Overview
What is Lakeway Achievement Center Inc?
Lakeway Achievement Center Inc, a non-profit organization in Morristown, Tennessee, is dedicated to enhancing the lives of its clients through various programs. Their mission encompasses providing essential care, creating employment opportunities, and offering job training. The Lakeway Adult Activity Center and the Medicaid Waiver Group Home are among their initiatives to fulfill this objective. The organization remains committed to making a positive impact on the community by empowering individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Lakeway Achievement Center Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization received a perfect score for having an entirely independent board, which indicates a commitment to transparency and good governance. Additionally, the charity demonstrates robust financial oversight, with no material diversion of assets reported and comprehensive policies in place, including conflict of interest and whistleblower policies.
The financial health of Lakeway Achievement Center is highlighted by its low liabilities to assets ratio of 7.68%, suggesting prudent financial management. Moreover, a significant portion of its expenses, 86.37%, is allocated directly to programs, underscoring its focus on delivering impactful services to its beneficiaries. Such metrics suggest that donors can trust their contributions will be used effectively.
However, while the rating and financial practices are strong, potential donors may still want to consider additional information about the charity's specific programs and outcomes. Overall, Lakeway Achievement Center Inc stands out for its accountability and financial integrity, making it a reliable choice for supporting charitable efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeway Achievement Center Inc legitimate?
Lakeway Achievement Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeway Achievement Center 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.
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What is the mission statement of Lakeway Achievement Center Inc?
Lakeway Achievement Center is a non-profit organization dedicated to making a difference in the lives of its clients. Its mission is focused on providing essential services, including care, employment opportunities, and job training. Through these offerings, the organization empowers individuals to reach their full potential and increase their independence. The organization's programs cater to a diverse range of needs, enabling each person to grow and thrive. By offering a supportive environment and tailored resources, Lakeway Achievement Center fosters personal development and promotes self-sufficiency.
Who is the CEO of Lakeway Achievement Center Inc?
Bonnie Guthrie is the Executive Director of Lakeway Achievement Center Inc.
What is the revenue of Lakeway Achievement Center Inc?
Lakeway Achievement Center Inc's revenue in 2022 was $12,686,653.
Who are the executives of Lakeway Achievement Center Inc and what are their salaries?
There are 209 employees at Lakeway Achievement Center Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Lakeway Achievement Center Inc?
Lakeway Achievement Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakeway Achievement Center Inc
Lakeway Achievement Center, a renowned non-profit organization, is dedicated to making a positive impact on people's lives by providing essential care, employment opportunities, and job training. The heart of its mission lies in catering to the needs of its clients, offering them a chance to reach their full potential.
The organization's commitment to its cause is reflected in the programs it offers. The Lakeway Adult Activity Center is one such initiative, designed to provide a nurturing environment for adults, enabling them to learn new skills and engage in social activities. Additionally, the Medicaid Waiver Group Home program extends a helping hand to those who require more intensive support, offering them a place to call home while receiving the necessary care and training.
Lakeway Achievement Center's mission goes beyond the mere provision of services. It is a beacon of hope for individuals seeking to rebuild their lives and secure a brighter future. By offering employment opportunities and job training, the organization empowers its clients to become self-sufficient and contribute to their communities. In essence, Lakeway Achievement Center is more than just a service provider; it is a partner in the journey towards a better life for its clients.
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Impact
October, 2024
Lakeway Achievement Center Inc significantly impacts the Morristown community by providing essential care, employment opportunities, and job training for its clients. Through programs like the Lakeway Adult Activity Center and the Medicaid Waiver Group Home, the organization enhances the quality of life for individuals, ensuring they have access to vital resources that promote independence and personal growth.
By focusing on job training and employment, Lakeway Achievement Center helps clients develop valuable skills, fostering their integration into the workforce and promoting economic self-sufficiency. This support not only empowers individuals but also contributes to the community by creating a more inclusive environment where everyone has the opportunity to thrive. The center’s dedication to care and skill development addresses the unique needs of its clients, making a profound difference in their lives and strengthening the fabric of the Morristown area.
This information is meant to be a general summary of Lakeway Achievement Center 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 2022.
- Investment Income: $1,306
- Program Service Revenue: $12,632,723
- Gross Receipts: $12,686,653
Assets and Liabilities:
- Total Assets: $6,269,291
- Total Liabilities: $2,088,938
- Net Assets: $4,180,353
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Medwaiver
Revenue
$12,536,279
Housing Assistance
Revenue
$14,708
Choices BlueCare
Revenue
$81,736
Organization Details
Founding Year
1979
Phone
(423) 586-2196Principal Officer
Bonnie Guthrie
Main Address
320 Industrial Avenue, Morristown, TN, 37813
NTEE Category
Code: P80 - Human services
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