Overview
What is Lakewood Student Transportation Authority Llc?
The Lakewood Student Transportation Authority Llc is a nonprofit organization based in Lakewood, New Jersey. They are dedicated to providing educational services by facilitating transportation for approximately 35,000 private school students to and from their schools in the area. With a team of six employees, their mission is to ensure these students have access to quality education by addressing their transportation needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (52%)
Lakewood Student Transportation Authority LLC has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. Although the organization boasts an independent board with 100% of its members being independent, it lacks crucial financial transparency, as evidenced by missing financial statements and several key policies that are not in place.
Strengths of the organization include a high program expense ratio, which suggests that a substantial portion of its funding is directed towards its core mission rather than administrative overhead. However, the lack of a website, conflict of interest policy, and whistleblower protections raises serious questions about governance and operational integrity.
Overall, while Lakewood Student Transportation Authority LLC prioritizes program expenses, the substantial deficiencies in financial documentation and governance policies are notable limitations. These issues could hinder potential donor confidence and the organization's long-term effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lakewood Student Transportation Authority Llc legitimate?
Lakewood Student Transportation Authority Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakewood Student Transportation Authority Llc 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: $416,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,948
For more financial information, click here
What is the mission statement of Lakewood Student Transportation Authority Llc?
The Lakewood Student Transportation Authority Llc focuses on providing educational services through transportation to approximately 35,000 private school students. This organization ensures that students in and around Lakewood, New Jersey, have access to their schools via reliable and efficient transport services. By offering this essential service, the Authority significantly contributes to the educational journey of these students. The scope of their mission extends beyond mere transportation, as they aim to facilitate a smooth and uninterrupted learning experience for the students. Through their daily operations, the Lakewood Student Transportation Authority Llc plays a crucial role in ensuring that these students can attend their schools unhindered.
Who is the CEO of Lakewood Student Transportation Authority Llc?
Osher Lederer is the Trustee of Lakewood Student Transportation Authority Llc.
What is the revenue of Lakewood Student Transportation Authority Llc?
Lakewood Student Transportation Authority Llc's revenue in 2022 was $28,457,064.
Who are the executives of Lakewood Student Transportation Authority Llc and what are their salaries?
The average compensation at Lakewood Student Transportation Authority Llc during 2022 was $82,752. There are 6 employees at Lakewood Student Transportation Authority Llc.
Here are 6 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
- Compensation: $257,028
- Related: $0
- Other: $0
- Compensation: $113,539
- Related: $0
- Other: $0
Where can I find the form 990 for Lakewood Student Transportation Authority Llc?
Lakewood Student Transportation Authority Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lakewood Student Transportation Authority Llc
Lakewood Student Transportation Authority Llc, a prominent organization, is dedicated to offering educational services in an innovative way by transporting around 35,000 private school students to and from their respective schools. By focusing on this essential need, the Authority plays a significant role in ensuring that students have uninterrupted access to their education. Their mission is not merely confined to providing transportation; it is about enabling these students to attend their schools with ease and convenience.
The Lakewood Student Transportation Authority Llc operates with a vision to make a difference in children's lives by providing them with reliable and efficient transportation solutions. By catering to the transportation needs of approximately 35,000 students, the organization helps bridge the gap between homes and schools, fostering a seamless learning environment. The Authority's commitment to its mission is unwavering, as it strives to ensure that every student reaches their educational destination safely and on time.
In essence, Lakewood Student Transportation Authority Llc serves as an essential partner to private schools and their students, addressing the unique challenge of transportation and enabling students to focus on their academic pursuits. Through its reliable and efficient services, the organization plays a vital role in the overall educational journey of these students.
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Impact
October, 2024
Lakewood Student Transportation Authority LLC significantly impacts the community by facilitating the transportation of approximately 35,000 private school students to and from their educational institutions. This vital service ensures that students have reliable access to their schools, which is essential for their educational success and overall well-being. By addressing the transportation needs of such a large number of students in and around Lakewood, New Jersey, the authority plays a crucial role in supporting families and enhancing educational opportunities within the region. The consistent and safe transit provided contributes to better attendance rates and allows students to focus on their studies, thereby promoting a positive educational environment.
This information is meant to be a general summary of Lakewood Student Transportation Authority Llc. 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.
- Program Service Revenue: $27,253,964
- Gross Receipts: $28,457,064
Assets and Liabilities:
- Total Assets: $3,739,731
- Total Liabilities: $12,639,791
- Net Assets: -$8,900,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOARD OF EDUCATION
Revenue
$24,740,600
COURTESY FEES
Revenue
$2,019,928
OUT OF DISTRICT FEES
Revenue
$493,436
Organization Details
Founding Year
2016
Phone
(732) 707-7287Principal Officer
Osher Lederer
Main Address
475 OBERLIN AVENUE S 202, LAKEWOOD, NJ, 08701
NTEE Category
Code: B00 - Education
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