Overview
What is Lyman Ward Military Academy?
Lyman Ward Military Academy, officially known as Southern Preparatory Academy, is a nonprofit institution located at 174 Ward Circle, Camp Hill, Alabama 36850. Their primary mission is to offer a military-style education to students in grades six through twelve. Established with this purpose in mind, the academy employs a team of 53 dedicated individuals to deliver this unique educational experience. The academy's focus on military-based education aims to instill discipline, responsibility, and teamwork in its students, preparing them for various aspects of life beyond the classroom.
Official website here: www.lwma.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Lyman Ward Military Academy has received a two-star rating from Charity Navigator, indicating that there are areas for improvement, particularly in accountability and finance. The organization has a relatively strong independent board, with all members being independent, which is a positive sign of governance. However, the lack of financial statements and missing policies such as conflict of interest and whistleblower protections raise concerns about transparency and proper financial management.
Despite these issues, Lyman Ward demonstrates a good commitment to its programs, as evidenced by a program expense ratio of 78.75%. This suggests that a significant portion of its financial resources is directed toward fulfilling its mission. However, the absence of essential financial documentation on their website makes it difficult for stakeholders to fully assess the organization's financial health and operational practices.
In summary, while Lyman Ward Military Academy has strengths in its governance and program spending, the notable gaps in transparency and missing accountability policies highlight the need for improvement to enhance trust and credibility among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lyman Ward Military Academy legitimate?
Lyman Ward Military Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyman Ward Military Academy 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: $1,886,431
For more financial information, click here
Official website here: www.lwma.org
What is the mission statement of Lyman Ward Military Academy?
Lyman Ward Military Academy is dedicated to offering a military-based educational experience for students in grades six through twelve. This institution's mission is to provide a structured and disciplined learning environment that incorporates military values and principles into its curriculum. By doing so, the academy aims to prepare its students for both academic success and future leadership roles. The education provided at Lyman Ward Military Academy emphasizes teamwork, responsibility, and self-discipline, enabling students to develop essential life skills. The school's mission is to foster well-rounded individuals who can face challenges with confidence and resilience.
Official website here: www.lwma.org
Who is the CEO of Lyman Ward Military Academy?
Jared Norrell is the Vice Chairpe of Lyman Ward Military Academy.
Official website here: www.lwma.org
What is the revenue of Lyman Ward Military Academy?
Lyman Ward Military Academy's revenue in 2022 was $3,948,051.
Official website here: www.lwma.org
Who are the executives of Lyman Ward Military Academy and what are their salaries?
The average compensation at Lyman Ward Military Academy during 2022 was $35,593. There are 53 employees at Lyman Ward Military Academy.
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Official website here: www.lwma.org
Where can I find the form 990 for Lyman Ward Military Academy?
Lyman Ward Military Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lwma.org
Learn more at the official website: www.lwma.org
Mission Statement of Lyman Ward Military Academy
Lyman Ward Military Academy, an educational institution, is dedicated to providing a military-based education for students in grades six through twelve. The academy's mission is to shape and educate these young learners within a military context, fostering discipline, structure, and leadership skills. By incorporating military principles into its curriculum, Lyman Ward Military Academy aims to prepare its students for not only academic success but also for the challenges and responsibilities they will encounter in their personal and professional lives.
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Impact
July, 2024
Lyman Ward Military Academy's impact lies in its commitment to providing a military-based education for students in grades six through twelve. By instilling discipline, leadership skills, and a strong sense of duty in its students, the academy prepares them for both academic success and future personal growth. Through its rigorous curriculum and military training programs, Lyman Ward Military Academy equips young individuals with the tools they need to excel in various aspects of their lives. This unique approach to education fosters character development and self-discipline, shaping students into responsible and capable individuals ready to take on the challenges of the future.
This information is meant to be a general summary of Lyman Ward Military Academy. 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: $9,708
- Program Service Revenue: $3,262,477
- Gross Receipts: $3,948,051
Assets and Liabilities:
- Total Assets: $5,416,219
- Total Liabilities: $1,359,085
- Net Assets: $4,057,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUTION
Revenue
$2,480,383
OTHER SOURCES
Revenue
$782,094
Organization Details
Founding Year
1898
Phone
(205) 896-4127Principal Officer
Jared Norrell
Main Address
174 WARD CIRCLE, CAMP HILL, AL, 36850
Website
www.lwma.orgNTEE Category
Code: B200 - Education
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