Overview
What is Lake Norman Charter School?
Lake Norman Charter School is a public charter institution located at 12435 Old Statesville Road in Huntersville, North Carolina (28078). With a team of around 301 employees, the school serves approximately 2,200 students in grades K-12. Lake Norman Charter School's mission is to nurture community leaders with strong personal integrity and a lifelong passion for learning, leadership, and service. The school provides essential facilities, teachers, instructional supplies, and materials for its enrolled students.
Official website here: www.lncs.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% (Three-Star out of Four Stars )ating)
Lake Norman Charter School has received a Three-Star rating from Charity Navigator, indicating a satisfactory performance in accountability and finance. The score reflects a strong emphasis on financial oversight, with a perfect score for having a majority of independent board members and an independent board size. The organization demonstrates transparency through the availability of financial statements and adherence to policies regarding conflicts of interest and whistleblowers.
Despite these strengths, the organization has a notable limitation in its liabilities to assets ratio, which scored zero points. This indicates potential concerns regarding its financial stability, as liabilities exceed assets. However, the school has a commendable program expense ratio of 92.51%, suggesting that a significant portion of its funds is directed towards its educational programs rather than administrative costs.
Overall, while Lake Norman Charter School shows solid governance and financial practices, the balance of liabilities presents a challenge that may warrant further scrutiny by potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Norman Charter School legitimate?
Lake Norman Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Norman Charter School 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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For more financial information, click here
Official website here: www.lncs.org/
What is the mission statement of Lake Norman Charter School?
Lake Norman Charter School is dedicated to nurturing students into becoming community leaders, instilling in them a strong sense of personal integrity, and fostering a lifelong passion for learning. The school prepares its students to make a positive impact on their communities, both present and future, by providing them with a well-rounded education. Through engaging instruction and the use of modern facilities and resources, Lake Norman Charter School empowers its students to develop essential skills for leading and serving. Its mission prioritizes the all-around growth and success of each student, ensuring they are well-equipped to contribute to society and make a difference in the world.
Official website here: www.lncs.org/
Who is the CEO of Lake Norman Charter School?
Shannon Stein is the Board Chairperson of Lake Norman Charter School.
Official website here: www.lncs.org/
What is the revenue of Lake Norman Charter School?
Lake Norman Charter School's revenue in 2022 was $25,990,344.
Official website here: www.lncs.org/
Who are the executives of Lake Norman Charter School and what are their salaries?
There are 301 employees and 301 volunteers at Lake Norman Charter School.
Here are 10 key members and their salaries:
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- Compensation: $158,934
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Official website here: www.lncs.org/
Where can I find the form 990 for Lake Norman Charter School?
Lake Norman Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lncs.org/
Learn more at the official website: www.lncs.org/
Mission Statement of Lake Norman Charter School
Lake Norman Charter School, a public charter institution, is dedicated to nurturing future community leaders who embody personal integrity and a lifelong thirst for learning, leading, and serving. The mission of this esteemed educational institution is to prepare students for a meaningful role in society, instilling in them the values of honesty and a deep-seated commitment to continue growing intellectually and socially.
To accomplish this, Lake Norman Charter School provides the necessary resources and facilities for approximately 2,200 students in grades K-12. These resources extend beyond the classroom, including competent teachers and a plentiful supply of instructional materials, all designed to foster a stimulating learning environment where students can flourish. The ultimate goal is to instill a sense of responsibility, both towards their education and their future roles as community leaders.
By focusing on personal integrity, Lake Norman Charter School encourages students to become well-rounded individuals. This commitment to character development, coupled with a strong educational foundation, sets the stage for their success in various aspects of life. The school's dedication to its mission is evident in the impressive number of students it serves, all on a journey to make a positive impact on their communities and the world at large.
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Impact
October, 2024
Lake Norman Charter School significantly impacts its community by preparing approximately 2,200 students in grades K-12 to become leaders with strong personal integrity and a commitment to lifelong learning, leadership, and service. Located in Huntersville, NC, the school operates as a public charter institution, providing essential resources such as facilities, teaching staff, and instructional materials that enhance the educational experience.
By fostering an environment of academic excellence and character development, Lake Norman Charter School equips students with the skills and values needed to contribute positively to society. The emphasis on leadership and service not only empowers the students but also creates a ripple effect within the community, as these future leaders engage in meaningful activities that benefit others. This commitment to education and personal growth cultivates a generation ready to tackle the challenges of tomorrow while instilling core values that resonate throughout their lives.
This information is meant to be a general summary of Lake Norman Charter School. 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: $53,954
- Program Service Revenue: $886,968
- Gross Receipts: $25,990,344
Assets and Liabilities:
- Total Assets: $64,667,649
- Total Liabilities: $72,185,431
- Net Assets: -$7,517,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT CLUBS
Revenue
$328,201
STUDENT FEES
Revenue
$319,468
CHILD CARE FEES
Revenue
$239,299
Organization Details
Founding Year
1998
Phone
(704) 948-8600Principal Officer
Shannon Stein
Main Address
12435 OLD STATESVILLE ROAD, HUNTERSVILLE, NC, 28078
Website
www.lncs.org/NTEE Category
Code: B24 - Education
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