Overview
What is Life Prep?
Life Prep, or Concordia Creative Learning Academy, is a nonprofit institution situated in Minnesota. Its primary mission is to nurture students from preschool to grade 6, empowering them for a successful life. This is achieved by adhering to the Minnesota state education standards, outcomes, and objectives. The academy emphasizes understanding and utilizing individual learning styles, fostering a personalized education approach. Besides regular education, Life Prep offers additional programs such as a preschool, before and aftercare, and educational services. The school encourages positive behavior, instilling in students the values of love, learning, achieving, and succeeding, which they demonstrate through service learning projects like cleaning parks and volunteering. As of June 30, 2019, the academy had an average daily membership of approximately 218 students.
Official website here: www.lifeprepschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Life Prep has received a two-star rating from Charity Navigator, indicating areas that require improvement despite a solid program expense ratio of 85.14%. This high ratio suggests that a significant portion of its funds is directed towards its programs rather than administrative costs, which is a positive aspect of its operations. However, the organization faces challenges with governance and financial transparency, reflected in the low scores for board independence and liabilities to assets ratio.
The board of directors shows a lack of independence, with only 33% of members being independent, which raises concerns about oversight and governance practices. Additionally, while the organization has a robust audit committee and adheres to various policies such as conflict of interest and whistleblower protections, it has underperformed in financial transparency by not posting its tax form on its website. This missing information diminishes accountability to donors and the public.
While Life Prep has established certain strong practices, such as having no material diversion of assets and a sound program expense ratio, the nonprofit's overall financial health and governance structures require attention to improve its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Life Prep?
Life Prep has begun to gather attention, with early feedback highlighting a positive sentiment surrounding its commitment to education. A recent review mentions the school’s dedicated environment where teachers and students actively engage in discussions aimed at cultivating "highly educated scholars." This indicates a focus on academic growth and a supportive community atmosphere.
While there are only a couple of reviews so far, the enthusiasm expressed by the reviewer suggests that families appreciate the school's efforts and dedication to the students' educational development. The involvement of the community around the school further reinforces its impact and the value it brings to local families.
Overall, the response seems to indicate that Life Prep is moving in the right direction, with a focus on fostering educational success and community involvement, promising a bright future for its students.
This AI summary has been generated from reviews found on Facebook.
Is Life Prep legitimate?
Life Prep is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Prep 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,144,054
For more financial information, click here
Official website here: www.lifeprepschool.org
What is the mission statement of Life Prep?
Life Prep's mission is centered around preparing students from preschool to grade 6 for a successful life. They achieve this by providing elementary education and helping students understand and utilize their unique learning styles. This is accomplished by adhering to the Minnesota State Education Standards, Outcomes, and Objectives. The school encourages behaviors that embody the phrase "Love, Learn, Achieve, and Succeed," fostering a positive learning environment. Life Prep also encourages community involvement through service learning projects, such as cleaning local parks, volunteering at Feed My Starving Children, and participating in community parades. During the year ended June 30, 2019, the school had an average daily membership of approximately 218 students.
Official website here: www.lifeprepschool.org
Who is the CEO of Life Prep?
Nou Yang is the Member of Life Prep.
Official website here: www.lifeprepschool.org
What is the revenue of Life Prep?
Life Prep's revenue in 2022 was $4,522,530.
Official website here: www.lifeprepschool.org
Who are the executives of Life Prep and what are their salaries?
The average compensation at Life Prep during 2022 was $42,040. There are 51 employees and 4 volunteers at Life Prep.
Here are 6 key members and their salaries:
- Compensation: $49,636
- Related: $0
- Other: $10,140
- Compensation: $51,664
- Related: $0
- Other: $4,133
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lifeprepschool.org
Where can I find the form 990 for Life Prep?
Life Prep's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifeprepschool.org
Learn more at the official website: www.lifeprepschool.org
Mission Statement of Life Prep
Life Prep, a nonprofit organization, is dedicated to preparing students from preschool to grade 6 for a successful life. Their mission is to provide elementary education in accordance with the Minnesota State Education Standards, Outcomes, and Objectives. They strive to help students understand and utilize their unique learning styles by modeling behaviors that encourage love, learning, achievement, and success. Life Prep's students are actively involved in giving back to their community through service learning projects. These projects include cleaning up local parks, volunteering at Feed My Starving Children, and participating in community parades. The average daily membership for the year ending June 30, 2019, was approximately 218 students.
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Impact
July, 2024
Life Prep's impact is profound as it prepares students enrolled from preschool to grade 6 for a successful life. By providing elementary education and helping students understand and utilize their own learning styles, Life Prep equips students with the tools and knowledge necessary for long-term success. Through adherence to Minnesota state education standards, outcomes, and objectives, the academy ensures that students receive a high-quality education that sets them on a path towards achievement and fulfillment. Additionally, Life Prep fosters a sense of community engagement and service learning among its students, instilling values that encourage giving back and contributing positively to society. This holistic approach to education not only benefits the individual students but also enriches the wider community in which they live.
This information is meant to be a general summary of Life Prep. 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.
- Gross Receipts: $4,522,530
Assets and Liabilities:
- Total Assets: $2,297,160
- Total Liabilities: $4,728,975
- Net Assets: -$2,431,815
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Organization Details
Founding Year
1998
Phone
(651) 793-6624Principal Officer
Nou Yang
Main Address
930 GERANIUM AVENUE EAST, ST PAUL, MN, 55106
Website
www.lifeprepschool.orgNTEE Category
Code: B99Z - Education
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