Overview
What is Madina Academy Inc?
Madina Academy Inc, located at 519 Palisado Ave, Windsor, Connecticut 06095, is a private elementary, middle, and high school. With a commitment to noble traditions, the academy offers education aimed at fostering responsible and virtuous individuals. The primary source of revenue for Madina Academy is through tuition fees and donations. The nonprofit employs a team of 41 individuals, dedicating their efforts to providing quality education to students in these grade levels.
Official website here: www.madinaacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
Madina Academy Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization excels in various areas, boasting full scores for factors such as independent board composition and a perfect program expense ratio, indicating that all of its expenses go directly to its programs.
Strengths include 100% independent board members and effective governance practices, such as having a conflict of interest policy in place. The absence of any material diversion of assets and a zero liabilities to assets ratio further emphasize the organization's financial health, demonstrating strong fiscal responsibility and transparency.
However, a notable limitation is the missing whistleblower policy, which could impact the overall governance and accountability framework of the organization. While Madina Academy Inc shows commendable financial practices, implementing this policy could enhance its operational integrity and reassure stakeholders about its commitment to ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Madina Academy Inc legitimate?
Madina Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madina 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $386,413
For more financial information, click here
Official website here: www.madinaacademy.org
What is the mission statement of Madina Academy Inc?
Madina Academy Inc, as a private educational institution, is committed to providing education that adheres to noble traditions. This educational approach aims to shape well-rounded individuals who can serve as role models in society. The institution's mission is to foster the development of model citizens through its educational programs. The educational process at Madina Academy is designed to instill values and knowledge that prepares students for their roles in society.
Official website here: www.madinaacademy.org
Who is the CEO of Madina Academy Inc?
Naeem Khalid is the President of Madina Academy Inc.
Official website here: www.madinaacademy.org
What is the revenue of Madina Academy Inc?
Madina Academy Inc's revenue in 2022 was $1,352,178.
Official website here: www.madinaacademy.org
Who are the executives of Madina Academy Inc and what are their salaries?
The average compensation at Madina Academy Inc during 2022 was $9,425. There are 41 employees at Madina Academy Inc.
Here are 4 key members and their salaries:
- Compensation: $80,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.madinaacademy.org
Where can I find the form 990 for Madina Academy Inc?
Madina Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madinaacademy.org
Learn more at the official website: www.madinaacademy.org
Mission Statement of Madina Academy Inc
Madina Academy, a renowned private educational institution, is committed to providing education rooted in the most esteemed traditions. The ultimate goal of this education is to foster the development of exceptional individuals who can serve as exemplary citizens in their communities. By offering programs for elementary, middle, and high school students, Madina Academy aims to instill values and knowledge that will shape the future leaders of society.
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Impact
July, 2024
Madina Academy Inc carries a significant impact through its provision of education based on the noblest traditions to elementary, middle, and high school students. By focusing on this mission, the academy contributes towards shaping model citizens who are equipped with the knowledge and values necessary for success in their personal and professional lives. Additionally, the academy's activities help in building a strong community through the education and empowerment of its students.
This information is meant to be a general summary of Madina 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 2022.
- Investment Income: $96,186
- Program Service Revenue: $1,053,267
- Gross Receipts: $1,491,166
Assets and Liabilities:
- Total Assets: $2,879,938
- Total Liabilities: $35,000
- Net Assets: $2,844,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$1,053,267
Organization Details
Founding Year
2001
Principal Officer
Naeem Khalid
Main Address
519 Palisado Ave, Windsor, CT, 06095
Website
www.madinaacademy.orgNTEE Category
Code: B24 - Education
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