Overview

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Est.

2013

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

GREAT LAKES ACADEMY INC is a nonprofit organization focused on charter school education, dedicated to preparing students with essential academic skills, critical thinking abilities, and character strength to thrive in high school, college, and their chosen careers. With an operating budget of $10 million and total revenue of $10.5 million for the 2024 filing year, the organization is supported by multiple funders, none of which provide 50% or more of its revenue. More information can be found on their website at www.glachicago.org.

Mission Statement

TO PREPARE ALL OF OUR STUDENTS WITH THE FUNDAMENTAL ACADEMIC SKILLS, CRITICAL THINKING ABILITY, AND STRENGTH OF CHARACTER TO EXCEL IN HIGH SCHOOL, COLLEGE, AND A CAREER OF THEIR CHOICE. WE EMPOWERALL OF OUR STUDENTS WITH THE EDUCATION TODAY THAT THEY WILL NEED TO CHANGE THE WORLD TOMORROW.
Revenues
$10.5M
Expenses
$10M
Net Income:
+$572.1K
Assets
$13.7M
Liabilities
$6.6M
Net Assets:
+$7.1M
Operating Budget
$10M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
10
Median grant size
$37.5K
Largest grant received
$200K
E
Ebonie Durham
Board Member
B
Brad Karsh
Board Member
F
Faye Paul Teller
Board Member

Frequently Asked Questions

What is GREAT LAKES ACADEMY INC’s budget?
In 2024, GREAT LAKES ACADEMY INC reported an annual operating budget of around $10 million. More detailed financial information is available to registered users.
What causes does GREAT LAKES ACADEMY INC support?
GREAT LAKES ACADEMY INC supports work in Charter school education.
Where does GREAT LAKES ACADEMY INC operate?
GREAT LAKES ACADEMY INC is headquartered in Chicago, IL.
Who funded GREAT LAKES ACADEMY INC recently?
In 2025, GREAT LAKES ACADEMY INC received grants from ANDREWS FAMILY FOUNDATION C/O REESE HENRY & COMPANY INC, Invest for Kids Inc, and NATIONAL PHILANTHROPIC TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant GREAT LAKES ACADEMY INC received in 2024?
The largest grant to GREAT LAKES ACADEMY INC in 2024 exceeds $200 thousand.
What is GREAT LAKES ACADEMY INC’s reliance on government grants?
GREAT LAKES ACADEMY INC relied on government grants for more than 85% of their total revenue in 2024.