Overview
What is Lexington Universal Academy Inc?
Lexington Universal Academy Inc, located at 4580 Nicholasville Road, Lexington, Kentucky 40515, is a nonprofit organization focused on education. Their primary mission is to serve as an institution, fostering the academic growth of its students. The nonprofit operates with the intention of enhancing the educational journey for its pupils, providing them with a conducive learning environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Lexington Universal Academy Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization scored 54% overall, with notable deficiencies in governance, primarily due to the lack of independent board members and missing policies related to conflict of interest and whistleblower protections.
Despite these governance issues, the organization demonstrates a strong commitment to its program expenses, achieving a 100% program expense ratio. This suggests that all its financial resources are allocated towards its mission-focused activities. However, the absence of financial statements and transparency regarding operational practices raises red flags for potential donors and stakeholders.
Overall, while Lexington Universal Academy Inc shows promise in program execution, the lack of independent oversight and essential policies could hinder its credibility and effectiveness in the nonprofit sector. Potential supporters should carefully consider these factors when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Lexington Universal Academy Inc legitimate?
Lexington Universal Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lexington Universal Academy 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lexington Universal Academy Inc?
Lexington Universal Academy Inc's mission is centered around providing an educational institution that aims to enhance the learning experience of its students. The organization's primary objective is to foster an environment that fosters academic growth and development. By running a school, Lexington Universal Academy Inc seeks to contribute to the education of its students, thereby playing a pivotal role in shaping their future.
Who is the CEO of Lexington Universal Academy Inc?
Khaled Ghoneim is the President of Lexington Universal Academy Inc.
What is the revenue of Lexington Universal Academy Inc?
Lexington Universal Academy Inc's revenue in 2023 was $1,472,546.
Who are the executives of Lexington Universal Academy Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Lexington Universal Academy Inc?
Lexington Universal Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lexington Universal Academy Inc
Lexington Universal Academy Inc, as an educational institution, is dedicated to advancing the academic growth of its students. The organization's primary mission is to serve as a platform for the furtherance of knowledge, providing a conducive learning environment for its pupils. By operating a school, Lexington Universal Academy Inc aims to contribute significantly to the educational journey of its students, fostering their intellectual development and preparing them for future endeavors.
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Impact
July, 2024
Lexington Universal Academy Inc's impact is primarily focused on furthering the education of its students. By providing an institution dedicated to educational growth and development, the organization plays a crucial role in shaping the future of its students. Through its educational programs and initiatives, Lexington Universal Academy Inc is contributing to the intellectual and personal growth of individuals, equipping them with the knowledge and skills necessary to succeed in their academic and professional pursuits.
This information is meant to be a general summary of Lexington Universal Academy 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 2023.
- Program Service Revenue: $976,003
- Gross Receipts: $1,472,546
Assets and Liabilities:
- Total Assets: $3,570,459
- Total Liabilities: $161,071
- Net Assets: $3,409,388
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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
$976,003
Organization Details
Founding Year
2003
Phone
(859) 272-3360Principal Officer
Khaled Ghoneim
Main Address
4580 NICHOLASVILLE RD, LEXINGTON, KY, 40515
NTEE Category
Code: B24 - Education
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