Overview
What is Milford Academy Inc?
Milford Academy Inc, positioned in New Berlin, New York, serves as a nonprofit institution offering education, room, and board to both high school and post-high school graduate students. Their primary focus is on supporting student-athletes who require additional educational guidance or athletic training. This organization aims to cater to the unique needs of these students, aiming to enhance their academic and athletic capabilities. With a team of 13 dedicated individuals, Milford Academy Inc strives to foster an environment that fosters growth and development in its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Milford Academy Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts a perfect score for having a majority of independent board members, which is a strength in governance. However, it lacks critical financial documentation on its website, which significantly impacts its overall financial transparency.
User feedback on Great Nonprofits is quite positive, with clients expressing high satisfaction with the educational experience their children receive. One client highlighted the supportive and respectful environment fostered by the staff, specifically naming several coaches who positively impacted their child's experience. This suggests that while there may be areas for improvement in accountability, the organization excels in providing quality educational services.
Despite its solid program expenditure ratio of 88.80%, the absence of key policies and missing financial statements are notable limitations. This lack could affect the organization’s trustworthiness among potential donors and stakeholders. Overall, while Milford Academy Inc shows promise through user satisfaction and strong program spending, there are critical areas that require attention to enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Milford Academy Inc legitimate?
Milford Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milford 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $13,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,064
For more financial information, click here
What is the mission statement of Milford Academy Inc?
Milford Academy Inc's mission is centered around addressing the needs of undergraduate and postgraduate student athletes who require additional educational guidance or athletic training. The organization aims to provide these students with education, room, and board, serving as a supportive environment for their academic and athletic growth. By doing so, Milford Academy Inc strives to help these students overcome any challenges they may face in their academic pursuits and athletic careers. Their mission is to contribute positively to the development of these students, enabling them to reach their full potential.
Who is the CEO of Milford Academy Inc?
William Chaplick is the Director Of Operations/Treasurer of Milford Academy Inc.
What is the revenue of Milford Academy Inc?
Milford Academy Inc's revenue in 2021 was $544,138.
Who are the executives of Milford Academy Inc and what are their salaries?
The average compensation at Milford Academy Inc during 2021 was $9,197. There are 13 employees at Milford Academy Inc.
Here are 4 key members and their salaries:
- Compensation: $13,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Milford Academy Inc?
Milford Academy Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Milford Academy Inc
Milford Academy Inc, a nonprofit organization, is dedicated to serving high school and post-high school graduate student-athletes who require additional educational guidance and athletic training. The organization's mission is to address the unique needs of these students, recognizing their potential and providing them with the necessary tools to succeed both academically and athletically. Milford Academy Inc aims to offer education, room, and board to these students, providing them with a supportive environment that fosters their growth and development. The organization is committed to helping these student-athletes overcome any challenges they may face, ensuring they have the opportunity to reach their full potential.
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Impact
July, 2024
Milford Academy Inc provides vital education, room, and board to high school and post-high school graduate student athletes who are in need of additional educational guidance and athletic training. By offering these services, Milford Academy Inc plays a crucial role in supporting the academic and athletic development of these students. Their mission to address the needs of undergraduate and postgraduate student-athletes is commendable and underscores their commitment to helping these individuals reach their full potential both academically and athletically. The impact of Milford Academy Inc is significant in shaping the future success of student athletes who may require extra support to excel in their educational and athletic pursuits.
This information is meant to be a general summary of Milford Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $544,138
- Gross Receipts: $544,138
Assets and Liabilities:
- Total Assets: $91,808
- Total Liabilities: $14,100
- Net Assets: $77,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION REVENUE
Revenue
$544,138
Organization Details
Founding Year
1964
Phone
(607) 847-9260Principal Officer
William Chaplick
Main Address
P O BOX 878, New Berlin, NY, 13411
NTEE Category
Code: B25 - Education
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