Overview
What is Southwest Louisiana Charter Academy Foundation Inc?
Southwest Louisiana Charter Academy Foundation Inc is a nonprofit organization based in Lake Charles, Louisiana, with an address at 1700 E McNeese Street, ZIP code 70607. The foundation operates Southwest Louisiana Charter Academy, providing education services to students from kindergarten through eighth grade in Calcasieu Parish County. Their mission is to offer a full kindergarten through twelfth grade system where all children can reach their personal and academic potential. The foundation owns and manages the charter academy, which aims to equip students with essential skills for superior levels of achievement.
Official website here: www.swlacharterfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
The Southwest Louisiana Charter Academy Foundation Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. While it has excelled in areas such as accountability and finance, achieving a perfect score of 100%, there are significant concerns regarding its transparency and governance practices. The presence of an independent board is commendable, but the absence of key policies, such as a whistleblower policy and document retention protocols, raises questions about the foundation's commitment to best practices.
Financially, the organization maintains a high program expense ratio of 68.18%, suggesting that a substantial portion of its resources is directed toward its core mission. However, the liabilities to assets ratio of 91.27% indicates potential financial strain, which could impact its sustainability in the long run. Although the foundation has successfully avoided material diversion of assets, it must address the governance gaps to enhance its operational integrity and public trust.
In summary, while the Southwest Louisiana Charter Academy Foundation demonstrates strengths in its financial accountability and independent governance structure, it faces critical challenges in transparency and policy implementation. To improve its overall rating and foster greater trust among stakeholders, the foundation should prioritize the development and publication of essential governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Louisiana Charter Academy Foundation Inc legitimate?
Southwest Louisiana Charter Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Louisiana Charter Academy Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,907,775
For more financial information, click here
Official website here: www.swlacharterfoundation.org
What is the mission statement of Southwest Louisiana Charter Academy Foundation Inc?
Southwest Louisiana Charter Academy Foundation Inc is dedicated to offering a comprehensive education system for students from kindergarten through twelfth grade. By providing them with the necessary tools and skills, the foundation aims to help children in the area reach their full academic potential. The mission of Southwest Louisiana Charter Academy Foundation Inc is to create a powerful platform for change, enabling all children to realize their personal and academic growth. The education services provided by the foundation cater to students in kindergarten through eighth grade.
Official website here: www.swlacharterfoundation.org
Who is the CEO of Southwest Louisiana Charter Academy Foundation Inc?
Ulysses Gene Thibodeaux is the Principal Officer of Southwest Louisiana Charter Academy Foundation Inc.
Official website here: www.swlacharterfoundation.org
What is the revenue of Southwest Louisiana Charter Academy Foundation Inc?
Southwest Louisiana Charter Academy Foundation Inc's revenue in 2022 was $22,063,757.
Official website here: www.swlacharterfoundation.org
Who are the executives of Southwest Louisiana Charter Academy Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.swlacharterfoundation.org
Where can I find the form 990 for Southwest Louisiana Charter Academy Foundation Inc?
Southwest Louisiana Charter Academy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swlacharterfoundation.org
Learn more at the official website: www.swlacharterfoundation.org
Mission Statement of Southwest Louisiana Charter Academy Foundation Inc
Southwest Louisiana Charter Academy Foundation, a nonprofit organization, is committed to providing a robust educational platform for students in their formative years. With a mission to unlock the full potential of all children, the Foundation operates a K-12 charter academy in various areas.
Through its schools, Southwest Louisiana Charter Academy Foundation offers a nurturing environment where students can acquire the essential tools and skills required for superior academic achievement. The Foundation's dedication to fostering personal and academic growth is reflected in its mission to offer a comprehensive educational system. By doing so, it aims to bring about transformative change in the community and beyond.
Southwest Louisiana Charter Academy, under the auspices of the Foundation, caters to students from kindergarten through eighth grade. Its educational services are designed to empower young learners, enabling them to develop a strong foundation in their academic pursuits. The organization's mission is to create an inclusive environment where every child can thrive and reach their full potential.
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Impact
October, 2024
Southwest Louisiana Charter Academy Foundation Inc significantly impacts the educational landscape in Calcasieu Parish by operating Southwest Louisiana Charter Academy, which serves students from kindergarten through twelfth grade. By offering a comprehensive K-12 educational system, the academy equips students with the essential tools and skills necessary for achieving superior academic performance. The foundation is committed to fostering personal and academic growth, providing a powerful platform for change in the community.
Through its educational services, the academy addresses the diverse needs of students, supporting their development and helping them realize their full potential. This commitment to accessible, quality education creates a positive ripple effect, enhancing the overall educational outcomes in the region.
This information is meant to be a general summary of Southwest Louisiana Charter Academy Foundation 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: $4,153
- Program Service Revenue: $26,343
- Gross Receipts: $22,063,757
Assets and Liabilities:
- Total Assets: $45,236,700
- Total Liabilities: $41,290,465
- Net Assets: $3,946,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD SERVICE
Revenue
$14,740
BEFORE AND AFTERCARE FEES
Revenue
$11,603
Organization Details
Founding Year
2012
Phone
(337) 475-7910Principal Officer
Ulysses Gene Thibodeaux
Main Address
1700 E MCNEESE STREET, LAKE CHARLES, LA, 70607
NTEE Category
Code: B21 - Education
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