Overview
What is Praise Academy?
Praise Academy is a neighborhood elementary school situated in Shreveport, Louisiana, specifically at 1446 Yale Avenue. The institution serves 25 students from preschool to eighth grade, predominantly hailing from the Lakeside neighborhood, which holds the title of Louisiana's poorest ZIP code. Over 41% of the residents in this area have an annual household income below $15,000, and nearly 85% of fourth-graders struggle with reading proficiency. To cater to its student body's needs, Praise Academy ensures all students qualify for meals under the Louisiana School Breakfast and Lunch Program. In terms of its mission, Praise Academy aims to nurture each child's inherent potential to become a contributing, employable, and active participant in their family and community. This is achieved through a Christ-centered educational approach that fosters personal growth and development. The school employs a team of 13 individuals committed to fulfilling this mission.
Official website here: www.praiselakeside.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Praise Academy has achieved a solid Three-Star rating from Charity Navigator, reflecting its commendable performance in accountability and finance. The organization has a strong accountability framework, with an independent board comprised entirely of independent members and no material diversion of assets. Its program expense ratio is also noteworthy, with over 81% of expenses directed towards programs, indicating a commitment to its mission.
However, while Praise Academy demonstrates numerous strengths, it lacks a whistleblower policy, which is a significant oversight that may affect transparency and accountability. This absence could raise concerns among stakeholders regarding the organization’s commitment to ethical practices. Overall, Praise Academy shows a strong financial standing but must address this gap to enhance its governance practices further.
This AI summary has been generated from information found on Charity Navigator.
Is Praise Academy legitimate?
Praise Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Praise 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: $83,309
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,755
For more financial information, click here
Official website here: www.praiselakeside.org
What is the mission statement of Praise Academy?
Praise Academy's mission is centered around providing an elementary school education that encourages each child's inherent potential to become a responsible, employable, and active member of their family and community. This is accomplished through a foundational approach that is grounded in Christian values. The school aims to nurture students in a way that prepares them to contribute positively to society. Despite facing challenges, such as serving a population with a high percentage of children living in poverty and struggling with reading proficiency, the school remains dedicated to its mission, providing meals and education to all qualified students.
Official website here: www.praiselakeside.org
Who is the CEO of Praise Academy?
Paul C Decelles is the Principal Officer of Praise Academy.
Official website here: www.praiselakeside.org
What is the revenue of Praise Academy?
Praise Academy's revenue in 2022 was $667,626.
Official website here: www.praiselakeside.org
Who are the executives of Praise Academy and what are their salaries?
The average compensation at Praise Academy during 2022 was $20,774. There are 13 employees and 20 volunteers at Praise Academy.
Here are 7 key members and their salaries:
- Compensation: $51,734
- Related: $0
- Other: $0
- Compensation: $31,040
- Related: $0
- Other: $0
- 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: $0
- Related: $0
- Other: $0
Official website here: www.praiselakeside.org
Where can I find the form 990 for Praise Academy?
Praise Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.praiselakeside.org
Learn more at the official website: www.praiselakeside.org
Mission Statement of Praise Academy
Praise Academy, a nonprofit organization, is dedicated to providing an elementary school education that nurtures each child's inherent potential to become a valuable contributor to their family, community, and future workplace. This is accomplished through a foundation grounded in Christian principles. The institution's mission is to foster an environment that encourages the development of well-rounded individuals who are not only academically proficient but also capable of leading productive and active lives. By integrating spiritual teachings into its curriculum, Praise Academy aims to instill a strong moral compass in its students, preparing them to become responsible members of society.
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Impact
July, 2024
Praise Academy's impact is profound in the Lakeside neighborhood of Shreveport, LA. Despite the challenges presented by a high poverty rate and low educational proficiency in the area, Praise Academy is making a tangible difference in the lives of 25 preschool through eighth-grade children. By providing a Christ-centered foundational approach to education, the academy is equipping students with the tools they need to become productive, employable, and active members of both their families and the community. Additionally, the fact that 100% of the students qualify for meals under the Louisiana School Breakfast and Lunch Program demonstrates the critical role Praise Academy plays in meeting the basic needs of these children.
This information is meant to be a general summary of Praise 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 2022.
- Program Service Revenue: $133,140
- Gross Receipts: $667,626
Assets and Liabilities:
- Total Assets: $672,552
- Total Liabilities: $5,898
- Net Assets: $666,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$133,140
Organization Details
Founding Year
2016
Phone
(318) 734-8210Principal Officer
Paul C Decelles
Main Address
1446 Yale Avenue, Shreveport, LA, 71103
Website
www.praiselakeside.orgNTEE Category
Code: B20 - Education
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