Overview
What is Marc Academy & Family Center Inc?
Marc Academy & Family Center Inc, located in the Bronx, New York, serves as a sponsoring agency for a Family Child Care Network. This nonprofit is contracted with the Department of Education (DOE) to deliver early care and education services to 434 children, ranging from 2 months to 3 years old. They work in collaboration with 37 duly licensed providers, ensuring children receive up to 10 hours of care daily, five days a week, throughout the year. The mission of Marc Academy & Family Center Inc is to empower children and their families, helping them overcome challenges and reach their full potential, fostering a lifetime of learning and success. Their programs are designed to nurture and invest in both children and families, contributing to their overall growth and development. With a workforce of 47 individuals, Marc Academy & Family Center Inc is dedicated to making a positive impact in the community.
Official website here: www.marcafc.org
What are the reviews and ratings of this charity?
Charity Navigator rates Marc Academy & Family Center Inc with an 81%, giving it a Three-Star out of Four Star rating. This score reflects strong performance in Accountability & Finance, indicating a solid commitment to transparency and effective governance. With 100% of its board members being independent and a perfect score in several key financial oversight areas, the organization demonstrates a high level of accountability.
Strengths highlighted in the rating include a program expense ratio of 91.89%, meaning that the vast majority of funds are directed towards programs rather than administrative costs. The organization also has policies in place for conflict of interest, whistleblower protections, and document retention, contributing to its strong governance practices. These factors suggest a well-managed nonprofit that effectively utilizes donations to further its mission.
While the rating is commendable, it is essential for potential supporters to consider the overall impact and effectiveness of the programs offered by Marc Academy & Family Center Inc. The rating primarily focuses on financial accountability, so further evaluation of program outcomes and beneficiary satisfaction may provide a more comprehensive view of the organization’s effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Marc Academy & Family Center Inc legitimate?
Marc Academy & Family Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marc Academy & Family Center 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: $393,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.marcafc.org
What is the mission statement of Marc Academy & Family Center Inc?
Marc Academy & Family Center Inc's mission is centered around assisting children in overcoming challenges and reaching their full potential. This is accomplished through programs that foster growth, empower, and invest in both the children and their families, promoting a lifelong journey of learning and success. The organization serves as a sponsoring agency to a Family Child Care Network, providing early care and education to young children, aged 2 months to 3 years, for up to 10 hours a day, five days a week, throughout the year. The Family Child Care Network, contracted with 37 licensed providers, offers these services to families and children.
Official website here: www.marcafc.org
Who is the CEO of Marc Academy & Family Center Inc?
Nadine Spencer is the Chairman (Jan-May 2021) of Marc Academy & Family Center Inc.
Official website here: www.marcafc.org
What is the revenue of Marc Academy & Family Center Inc?
Marc Academy & Family Center Inc's revenue in 2022 was $7,030,286.
Official website here: www.marcafc.org
Who are the executives of Marc Academy & Family Center Inc and what are their salaries?
The average compensation at Marc Academy & Family Center Inc during 2022 was $8,367. There are 47 employees and 35 volunteers at Marc Academy & Family Center Inc.
Here are 8 key members and their salaries:
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Official website here: www.marcafc.org
Where can I find the form 990 for Marc Academy & Family Center Inc?
Marc Academy & Family Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marcafc.org
Learn more at the official website: www.marcafc.org
Mission Statement of Marc Academy & Family Center Inc
Marc Academy & Family Center, a nonprofit organization, is dedicated to helping children overcome various challenges and reach their full potential. Through its programs, the center nurtures, empowers, and invests in both the children and their families, fostering a lifelong journey of learning and success. Its mission is to provide a supportive environment where children can grow and thrive, while simultaneously empowering their families to play an active role in their children's development. By offering early care and education services to children as young as two months, and continuing through the age of three, Marc Academy & Family Center seeks to lay a strong foundation for each child's future. The center achieves this by partnering with 37 duly licensed Family Child Care providers, contracted through the Department of Education, to offer up to 10 hours of care per day, five days a week, for the entire year.
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Impact
October, 2024
Marc Academy & Family Center Inc significantly impacts the lives of children and families in the Bronx, NY, by providing essential early care and education services. Through its Family Child Care Network, the organization supports 434 children, offering them a nurturing environment that fosters their growth from as young as two months old.
The center collaborates with 37 licensed family child care providers, ensuring that families have access to up to 10 hours of daily care, five days a week, throughout the year. This comprehensive support system not only helps children develop foundational skills crucial for lifelong learning but also empowers families, equipping them with resources and guidance. By investing in both children and their families, Marc Academy & Family Center works tirelessly to remove barriers and create pathways to success, helping every child achieve their full potential.
This information is meant to be a general summary of Marc Academy & Family Center 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: $34
- Program Service Revenue: $72,732
- Gross Receipts: $7,030,286
Assets and Liabilities:
- Total Assets: $2,930,935
- Total Liabilities: $1,129,543
- Net Assets: $1,801,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENT FEES
Revenue
$72,732
Organization Details
Founding Year
1997
Phone
(718) 562-3410Principal Officer
Nadine Spencer
Main Address
55 E 175th STREET, BRONX, NY, 10453
Website
www.marcafc.orgNTEE Category
Code: B99 - Education
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