Overview
What is Lula Rich Educational Foundation Inc?
Lula Rich Educational Foundation Inc, situated in Clarksdale, Mississippi, is a nonprofit organization dedicated to providing quality education. With a staff of 32 individuals, the foundation operates a private school catering to students in the seventh through twelfth grades. The foundation's primary mission revolves around this educational aspect, offering a comprehensive learning environment for its students. While the information does not provide further details, it's safe to assume that the foundation's activities are geared towards fostering academic growth and personal development among its students.
Official website here: www.leeacademycolts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Lula Rich Educational Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement, with an overall score of 69%. While the organization boasts a fully independent board and a strong program expense ratio of 79.41%, which suggests effective allocation of resources towards its mission, it has significant gaps in its accountability and financial transparency.
Key areas of concern include the absence of essential policies such as a conflict of interest policy and a whistleblower policy, both of which are critical for organizational integrity and trust. Additionally, the foundation has not made its financial statements or tax forms readily available on its website, which contributes to its low score in financial transparency.
Overall, while the Lula Rich Educational Foundation demonstrates strengths in board independence and program spending, the lack of critical governance policies and transparency measures may hinder its effectiveness and public trust. Addressing these limitations could significantly enhance its standing and operational accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Lula Rich Educational Foundation Inc legitimate?
Lula Rich Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lula Rich Educational Foundation 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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For more financial information, click here
Official website here: www.leeacademycolts.org
What is the mission statement of Lula Rich Educational Foundation Inc?
The Lula Rich Educational Foundation Inc is dedicated to providing education services, specifically focusing on students in seventh through twelfth grades. Their mission, as stated, revolves around operating as a private school for these grade levels. While the provided information does not include specific details about the foundation's broader goals or contributions beyond providing education, it can be inferred that their primary focus is on delivering quality education to students within this age range.
Official website here: www.leeacademycolts.org
Who is the CEO of Lula Rich Educational Foundation Inc?
Jamie Gaston is the Director of Lula Rich Educational Foundation Inc.
Official website here: www.leeacademycolts.org
What is the revenue of Lula Rich Educational Foundation Inc?
Lula Rich Educational Foundation Inc's revenue in 2023 was $1,926,742.
Official website here: www.leeacademycolts.org
Who are the executives of Lula Rich Educational Foundation Inc and what are their salaries?
There are 32 employees and 20 volunteers at Lula Rich Educational Foundation Inc.
Here are 12 key members and their salaries:
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Official website here: www.leeacademycolts.org
Where can I find the form 990 for Lula Rich Educational Foundation Inc?
Lula Rich Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.leeacademycolts.org
Learn more at the official website: www.leeacademycolts.org
Mission Statement of Lula Rich Educational Foundation Inc
The Lula Rich Educational Foundation Inc, as stated in its mission, is dedicated to providing quality education for students in their formative years. Specifically, this organization focuses on grades seven through twelve, offering a private school environment. The foundation's mission is centered around the provision of education, with a tuition-based model in place for the enrolled students.
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Impact
July, 2024
Lula Rich Educational Foundation Inc has a significant impact on education in Clarksdale, MS by providing private school education for students in grades seventh through twelfth. Through its mission to offer quality education, the foundation plays a crucial role in shaping the academic and personal growth of the students. By offering a tuition-based private school option, Lula Rich Educational Foundation Inc contributes to the educational landscape of the community and provides students with opportunities for academic success and personal development.
This information is meant to be a general summary of Lula Rich Educational Foundation 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.
- Investment Income: $5,505
- Program Service Revenue: $1,441,820
- Gross Receipts: $2,093,563
Assets and Liabilities:
- Total Assets: $2,865,517
- Total Liabilities: $14,370
- Net Assets: $2,851,147
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$1,150,130
SCHOOL ACTIVITIES
Revenue
$203,390
BOOK FEES
Revenue
$86,891
FOOD SERVICES
Revenue
$1,409
Organization Details
Founding Year
1969
Phone
(662) 627-7891Principal Officer
Jamie Gaston
Main Address
415 LEE DRIVE, CLARKSDALE, MS, 38614
Website
www.leeacademycolts.orgNTEE Category
Code: B24Z - Education
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