Overview
What is Mater Academy Foundation?
Mater Academy Foundation is a not-for-profit organization based in Miami, Florida, with a single employee. Their mission is to strengthen Mater Academy Charter Schools by providing essential financial support. The foundation aims to maximize and enhance the educational experience for every student enrolled through this collaborative effort. The organization's activities focus on empowering the schools to foster academic and personal growth for their students.
Official website here: www.guidestar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Mater Academy Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a solid overall score based on their accountability and financial practices. This high score is particularly notable as it underscores the charity's commitment to transparency and governance, with all board members being independent and a robust audit and oversight committee in place.
Strengths highlighted in the rating include a strong program expense ratio of 98.80%, indicating that the majority of their funds are directed towards their mission-related activities. The organization also has comprehensive policies in place for conflict of interest, whistleblower protections, and document retention, all of which contribute to their effective operational framework.
While the rating is favorable, the focus on accountability without more diverse metrics may limit a broader understanding of the organization's impact and effectiveness. Nonetheless, the Mater Academy Foundation demonstrates strong practices that can instill confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mater Academy Foundation legitimate?
Mater Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mater Academy Foundation 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: $48,353
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Official website here: www.guidestar.org
What is the mission statement of Mater Academy Foundation?
The Mater Academy Foundation is a not-for-profit organization dedicated to enhancing the academic and personal growth of students in all Mater Academy Charter Schools. Through a partnership between the foundation and the schools, it aims to maximize the education experience for every child enrolled. The foundation's mission is to provide essential support to the schools, contributing to their ability to deliver quality education and foster each student's development. By working closely with the schools, the foundation ensures that resources are available to create an optimal learning environment and facilitate the success of students.
Official website here: www.guidestar.org
Who is the CEO of Mater Academy Foundation?
Roberto Blanch is the President of Mater Academy Foundation.
Official website here: www.guidestar.org
What is the revenue of Mater Academy Foundation?
Mater Academy Foundation's revenue in 2023 was $19,374,880.
Official website here: www.guidestar.org
Who are the executives of Mater Academy Foundation and what are their salaries?
The average compensation at Mater Academy Foundation during 2023 was $48,353. There is 1 employee and 22 volunteers at Mater Academy Foundation.
Here are 5 key members and their salaries:
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Official website here: www.guidestar.org
Where can I find the form 990 for Mater Academy Foundation?
Mater Academy Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.guidestar.org
Learn more at the official website: www.guidestar.org
Mission Statement of Mater Academy Foundation
Mater Academy Foundation, a not-for-profit organization, is committed to enhancing the academic and personal growth of students attending Mater Academy Charter Schools. The Foundation forms a partnership between itself and the charter schools to optimize the educational experience for every child enrolled. By providing financial support, the Foundation ensures that resources are available to create an enriching learning environment. In essence, Mater Academy Foundation, Inc. is dedicated to maximizing the potential of its students through its collaboration with the charter schools.
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Impact
October, 2024
Mater Academy Foundation significantly enhances the educational experience for students enrolled in Mater Academy Charter Schools in South Florida. By providing financial support, the Foundation ensures that resources are available to maximize both academic and personal growth for each child. This partnership between the Foundation and the charter schools fosters an environment where students can thrive, benefiting from innovative programs and enhanced learning opportunities. The impact is not just in improved educational outcomes but also in cultivating well-rounded individuals prepared for future challenges.
This information is meant to be a general summary of Mater Academy Foundation. 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 2023.
- Investment Income: $2,181,523
- Program Service Revenue: $17,130,420
- Gross Receipts: $19,374,880
Assets and Liabilities:
- Total Assets: $332,384,319
- Total Liabilities: $307,464,772
- Net Assets: $24,919,547
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$17,130,420
Organization Details
Founding Year
2009
Phone
(305) 669-2906Principal Officer
Roberto Blanch
Main Address
6340 SUNSET DRIVE, MIAMI, FL, 33143
Website
www.guidestar.orgNTEE Category
Code: B11 - Education
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