Overview
What is Lighthouse Academies Of Northwest Indiana Inc?
Lighthouse Academies of Northwest Indiana Inc is a nonprofit organization based in Gary, Indiana, with a mission to establish new public charter schools for students and their parents within the state. The organization, managed by Lighthouse Academies, Inc., a national charter school management nonprofit, operates two public schools in Northwest Indiana, providing educational instruction to approximately 1,600 students from kindergarten to twelfth grade during the 2021-2022 school year. Lighthouse Academies of Northwest Indiana schools are known for their rigorous arts-infused program, designed to prepare scholars for college. The nonprofit's purpose is to form, manage, oversee, support, and encourage the continuation of public charter schools in Indiana. The organization employs a total of 362 people.
Official website here: www.lighthouse-academies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Lighthouse Academies Of Northwest Indiana Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization scored 85% overall, with its score derived solely from the Accountability & Finance beacon. This suggests that the charity is committed to maintaining transparency and good governance practices.
Key strengths of Lighthouse Academies include having a fully independent board, which enhances its credibility and decision-making integrity. Additionally, the charity has robust policies in place regarding conflict of interest and whistleblowing, alongside a thorough audit and oversight committee. These factors contribute to its high marks in fiscal management and accountability.
However, the organization faces some challenges, particularly in its liabilities to assets ratio, which stands at 64.65%. While it still maintains a healthy program expense ratio of 83.73%, the higher liability ratio may suggest areas for improvement in financial leverage and sustainability. Overall, the charity demonstrates a commendable commitment to responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lighthouse Academies Of Northwest Indiana Inc legitimate?
Lighthouse Academies Of Northwest Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Academies Of Northwest Indiana 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: $132,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,317,730
For more financial information, click here
Official website here: www.lighthouse-academies.org
What is the mission statement of Lighthouse Academies Of Northwest Indiana Inc?
Lighthouse Academies of Northwest Indiana (LANWI) was established to provide new public charter school options for students and their families in Indiana. Its primary objective is to establish, manage, oversee, support, and encourage the continuation of public charter schools within the state. LANWI schools are managed by Lighthouse Academies, Inc., a national non-profit charter school management organization that creates new, high-quality, public school choices for families. The organization operates under the belief that it prepares scholars for college through a rigorous arts-infused program.
Official website here: www.lighthouse-academies.org
Who is the CEO of Lighthouse Academies Of Northwest Indiana Inc?
Amina Payne is the Board Chair of Lighthouse Academies Of Northwest Indiana Inc.
Official website here: www.lighthouse-academies.org
What is the revenue of Lighthouse Academies Of Northwest Indiana Inc?
Lighthouse Academies Of Northwest Indiana Inc's revenue in 2022 was $27,684,957.
Official website here: www.lighthouse-academies.org
Who are the executives of Lighthouse Academies Of Northwest Indiana Inc and what are their salaries?
The average compensation at Lighthouse Academies Of Northwest Indiana Inc during 2022 was $28,868. There are 362 employees and 20 volunteers at Lighthouse Academies Of Northwest Indiana Inc.
Here are 7 key members and their salaries:
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- Compensation: $132,500
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Official website here: www.lighthouse-academies.org
Where can I find the form 990 for Lighthouse Academies Of Northwest Indiana Inc?
Lighthouse Academies Of Northwest Indiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lighthouse-academies.org
Learn more at the official website: www.lighthouse-academies.org
Mission Statement of Lighthouse Academies Of Northwest Indiana Inc
Lighthouse Academies of Northwest Indiana, a renowned non-profit organization, is dedicated to establishing and supporting new public charter schools in Indiana, providing families with quality educational choices. Managed by Lighthouse Academies, Inc., a national charter school management organization, LANWI schools uphold a rigorous arts-infused program to prepare scholars for college. The mission of Lighthouse Academies of Northwest Indiana is multifaceted. It aims to form, manage, oversee, and support the continuation of public charter schools within Indiana, thereby expanding educational options for students and their families. LANWI's schools are overseen by Lighthouse Academies, Inc., which is known for creating new, high-quality public schools nationwide. The organization operates under the belief that every student deserves a college- preparatory education. To achieve this, Lighthouse Academies of Northwest Indiana focuses on providing a robust and innovative learning environment that emphasizes the importance of arts integration in the educational experience. By integrating arts into the curriculum, the organization fosters creativity, critical thinking, and engagement among its students, ultimately setting them on the path to success in higher education and beyond.
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Impact
October, 2024
Lighthouse Academies of Northwest Indiana Inc. significantly enhances educational options for students and families in the region by establishing and managing public charter schools. The organization operates two charter schools, serving approximately 1,600 students from kindergarten through 12th grade, thereby directly impacting the educational landscape of Northwest Indiana.
By creating high-quality public school choices, Lighthouse Academies contributes to a more diverse educational ecosystem, allowing parents and students the flexibility to select learning environments that best suit their needs. The schools emphasize a rigorous, arts-infused curriculum designed to prepare scholars for college readiness. This focus not only enriches the academic experience but also fosters creativity and critical thinking skills.
The presence of these charter schools helps to address gaps in traditional public schooling, offering innovative educational approaches that prioritize student engagement and performance. Ultimately, the impact of Lighthouse Academies extends beyond individual academic success, contributing to the overall improvement of educational standards in the community and increasing opportunities for future generations.
This information is meant to be a general summary of Lighthouse Academies Of Northwest Indiana 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 2022.
- Investment Income: $10,874
- Program Service Revenue: $19,500
- Gross Receipts: $27,684,957
Assets and Liabilities:
- Total Assets: $26,811,381
- Total Liabilities: $20,595,863
- Net Assets: $6,215,518
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$19,500
Organization Details
Founding Year
2012
Phone
(813) 616-5921Principal Officer
Amina Payne
Main Address
725 CLARK ROAD, GARY, IN, 46406
Website
www.lighthouse-academies.orgNTEE Category
Code: B90 - Education
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