Overview
What is North Lakes Charter Academy?
North Lakes Charter Academy is a public charter school situated in Forest Lake, Minnesota, specifically at 308 15th Street. Serving students from kindergarten to twelfth grade, the academy offers a rigorous liberal arts education across two campuses. As of the 2021-2022 academic year, the school catered to 605 students, with an estimated increase to over 650 students for the 2022-2023 school year. North Lakes Charter Academy's mission is to provide a comprehensive, liberal arts curriculum in a small, personalized, developmentally appropriate learning environment, with the goal of fostering confident, skilled scholars and active citizens. The academy employs a dedicated workforce of 107 individuals.
Official website here: www.northlakesacademy.org
What are the reviews and ratings of this charity?
**North Lakes Charter Academy**
**Charity Navigator Rating: Needs Improvement (Two Stars, 73%)**
North Lakes Charter Academy has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement, particularly in board independence and financial health. While the organization excels in accountability and finance, with a score of 100%, it faces challenges in the governance aspect, as only 37% of its board members are independent. Other notable strengths include strong financial oversight and the presence of essential policies such as conflict of interest and whistleblower protections.
The nonprofit's financial performance shows a high program expense ratio of 92.06%, suggesting that a significant portion of its budget is directed toward its core mission. However, it has reported a concerning liabilities-to-assets ratio of nearly 180%, raising questions about its long-term financial sustainability. Transparency issues are present as well, with the tax form missing on the nonprofit's website.
User reviews from GreatNonprofits were not available, which limits insights on public perception and personal experiences with the organization. Overall, while North Lakes Charter Academy demonstrates strong financial management capabilities, its governance and financial health concerns highlight areas for growth.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about North Lakes Charter Academy?
98% of 34 reviewers on Facebook recommend North Lakes Charter Academy. Here's a summary of their reviews:
Many families appreciate the supportive community and smaller class sizes that foster a nurturing educational environment. Reviewers frequently highlight the school's commitment to developing the whole child, balancing academic rigor with personal growth. The anticipation for new programs, such as the upcoming K-4 opening, indicates a strong confidence in the academy’s mission and direction.
Overall, it’s clear that North Lakes Charter Academy is well-regarded by parents who value a holistic approach to education, making it a favorable choice for families seeking a positive and engaging learning experience for their children.
This AI summary has been generated from reviews found on Facebook.
Is North Lakes Charter Academy legitimate?
North Lakes Charter Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Lakes Charter 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: $477,213
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,653,986
For more financial information, click here
Official website here: www.northlakesacademy.org
What is the mission statement of North Lakes Charter Academy?
North Lakes Charter Academy's mission is centered around providing a robust, liberal arts curriculum in a nurturing, personalized learning environment. This educational institution strives to foster confident, skilled scholars and well-rounded citizens. The school emphasizes small class sizes and developmentally appropriate learning, with the ultimate goal of graduating students who are well-equipped for their future academic and societal endeavors.
Official website here: www.northlakesacademy.org
Who is the CEO of North Lakes Charter Academy?
Cam Stottler is the Chair of North Lakes Charter Academy.
Official website here: www.northlakesacademy.org
What is the revenue of North Lakes Charter Academy?
North Lakes Charter Academy's revenue in 2022 was $7,717,810.
Official website here: www.northlakesacademy.org
Who are the executives of North Lakes Charter Academy and what are their salaries?
The average compensation at North Lakes Charter Academy during 2022 was $38,609. There are 107 employees and 31 volunteers at North Lakes Charter Academy.
Here are 9 key members and their salaries:
- Compensation: $52,773
- Related: $0
- Other: $8,298
- Compensation: $50,044
- Related: $0
- Other: $7,725
- Compensation: $69,447
- Related: $0
- Other: $13,531
- Compensation: $60,935
- Related: $0
- Other: $11,596
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $48,873
- Related: $0
- Other: $10,270
- Compensation: $95,437
- Related: $0
- Other: $19,784
Official website here: www.northlakesacademy.org
Where can I find the form 990 for North Lakes Charter Academy?
North Lakes Charter Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northlakesacademy.org
Learn more at the official website: www.northlakesacademy.org
Mission Statement of North Lakes Charter Academy
North Lakes Charter Academy, a public charter school, is dedicated to providing a comprehensive and rigorous liberal arts curriculum in a nurturing, small, and developmentally appropriate learning environment. The mission of this esteemed institution is to foster students from grades K through 12, cultivating them into confident, skilled scholars and citizens. By offering an individualized approach to learning, North Lakes Charter Academy aims to graduate students who are well-equipped to navigate the complexities of the modern world. With an enrollment of 605 students in the current academic year, the school is set to serve over 650 students in the upcoming year, 2022-2023.
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Impact
July, 2024
North Lakes Charter Academy's impact can be seen in the lives of its students who receive a rigorous liberal arts education from kindergarten through 12th grade. By providing a small, personalized, and developmentally appropriate learning environment, the academy helps students develop into confident and skilled scholars and citizens. With a mission to offer high-quality education, North Lakes Charter Academy plays a crucial role in shaping the future of its students and preparing them for success in their academic and professional endeavors.
This information is meant to be a general summary of North Lakes Charter 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: $1,012
- Program Service Revenue: $139,663
- Gross Receipts: $7,717,460
Assets and Liabilities:
- Total Assets: $4,392,458
- Total Liabilities: $8,203,464
- Net Assets: -$3,811,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM PATRONS
Revenue
$122,621
MEDICAL ASSISTANCE REV
Revenue
$9,265
FOOD SERVICE
Revenue
$5,710
ACTIVITY REVENUE
Revenue
$2,067
Organization Details
Founding Year
1999
Phone
(651) 982-2688Principal Officer
Cam Stottler
Main Address
308 15TH STREET, FOREST LAKE, MN, 55025
Website
www.northlakesacademy.orgNTEE Category
Code: B24 - Education
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