Overview
What is Maroon & White Inc?
Maroon & White Inc, based in Grundy Center, Iowa, is a dedicated nonprofit organization. Their primary mission is to foster and bolster child care and educational services in the local community. They actively promote and provide the necessary support to ensure these vital services are accessible and effective within Grundy Center. The organization's commitment to this cause is evident in its description and mission statement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
Maroon & White Inc has been rated One-Star by Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in areas such as having a fully independent board and a high program expense ratio of 78.33%, it faces critical limitations in financial transparency. The absence of financial statements and important documentation, such as a whistleblower policy and tax forms on its website, negatively impacts its overall evaluation.
The charity has demonstrated strong governance with 100% of its board members being independent and having documented board meeting minutes. However, the organization's liabilities to assets ratio of 69.59% raises red flags about its financial health and sustainability. Without proper financial documentation and policies in place, potential donors and stakeholders may be hesitant to support the organization.
Overall, while Maroon & White Inc exhibits strengths in certain governance aspects, its low score reflects serious gaps in financial accountability and transparency. Addressing these issues could enhance stakeholder trust and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Maroon & White Inc legitimate?
Maroon & White Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maroon & White 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.
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What is the mission statement of Maroon & White Inc?
Maroon & White Inc is committed to promoting and supporting child care and educational services. Their mission is to contribute positively to this field, aiming to enhance the learning experiences and development of children. They strive to provide the necessary resources and assistance to facilitate this mission, working towards a community where quality education and care are readily available. Their activities may include advocacy, partnerships with educational institutions, and providing resources to families in need. The organization's ultimate goal is to contribute to the overall well-being and success of the children in their care.
Who is the CEO of Maroon & White Inc?
Melody Hoy is the Chair of Maroon & White Inc.
What is the revenue of Maroon & White Inc?
Maroon & White Inc's revenue in 2022 was $893,331.
Who are the executives of Maroon & White Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Maroon & White Inc?
Maroon & White Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maroon & White Inc
Maroon & White Inc, as a nonprofit organization, is dedicated to championing and fostering child care and educational services in its mission. This commitment involves promoting and providing support in the realm of child care and education, aiming to make a positive impact in various capacities. The organization's primary goal is to contribute to the development and well-being of children by supporting these essential services, thereby ensuring a nurturing and enriching learning environment.
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Impact
October, 2024
Maroon & White Inc significantly impacts Grundy Center, Iowa, by enhancing access to quality child care and educational services. By promoting and supporting these essential services, the organization ensures that families have the resources they need for their children’s development. Their efforts contribute to a stronger community by fostering early childhood education and providing a safe environment for children to grow and learn. This support not only benefits the children but also alleviates burdens on parents, allowing them to pursue work and other opportunities with peace of mind. Through dedicated initiatives, Maroon & White Inc plays a vital role in nurturing a bright future for the youth of Grundy Center.
This information is meant to be a general summary of Maroon & White 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.
- Gross Receipts: $893,331
Assets and Liabilities:
- Total Assets: $4,797,721
- Total Liabilities: $3,339,319
- Net Assets: $1,458,402
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Organization Details
Founding Year
2019
Principal Officer
Melody Hoy
Main Address
703 F AVENUE UNIT 2, GRUNDY CENTER, IA, 50638
NTEE Category
Code: Z99 - Unknown
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