Overview
What is Learning Academy Inc?
Learning Academy Inc, situated in Miramar Beach, Florida, is a nonprofit organization that specializes in providing educational services to at-risk students in grades 6-12. With a dedicated workforce of 22 individuals, they operate both charter and contract schools, ensuring that disadvantaged students have access to quality education. Their mission is deeply rooted in this mission, aiming to make a significant impact on the lives of these students through their educational programs.
Official website here: www.lasrcrusaders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
Learning Academy Inc has received a One-Star rating from Charity Navigator, indicating a score of 52% based solely on its Accountability & Finance metrics. This score reflects concerns about the organization’s financial management, particularly in terms of program expenses and liabilities. While the organization has a fully independent board and solid governance policies, these strengths do not sufficiently offset the concerns raised by its financial performance.
The organization does perform well in areas such as having a majority independent board, a robust audit and oversight committee, and documented policies for conflict of interest and document retention. However, the absence of a whistleblower policy raises significant red flags regarding transparency and accountability. The lack of financial transparency is further emphasized by the low program expense ratio at 45.07%, which suggests that a smaller portion of its expenses is directed toward its programs compared to its overall spending.
Additionally, Learning Academy Inc shows a concerning liabilities-to-assets ratio of 30.68%, which could indicate potential financial instability. The combination of these issues contributes to the overall low score, suggesting that while the organization has established governance structures, it may need to address its financial management practices to enhance its accountability and better fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Learning Academy Inc legitimate?
Learning Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Learning 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $529,223
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Official website here: www.lasrcrusaders.org
What is the mission statement of Learning Academy Inc?
Learning Academy Inc's mission is centered around operating both charter and contract schools, providing educational services specifically tailored for at-risk students in the grades 6-12 age range. The organization's primary objective is to offer an educational environment that caters to the unique needs of these students, thereby fostering their academic growth and development. By operating these schools, Learning Academy Inc aims to contribute positively to the education sector, ensuring that at-risk students have an opportunity to receive quality education that can help them overcome their challenges and succeed in their academic journeys.
Official website here: www.lasrcrusaders.org
Who is the CEO of Learning Academy Inc?
Dr Cheryl Perry is the Chairperson of Learning Academy Inc.
Official website here: www.lasrcrusaders.org
What is the revenue of Learning Academy Inc?
Learning Academy Inc's revenue in 2023 was $1,547,124.
Official website here: www.lasrcrusaders.org
Who are the executives of Learning Academy Inc and what are their salaries?
The average compensation at Learning Academy Inc during 2023 was $24,056. There are 22 employees at Learning Academy Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.lasrcrusaders.org
Where can I find the form 990 for Learning Academy Inc?
Learning Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lasrcrusaders.org
Learn more at the official website: www.lasrcrusaders.org
Mission Statement of Learning Academy Inc
Learning Academy Inc, a nonprofit organization, is dedicated to providing education services for at-risk students in grades 6-12. Their mission is to operate both charter and contract schools, catering to the educational needs of these vulnerable students. By doing so, Learning Academy Inc aims to contribute positively to their students' academic journeys, offering them a chance to overcome the challenges they face. The organization's primary goal is to ensure that at-risk students receive the necessary support and guidance to help them succeed academically and build a promising future.
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Impact
July, 2024
Learning Academy Inc's impact lies in providing critical education services for at-risk students in grades 6-12 through charter and contracted schools. By focusing on this specific demographic, the organization directly addresses the needs of students who may face academic challenges and risk falling behind in their education. This targeted approach not only supports individual student success but also contributes to broader societal goals of reducing dropout rates and improving educational outcomes for vulnerable youth. Learning Academy Inc plays a crucial role in empowering at-risk students to reach their full potential and achieve academic success, ultimately making a positive impact on the future prospects of these young individuals.
This information is meant to be a general summary of Learning 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.
- Gross Receipts: $1,547,124
Assets and Liabilities:
- Total Assets: $1,946,301
- Total Liabilities: $597,200
- Net Assets: $1,349,101
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Organization Details
Founding Year
2000
Phone
(850) 314-6571Principal Officer
Dr Cheryl Perry
Main Address
101-A BUSINESS CENTRE DRIVE, MIRAMAR BEACH, FL, 32550
Website
www.lasrcrusaders.orgNTEE Category
Code: B29 - Education
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