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Lead Charter School Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812644961 ✦ Newark, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Lead Charter School Inc?

Lead Charter School Inc, situated in Newark, New Jersey, is a nonprofit organization dedicated to supporting students who have disengaged from traditional education. With an enrollment of around 234 students in grades 9-11 as of June 30, 2022, Lead Charter School Inc employs a unique academic approach. Its innovative model engages young people through active participation in rigorous and relevant content, aligning with emerging market demands and following standards-driven, competency-based instruction. The school's mission is to empower students aged 16-21 in grades 9-12, enabling them to master essential skills crucial for success in post-secondary education, careers, and community leadership within a global society. With a workforce of 43 individuals, Lead Charter School Inc is committed to nurturing the next generation's leaders.


Official website here: www.leadcharterschool.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96% (Four-Star out of Four Stars).

Lead Charter School Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score reflects a robust commitment to transparency, with all board members being independent and a strong emphasis on governance practices. The organization excels in maintaining a low ratio of liabilities to assets, showcasing its ability to manage financial obligations effectively.

The charity's financial management is underscored by its solid performance in program expenses, with over 70% of its budget dedicated to direct program services. This focus suggests a genuine commitment to fulfilling its mission and providing value to the community it serves. Additionally, the organization adheres to best practices in areas such as conflict of interest and whistleblower policies, which further enhances its credibility.

While the data indicates strong financial health and operational integrity, there are no noted limitations or concerns within the reviewed metrics. This overall assessment suggests that Lead Charter School Inc is well-positioned to continue its beneficial work, maintaining confidence among its stakeholders and the communities it aims to support.


This AI summary has been generated from information found on Charity Navigator.

Is Lead Charter School Inc legitimate?

Lead Charter School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lead Charter School 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:

Executive Compensation: $193,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,886,899

For more financial information, click here


Official website here: www.leadcharterschool.org

What is the mission statement of Lead Charter School Inc?

Lead Charter School Inc's mission is centered around assisting students aged 16-21 in grades 9-12. The primary objective is to help these students master the essential skills necessary for success in post-secondary education, careers, and community leadership within a global society. The school achieves this goal through active participation in rigorous and relevant content, as well as standards-driven, competency-based instruction aligned with emerging market demands. The innovative model of Lead Charter School re-engages young people who have disengaged from traditional schooling, catering to their unique academic and non-academic needs. As of the fiscal year ending June 30, 2022, the charter school had an enrollment of approximately 234 students in grades 9-11.


Official website here: www.leadcharterschool.org

Who is the CEO of Lead Charter School Inc?

Dr Dowayne Davis is the Chair of Lead Charter School Inc.


Official website here: www.leadcharterschool.org

What is the revenue of Lead Charter School Inc?

Lead Charter School Inc's revenue in 2022 was $5,918,523.


Official website here: www.leadcharterschool.org

Who are the executives of Lead Charter School Inc and what are their salaries?

The average compensation at Lead Charter School Inc during 2022 was $48,370. There are 43 employees and 5 volunteers at Lead Charter School Inc.


Here are 8 key members and their salaries:


Craig Drinkard (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Brutton (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Emerick (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Finnerty (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominique Lee (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Goldstein (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Cruz (Supervisor Of Instruction)
  • Compensation: $101,025
  • Related: $0
  • Other: $0
Dr Dowayne Davis (Chief Operations Officer)
  • Compensation: $78,500
  • Related: $0
  • Other: $0


Official website here: www.leadcharterschool.org

Where can I find the form 990 for Lead Charter School Inc?

Lead Charter School Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.leadcharterschool.org

Learn more at the official website: www.leadcharterschool.org

Mission Statement of Lead Charter School Inc

Lead Charter School Inc, a nonprofit organization, is committed to assisting students aged 16-21 in grades 9-12. Their mission is to empower these young individuals to excel in the essential skills crucial for success in post-secondary education, careers, and community leadership within a global society. The innovative model of Lead Charter School Inc re-engages students who have disengaged from traditional schooling by encouraging active participation in rigorous and relevant content. The curriculum is standards-driven and competency-based, aligning with emerging market demands, thereby preparing students for their future endeavors. During the fiscal year ending June 30, 2022, the charter school had an enrollment of approximately 234 students in grades 9-11.

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Impact




July, 2024

Lead Charter School Inc's impact can be seen in its successful reengagement of students aged 16-21 in grades 9-12 who have disengaged from traditional schooling. By providing innovative, rigorous, and relevant content aligned with emerging market demands, the school helps these young people master essential skills crucial for success in post-secondary education, career, and community leadership within a global society. With an enrollment of approximately 234 students in grades 9-11, Lead Charter School Inc is making a tangible difference in the lives of these students by offering a unique academic and nonacademic approach tailored to their needs.




This information is meant to be a general summary of Lead Charter School 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.

Revenue
$5,918,523 (2022)
201720182019202020212022$0$1.5M$3M$4.5M$6M
Expenses
$5,450,146 (2022)
201720182019202020212022$0$1.5M$3M$4.5M$6M
Efficiency
2017201820192020202120220%10%20%30%47%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $5,918,523

Assets and Liabilities:

  • Total Assets: $1,329,553
  • Total Liabilities: $310,380
  • Net Assets: $1,019,173

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FOOD PROGRAM

Organization Details

Founding Year

2016

Principal Officer

Dr Dowayne Davis

Main Address

201 BERGEN STREET, NEWARK, NJ, 071032402

NTEE Category

Code: B29 - Education

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