Overview
What is Microsociety Inc?
Microsociety Inc, situated in Philadelphia, Pennsylvania, is a nonprofit organization specializing in professional development. Their mission is to cultivate future leaders equipped for the 21st-century global economy by offering children and youth the chance to experiment, create, produce, and modify within self-governed, interdependent communities. To achieve this, they deliver on-site and virtual training to schools, out-of-school programs, and youth development systems. Their team of experts regularly updates their curriculum and training materials, incorporating recent best practices, research breakthroughs, and educational advancements. Their employee count stands at 7.
Official website here: www.microsociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Microsociety Inc has received a solid score of 79%, which reflects its commitment to accountability and finance. The rating is derived entirely from its accountability metrics, indicating a strong focus on transparency and responsible financial practices. With an impressive 80% of its board members being independent, the organization demonstrates a commitment to governance standards that help ensure its integrity and mission effectiveness.
The organization excels in several key areas, such as having a fully audited financial statement and an oversight committee that received top marks. Its high program expense ratio of 88.84% suggests that a significant portion of its funding is directed toward its programs rather than administrative costs, which is a positive indicator for potential donors and stakeholders.
However, the organization faces a challenge with its liabilities to assets ratio, which is 67.29%. This ratio indicates that the organization may have a considerable amount of liabilities compared to its assets, potentially raising concerns about financial stability. Overall, while Microsociety Inc shows strengths in transparency and governance, it should work on improving its financial health to enhance its operational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Microsociety Inc legitimate?
Microsociety Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Microsociety 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: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,552
For more financial information, click here
Official website here: www.microsociety.org
What is the mission statement of Microsociety Inc?
Microsociety Inc's mission is to refine and further develop the Microsociety program and design educational strategies. The organization aims to foster critical thinkers, problem solvers, and innovators prepared for the 21st century global economy by offering children and youth the opportunity to experiment, create, produce, and modify within their own interdependent, free market communities. Microsociety Inc delivers on-site and virtual professional development to schools, out-of-school time programs, and youth development systems. They ensure their services remain current by regularly reviewing best practices, lessons learned, breakthroughs in educational research, and updating curriculum and training materials. This teacher-training model provides both national and regional consultant support that aligns with educational advances and efforts of the research and development work of Microsociety Inc.
Official website here: www.microsociety.org
Who is the CEO of Microsociety Inc?
Carolynn King-Richmond is the President of Microsociety Inc.
Official website here: www.microsociety.org
What is the revenue of Microsociety Inc?
Microsociety Inc's revenue in 2022 was $805,210.
Official website here: www.microsociety.org
Who are the executives of Microsociety Inc and what are their salaries?
The average compensation at Microsociety Inc during 2022 was $43,793. There are 7 employees at Microsociety Inc.
Here are 5 key members and their salaries:
- Compensation: $95,000
- Related: $0
- Other: $0
- Compensation: $0
- 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.microsociety.org
Where can I find the form 990 for Microsociety Inc?
Microsociety Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.microsociety.org
Learn more at the official website: www.microsociety.org
Mission Statement of Microsociety Inc
Microsociety Inc, an organization dedicated to refining and further developing the Microsociety program, seeks to foster thinkers, problem solvers, and innovators prepared for the 21st-century global economy. They achieve this by offering children and youth the opportunity to experiment, create, produce, and modify within their own interdependent, free market communities. This hands-on approach allows young individuals to develop crucial skills needed to thrive in the contemporary world.
To ensure the Microsociety program remains relevant and up-to-date, Microsociety Inc provides on-site and virtual professional development to public and private schools, out-of-school time programs, and youth development systems. Their continuous training faculty reviews best practices, lessons learned, breakthroughs in educational research, and updates curriculum and training materials regularly. This dynamic teacher-training model aligns with educational advances and efforts of the research and development work of Microsociety Inc, providing both national and regional consultant support. The result is a comprehensive and forward-thinking approach to education that empowers young people to become active participants in their own learning and development.
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Impact
October, 2024
Microsociety Inc significantly impacts education by enhancing learning experiences for children and youth through the Microsociety program. By designing innovative educational strategies tailored for public and private schools, as well as out-of-school time programs, it fosters an environment where students can experiment, create, and develop essential life skills.
The organization provides both on-site and virtual professional development, ensuring that educators are equipped with the latest teaching methods and best practices. This commitment to continuous improvement is reflected in the ongoing collaboration among its training faculty, who regularly review educational research and update curriculum materials.
By focusing on cultivating thinkers, problem solvers, and innovators, Microsociety Inc prepares students to thrive in a 21st-century global economy. Its unique approach allows learners to engage in interdependent, free-market communities, promoting not just academic success but also a robust understanding of real-world dynamics. The national and regional consultant support further strengthens this initiative, aligning educational practices with contemporary advancements and research in the field. Overall, Microsociety Inc plays a pivotal role in transforming educational landscapes and nurturing the next generation of leaders.
This information is meant to be a general summary of Microsociety 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: $66
- Program Service Revenue: $4,473
- Gross Receipts: $805,210
Assets and Liabilities:
- Total Assets: $469,433
- Total Liabilities: $315,920
- Net Assets: $153,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES
Revenue
$4,473
Organization Details
Founding Year
1991
Phone
(215) 922-4006Principal Officer
Carolynn King-Richmond
Main Address
3401 MARKET STREET SUITE 200, PHILADELPHIA, PA, 19104
Website
www.microsociety.orgNTEE Category
Code: B99Z - Education
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