Overview
What is Elite Academic Academy - Lucerne?
Elite Academic Academy - Lucerne is a California-based nonprofit public benefit corporation, specifically organized to manage and operate an online K-12 public charter school. With a mission to provide a personalized learning experience, this academy serves approximately 675 students across the Southern California region. As a nonprofit entity, it operates with a dedicated workforce of 79 individuals, committed to delivering high-quality education through its online charter school. The academy's primary objective is to cater to the diverse learning needs of its students, ensuring a comprehensive and accessible education for all.
Official website here: www.eliteacademic.com
What are the reviews and ratings of this charity?
**Elite Academic Academy - Lucerne (EIN: 824453363)**
**Charity Navigator Rating: 89% (Three-Star out of Four Stars)**
Elite Academic Academy has received a solid three-star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial stability. The organization excels in ensuring a majority of its board members are independent and has robust policies in place, such as conflict of interest and whistleblower protections. However, the lack of a posted tax form on the nonprofit's website is noted as a shortcoming, indicating room for improvement in transparency.
The financial ratios indicate that the organization allocates a significant portion of its resources to program expenses, demonstrating commitment to its mission. While the fiscal health appears stable with no material diversion of assets reported, the liability to assets ratio could be seen as a concern for potential funders.
Unfortunately, there are no user reviews available from GreatNonprofits, which limits insight into the community's perspective on the organization. Overall, Elite Academic Academy shows potential for positive impact but may need to enhance transparency to fully bolster its reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Elite Academic Academy - Lucerne legitimate?
Elite Academic Academy - Lucerne is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elite Academic Academy - Lucerne 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: $385,102
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,491,299
For more financial information, click here
Official website here: www.eliteacademic.com
What is the mission statement of Elite Academic Academy - Lucerne?
Elite Academic Academy-Lucerne is a nonprofit organization established with the purpose of managing and operating a public charter school. The academy offers a personalized learning experience to approximately 675 students in the Southern California region. As a public benefit corporation, its mission is to provide quality education, tailoring the learning process to meet the unique needs of each student. Elite Academic Academy-Lucerne operates an online K-12 charter school, aiming to provide a comprehensive educational experience that caters to the diverse needs of its student body.
Official website here: www.eliteacademic.com
Who is the CEO of Elite Academic Academy - Lucerne?
Meghan Freeman is the President of Elite Academic Academy - Lucerne. The CEO's salary of Elite Academic Academy - Lucerne is $313,120 and their total compensation is $357,100.
Official website here: www.eliteacademic.com
What is the revenue of Elite Academic Academy - Lucerne?
Elite Academic Academy - Lucerne's revenue in 2022 was $8,355,892.
Official website here: www.eliteacademic.com
Who are the executives of Elite Academic Academy - Lucerne and what are their salaries?
The average compensation at Elite Academic Academy - Lucerne during 2022 was $49,068. There are 79 employees and 3 volunteers at Elite Academic Academy - Lucerne.
Here are 9 key members and their salaries (Elite Academic Academy - Lucerne's CEO's salary is $313,120 and their total compensation is $357,100):
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $2,700
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $313,120
- Related: $0
- Other: $43,980
- Compensation: $168,604
- Related: $0
- Other: $37,237
- Compensation: $149,811
- Related: $0
- Other: $34,603
- Compensation: $139,202
- Related: $0
- Other: $17,548
- Compensation: $124,747
- Related: $0
- Other: $30,962
- Compensation: $128,636
- Related: $0
- Other: $31,510
Official website here: www.eliteacademic.com
Where can I find the form 990 for Elite Academic Academy - Lucerne?
Elite Academic Academy - Lucerne's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eliteacademic.com
Learn more at the official website: www.eliteacademic.com
Mission Statement of Elite Academic Academy - Lucerne
Elite Academic Academy-Lucerne, as a nonprofit public benefit corporation, is dedicated to managing and operating a public charter school. Their mission is to provide a personalized learning experience for approximately 675 students across the Southern California region. This charter school operates with a focus on delivering education in an online format, catering to the needs of its students effectively. The academy's mission is centered around creating an environment that empowers its students, offering them a comprehensive and tailored educational journey.
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Impact
July, 2024
Elite Academic Academy - Lucerne has a significant impact on the education sector in Southern California by providing a personalized learning experience for approximately 675 students through its online K-12 public charter school. By offering a flexible and tailored approach to education, the academy helps students to reach their full potential and achieve academic success. This contribution to the education system positively impacts the lives of the students and their families, as well as the broader community by fostering a culture of learning and innovation.
This information is meant to be a general summary of Elite Academic Academy - Lucerne. 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.
- Gross Receipts: $8,355,892
Assets and Liabilities:
- Total Assets: $2,314,344
- Total Liabilities: $928,324
- Net Assets: $1,386,020
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Organization Details
Founding Year
2018
Phone
(866) 354-8302Principal Officer
Meghan Freeman
Main Address
43414 BUSINESS PARK DRIVE, TEMECULA, CA, 92590
Website
www.eliteacademic.comNTEE Category
Code: B20 - Education
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