Overview
What is Lamad Academy Charter School?
Lamad Academy Charter School is a nonprofit institution located in Brooklyn, New York, at 780 SchenECTADY AVENUE. Its mission is to inspire and prepare students to pursue mathematics and science education with enthusiasm and success in their secondary and post-secondary careers. Recognizing the importance of a scientifically-trained and technically-skilled workforce for both American economic growth and national security, Lamad Academy aims to nurture future talent by providing its students with an academically rigorous curriculum, emphasizing mathematics and science. The school, with a team of 37 dedicated individuals, strives to foster an environment that encourages students to excel in these subjects.
Official website here: www.lamadacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
Lamad Academy Charter School has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The score reflects a commitment to transparency and effective governance, with an impressive 100% of its board members being independent. This level of oversight contributes positively to the organization's operational integrity.
The organization demonstrates solid financial practices, evidenced by its high program expense ratio of 85.07%, meaning that a significant portion of its resources is directed toward its mission-driven activities. Additionally, the absence of any material diversion of assets and the presence of robust policies, such as conflict of interest and whistleblower protections, further bolster its credibility.
However, while the financial metrics are largely positive, the liabilities to assets ratio of 54.80% indicates that the organization carries a considerable amount of liabilities in relation to its assets. This aspect may warrant attention as it could affect financial stability in the long term. Overall, Lamad Academy Charter School shows commendable financial health and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Lamad Academy Charter School legitimate?
Lamad Academy Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lamad Academy Charter School 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: $470,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,042,491
For more financial information, click here
Official website here: www.lamadacademy.org
What is the mission statement of Lamad Academy Charter School?
Lamad Academy Charter School's mission is centered around preparing and inspiring students to pursue mathematics and science education with enthusiasm and success, both in their secondary and post-secondary careers. Recognizing the crucial role of a scientifically-trained and technically-skilled workforce in American economic and national security, the school aims to graduate a cadre of future talent by immersing its students in an academically rigorous standard-based curriculum, with a principal emphasis on mathematics and science.
Official website here: www.lamadacademy.org
Who is the CEO of Lamad Academy Charter School?
Alfred Cockfield is the Ceo of Lamad Academy Charter School. The CEO's salary of Lamad Academy Charter School is $184,207 and their total compensation is $190,846.
Official website here: www.lamadacademy.org
What is the revenue of Lamad Academy Charter School?
Lamad Academy Charter School's revenue in 2022 was $2,390,585.
Official website here: www.lamadacademy.org
Who are the executives of Lamad Academy Charter School and what are their salaries?
The average compensation at Lamad Academy Charter School during 2022 was $40,878. There are 37 employees and 7 volunteers at Lamad Academy Charter School.
Here are 10 key members and their salaries (Lamad Academy Charter School's CEO's salary is $184,207 and their total compensation is $190,846):
- Compensation: $184,207
- Related: $0
- Other: $6,639
- Compensation: $172,200
- Related: $0
- Other: $5,408
- Compensation: $99,896
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lamadacademy.org
Where can I find the form 990 for Lamad Academy Charter School?
Lamad Academy Charter School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lamadacademy.org
Learn more at the official website: www.lamadacademy.org
Mission Statement of Lamad Academy Charter School
Lamad Academy Charter School is committed to preparing and inspiring its students to pursue mathematics and science education with enthusiasm and success in their secondary and post-secondary careers. Recognizing the crucial role of a scientifically-trained and technologically-skilled workforce in bolstering both the American economy and national security, Lamad Academy aims to graduate a cadre of such future talent. The school achieves this by immersing its students in an academically rigorous standard-based curriculum, with a primary focus on mathematics and science.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Lamad Academy Charter School's impact is significant in preparing and inspiring students to enthusiastically pursue mathematics and science education for their future academic and career endeavors. By focusing on a rigorous standard-based curriculum with a strong emphasis on these subjects, the school aims to graduate a cadre of scientifically-trained and technically-skilled individuals to contribute to the development of a workforce crucial for American economic and national security interests. Located in Brooklyn, NY, Lamad Academy Charter School is dedicated to fostering a passion for mathematics and science education among its students.
This information is meant to be a general summary of Lamad Academy Charter School. 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: $11
- Program Service Revenue: $1,928,235
- Gross Receipts: $2,390,585
Assets and Liabilities:
- Total Assets: $1,000,628
- Total Liabilities: $855,984
- Net Assets: $144,644
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Student Enrollment
Revenue
$1,928,235
Organization Details
Founding Year
2018
Principal Officer
Alfred Cockfield
Main Address
780 SCHENECTADY AVENUE, BROOKLYN, NY, 11203
Website
www.lamadacademy.orgNTEE Category
Code: B24 - Education
If you are a representative of Lamad Academy Charter School and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.