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West Lake Education Foundation Inc

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

EIN: 813848043 ✦ Cornelius, NC ✦ Designated as a 501(c)(3)

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Overview

What is West Lake Education Foundation Inc?

West Lake Education Foundation Inc is a North Carolina-based nonprofit organization, comprised of esteemed leaders committed to enhancing educational opportunities. Situated in Cornelius, North Carolina, the foundation operates exclusively for educational purposes. Its primary mission is to provide top-notch educational options for the students and families residing in North Carolina. This nonprofit entity, West Lake Education Foundation, supports West Lake Preparatory Academy, a tuition-free public charter school, which educates students from Kindergarten to Eighth grade in Lincoln County, North Carolina.


Official website here: www.wlakeprep.org

Is West Lake Education Foundation Inc legitimate?

West Lake Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Lake Education Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,158,571

For more financial information, click here


Official website here: www.wlakeprep.org

What is the mission statement of West Lake Education Foundation Inc?

The West Lake Education Foundation Inc, composed of esteemed leaders in North Carolina, is organized exclusively for educational purposes. Their commitment is to provide top-notch educational options for the students and families of North Carolina. The foundation strives to promote high-quality education, serving as a not-for-profit entity dedicated to this cause.

West Lake Education Foundation does not operate a specific school but rather supports a tuition-free public charter school, the West Lake Preparatory Academy, which educates students from kindergarten to eighth grade in Lincoln County, North Carolina. The foundation's mission is to ensure that every student in the state has access to quality education.


Official website here: www.wlakeprep.org

Who is the CEO of West Lake Education Foundation Inc?

Tim Holder is the President of West Lake Education Foundation Inc.


Official website here: www.wlakeprep.org

What is the revenue of West Lake Education Foundation Inc?

West Lake Education Foundation Inc's revenue in 2022 was $5,994,590.


Official website here: www.wlakeprep.org

Who are the executives of West Lake Education Foundation Inc and what are their salaries?


Here are 6 key members and their salaries:


Tim Holder (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Rainsetien (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Preston Curtis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Schmerge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Hunoval Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wlakeprep.org

Where can I find the form 990 for West Lake Education Foundation Inc?

West Lake Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wlakeprep.org

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

Mission Statement of West Lake Education Foundation Inc

West Lake Education Foundation, a distinguished North Carolina-based organization, is primarily focused on educational pursuits. Comprising esteemed leaders from across the state, this not-for-profit entity is dedicated to offering superior educational options for the students and families of North Carolina. The foundation's mission is to promote and advance quality education, ensuring that it remains accessible and beneficial for all involved parties. Their commitment is evident in the establishment of West Lake Preparatory Academy, a tuition-free public charter school that educates students from kindergarten through eighth grade in Lincoln County, North Carolina. This academy embodies the foundation's mission to provide top-tier educational opportunities to the local community.

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Impact




July, 2024

West Lake Education Foundation Inc's impact can be seen through its dedication to providing high-quality educational options for students and families in North Carolina. Through initiatives like West Lake Preparatory Academy, a tuition-free public charter school serving students from kindergarten to eighth grade in Lincoln County, the foundation is making a significant difference in the education sector. Their mission, driven by respected leaders in the state, aims to empower students and contribute to the educational growth and development of the community.




This information is meant to be a general summary of West Lake Education Foundation 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
$5,994,590 (2022)
Expenses
$6,781,951 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $173,222
  • Gross Receipts: $5,994,590

Assets and Liabilities:

  • Total Assets: $20,810,991
  • Total Liabilities: $21,311,714
  • Net Assets: -$500,723

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Programs

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

BEFORE AND AFTERCARE

Revenue

$98,034

FOOD SERVICES

Revenue

$75,188

Organization Details

Founding Year

2016

Principal Officer

Tim Holder

Main Address

8834 WESTMORELAND LAKE DRIVE, CORNELIUS, NC, 28031

NTEE Category

Code: B29 - Education

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