Overview
What is Lake School Corporation?
Lake School Corporation is a nonprofit organization situated in Oakland, California, specifically at 304 Lester Avenue, 94606. Its primary mission involves operating a private preschool catering to approximately 59 students ranging from 2.5 to 5 years old. The school's philosophy is built on the belief that a structured and stimulating environment fosters a child's self-awareness, understanding of their surroundings, and personal development. With a team of 24 dedicated individuals, Lake School Corporation provides an organized and enriched learning environment for its students.
Official website here: www.thelakeschool.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Lake School Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization scored 69% overall, with a strong performance in areas such as having a majority of independent board members and a low liabilities-to-assets ratio. However, it has significant shortcomings, particularly in transparency, as it has not provided financial statements or key policies like a conflict of interest or whistleblower policy.
While the organization excels in program expense ratio, dedicating nearly 88% of its resources towards programs, the lack of essential documentation and policies raises concerns about governance. The board does hold documented meeting minutes, which is a positive aspect. Nonetheless, the absence of vital financial documents on its website further compounds the transparency issues observed.
To improve its rating and organizational effectiveness, Lake School Corporation may need to focus on enhancing its financial disclosures and implementing necessary governance policies. Addressing these areas will not only bolster its accountability but also increase trust among stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake School Corporation?
Currently, Lake School Corporation has not yet received quantified ratings, but the limited reviews indicate a positive sentiment from users. One reviewer mentions that their child loves the school, highlighting not only satisfaction with the educational experience but also an appreciation for the community atmosphere.
This positive feedback suggests that families feel connected and supported within Lake School Corporation. The overall impression is that the school provides a nurturing environment that resonates well with students and parents alike.
This AI summary has been generated from reviews found on Facebook.
Is Lake School Corporation legitimate?
Lake School Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake School Corporation 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: $90,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,710
For more financial information, click here
Official website here: www.thelakeschool.com
What is the mission statement of Lake School Corporation?
The Lake School Corporation's mission is centered around the belief that a structured and enriching environment can help a child develop a sense of self, understanding of the world, and awareness of their own growth. Accordingly, the corporation operates its preschool program in alignment with this mission. The school provides education for approximately 59 students aged 2.5 to 5 years old, fostering their development in a supportive and stimulating environment.
Official website here: www.thelakeschool.com
Who is the CEO of Lake School Corporation?
Maria Gallo is the Executive Dir. of Lake School Corporation.
Official website here: www.thelakeschool.com
What is the revenue of Lake School Corporation?
Lake School Corporation's revenue in 2023 was $645,797.
Official website here: www.thelakeschool.com
Who are the executives of Lake School Corporation and what are their salaries?
The average compensation at Lake School Corporation during 2023 was $16,386. There are 24 employees and 112 volunteers at Lake School Corporation.
Here are 10 key members and their salaries:
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Official website here: www.thelakeschool.com
Where can I find the form 990 for Lake School Corporation?
Lake School Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thelakeschool.com
Learn more at the official website: www.thelakeschool.com
Mission Statement of Lake School Corporation
Lake School Corporation, a private preschool catering to approximately 59 students between the ages of 2-1/2 and 5 years old, is founded on the belief that a structured and enriched environment plays a crucial role in a child's development. The organization's mission is to provide an environment that fosters a child's self-awareness, understanding of the world, and personal growth. By operating its preschool program in accordance with this mission, Lake School Corporation aims to contribute positively to each child's developmental journey.
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Impact
July, 2024
Lake School Corporation's impact is evident in the development and education of approximately 59 young students aged 2-1/2 to 5 years old in Oakland, California. By operating a preschool program that is designed to provide an organized and enriching environment, Lake School Corporation is actively shaping the lives of these children and helping them develop a sense of self, their world, and their own growth. This focused approach towards early childhood education aligns with the organization's mission and underscores its commitment to positively influencing the next generation.
This information is meant to be a general summary of Lake School Corporation. 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: $9,597
- Program Service Revenue: $612,947
- Gross Receipts: $645,797
Assets and Liabilities:
- Total Assets: $921,486
- Total Liabilities: $47,918
- Net Assets: $873,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$612,947
Organization Details
Founding Year
1981
Phone
(510) 839-4227Principal Officer
Maria Gallo
Main Address
304 LESTER AVENUE, OAKLAND, CA, 94606
Website
www.thelakeschool.comNTEE Category
Code: B210 - Education
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