Overview
What is Malik Academy Inc?
Malik Academy Inc, located in Cambridge, Massachusetts at 808 Memorial Drive, is a renowned nonprofit organization with a strong focus on education. The organization operates two schools, namely Albusstan Preschool and Malik Academy Elementary School, both situated in Cambridge. Malik Academy Inc's mission is to provide a full-time educational institution in Massachusetts, teaching an exceptional curriculum that encompasses all subjects taught in public schools, along with Arabic language instruction. The organization's approach to education is holistic, integrating Islamic values and teachings into various aspects of academic development, social interaction, and personal growth and behavior. This balanced approach aims to foster a strong spiritual connection with the Creator, comprehensive personal development, and a healthy community engagement among its students.
Official website here: www.malikacademy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67% (Two-Star out of Four Star rating)
Malik Academy Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in accountability and financial transparency. The organization scores well in areas such as having a fully independent board and no material diversion of assets, which reflects positively on its governance structure. A high program expense ratio signifies that a large portion of its funds is directed towards its programs, which is beneficial for its mission.
However, several critical policies and practices are lacking. The absence of a conflict of interest policy, whistleblower policy, and document retention guidelines raises concerns about the organization's operational transparency and accountability. Additionally, the failure to post board meeting minutes and the tax form on its website points to a significant gap in providing stakeholders with access to important information.
Overall, while Malik Academy Inc demonstrates strengths in board independence and program spending, the noted deficiencies in governance policies could impact stakeholder trust and organizational effectiveness. Addressing these areas would enhance its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Malik Academy Inc legitimate?
Malik Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malik 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: $344,198
For more financial information, click here
Official website here: www.malikacademy.org
What is the mission statement of Malik Academy Inc?
Malik Academy Inc's mission is centered around operating a full-time school and providing an excellent curriculum. This curriculum encompasses all subjects taught in public schools, in addition to the Arabic language. The organization's goal is to prepare students for various future successes by fostering a love for and understanding of Islam. Malik Academy emphasizes the comprehensive nature of Islam, integrating it into all aspects of academic development, social interaction, and personal growth and behavior. Through this balanced approach, the academy aims to cultivate a strong relationship with the students' Creator, promote comprehensive personal development, and establish a healthy connection with the community.
Official website here: www.malikacademy.org
Who is the CEO of Malik Academy Inc?
Mona Abo-Zena is the President of Malik Academy Inc.
Official website here: www.malikacademy.org
What is the revenue of Malik Academy Inc?
Malik Academy Inc's revenue in 2022 was $758,955.
Official website here: www.malikacademy.org
Who are the executives of Malik Academy Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.malikacademy.org
Where can I find the form 990 for Malik Academy Inc?
Malik Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.malikacademy.org
Learn more at the official website: www.malikacademy.org
Mission Statement of Malik Academy Inc
Malik Academy Inc, a nonprofit organization, is dedicated to providing a full-time educational institution in Massachusetts. Their mission extends beyond the typical public school curriculum, as they also aim to teach Arabic language to their students. Malik Academy strives to prepare its students for various future successes, not just academically, but also spiritually and socially. They achieve this by fostering a love for and understanding of Islam, integrating its principles into all aspects of academic development, social interaction, and personal growth and behavior. By doing so, they aim to help students develop a strong relationship with their Creator, achieve a balanced and comprehensive personal development, and establish a healthy connection with their community.
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Impact
August, 2024
Malik Academy Inc's impact can be seen through its dedication to providing a comprehensive and balanced education to its students in Cambridge, MA. By integrating Islamic teachings into all aspects of academic development, social interaction, and personal growth, the organization aims to guide students towards a strong relationship with their Creator, holistic personal development, and a healthy connection with the community. Through its focus on teaching an excellent curriculum that includes subjects taught in public schools as well as the Arabic language, Malik Academy Inc is preparing students for a successful future while instilling a love for and understanding of Islam. Their work in education reflects a commitment to nurturing well-rounded individuals who are not only academically competent but also spiritually and socially aware.
This information is meant to be a general summary of Malik 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.
- Program Service Revenue: $674,189
- Gross Receipts: $758,955
Assets and Liabilities:
- Total Assets: $277,633
- Total Liabilities: $240,238
- Net Assets: $37,395
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$674,189
Organization Details
Founding Year
2004
Phone
(617) 832-5106Principal Officer
Mona Abo-Zena
Main Address
808 MEMORIAL DRIVE, Cambridge, MA, 02139
Website
www.malikacademy.orgNTEE Category
Code: B24 - Education
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