Overview
What is Clear Lake Classical Incorporated?
Clear Lake Classical Incorporated is a private educational institution situated in Clear Lake, Iowa, at 5324 Lakeview Drive. As a nonprofit organization, their primary focus is on educating students, placing a significant emphasis on grammar, logic, and rhetoric in all subjects. The school, known for its classical and biblically-based approach, caters to young individuals in primary and secondary grade levels. With a dedicated team of 31 employees, Clear Lake Classical Incorporated aims to provide a nurturing environment that fosters intellectual growth and moral development.
Official website here: www.clearlakeclassical.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Clear Lake Classical Incorporated has received a solid Three-Star rating from Charity Navigator, with an overall score of 88%. This score reflects the charity's strong accountability and finance practices, which are essential for potential donors looking for transparency and effective use of funds. The rating is based entirely on their Accountability & Finance score, indicating a focused commitment to these areas.
The organization excels in several key metrics, such as having 100% independent board members and effectively minimizing liabilities to assets at a ratio of 0.00%. They also demonstrate a high program expense ratio of 83.92%, which suggests that a significant portion of their budget is directed toward their programs rather than administrative costs. These factors collectively indicate a strong financial position and dedication to their mission.
However, there are some limitations noted in their governance practices, as they are missing key policies such as a whistleblower policy and document retention and destruction policy. While this may not detract significantly from their overall rating, it does highlight areas where the organization could improve its governance framework to enhance accountability even further.
This AI summary has been generated from information found on Charity Navigator.
Is Clear Lake Classical Incorporated legitimate?
Clear Lake Classical Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clear Lake Classical Incorporated 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: $11,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $445,236
For more financial information, click here
Official website here: www.clearlakeclassical.org
What is the mission statement of Clear Lake Classical Incorporated?
Clear Lake Classical Incorporated is dedicated to offering a classical and religiously-grounded education to students in primary and secondary grades. Their mission is primarily focused on educating students, emphasizing the importance of grammar, logic, and rhetoric across all subjects. This private school strives to provide a comprehensive and well-rounded educational experience for its young learners.
Official website here: www.clearlakeclassical.org
Who is the CEO of Clear Lake Classical Incorporated?
Cory J Gerdts is the Board Member of Clear Lake Classical Incorporated.
Official website here: www.clearlakeclassical.org
What is the revenue of Clear Lake Classical Incorporated?
Clear Lake Classical Incorporated's revenue in 2023 was $754,712.
Official website here: www.clearlakeclassical.org
Who are the executives of Clear Lake Classical Incorporated and what are their salaries?
The average compensation at Clear Lake Classical Incorporated during 2023 was $14,717. There are 31 employees and 11 volunteers at Clear Lake Classical Incorporated.
Here are 7 key members and their salaries:
- Compensation: $11,500
- Related: $0
- Other: $0
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- Other: $0
- 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: $0
- Other: $0
Official website here: www.clearlakeclassical.org
Where can I find the form 990 for Clear Lake Classical Incorporated?
Clear Lake Classical Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.clearlakeclassical.org
Learn more at the official website: www.clearlakeclassical.org
Mission Statement of Clear Lake Classical Incorporated
Clear Lake Classical Incorporated is a private educational institution with a mission to provide a classical and biblically-grounded education to students in primary and secondary grade levels. The organization emphasizes grammar, logic, and rhetoric in all subjects, aiming to educate its students comprehensively. This private school is committed to equipping young learners with a well-rounded education that integrates religious teachings and classical philosophies.
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Impact
July, 2024
Clear Lake Classical Incorporated's impact lies in providing a classical and biblically-based education to young students in primary and secondary grade levels. Their emphasis on grammar, logic, and rhetoric in all subjects serves to cultivate critical thinking skills and a deep understanding of foundational principles. By offering this unique educational approach, Clear Lake Classical Incorporated plays a vital role in shaping the intellectual and moral development of the students, preparing them for success in their future endeavors.
This information is meant to be a general summary of Clear Lake Classical Incorporated. 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 2023.
- Investment Income: $1,826
- Program Service Revenue: $577,448
- Gross Receipts: $754,712
Assets and Liabilities:
- Total Assets: $600,994
- Total Liabilities: $0
- Net Assets: $600,994
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$423,394
NICSTO
Revenue
$87,906
FEES
Revenue
$32,480
BUSING INCOME
Revenue
$25,566
FIELD TRIP
Revenue
$5,468
Organization Details
Founding Year
2014
Phone
(515) 422-6717Principal Officer
Cory J Gerdts
Main Address
5324 LAKEVIEW DRIVE, CLEAR LAKE, IA, 50428
Website
www.clearlakeclassical.orgNTEE Category
Code: B21 - Education
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