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East Lake Academy Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472976837 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

Overview

What is East Lake Academy Inc?

East Lake Academy Inc is a nonprofit organization situated in Birmingham, Alabama, specifically at 700 Huffman Road. The primary source of its revenue comes from unlimited donations from external contributors. This funding is utilized to establish a secure and conducive learning environment, employ dedicated teachers, provide high-quality education based on merit, and promote self-sufficiency in students. The organization, East Lake Academy, is a private Christian school primarily serving students from low-income and minority households in the East Lake/Roebuck community of Birmingham, Alabama. It operates with a mission to receive and manage funds for educational and charitable purposes, contributing to the community by offering quality education and a Christ-centered setting. The organization is led by a team of 20 employees.


Official website here: www.banksacademy.com

Is East Lake Academy Inc legitimate?

East Lake Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Lake Academy 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $575,828

For more financial information, click here


Official website here: www.banksacademy.com

What is the mission statement of East Lake Academy Inc?

East Lake Academy Inc, as a non-profit organization, is dedicated to supporting a private Christian school in its educational and charitable endeavors. Its primary objective is to receive and manage funds for this purpose, specifically in a low-income and minority community. The entity's main source of revenue comes from unlimited donations from outside sources, which are then utilized to provide a safe and secure learning environment. The school employs committed teachers who focus on delivering quality education based on merit, fostering self-sufficiency in students, implementing successful learning strategies, and cultivating a Christ-centered atmosphere.


Official website here: www.banksacademy.com

Who is the CEO of East Lake Academy Inc?

Darryl White is the Board Member of East Lake Academy Inc.


Official website here: www.banksacademy.com

What is the revenue of East Lake Academy Inc?

East Lake Academy Inc's revenue in 2022 was $1,426,107.


Official website here: www.banksacademy.com

Who are the executives of East Lake Academy Inc and what are their salaries?

The average compensation at East Lake Academy Inc during 2022 was $28,791. There are 20 employees at East Lake Academy Inc.

Here are 9 key members and their salaries:

    Bill Hart (Treasurer)
  • Compensation: $105,000
  • Related: $0
  • Other: $0

    • David Cobbin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cal Dodson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Gray (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Moody (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sam Henderson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darryl Eric White (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Foster (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clarissa Kenty (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.banksacademy.com

    Where can I find the form 990 for East Lake Academy Inc?

    The East Lake Academy Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.banksacademy.com

    Learn more at the official website: www.banksacademy.com

    Mission Statement of East Lake Academy Inc

    East Lake Academy Inc, a non-profit organization, was established with the sole purpose of raising and managing funds for a private Christian school situated in a low-income and minority community. The primary aim of this non-profit is to provide educational and charitable assistance to this school. The organization is dedicated to providing a secure and conducive learning environment, hiring committed teachers, and delivering quality education based on merit. The educators at East Lake Academy Inc focus on nurturing self-sufficient students, employing successful learning strategies, and fostering a Christ-centered setting. By doing so, the academy aims to equip its students with the necessary tools to thrive in their academic and personal lives.

    Impact

    This information is meant to be a general summary of East Lake Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    East Lake Academy Inc's impact is significant in the East Lake/Roebuck community of Birmingham, Alabama, where it provides a private Christian school education to students from low-income and minority households. By creating a safe and secure school environment and employing dedicated teachers, the organization aims to empower students with a quality education based on merit. Through their emphasis on self-sufficiency, successful learning strategies, and a Christ-centered approach, East Lake Academy Inc is making a tangible difference in the lives of these students and the community as a whole.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $171
  • Program Service Revenue: $784,587
  • Gross Receipts: $1,467,613

    • Assets and Liabilities:
  • Total Assets: $414,966
  • Total Liabilities: $15,415
  • Net Assets: $399,551
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SCHOLARSHIPS

    Revenue

    $619,685

    OTHER SCHOOL REVENUES

    Revenue

    $89,267

    TUITION AND FEES

    Revenue

    $75,635

    Organization Details

    Founding Year

    2015

    Principal Officer

    Darryl White

    Main Address

    700 HUFFMAN ROAD, BIRMINGHAM, AL, 35215

    NTEE Category

    Code: B25 - Education

    If you are a representative of East Lake Academy Inc 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.