Overview
What is Lead Education Foundation?
The Lead Education Foundation, established in Montgomery, Alabama, is a nonprofit organization dedicated to enhancing educational outcomes for K-12 students in the River Region. They achieve this goal by initiating and expanding high-quality charter schools. The Lead Academy, their flagship school, offers innovative programs designed to stimulate curiosity, optimize learning potential, and continually boost student achievement by equipping students with 21st-century skills. With a team of 89 dedicated individuals, the Lead Education Foundation is committed to empowering students and contributing to their overall development.
Official website here: www.leadacademyal.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating
The Lead Education Foundation has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates some strengths, it also has significant areas for improvement, especially in terms of accountability and financial management. The organization scores well in several governance practices, such as having a majority independent board and effective documentation of board meeting minutes, which reflects positively on its commitment to transparency.
However, notable weaknesses were identified in its policies, particularly the lack of a whistleblower policy and deficiencies in document retention practices. These shortcomings may raise concerns about the organization's internal controls and ethical oversight. Moreover, despite high scores in program expenses, the foundation's overall accountability score suggests that there are still critical areas that need to be addressed to bolster trust and effectiveness.
Overall, while the Lead Education Foundation shows promise with its program expense ratio and governance structure, the absence of key policies and a low overall accountability score highlight the necessity for improvements to ensure long-term sustainability and reliability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Lead Education Foundation legitimate?
Lead Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lead Education Foundation 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: $2,207,546
For more financial information, click here
Official website here: www.leadacademyal.org
What is the mission statement of Lead Education Foundation?
The Lead Education Foundation's mission is geared towards enhancing educational outcomes for K-12 students in the River Region. They achieve this by establishing and fostering the growth of high-quality charter schools. The organization's primary goal is to operate a charter school, located elsewhere, offering innovative programs. These programs are designed to stimulate curiosity, optimize learning potential, and consistently improve student achievement. The foundation empowers students with 21st-century skills, thereby equipping them for future challenges.
Official website here: www.leadacademyal.org
Who is the CEO of Lead Education Foundation?
Charlotte Meadows is the Board Member of Lead Education Foundation.
Official website here: www.leadacademyal.org
What is the revenue of Lead Education Foundation?
Lead Education Foundation's revenue in 2021 was $5,385,239.
Official website here: www.leadacademyal.org
Who are the executives of Lead Education Foundation and what are their salaries?
The average compensation at Lead Education Foundation during 2021 was $24,804. There are 89 employees at Lead Education Foundation.
Here are 7 key members and their salaries:
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Official website here: www.leadacademyal.org
Where can I find the form 990 for Lead Education Foundation?
Lead Education Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.leadacademyal.org
Learn more at the official website: www.leadacademyal.org
Mission Statement of Lead Education Foundation
The Lead Education Foundation, in its mission, aims to enhance educational outcomes for K-12 students in the River Region. To achieve this goal, the organization focuses on establishing and expanding high-quality charter schools. The foundation's primary objective is to operate a charter school that offers innovative programs, designed to stimulate curiosity, optimize learning potential, and continuously improve student achievement. By equipping students with 21st-century skills, the Lead Education Foundation empowers them to reach their full academic and personal growth. This mission is carried out through the Lead Academy, a charter school located in Montgomery, Alabama, which provides a learning environment that fosters curiosity, maximizes potential, and encourages continuous improvement in student achievement.
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Impact
July, 2024
Lead Education Foundation's impact can be seen through its charter school, Lead Academy, in Montgomery, Alabama. The foundation is dedicated to improving educational outcomes in the River Region for K-12 students by starting and growing high-quality charter schools. Lead Academy provides innovative programs that are designed to spark curiosity, maximize learning potential, and continuously improve student achievement by empowering students with 21st-century skills. Through its work, Lead Education Foundation is making a tangible difference in the education sector, particularly in Montgomery, Alabama.
This information is meant to be a general summary of Lead Education Foundation. 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 2021.
- Program Service Revenue: $2,825
- Gross Receipts: $5,385,239
Assets and Liabilities:
- Total Assets: $1,341,745
- Total Liabilities: $1,925,511
- Net Assets: -$583,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNOLOGY RENTALS
Revenue
$1,820
SCHOOL SALES
Revenue
$1,005
Organization Details
Founding Year
2017
Phone
(334) 451-3127Principal Officer
Charlotte Meadows
Main Address
2897 EASTERN BOULEVARD, MONTGOMERY, AL, 36116
Website
www.leadacademyal.orgNTEE Category
Code: B20 - Education
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