Overview
What is Charlotte Lab Schools Inc?
Charlotte Lab Schools Inc, based in Charlotte, North Carolina, operates a public charter school, serving approximately 975 students annually. Their mission is to revolutionize the educational experience, equipping students effectively for higher education and careers. They strive to achieve this goal by fostering innovative practices in teaching and leadership, and by serving as a model for the broader community. With a team of 161 dedicated individuals, Charlotte Lab Schools Inc is committed to redefining learning, aiming to cater to the evolving needs of the modern world.
Official website here: www.charlottelabschool.org
What are the reviews and ratings of this charity?
Charlotte Lab Schools Inc has achieved a Three-Star out of Four Star rating from Charity Navigator, with a score of 77%. This evaluation focuses solely on Accountability & Finance, indicating strong governance practices, as evidenced by its full board independence and effective financial oversight through an audit and oversight committee. The score highlights areas of concern, such as a high liabilities to assets ratio, which is not favorable, and the absence of a whistleblower policy.
The nonprofit has received full marks for its program expense ratio, showing that a significant portion of its budget is directed towards its mission. Noteworthy strengths include the complete independence of its board and a conflict of interest policy. However, the lacking whistleblower policy and incomplete public transparency regarding tax forms are areas needing improvement.
Although no user reviews are available from GreatNonprofits, Charlotte Lab Schools Inc presents a well-managed financial structure based on the available Charity Navigator data. The organization's focus on educational programs is underscored by key financial investments, but future evaluations would benefit from additional metrics on impact and cultural engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Charlotte Lab Schools Inc legitimate?
Charlotte Lab Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Lab Schools 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: $226,092
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,105,315
For more financial information, click here
Official website here: www.charlottelabschool.org
What is the mission statement of Charlotte Lab Schools Inc?
Charlotte Lab Schools Inc's mission is centered around transforming the educational experience to better prepare students for success in higher education and their future careers. They aim to serve as a model for innovative teaching and leadership practices, fostering a learning environment that goes beyond conventional methods. This is achieved through community partnerships, which enable the school to stay at the forefront of educational advancements. The goal is to provide students with a comprehensive education that equips them for their future endeavors.
Official website here: www.charlottelabschool.org
What is the revenue of Charlotte Lab Schools Inc?
Charlotte Lab Schools Inc's revenue in 2024 was $11,481,580.
Official website here: www.charlottelabschool.org
Who are the executives of Charlotte Lab Schools Inc and what are their salaries?
The average compensation at Charlotte Lab Schools Inc during 2024 was $32,469. There are 195 employees and 238 volunteers at Charlotte Lab Schools Inc.
Here are 16 key members and their salaries:
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- Compensation: $127,310
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- Compensation: $98,782
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Official website here: www.charlottelabschool.org
Where can I find the form 990 for Charlotte Lab Schools Inc?
Charlotte Lab Schools Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.charlottelabschool.org
Learn more at the official website: www.charlottelabschool.org
Mission Statement of Charlotte Lab Schools Inc
Charlotte Lab Schools Inc is committed to redesigning the educational experience, aiming to better prepare students for success in college and their future careers. The organization serves this purpose by acting as a model for innovative teaching and leadership practices. Through community partnerships, Charlotte Lab Schools Inc seeks to embody these innovative methods, setting a standard for others to follow. The mission of Charlotte Lab Schools Inc is to not only educate its students but also contribute to the broader educational community by demonstrating effective and forward-thinking educational strategies.
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Impact
July, 2024
Charlotte Lab Schools Inc's impact lies in its mission to redesign the school experience for students, better preparing them for success in college and career. By operating a public charter school in Charlotte, North Carolina with a focus on innovative teaching and leadership practices, the organization serves as a model for educational excellence. Through community partnerships, Charlotte Lab Schools Inc seeks to not only impact the students directly served by the school but also inspire broader systemic change within the education sector.
This information is meant to be a general summary of Charlotte Lab Schools 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 2024.
- Investment Income: $877
- Program Service Revenue: $101,063
- Gross Receipts: $11,481,580
Assets and Liabilities:
- Total Assets: $2,692,483
- Total Liabilities: $1,217,000
- Net Assets: $1,475,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT ACTIVITIES
Revenue
$58,036
FOOD SERVICE REVENUE
Revenue
$43,027
Organization Details
Founding Year
2014
Principal Officer
Dr Mary Moss
Website
www.charlottelabschool.orgNTEE Category
Code: B20 - Education
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