Overview
What is La New Times Western School Inc?
La New Times Western School Inc, located at 743 S Grand View Street, Los Angeles, CA 90057, is a nonprofit organization dedicated to providing affordable, high-quality childcare services in the community. Their mission is to enable parents to pursue employment, attend school, or become gainfully employed by providing a reliable childcare solution. According to the information provided, children enrolled in their program demonstrate improved math, language, and social skills, leading to less need for special education and better academic progress as they grow older in the County of Los Angeles, State of California. The organization employs a total of 21 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% - One-Star out of Four Star rating
La New Times Western School Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization shows a low percentage of independent board members and lacks several essential policies, such as conflict of interest and whistleblower protections, which are critical for maintaining transparency and governance. Despite these shortcomings, it has demonstrated a strong program expense ratio, suggesting that a high portion of its resources is directed towards its programs.
The financial health of La New Times Western School is a concern, specifically indicated by a very high liabilities to assets ratio of 98.69%. This figure points to potential financial instability and raises red flags about the organization’s ability to sustain its operations in the long term. The lack of a publicly listed website, required financial documents, and necessary oversight mechanisms further exacerbate these concerns.
While the organization has managed to avoid material diversion of assets and has good practices in documenting board meeting minutes, the overall lack of foundational policies and independent governance practices results in a problematic rating. Potential donors and supporters should thoroughly consider these factors before contributing to or engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is La New Times Western School Inc legitimate?
La New Times Western School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. La New Times Western School 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: $166,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $402,984
For more financial information, click here
What is the mission statement of La New Times Western School Inc?
La New Times Western School Inc's mission is centered around providing affordable, high-quality child care services within the community. This initiative enables parents to pursue employment, further their education, or become gainfully employed. The primary objective of this service is to enhance the development of children, particularly in areas of mathematics, language, and social skills. As the children grow, they are expected to require less special education and progress further in their schooling within the County of Los Angeles, State of California.
Who is the CEO of La New Times Western School Inc?
Caroline M Kim is the President of La New Times Western School Inc.
What is the revenue of La New Times Western School Inc?
La New Times Western School Inc's revenue in 2022 was $1,667,980.
Who are the executives of La New Times Western School Inc and what are their salaries?
The average compensation at La New Times Western School Inc during 2022 was $27,120. There are 21 employees at La New Times Western School Inc.
Here are 3 key members and their salaries:
- Compensation: $107,308
- Related: $0
- Other: $14,232
- Compensation: $59,224
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for La New Times Western School Inc?
La New Times Western School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of La New Times Western School Inc
La New Times Western School Inc is committed to providing affordable, high-quality child care services within the community. The organization's primary objective is to support parents in seeking employment, furthering their education, or becoming gainfully employed. By offering reliable and affordable child care, La New Times Western School Inc enables parents to focus on their personal growth and development, ultimately benefiting both the parents and their children.
As a result of the school's services, children in Los Angeles County, California, demonstrate improved skills in mathematics, language, and social interactions as they approach their schooling years. This advancement in skill development often translates into a reduced need for special education services as the children progress through school. In essence, La New Times Western School Inc plays a crucial role in setting children up for success in their academic journeys and ensuring they reach their full potential.
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Impact
July, 2024
La New Times Western School Inc's impact is significant in providing affordable quality child care services in the Los Angeles community. By enabling parents to seek employment, pursue education, or remain gainfully employed, the organization plays a crucial role in supporting families and advancing the well-being of children. Through their efforts, children benefit from improved math, language, and social skills as they enter school. This not only sets them up for academic success but also reduces the need for special education services as they progress through their schooling in Los Angeles County, California.
This information is meant to be a general summary of La New Times Western School 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 2022.
- Gross Receipts: $1,667,980
Assets and Liabilities:
- Total Assets: $2,269,130
- Total Liabilities: $2,116,075
- Net Assets: $153,055
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Organization Details
Founding Year
2006
Principal Officer
Caroline M Kim
Main Address
743 S GRAND VIEW STREET, Los Angeles, CA, 90057
NTEE Category
Code: P33 - Human services
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