Lake Erie International High School
Nonprofit profile at a glance
- EIN
- 611409704
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Cleveland, OH, USA
- Phone
- 2165397229
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $3,279,619
- Expenses
- $2,514,462
- Assets
- $8,348,750
- Liabilities
- $4,452,328
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- The Educational Empowerment Group (Management Company): $537,568 total reported compensation
- Kim Bogen (Board Member): $5,376 total reported compensation
- Arnell Hurt (Board Member): $5,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lake Erie International High School's mission is to focus on graduation and social growth while preparing students for success in one or more of the following post-graduation options: ENROLLED Students will be prepared with the essential skills to succeed at college, university, or trade school. ENLISTED Students will be prepared, with the assistance of our stakeholders, to begin a military career. EMPLOYED Students will be prepared with the essential skills for a future career with a sustainable income. ENTREPRENEURSHIP Students will be prepared with the essential skills to develop and explore their own unique business plans. LEIHS 2020 SCHOOL THEME: "Level Up" Every student who meets his or her daily goals will have the opportunity to "level up" to the next grade.
What it reported doing in 2024
Committment to our students and our dedication to impacting their education through innovative methods makes us unique.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 23.3%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 3.32; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 12.9%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: -2.3% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 15.5% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.5M in reported program spending
- Leadership: top reported pay $538K · 6 people listed
- Highest-paid contractors: 1 contractor listed · $313K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 23/100.