Overview
What is The James Megellas Foundation Inc?
The James Megellas Foundation Inc, located in Glendale, Arizona, is a nonprofit organization with a mission to address social needs and alleviate the government's burden in the field of education. They achieve this by leasing school facilities to a public school district. This strategic approach allows the foundation to contribute significantly to the educational sector, thereby strengthening the community as a whole. The foundation's activities are primarily focused on making a positive impact in the realm of education, thereby enhancing societal well-being.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 1-Star out of Four Stars (52%)
The James Megellas Foundation Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The rating is based solely on a score for Accountability & Finance, where the organization has notably failed to provide essential financial statements and other required documentation on its website. This lack of transparency has contributed to a low overall score.
Despite the issues highlighted, the foundation does show some strengths, including a fully independent board of directors and a high program expense ratio of 97.46%. This suggests that a substantial portion of its resources is directed toward its programs rather than administrative costs. However, the absence of critical policies, such as conflict of interest and whistleblower policies, raises questions about governance and oversight.
Overall, while the foundation's commitment to its programs is evident, the significant gaps in transparency and financial accountability limit its effectiveness and can affect donor trust. Improvements in these areas are essential for enhancing its rating and ensuring the long-term sustainability of its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The James Megellas Foundation Inc legitimate?
The James Megellas Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The James Megellas Foundation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The James Megellas Foundation Inc?
The James Megellas Foundation Inc's primary purpose is to address societal needs and alleviate the burden of government, particularly in the realm of education. The foundation aims to contribute to this mission by lessening the government's responsibilities in this sector. One of their key activities involves leasing school facilities to a public school district. By doing so, the foundation supports educational initiatives, potentially enhancing the learning environment and opportunities for students.
Who is the CEO of The James Megellas Foundation Inc?
Michael W Melton is the President of The James Megellas Foundation Inc.
What is the revenue of The James Megellas Foundation Inc?
The James Megellas Foundation Inc's revenue in 2022 was $3,597,457.
Who are the executives of The James Megellas Foundation Inc and what are their salaries?
There 5 volunteers at The James Megellas Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for The James Megellas Foundation Inc?
The James Megellas Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The James Megellas Foundation Inc
The James Megellas Foundation Inc is committed to addressing social needs and alleviating the burden on government in the realm of education. Its primary purpose is to contribute positively to society by focusing on this sector. The Foundation accomplishes this mission by leasing school facilities to a public school district, thereby playing a significant role in supporting educational institutions and the learning process.
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Impact
October, 2024
The James Megellas Foundation Inc plays a crucial role in enhancing educational opportunities within its community. By leasing school facilities to a public school district in Glendale, AZ, the foundation addresses social needs and helps to alleviate government burdens in the educational sector. Its efforts contribute significantly to creating accessible learning environments for students, fostering academic success and community engagement. Through its initiatives, the foundation not only supports educational infrastructure but also reinforces the importance of collaboration between private and public entities in improving educational outcomes.
This information is meant to be a general summary of The James Megellas Foundation 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: $3,597,457
- Gross Receipts: $3,597,457
Assets and Liabilities:
- Total Assets: $74,322,593
- Total Liabilities: $70,099,717
- Net Assets: $4,222,876
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST
Revenue
$3,543,631
ADDITIONAL USE FEES
Revenue
$53,826
Organization Details
Founding Year
2010
Phone
(623) 581-8117Principal Officer
Michael W Melton
Main Address
6635 W HAPPY VALLEY ROAD, GLENDALE, AZ, 85310
NTEE Category
Code: B122 - Education
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