Overview
What is Lincoln Preparatory Academy?
Lincoln Preparatory Academy is a nonprofit educational institution located in Phoenix, Arizona, specifically at 4801 E WASHINGTON STREET SUITE 250. Their mission is to develop well-rounded leaders, going beyond mere test proficiency, by nurturing both the hearts and minds of their students. Drawing from a classical liberal arts tradition, Lincoln Preparatory Academy employs a unique, innovative approach to education. This method encourages students to seek truth, goodness, and beauty, thereby preparing them for success in higher education and their future careers.
Official website here: www.lincolnprepacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Lincoln Preparatory Academy has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score reflects strong governance practices, as highlighted by the presence of a fully independent board and comprehensive financial oversight. With a high program expense ratio of 86.05%, the organization demonstrates a commitment to channeling funds towards its mission.
The organization excels in several key areas, including having no material diversion of assets and maintaining a well-structured conflict of interest policy. Additionally, they have implemented essential policies such as a whistleblower policy and document retention procedures, enhancing transparency and accountability. The board meeting minutes are documented, further showcasing their commitment to good governance.
However, Lincoln Preparatory Academy's liabilities to assets ratio stands at 89.58%, which may be a concern for potential donors regarding financial sustainability. While overall financial management appears strong, this area could benefit from closer examination to ensure long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Preparatory Academy legitimate?
Lincoln Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Preparatory Academy 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: $122,101
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,371,181
For more financial information, click here
Official website here: www.lincolnprepacademy.org
What is the mission statement of Lincoln Preparatory Academy?
Lincoln Preparatory Academy's mission is centered around preparing its students to excel beyond just acing tests. The academy aims to nurture great-hearted leaders who can achieve success in higher education and their professional careers. This is accomplished through a curriculum grounded in the classical liberal arts tradition and a revolutionary approach to education itself. The academy seeks to cultivate students' hearts and minds, guiding them in their pursuit of truth, goodness, and beauty.
Official website here: www.lincolnprepacademy.org
Who is the CEO of Lincoln Preparatory Academy?
Katherine Mcmillan is the President of Lincoln Preparatory Academy.
Official website here: www.lincolnprepacademy.org
What is the revenue of Lincoln Preparatory Academy?
Lincoln Preparatory Academy's revenue in 2022 was $5,402,071.
Official website here: www.lincolnprepacademy.org
Who are the executives of Lincoln Preparatory Academy and what are their salaries?
There 75 volunteers at Lincoln Preparatory Academy.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $103,236
- Other: $18,865
Official website here: www.lincolnprepacademy.org
Where can I find the form 990 for Lincoln Preparatory Academy?
Lincoln Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincolnprepacademy.org
Learn more at the official website: www.lincolnprepacademy.org
Mission Statement of Lincoln Preparatory Academy
Lincoln Preparatory Academy, through its education, aims to transform its students into more than just competent test-takers. Instead, the academy strives to develop great-hearted leaders who can thrive in their higher education and professional careers. Employing a curriculum rooted in the classical liberal arts tradition and an innovative approach to education itself, Lincoln Preparatory Academy nurtures the hearts and minds of its students as they pursue truth, goodness, and beauty.
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Impact
July, 2024
Lincoln Preparatory Academy's impact lies in its mission to prepare students to be more than just proficient test-takers. By cultivating great-hearted leaders capable of success in higher education and professional careers, the academy is shaping individuals who value truth, goodness, and beauty. Through a curriculum rooted in the classical liberal arts tradition and a revolutionary approach to education, Lincoln Preparatory Academy is empowering students to become well-rounded individuals who are equipped to make a positive impact on society.
This information is meant to be a general summary of Lincoln Preparatory Academy. 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: $804
- Program Service Revenue: $4,838,357
- Gross Receipts: $5,402,071
Assets and Liabilities:
- Total Assets: $1,270,465
- Total Liabilities: $413,208
- Net Assets: $857,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE EQUALIZATION
Revenue
$4,219,282
CLASSROOM SITE FUNDS
Revenue
$481,260
CO-CURRICULAR ACTIVITIES
Revenue
$137,739
PSO INCOME
Revenue
$76
Organization Details
Founding Year
2014
Phone
(602) 386-1881Principal Officer
Katherine Mcmillan
Main Address
4801 E WASHINGTON STREET SUITE 250, PHOENIX, AZ, 85034
Website
www.lincolnprepacademy.orgNTEE Category
Code: B29 - Education
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