Overview
What is New Millennium Academy?
The New Millennium Academy is a public school based in Brooklyn Center, Minnesota, with an address at 5105 Brooklyn Blvd. During the 2021-2022 academic year, they served approximately 802 students in grades K-8, with 64% of them coming from low-income families and many also qualifying for English language services. This demographic composition generates additional funding from the state but also presents various challenges. The academy's mission focuses on developing global leaders and preparing learners for life, engaging them in high academic achievement, and fostering Hmong cultural pride and identity. Their community boasts a team of 254 employees.
Official website here: www.newmilleniumacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
New Millennium Academy has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score is primarily based on their strong commitment to financial transparency and governance practices, with an impressive 86.40% program expense ratio, demonstrating a significant allocation of resources towards their programs.
The organization benefits from an independent board, with 66% of members being independent, which enhances its governance structure. They have established multiple policies, including conflict of interest and whistleblower policies, ensuring ethical standards within their operations. The audit and oversight measures are robust, contributing positively to their overall financial management.
However, New Millennium Academy did face a challenge with its liabilities to assets ratio, receiving a score of 0 out of 15 points in this area. This could indicate potential concerns regarding their financial stability, which may warrant further scrutiny by stakeholders interested in their long-term viability. Overall, while the organization shows many strengths, addressing its financial liabilities will be crucial for future performance.
This AI summary has been generated from information found on Charity Navigator.
Is New Millennium Academy legitimate?
New Millennium Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Millennium Academy 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: $329,216
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,047,042
For more financial information, click here
Official website here: www.newmilleniumacademy.org
What is the mission statement of New Millennium Academy?
The New Millennium Academy is dedicated to shaping future global leaders and transforming the world. This community prepares learners for life, encouraging high academic achievement, and fostering Hmong cultural pride and identity. During the 2021-2022 school year, the academy served an average of 802 students in grades K-8, with 64% of them coming from low-income families and eligible for free or reduced lunches. Additionally, many students qualified for EL services, generating both extra funding from the state and various challenges.
Official website here: www.newmilleniumacademy.org
Who is the CEO of New Millennium Academy?
Chonburi Lee is the Executive Director of New Millennium Academy.
Official website here: www.newmilleniumacademy.org
What is the revenue of New Millennium Academy?
New Millennium Academy's revenue in 2022 was $14,190,850.
Official website here: www.newmilleniumacademy.org
Who are the executives of New Millennium Academy and what are their salaries?
The average compensation at New Millennium Academy during 2022 was $29,040. There are 254 employees and 5 volunteers at New Millennium Academy.
Here are 11 key members and their salaries:
- Compensation: $155,557
- Related: $0
- Other: $21,451
- Compensation: $119,667
- Related: $0
- Other: $27,500
- Compensation: $104,298
- Related: $0
- Other: $22,279
- Compensation: $59,295
- Related: $0
- Other: $12,147
- Compensation: $56,712
- Related: $0
- Other: $12,324
- Compensation: $53,414
- Related: $0
- Other: $11,181
- Compensation: $38,741
- Related: $0
- Other: $6,896
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newmilleniumacademy.org
Where can I find the form 990 for New Millennium Academy?
New Millennium Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmilleniumacademy.org
Learn more at the official website: www.newmilleniumacademy.org
Mission Statement of New Millennium Academy
The New Millennium Academy, an educational institution, is dedicated to cultivating future global leaders who will make a significant impact on the world. Nurturing learners for life, this community goes beyond academics to engage students in high achievement. The academy is particularly committed to preserving and instilling Hmong cultural pride and identity within its student body.
During the 2021-2022 school year, New Millennium Academy served approximately 802 students in grades K-8. A substantial portion of the student population, around 64%, came from low-income families, qualifying for free or reduced-price lunches. Additionally, many students required additional educational support, such as English Language Services (EL). While these factors generate extra funding from the state, they also pose various challenges for the academy. Despite these hurdles, New Millennium Academy remains steadfast in its mission to prepare learners for life and foster a strong sense of cultural identity.
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Impact
October, 2024
New Millennium Academy plays a pivotal role in shaping the future of its students and the broader community. By providing academic services to an average of 802 students in grades K-8 during the 2021-2022 school year, the academy has become a cornerstone of educational support in Brooklyn Center, MN. With 64% of its students coming from low-income families, the academy addresses critical educational challenges while nurturing a diverse learning environment.
The focus on high academic achievement not only equips students with essential knowledge but also helps develop global leaders who are prepared to transform the world. By fostering Hmong cultural pride and identity, New Millennium Academy empowers students to embrace their heritage while excelling academically. This dual focus on education and cultural identity enriches the school experience and promotes a sense of belonging among students.
Overall, New Millennium Academy's commitment to engaging learners and preparing them for life positively impacts the community, ensuring that its students have the tools needed to succeed in an increasingly complex global landscape.
This information is meant to be a general summary of New Millennium Academy. 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.
- Investment Income: $864
- Program Service Revenue: $109,453
- Gross Receipts: $14,191,768
Assets and Liabilities:
- Total Assets: $10,314,612
- Total Liabilities: $10,390,845
- Net Assets: -$76,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOOD SALES
Revenue
$67,900
MEDICAL ASSISTANCE
Revenue
$38,622
FEES FROM PATRONS
Revenue
$2,931
Organization Details
Founding Year
2004
Phone
(612) 377-6260Principal Officer
Chonburi Lee
Main Address
5105 BROOKLYN BLVD, BROOKLYN CENTER, MN, 55429
Website
www.newmilleniumacademy.orgNTEE Category
Code: B20 - Education
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