Overview
What is L & E Academy Foundation?
L&E Academy Foundation is a nonprofit organization committed to fostering academic excellence and supporting students in achieving their personal goals. They utilize a flexible learning environment and modern educational technology to provide an educational experience that surpasses traditional high schools, catering to learners who seek something unique. At L&E Academy, education is tailored to individuals, ensuring each student feels seen, heard, valued, and thrives within the dynamic learning space. The organization's mission is to create an engaging, non-conformist educational environment that caters to the needs of all learners.
Official website here: www.lead-prep.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (46%)
The L & E Academy Foundation has received a low ranking of 46%, which translates to a Zero-Star out of Four Star rating from Charity Navigator. This score reflects serious concerns regarding the charity's accountability and financial practices, with a notable absence of financial statements and several missing policies, including conflict of interest and whistleblower policies. While the organization does maintain a majority independent board, the overall financial transparency is insufficient.
Strengths for the organization include a solid program expense ratio of approximately 64%, indicating a significant portion of funds is directed toward its programs. Additionally, the foundation has demonstrated good governance practices with 71% of its board members being independent and having documented board meeting minutes. However, these strengths are overshadowed by critical gaps in financial reporting and accountability.
Limitations are prominent, particularly with a liabilities to assets ratio of 112.75%, suggesting that the foundation may be operating with greater liabilities than assets. The lack of a posted tax form on the nonprofit's website and missing essential policies further jeopardizes trust in the organization’s financial management. Overall, significant improvements in transparency and governance practices are necessary for the L & E Academy Foundation to enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is L & E Academy Foundation legitimate?
L & E Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. L & E Academy Foundation 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: $215,328
Professional Fundraising Fees: $0
Other Salaries and Wages: $467,167
For more financial information, click here
Official website here: www.lead-prep.org/
What is the mission statement of L & E Academy Foundation?
The L&E Academy Foundation's mission is to establish an engaging and inclusive learning environment that caters to the diverse needs of all students. This dynamic space aims to go beyond traditional high school education, leveraging modern technological resources to provide an educational experience that fosters the growth and success of each student in their personal goals. The foundation strives to ensure that every learner feels seen, heard, valued, and thrives in this flexible learning environment.
Official website here: www.lead-prep.org/
Who is the CEO of L & E Academy Foundation?
Maureen C O'Shaughnessy is the Executive Director of L & E Academy Foundation.
Official website here: www.lead-prep.org/
What is the revenue of L & E Academy Foundation?
L & E Academy Foundation's revenue in 2022 was $1,361,339.
Official website here: www.lead-prep.org/
Who are the executives of L & E Academy Foundation and what are their salaries?
The average compensation at L & E Academy Foundation during 2022 was $37,916. There are 18 employees at L & E Academy Foundation.
Here are 10 key members and their salaries:
- Compensation: $215,328
- Related: $0
- Other: $6,379
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- Other: $0
Official website here: www.lead-prep.org/
Where can I find the form 990 for L & E Academy Foundation?
L & E Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lead-prep.org/
Learn more at the official website: www.lead-prep.org/
Mission Statement of L & E Academy Foundation
L&E Academy Foundation, in its mission, strives to establish an engaging learning environment that caters to the diverse needs of all learners. The organization aims to ensure that every student is recognized, their voices are heard, and they are valued as they strive towards academic excellence and personal goal achievement. Embracing a flexible learning environment and modern educational technology, L&E Academy Foundation provides an educational experience that surpasses or differs from a conventional high school. The goal is to foster an environment where learners can thrive and grow, not just academically, but as individuals as well.
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Impact
July, 2024
The impact of L & E Academy Foundation is evident in the transformation it brings to students' educational experiences. By creating a dynamic space where education is engaging and tailored to individual learners, the foundation prepares students for academic excellence and success in their personal goals. Through a flexible learning environment and modern educational technology, they serve students seeking an educational experience beyond the traditional high school setting. This approach ensures that all learners are seen, heard, valued, and thriving. The foundation's work not only enhances the educational journey of students but also contributes to a more inclusive and effective educational system.
This information is meant to be a general summary of L & E Academy Foundation. 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: $2,509
- Program Service Revenue: $1,226,848
- Gross Receipts: $1,380,041
Assets and Liabilities:
- Total Assets: $856,217
- Total Liabilities: $505,177
- Net Assets: $351,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$1,226,848
Organization Details
Founding Year
2013
Phone
(425) 298-6451Principal Officer
Maureen C O'Shaughnessy
Main Address
316 4TH AVENUE S, KIRKLAND, WA, 98033
Website
www.lead-prep.org/NTEE Category
Code: B25 - Education
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