Learning Academy Inc
Nonprofit profile at a glance
- EIN
- 593474436
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Miramar Beach, FL, USA
- Phone
- 8503146571
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $782,640
- Expenses
- $1,104,525
- Assets
- $1,388,047
- Liabilities
- $388,895
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- ROBIN KING (CHAIRPERSON)
- DON LEWIS LYNN JR (VICE CHAIRPE)
- DR CHERYL PERRY (SECRETARY/TR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Operates charter and contracts schools providing education services for at-risk students grades 6-12.
What it reported doing in 2024
Provides education services for at-risk students in grades 6-12.
Operating model
- Revenue model
- Grant-funded. 98% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.1%; rating input score 63
- Program expense ratio: 44.7%; rating input score 45
- 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: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -41.1%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.26; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -2.6% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 63.1% of revenue deployed · 44.7% of spending went to programs
- Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $494K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.