Overview
What is Maui Preparatory Academy Foundation?
Maui Preparatory Academy Foundation is a nonprofit organization situated in Lahaina, Hawaii. The foundation owns the land, buildings, and leasehold improvements used by Maui Preparatory Academy. Its primary role involves managing these resources for educational purposes and raising funds for the academy. Additionally, the foundation oversees the implementation of innovative programs such as the "School of the Future," contributing to the academy's growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Maui Preparatory Academy Foundation demonstrates a strong commitment to accountability and financial health, reflected in its impressive overall score of 94%. The organization has a fully independent board, which enhances its governance and decision-making processes. Key policies regarding conflicts of interest and whistleblower protections are in place, ensuring transparency and ethical management.
The foundation allocates a significant portion of its budget to programs, achieving a program expense ratio of nearly 70%. This indicates a focus on direct impact rather than administrative costs. Additionally, the organization maintains a solid liabilities to assets ratio of 30.40%, suggesting prudent financial management and sustainability.
While the data presented indicates robust governance and programming, the foundation's ongoing effectiveness will depend on its ability to maintain these high standards and adapt to any future challenges. Overall, Maui Preparatory Academy Foundation appears to be a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Maui Preparatory Academy Foundation legitimate?
Maui Preparatory Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maui Preparatory 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: $0
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What is the mission statement of Maui Preparatory Academy Foundation?
The Maui Preparatory Academy Foundation serves as the proprietor of all land, buildings, and leasehold improvements utilized or intended for use by Maui Preparatory Academy. Its primary role involves managing and making these resources accessible for educational purposes. In addition, the foundation engages in fundraising initiatives for the academy and oversees the implementation of a forward-thinking educational program, often referred to as a "School of the Future." The foundation's activities are primarily geared towards supporting the academic institution and its educational objectives.
Who is the CEO of Maui Preparatory Academy Foundation?
Nam Le Viet is the Pres/Secreta of Maui Preparatory Academy Foundation.
What is the revenue of Maui Preparatory Academy Foundation?
Maui Preparatory Academy Foundation's revenue in 2022 was $203,742.
Who are the executives of Maui Preparatory Academy Foundation and what are their salaries?
There 5 volunteers at Maui Preparatory Academy Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Maui Preparatory Academy Foundation?
Maui Preparatory Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maui Preparatory Academy Foundation
The Maui Preparatory Academy Foundation serves as the custodian of all land, buildings, and leasehold improvements utilized or intended for use by Maui Preparatory Academy. Beyond this role, the foundation's primary mission is to manage and make these resources accessible for educational activities. Additionally, the Maui Preparatory Academy Foundation engages in fundraising initiatives for the academy and oversees the implementation of innovative educational programs, such as the "School of the Future." This multifaceted mission aims to ensure the academic success of Maui Preparatory Academy by providing the necessary infrastructure and financial support.
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Impact
October, 2024
Maui Preparatory Academy Foundation significantly enhances educational opportunities by managing and securing the land and facilities essential for Maui Preparatory Academy. By holding titles to all land, buildings, and leasehold improvements, the Foundation ensures that the academy has a stable and supportive environment for its educational activities.
Through its fundraising efforts, the Foundation provides critical resources that support the academy's programs, including the innovative "School of the Future" initiative. This focus on future-oriented education aligns with modern educational practices, preparing students for the challenges of tomorrow. Overall, the Foundation plays a pivotal role in fostering a robust educational ecosystem in Lahaina, HI, benefiting students, teachers, and the broader community.
This information is meant to be a general summary of Maui Preparatory 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 2022.
- Program Service Revenue: $203,742
- Gross Receipts: $203,742
Assets and Liabilities:
- Total Assets: $6,967,585
- Total Liabilities: $2,430,789
- Net Assets: $4,536,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$203,742
Organization Details
Founding Year
2010
Phone
(808) 665-9966Principal Officer
Nam Le Viet
Main Address
4910 HONOAPIILANI HIGHWAY, LAHAINA, HI, 96761
NTEE Category
Code: B112 - Education
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