Overview
What is Lifespring Academy Inc?
Lifespring Academy Inc, situated in Clayton, North Carolina, is a nonprofit organization that focuses on delivering Christian education. Their mission encompasses covering various educational expenses, including computers, school supplies, curriculum costs, field trips, teacher remuneration, and payroll taxes. By offering this comprehensive educational program, Lifespring Academy aims to foster a nurturing learning environment for its students, nurturing their spiritual and academic growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Lifespring Academy Inc has received a one-star rating from Charity Navigator, indicating significant issues in accountability and financial transparency. While the organization benefits from a fully independent board, it scores poorly in areas such as financial statements, conflict of interest policies, and other essential governance documents. The lack of publicly accessible financial information raises concerns about the organization's overall accountability.
Despite these challenges, Lifespring Academy demonstrates a strong commitment to its programming, evident from a program expense ratio of 82.33%. This suggests that a significant portion of its resources is directed towards fulfilling its mission, although this is overshadowed by the lack of transparency in financial practices. The organization has not disclosed critical financial details, which may affect donor trust and confidence.
Additionally, the high liabilities to assets ratio of 278.68% is alarming and suggests potential financial instability. Stakeholders are encouraged to approach with caution, considering the absence of key governance policies and missing financial documentation. Potential donors and partners should weigh these factors carefully before engaging with Lifespring Academy.
This AI summary has been generated from information found on Charity Navigator.
Is Lifespring Academy Inc legitimate?
Lifespring Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifespring 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: $139,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $757,099
For more financial information, click here
What is the mission statement of Lifespring Academy Inc?
Lifespring Academy Inc. is an educational institution that is committed to providing Christian education. The academy covers various expenses such as computers, school supplies, curriculum expenses, field trips, teachers' salaries, and payroll taxes to ensure a comprehensive learning environment. While the information provided does not explicitly mention a mission statement, it can be inferred that the academy's mission is to impart knowledge and values within a Christian context. The academy's location is not mentioned in the provided data.
Who is the CEO of Lifespring Academy Inc?
Dawn Parker is the President of Lifespring Academy Inc.
What is the revenue of Lifespring Academy Inc?
Lifespring Academy Inc's revenue in 2023 was $1,411,957.
Who are the executives of Lifespring Academy Inc and what are their salaries?
The average compensation at Lifespring Academy Inc during 2023 was $22,987. There are 39 employees and 21 volunteers at Lifespring Academy Inc.
Here are 3 key members and their salaries:
- Compensation: $19,800
- Related: $0
- Other: $0
- Compensation: $41,600
- Related: $0
- Other: $0
- Compensation: $78,000
- Related: $0
- Other: $0
Where can I find the form 990 for Lifespring Academy Inc?
Lifespring Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lifespring Academy Inc
Lifespring Academy, a nonprofit institution, is dedicated to the provision of Christian education. Its mission is multifaceted, encompassing various expenses such as computer and school supply costs, curriculum development, funding for field trips, remuneration for teachers, and payment of payroll taxes. By doing so, the academy aims to offer a comprehensive learning environment grounded in Christian principles. While the location of this academy is not mentioned in the provided information, it is clear that Lifespring Academy is committed to providing quality Christian education to its students.
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Impact
July, 2024
Lifespring Academy Inc's impact lies in providing Christian education to students in Clayton, NC. It covers expenses such as computers, school supplies, curriculum, field trips, teachers' salaries, and payroll taxes. By offering this type of education, Lifespring Academy contributes to the academic and spiritual growth of its students, shaping them into well-rounded individuals who are equipped with values rooted in Christianity. This impact extends beyond the classroom, influencing the community and creating a positive ripple effect on society at large.
This information is meant to be a general summary of Lifespring 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 2023.
- Program Service Revenue: $1,411,957
- Gross Receipts: $1,411,957
Assets and Liabilities:
- Total Assets: $80,916
- Total Liabilities: $225,498
- Net Assets: -$144,582
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,411,957
Organization Details
Founding Year
2011
Phone
(919) 359-9959Principal Officer
Dawn Parker
Main Address
P O BOX 1567, CLAYTON, NC, 27528
NTEE Category
Code: B20 - Education
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