Overview
What is Chesapeake Lighthouse Foundation Inc?
Chesapeake Lighthouse Foundation Inc is a nonprofit organization based in Laurel, Maryland, with an address at 6151 Chevy Chase Drive. Their primary objective is to oversee the operation of public charter schools or other choice schools within the state of Maryland, in accordance with Maryland Senate Bill 75 of 2003. These schools cater to students from kindergarten through 12th grade, offering a rigorous and technology-integrated education with a special focus on mathematics, science, and information technologies. The foundation's mission is to achieve educational excellence by providing a high-quality curriculum in these subject areas. The organization currently employs a team of 141 individuals.
Official website here: www.clfmd.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Chesapeake Lighthouse Foundation Inc has received an 81% rating, showcasing a strong performance in accountability and finance. The organization benefits from a fully independent board, which enhances governance and decision-making. Key financial policies and oversight are well-implemented, reflecting a commitment to transparency and responsible management of resources.
User feedback highlights the impact of the foundation's support, particularly during challenging times like the pandemic. A principal from CMIT South Academy praised the foundation for its inspiring support to students, staff, and families, indicating a positive influence on the community. This demonstrates the foundation's effectiveness in fulfilling its mission and engaging stakeholders.
While the overall rating is positive, the summary does not indicate any specific limitations or areas for improvement. However, continuous monitoring of user reviews and financial practices will help maintain accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Chesapeake Lighthouse Foundation Inc legitimate?
Chesapeake Lighthouse Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesapeake Lighthouse 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: $391,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,888,134
For more financial information, click here
Official website here: www.clfmd.org
What is the mission statement of Chesapeake Lighthouse Foundation Inc?
The Chesapeake Lighthouse Foundation Inc is dedicated to delivering a top-notch education to kindergarten to 12th grade students, with a specific focus on math, science, and technology. Their mission is to attain educational excellence by providing a rigorous and technology-integrated curriculum, with an emphasis on mathematics, science, and information technologies. The Foundation operates one or more public charter or choice schools in Maryland, as outlined in Maryland Senate Bill 75 of 2003. Through its educational programs, the Foundation aims to equip students with the necessary tools and knowledge for academic success.
Official website here: www.clfmd.org
Who is the CEO of Chesapeake Lighthouse Foundation Inc?
Yilmaz Ak is the Ceo of Chesapeake Lighthouse Foundation Inc. The CEO's salary of Chesapeake Lighthouse Foundation Inc is $181,904 and their total compensation is $216,379.
Official website here: www.clfmd.org
What is the revenue of Chesapeake Lighthouse Foundation Inc?
Chesapeake Lighthouse Foundation Inc's revenue in 2023 was $58,554,386.
Official website here: www.clfmd.org
Who are the executives of Chesapeake Lighthouse Foundation Inc and what are their salaries?
The average compensation at Chesapeake Lighthouse Foundation Inc during 2023 was $165,105. There are 141 employees and 15 volunteers at Chesapeake Lighthouse Foundation Inc.
Here are 22 key members and their salaries (Chesapeake Lighthouse Foundation Inc's CEO's salary is $181,904 and their total compensation is $216,379):
- Compensation: $181,904
- Related: $0
- Other: $34,475
- Compensation: $134,470
- Related: $0
- Other: $31,306
- Compensation: $132,076
- Related: $0
- Other: $32,250
- Compensation: $134,128
- Related: $0
- Other: $28,750
- Compensation: $134,366
- Related: $0
- Other: $21,664
- Compensation: $139,806
- Related: $0
- Other: $0
- Compensation: $101,687
- Related: $0
- Other: $1,657
- Compensation: $2,640
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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Official website here: www.clfmd.org
Where can I find the form 990 for Chesapeake Lighthouse Foundation Inc?
Chesapeake Lighthouse Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.clfmd.org
Learn more at the official website: www.clfmd.org
Mission Statement of Chesapeake Lighthouse Foundation Inc
Chesapeake Lighthouse Foundation Inc is a dedicated educational institution with a primary focus on delivering a rigorous and technology-integrated curriculum for kindergarten through 12th grade students, placing a particular emphasis on mathematics, science, and information technologies. The organization's ultimate goal is to attain educational excellence, ensuring that every student is well-equipped to navigate their academic journey and beyond.
The Chesapeake Lighthouse Foundation Inc's mission is to provide a high-quality education that nurtures students' growth in math, science, and technology. In doing so, the foundation operates public charter schools or other choice schools in accordance with Maryland Senate Bill 75 of 2003. By focusing on these core subjects, the foundation aims to foster a strong foundation of knowledge and skills that will serve students well in their future endeavors.
Through its rigorous academic programs, Chesapeake Lighthouse Foundation Inc empowers students to excel academically and develop a strong foundation in essential subjects. The foundation's commitment to technology integration enables students to gain proficiency in using technology to enhance their learning and prepare them for the technological demands of the modern world. With a clear focus on mathematics, science, and information technologies, Chesapeake Lighthouse Foundation Inc is dedicated to unlocking the full potential of every student and setting them on the path to a successful future.
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Impact
October, 2024
Chesapeake Lighthouse Foundation Inc significantly impacts education in Maryland by offering a rigorous and quality curriculum for K-12 students. With a strong emphasis on mathematics, science, and technology, the foundation aims to cultivate a generation of learners well-equipped for the demands of the future. By operating public charter schools, it provides alternative educational pathways that prioritize excellence and innovation.
Through its commitment to integrating technology into the learning experience, the foundation prepares students not just academically but also for practical applications in various fields. This focus on STEM (Science, Technology, Engineering, and Mathematics) disciplines nurtures critical thinking and problem-solving skills, essential for success in today's evolving job market.
Furthermore, the foundation's adherence to Maryland Senate Bill 75 underscores its dedication to educational choice and access, ensuring more students have opportunities to thrive in a supportive and enriched environment. Its initiatives contribute to closing achievement gaps and fostering a love for learning among young learners, setting the stage for lifelong success.
This information is meant to be a general summary of Chesapeake Lighthouse 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $269,148
- Program Service Revenue: $51,922,729
- Gross Receipts: $58,554,386
Assets and Liabilities:
- Total Assets: $104,993,642
- Total Liabilities: $77,855,506
- Net Assets: $27,138,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PER PUPIL FUNDING
Revenue
$50,599,330
ENRICHMENT FEES
Revenue
$1,319,199
OTHER PROGRAM REVENUE
Revenue
$4,200
Organization Details
Founding Year
2003
Phone
(301) 776-2300Principal Officer
Yilmaz Ak
Main Address
6151 CHEVY CHASE DRIVE, LAUREL, MD, 20707
Website
www.clfmd.orgNTEE Category
Code: B29 - Education
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