Overview
What is Lorain Bilingual Preparatory Academy?
Lorain Bilingual Preparatory Academy (LBA) is a learning community situated at 309 West 7th Street, Lorain, Ohio 44052. This nonprofit organization is deeply committed to fostering high academic and behavioral expectations, with a staff that welcomes students, families, and communities to nurture well-rounded individuals who embrace critical thinking and a lifelong love for learning. LBA's main mission is to offer educational choices to the local community, primarily catering to students from Grades K-8 through instructional services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
Lorain Bilingual Preparatory Academy has received a 67% rating from Charity Navigator, which indicates a need for improvement in certain areas despite some strengths. The organization demonstrates solid governance practices with an independent board and effective policies related to conflict of interest and whistleblower protections. The program expense ratio is strong, suggesting that a significant portion of funds is allocated toward its mission.
However, the rating reflects significant weaknesses, particularly in financial management areas such as the liability to assets ratio, fundraising efficiency ratio, and working capital ratio, all of which received a score of zero. These issues indicate potential concerns regarding the organization's financial sustainability and effectiveness in raising funds. Overall, while the academy shows promise in governance and program spending, it faces critical challenges that must be addressed to enhance its overall financial health and operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Lorain Bilingual Preparatory Academy legitimate?
Lorain Bilingual Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorain Bilingual Preparatory 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,079,196
For more financial information, click here
What is the mission statement of Lorain Bilingual Preparatory Academy?
Lorain Bilingual Preparatory Academy's mission is centered around providing educational choices to students and their families. The organization primarily focuses on delivering instructional services to students in grades K-8. The academy values academic and behavioral excellence, encouraging a learning environment that fosters the development of well-rounded individuals. These individuals are expected to become independent critical thinkers, driven by an intrinsic desire to continue learning throughout their lives. The academy aims to make a significant impact in the lives of its students.
Who is the CEO of Lorain Bilingual Preparatory Academy?
C David Massa is the Board Member of Lorain Bilingual Preparatory Academy.
What is the revenue of Lorain Bilingual Preparatory Academy?
Lorain Bilingual Preparatory Academy's revenue in 2022 was $3,617,229.
Who are the executives of Lorain Bilingual Preparatory Academy and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $1,125
- Related: $0
- Other: $0
- Compensation: $1,125
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
- Compensation: $250
- Related: $0
- Other: $0
Where can I find the form 990 for Lorain Bilingual Preparatory Academy?
Lorain Bilingual Preparatory Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lorain Bilingual Preparatory Academy
Lorain Bilingual Preparatory Academy, a learning community, is committed to offering educational choices to the students and families within its community. Primarily focused on providing instructional services to enrolled students from Grades K-8, the academy values academic and behavioral excellence. The staff at Lorain Bilingual Preparatory Academy strives to create an inclusive environment, fostering relationships with students, families, and communities to develop well-rounded individuals. These individuals are encouraged to become independent critical thinkers, fostering a lifelong love for learning. The academy is dedicated to making a positive impact on the lives of its students.
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Impact
July, 2024
Lorain Bilingual Preparatory Academy's impact can be seen in the educational opportunities it provides to students and families in the community. By emphasizing high expectations for both academics and behavior, LBA aims to develop well-rounded individuals who are independent critical thinkers and lifelong learners. The academy believes that all children can learn and seeks to make a difference in the lives of its students. Through its mission to provide educational choice, LBA is contributing to the growth and development of the community by empowering students to succeed academically and personally.
This information is meant to be a general summary of Lorain Bilingual Preparatory 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.
- Gross Receipts: $3,617,229
Assets and Liabilities:
- Total Assets: $3,273,576
- Total Liabilities: $3,015,384
- Net Assets: $258,192
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Organization Details
Founding Year
2018
Phone
(440) 434-6320Principal Officer
C David Massa
Main Address
309 West 7th Street, Lorain, OH, 44052
NTEE Category
Code: B29 - Education
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