Overview
What is Living Faith Academy?
Living Faith Academy is a nonprofit educational institution located at 950 Derbyshire Road, Daytona Beach, Florida 32117. With a commitment to Christian values, the academy provides quality education to students from kindergarten to grade four. Its primary goal is to ensure that all pupils develop essential academic skills, acquire knowledge, and establish a strong ethical foundation. The academy is staffed by a team of nine dedicated individuals, working together to foster a nurturing and supportive learning environment for its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Living Faith Academy has received a low rating of 52%, which indicates significant concerns regarding its accountability and financial practices. The organization lacks independent board members and has not provided required financial statements, which raises red flags about transparency and governance. Additionally, several crucial policies, such as conflict of interest and whistleblower policies, are missing, further contributing to its low score.
Despite these shortcomings, Living Faith Academy does demonstrate some strengths, particularly in its program expense ratio, which stands at 100%. This suggests that the organization is fully allocating its resources towards its programs, which is a positive aspect of its operational focus. However, the absence of critical financial documentation and governance policies could undermine donor confidence and the overall effectiveness of the nonprofit.
Overall, while Living Faith Academy is committed to its programs, significant improvements are needed in its governance structure and financial transparency to build trust with stakeholders and enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Living Faith Academy legitimate?
Living Faith Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Living Faith 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: $554,749
For more financial information, click here
What is the mission statement of Living Faith Academy?
Living Faith Academy's mission is centered around providing quality education to students from kindergarten to grade four. This is achieved through a strong foundation of Christian values, ensuring that each student not only acquires essential academic skills and knowledge but also develops an ethical foundation. The academy strives to create an educational environment that supports its students' overall development, fostering their academic growth and moral values.
What is the revenue of Living Faith Academy?
Living Faith Academy's revenue in 2024 was $1,568,185.
Who are the executives of Living Faith Academy and what are their salaries?
The average compensation at Living Faith Academy during 2024 was $61,639. There are 9 employees at Living Faith Academy.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Living Faith Academy?
Living Faith Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Living Faith Academy
Living Faith Academy, a school that educates students from kindergarten through grade four, is committed to providing quality education with a strong foundation of Christian values. Its mission is to ensure that each student not only acquires necessary academic skills and knowledge but also develops an ethical foundation. The school is dedicated to nurturing its students, helping them achieve their full potential while instilling moral values that will guide them throughout their lives.
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Impact
July, 2024
Living Faith Academy has a significant impact on the Daytona Beach community by providing quality education supported by a strong foundation of Christian values to students in kindergarten through grade four. By ensuring that all students achieve academic skills, knowledge, and ethical foundations, the academy contributes to the holistic development of young minds. Through its mission of educating students within a nurturing Christian environment, Living Faith Academy is shaping future generations with a focus on academic excellence and moral values.
This information is meant to be a general summary of Living Faith 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 2024.
- Program Service Revenue: $1,568,185
- Gross Receipts: $1,568,185
Assets and Liabilities:
- Total Assets: -$220,332
- Total Liabilities: $0
- Net Assets: -$220,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEP-UP SCHOLARSHIPS
Revenue
$1,218,185
CHURCH LOAN
Revenue
$350,000
Organization Details
Founding Year
2012
Principal Officer
Tony Barhoo
NTEE Category
Code: B24 - Education
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