Lake Wales Charter Schools

Organization Overview

Lake Wales Charter Schools is located in Lake Wales, FL. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Lake Wales Charter Schools employed 709 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Wales Charter Schools is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Lake Wales Charter Schools generated $56.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $54.7m during the year ending 06/2023. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE A COORDINATED, SEEMLESS SYSTEM FOR KINDERGARTEN THROUGH POST-SECONDARY INSTITUTIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CURRICULUM WILL INCLUDE A CHOICE OF CAREER PATHS AND OTHER EDUCATIONAL OPPORTUNITIES THAT BENEFIT FROM PARTNERSHIPS WITH LOCAL BUSINESSES PROVIDING SUPPORT AND MENTORING. THE SCHOOLS SERVED AN AVERAGE OF 4,985 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Alricky Smith
Superintendent Of Schools
$102,999
Mary Cherrington-Gray
Secretary/ Executive Assis
$52,329
Chayla Outing
Trustee
$47,857
Danny Gill
Trustee
$0
Paul Gerrard
Trustee
$0
David Fisher
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
United Health Care
Insurance
$4,903,011
Florida Division Of Retirement
Retirement
$3,750,084
Sla Management
Food/lunch
$2,593,586
Howard Industries Inc
Technology
$792,174
Whitehead Construction
Construction
$434,702
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$213,292
Government grants $16,219,421
All other contributions, gifts, grants, and similar amounts not included above$5,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$16,437,713
Total Program Service Revenue$39,325,988
Investment income $2,020
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $56,865,523

Peer Organizations

Organization NameAssets
Advantage Academy Of Hillsborough Inc
Coral Springs, FL
$67,831,372
Southwest Charter Foundation Inc
Fort Lauderdale, FL
$66,987,568
Doral Academy Inc
Miami, FL
$64,436,877
Lake Wales Charter Schools
Lake Wales, FL
$56,865,523
River City Education Services
Jacksonville, FL
$51,912,378
Drew Charter School Inc
Atlanta, GA
$50,886,313
Mater Academy Central Inc
Kissimmee, FL
$47,428,221
Georgia Connections Academy Charter School Inc
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$45,166,213
Discovery Education Services Inc
Orlando, FL
$33,242,102
Slam Florida Inc
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$31,814,850
Odyssey Charter School Inc
Palm Bay, FL
$34,064,477
Idea Florida Inc
Tampa, FL
$28,549,811
Floridians For Quality Virtual Education Inc
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$29,802,454
Foothills Education Center Inc
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$30,506,171
Kindezi School Inc
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$28,345,367
Kipp Miami Inc
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$22,928,361
The Foundation For Osceola Education Inc
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$22,780,540
Northstar Academies Inc
Fort Lauderdale, FL
$20,060,347
National Ben Gamla Charter Schoolfoundation Inc
Miami, FL
$16,885,049
Wesley International Academy Inc
Atlanta, GA
$15,995,982
Coastal Plains Education Center Inc
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$21,481,367
Global Outreach Charter Academys
Jacksonville, FL
$16,215,591
Downtown Doral Charter Upper School
Doral, FL
$15,874,547
Lake Oconee Academy Inc
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$16,465,917
Lincoln Marti Charter Schools Inc
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$16,958,626

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