lifelong passion for learning, ensuring they remain adaptable in the face of change.
In essence, Lake Ridge Academy serves as a beacon of education that equips young minds with the necessary skills to succeed in a complex and ever-changing world. It nurtures the next generation of confident and well-rounded individuals, endowed with the critical thinking and creative abilities needed to tackle the challenges of tomorrow.
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Impact
October, 2024
Lake Ridge Academy significantly impacts its community by cultivating confident young individuals equipped with the critical thinking and creative skills necessary for navigating an ever-evolving world. Founded in 1963, this independent co-educational college preparatory school serves approximately 406 students from kindergarten through grade twelve in North Ridgeville, Ohio.
The Academy's mission centers on instilling integrity and a passion for lifelong learning, ensuring that each student not only excels academically but also embraces the joy of discovery and personal growth. By fostering an inclusive learning environment, Lake Ridge Academy prepares students not just for higher education, but for meaningful contributions to society, empowering them to become thoughtful and engaged citizens. The emphasis on character development and a commitment to excellence cultivates a well-rounded educational experience that resonates through the community and beyond.
This information is meant to be a general summary of Lake Ridge Academy. 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: $92,467
- Program Service Revenue: $11,803,293
- Gross Receipts: $14,814,771
Assets and Liabilities:
- Total Assets: $13,940,629
- Total Liabilities: $10,402,408
- Net Assets: $3,538,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT TUITION
Revenue
$11,584,829
TRANSPORTATION FEE
Revenue
$128,338
EXTENDED DAY PROGRAM
Revenue
$33,515
SUMMER SCHOOL PROGRAM
Revenue
$23,303
AFTER SCHOOL ACTIVITIES
Revenue
$15,454
Organization Details
Founding Year
1963
Phone
(440) 327-1175Principal Officer
Mark Charvat
Main Address
37501 CENTER RIDGE ROAD, NORTH RIDGEVILLE, OH, 44039
Website
www.lakeridgeacademy.orgNTEE Category
Code: B24Z - Education
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