Overview
What is The Lead Academy Inc?
The Lead Academy Inc, a nonprofit organization based in Midway, West Virginia, primarily aims to assist the local community. With a small team of one dedicated individual, this organization strives to provide transportation services as a means to support those in need. Beyond transportation, they extend their efforts to helping the community by offering food, shelter, and case management services. This holistic approach aims to improve the lives of those they serve, ensuring they receive the support and resources they need to thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Lead Academy Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement with an overall score of 60%. The organization demonstrates strong accountability in certain areas, such as having a majority of independent board members and effective conflict of interest and whistleblower policies. However, it lacks financial transparency, as evidenced by missing financial statements and tax forms on its website.
Strengths of The Lead Academy Inc include a high program expense ratio of 93.03%, suggesting that a significant portion of resources is directed towards its programs. The organization also shows a commitment to governance with proper documentation of board meeting minutes. Nevertheless, the lack of crucial financial documentation raises concerns about the organization’s overall financial health and accountability.
While the organization has established some solid governance practices, the missing documentation related to financial statements and the liabilities to assets ratio indicate areas that require significant improvement. Overall, potential donors and stakeholders should consider these factors when evaluating their support for The Lead Academy Inc.
This AI summary has been generated from information found on Charity Navigator.
Is The Lead Academy Inc legitimate?
The Lead Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lead Academy 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: $288,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Lead Academy Inc?
The Lead Academy Inc's mission is centered around assisting the community. Specifically, they strive to provide transportation services, as well as supporting those in need by offering resources for housing, food, and case management. Their ultimate goal is to improve the lives of individuals within their community.
Who is the CEO of The Lead Academy Inc?
Eugene K Blankenship is the Director of The Lead Academy Inc.
What is the revenue of The Lead Academy Inc?
The Lead Academy Inc's revenue in 2022 was $1,289,386.
Who are the executives of The Lead Academy Inc and what are their salaries?
The average compensation at The Lead Academy Inc during 2022 was $288,836. There is 1 employee and 10 volunteers at The Lead Academy Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Lead Academy Inc?
The Lead Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Lead Academy Inc
The Lead Academy Inc, a nonprofit organization, is dedicated to assisting those in the community by providing various essential services. Its mission is multifaceted, encompassing the provision of transportation, food, shelter, and case management to those in need. By offering these services, the organization aims to make a significant difference in the lives of individuals within the community. The Lead Academy Inc strives to be a beacon of hope, ensuring that those who are struggling have access to the resources they need to regain their footing and rebuild their lives.
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Impact
June, 2024
The Lead Academy Inc has a significant impact on the community of Midway, WV by providing transportation services and essential support to those in need. They not only help with transportation but also offer feeding, housing, and case management services to the community. Their mission is focused on supporting the community by addressing essential needs and providing mental health support.
This information is meant to be a general summary of The Lead Academy 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $72
- Gross Receipts: $1,289,386
Assets and Liabilities:
- Total Assets: $285,756
- Total Liabilities: $173,401
- Net Assets: $112,355
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Organization Details
Founding Year
2017
Principal Officer
Eugene K Blankenship
Main Address
PO BOX 280, MIDWAY, WV, 25878
NTEE Category
Code: F22 - Mental health
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