Overview
What is Lakes Area Kids Enrichment Foundation?
The Lakes Area Kids Enrichment Foundation is a nonprofit organization situated in Crosslake, Minnesota. Their primary focus is to construct and maintain a building, serving as a school facility for Crosslake Community School (CCS). This building provides classroom spaces and additional areas for educational activities. In 2018, they completed the construction of this new school building, and for the 2020-2021 school year, the enrollment for grades K-8 and the online high school reached 348 students. The Lakes Area Kids Enrichment Foundation leases this school building to CCS, a public charity recognized under 501(C)(3) of the Internal Revenue Code.
Official website here: www.buildtheschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Lakes Area Kids Enrichment Foundation has received a 73% rating from Charity Navigator, reflecting a Two-Star designation. This rating is solely based on the organization's Accountability & Finance score, which suggests that while there are some strong points, there may be areas that require improvement. The organization has demonstrated a solid commitment to accountability, as evidenced by its independent board structure and thorough financial oversight.
One of the organization's strengths includes its composition of an entirely independent board, which scored full points in this area. Additionally, the foundation scored well in areas such as financial statements and conflict of interest policies. The program expense ratio is notably high at 92.35%, indicating that a significant portion of funds is directed towards its programs, which is a positive aspect for potential donors.
However, the foundation has some limitations, particularly with its whistleblower policy, which is missing, resulting in zero points in that category. Furthermore, the liabilities to assets ratio of 73.03% indicates potential financial burdens that could impact the organization's stability. Addressing these weaknesses could enhance the foundation's overall rating and ensure greater transparency and sustainability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Lakes Area Kids Enrichment Foundation legitimate?
Lakes Area Kids Enrichment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakes Area Kids Enrichment Foundation 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: $0
For more financial information, click here
Official website here: www.buildtheschool.org
What is the mission statement of Lakes Area Kids Enrichment Foundation?
The Lakes Area Kids Enrichment Foundation's primary mission is to construct and maintain a building, serving as classroom and ancillary spaces for educational activities. This facility is intended for the Crosslake Community School, a public charity under 501(C)(3) of the Internal Revenue Code. The foundation agrees to lease the school building to Crosslake Community School, contributing to the provision of educational environments for local children.
Official website here: www.buildtheschool.org
Who is the CEO of Lakes Area Kids Enrichment Foundation?
Christine Davis is the President of Lakes Area Kids Enrichment Foundation.
Official website here: www.buildtheschool.org
What is the revenue of Lakes Area Kids Enrichment Foundation?
Lakes Area Kids Enrichment Foundation's revenue in 2021 was $503,216.
Official website here: www.buildtheschool.org
Who are the executives of Lakes Area Kids Enrichment Foundation and what are their salaries?
There 7 volunteers at Lakes Area Kids Enrichment Foundation.
Here are 7 key members and their salaries:
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Official website here: www.buildtheschool.org
Where can I find the form 990 for Lakes Area Kids Enrichment Foundation?
Lakes Area Kids Enrichment Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.buildtheschool.org
Learn more at the official website: www.buildtheschool.org
Mission Statement of Lakes Area Kids Enrichment Foundation
The Lakes Area Kids Enrichment Foundation is dedicated to constructing and maintaining a building for the benefit of the Crosslake Community School (CCS). This nonprofit organization's primary purpose is to provide a school building, complete with classrooms and ancillary spaces, for the educational activities of the children enrolled in CCS. The Lakes Area Kids Enrichment Foundation operates under the 501(c)(3) classification of the Internal Revenue Code, and it rents out the school building to CCS, a public charity, for the use of its educational programs.
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Impact
July, 2024
The Lakes Area Kids Enrichment Foundation's impact can be seen through the completion of a new school building for Crosslake Community School in 2018. This has allowed for the education and enrichment of 348 students in grades K-8 and the online high school during the 2020-2021 school year. By providing school classrooms and ancillary spaces for children's education activities, the foundation is directly contributing to the academic development and growth of students in Crosslake, MN.
This information is meant to be a general summary of Lakes Area Kids Enrichment Foundation. 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 2021.
- Program Service Revenue: $488,516
- Gross Receipts: $503,216
Assets and Liabilities:
- Total Assets: $7,576,081
- Total Liabilities: $5,901,279
- Net Assets: $1,674,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARTER SCHOOL RENTAL
Revenue
$488,516
Organization Details
Founding Year
2016
Phone
(612) 840-8983Principal Officer
Christine Davis
Main Address
35808 COUNTY ROAD 66 PO BOX 143, CROSSLAKE, MN, 56442
Website
www.buildtheschool.orgNTEE Category
Code: B99 - Education
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