Overview
What is The Maranyundo Initiative Inc?
The Maranyundo Initiative Inc., based in Cambridge, Massachusetts, is a dedicated nonprofit organization that strives to enhance academic opportunities for girls in Rwanda. They have established the Maranyundo Girls School, one of Rwanda's top educational institutions for grades 7-12, and provide substantial financial support. This aid extends to ensuring at least 50% of the school's students receive full scholarships, offering competitive teacher salaries to attract and retain high-quality educators, and funding campus development and maintenance. The organization also supports educational programming to promote academic excellence, providing ongoing faculty professional development, STEM resources, college and career programs, and technological materials. Beyond the Maranyundo Girls School, the initiative extends similar support and programming to other students, educators, and schools in Rwanda on a selective basis to create broader impact.
Official website here: www.maranyundo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Maranyundo Initiative Inc has achieved an impressive 96% score from Charity Navigator, reflecting a strong commitment to accountability and finance. This rating indicates that the organization excels in transparency, governance, and financial health, which are crucial aspects for donors looking to support effective nonprofits.
The organization boasts a fully independent board with 100% of its members being independent, highlighting its commitment to ethical governance. Additionally, it has received perfect scores in several areas, including its audit and oversight committee and absence of material diversion of assets, which reinforces its integrity and sound management practices.
While the rating indicates strong financial performance, the organization has a program expense ratio of 87.73%, suggesting that a significant portion of its expenditures is directed toward its programs. Overall, The Maranyundo Initiative Inc stands out for its financial responsibility and governance, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Maranyundo Initiative Inc legitimate?
The Maranyundo Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maranyundo Initiative 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: $77,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $800
For more financial information, click here
Official website here: www.maranyundo.org
What is the mission statement of The Maranyundo Initiative Inc?
The Maranyundo Initiative's mission is centered around increasing access to academic excellence for economically vulnerable girls in Rwanda. They accomplish this by supporting the Maranyundo Girls School and related programs. The organization is proud to have built the Maranyundo Girls School, one of Rwanda's top schools for girls in grades 7-12. They provide financial support for various aspects of the school, ensuring at least 50% of its students receive full scholarships, offering competitive teacher salaries, investing in campus development and maintenance, and funding educational programming to foster academic excellence. Furthermore, they extend similar support and programming to other students, educators, and schools in Rwanda on a selected basis for broader impact, focusing on areas like faculty professional development, STEM resources, college and career programs, and technology and materials.
Official website here: www.maranyundo.org
Who is the CEO of The Maranyundo Initiative Inc?
Kaia Miller Goldstein is the Executive Director of The Maranyundo Initiative Inc.
Official website here: www.maranyundo.org
What is the revenue of The Maranyundo Initiative Inc?
The Maranyundo Initiative Inc's revenue in 2021 was $1,039,924.
Official website here: www.maranyundo.org
Who are the executives of The Maranyundo Initiative Inc and what are their salaries?
The average compensation at The Maranyundo Initiative Inc during 2021 was $39,025. There are 2 employees at The Maranyundo Initiative Inc.
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Official website here: www.maranyundo.org
Where can I find the form 990 for The Maranyundo Initiative Inc?
The Maranyundo Initiative Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.maranyundo.org
Learn more at the official website: www.maranyundo.org
Mission Statement of The Maranyundo Initiative Inc
The Maranyundo Initiative Inc is committed to expanding access to academic excellence for girls hailing from economically vulnerable backgrounds in Rwanda. This nonprofit organization achieves this mission by supporting the Maranyundo Girls School, one of Rwanda's top schools, which caters to girls in grades 7 to 12. The Maranyundo Initiative provides financial assistance for various aspects of the school's operations, ensuring that at least half of the students receive full scholarships. This support also includes competitive teacher salaries to attract and retain high-quality educators, as well as funds for campus development and maintenance.
Beyond supporting the Maranyundo Girls School, The Maranyundo Initiative also invests in educational programming to promote academic excellence and ensure the school maintains its leading position. This includes ongoing faculty professional development, STEM resources and programming, college and career programs, and the provision of technology and materials. Furthermore, the nonprofit extends similar support and programming to other students, educators, and schools in Rwanda on a selective basis, aiming for broader impact.
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Impact
October, 2024
The Maranyundo Initiative Inc significantly enhances educational opportunities for girls in Rwanda, particularly those from economically vulnerable backgrounds. By establishing the Maranyundo Girls School, a leading institution for girls in grades 7-12, the initiative ensures that students receive a quality education characterized by academic excellence.
One of the key impacts is the provision of scholarships, with at least 50% of the school's students receiving full funding, which makes education accessible to those who might otherwise be unable to afford it. This financial support extends to ongoing school operations, ensuring that the school can maintain competitive teacher salaries and attract high-quality educators. By investing in faculty professional development and educational programming, the initiative cultivates an environment that promotes both student achievement and staff excellence.
In addition to supporting the Maranyundo Girls School directly, the initiative also extends its impact to other schools and educators in Rwanda. This broader programming helps disseminate best practices and resources, ultimately raising the educational bar beyond the Maranyundo Girls School.
Overall, the Maranyundo Initiative's efforts play a crucial role in empowering girls through education in Rwanda, contributing to gender equality and enhancing the potential for future leaders in the community.
This information is meant to be a general summary of The Maranyundo Initiative 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.
- Investment Income: $3
- Gross Receipts: $1,039,924
Assets and Liabilities:
- Total Assets: $665,540
- Total Liabilities: $12,858
- Net Assets: $652,682
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Organization Details
Founding Year
2007
Phone
(617) 599-5972Principal Officer
Kaia Miller Goldstein
Main Address
14 ALBERTA TERRACE UNIT 1, CAMBRIDGE, MA, 02140
Website
www.maranyundo.orgNTEE Category
Code: B25 - Education
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