Overview
What is Monocacy Montessori Communities Inc?
Monocacy Montessori Communities Inc is a community-driven, non-profit organization based in Frederick, Maryland. Their primary mission is to establish and manage public charter schools, adhering to the Montessori philosophy, to provide children in Frederick County with a high-quality, tuition-free education. Their initiatives encompass operating two charter schools, Monocacy Valley and Carroll Creek Montessori, which involve various aspects of school operation. As a non-profit, Monocacy Montessori Communities Inc operates with a single employee, reflecting its commitment to serving the local community.
Official website here: www.mmcimd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Monocacy Montessori Communities Inc has achieved an impressive score of 92%, reflecting strong performance in accountability and finance. This rating is significant as it indicates that the organization operates with a high level of transparency and responsibility, qualities that are vital for building trust with donors and the community.
The organization demonstrates excellent governance practices, with a fully independent board and robust financial oversight mechanisms in place. The lack of material diversion of assets and a high program expense ratio of 94.39% suggests that the majority of funding is effectively directed towards its programs rather than administrative costs. However, it is worth noting that the organization does not have a whistleblower policy listed, which may be a potential area for improvement in its governance practices.
Overall, Monocacy Montessori Communities Inc stands out for its strong financial health and commitment to accountability. While there is room for enhancing certain policies, its overall transparency and effective use of funds are commendable, making it a reliable choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Monocacy Montessori Communities Inc legitimate?
Monocacy Montessori Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monocacy Montessori Communities 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,460
For more financial information, click here
Official website here: www.mmcimd.org
What is the mission statement of Monocacy Montessori Communities Inc?
Monocacy Montessori Communities Inc is a community-driven non-profit organization that adheres to the Montessori philosophy to establish, manage, and sustain public charter schools. Their primary mission is to ensure that all children in Frederick County have access to a high-quality Montessori education without any financial barriers, achieved through the operation of two charter schools: Monocacy Valley and Carroll Creek Montessori. The organization's initiatives aim to provide a comprehensive Montessori education, enhancing the students' learning experience and overall development.
Official website here: www.mmcimd.org
Who is the CEO of Monocacy Montessori Communities Inc?
Tara Dunsmore is the President of Monocacy Montessori Communities Inc.
Official website here: www.mmcimd.org
What is the revenue of Monocacy Montessori Communities Inc?
Monocacy Montessori Communities Inc's revenue in 2023 was $2,298,296.
Official website here: www.mmcimd.org
Who are the executives of Monocacy Montessori Communities Inc and what are their salaries?
The average compensation at Monocacy Montessori Communities Inc during 2023 was $34,460. There is 1 employee and 300 volunteers at Monocacy Montessori Communities Inc.
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Official website here: www.mmcimd.org
Where can I find the form 990 for Monocacy Montessori Communities Inc?
Monocacy Montessori Communities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mmcimd.org
Learn more at the official website: www.mmcimd.org
Mission Statement of Monocacy Montessori Communities Inc
Monocacy Montessori Communities Inc, a community-based non-profit organization, is dedicated to providing all children in Frederick County, Maryland, with access to a high-quality Montessori education at no cost. This is achieved through the establishment and management of public charter schools, specifically Monocacy Valley and Carroll Creek Montessori. The organization's mission is centered around the Montessori philosophy, which emphasizes individualized learning and fostering a child's natural curiosity and ability to learn independently. By operating these charter schools, Monocacy Montessori Communities Inc aims to offer a nurturing and enriching educational environment that caters to the unique needs of each student, thereby contributing to their overall development and future success.
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Impact
July, 2024
Monocacy Montessori Communities Inc's impact is significant in providing all children in Frederick County access to a high-quality Montessori education that is free of charge through the establishment and management of public charter schools. By operating Monocacy Valley and Carroll Creek Montessori schools, MMCI contributes to the education and enrichment of students in Frederick County, Maryland, in line with the Montessori philosophy. Their efforts help shape the learning experiences of children and contribute to the overall educational landscape of the community.
This information is meant to be a general summary of Monocacy Montessori Communities 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 2023.
- Investment Income: $467
- Program Service Revenue: $18,582
- Gross Receipts: $2,298,296
Assets and Liabilities:
- Total Assets: $5,280,157
- Total Liabilities: $118,593
- Net Assets: $5,161,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENRICHMENT
Revenue
$18,582
Organization Details
Founding Year
2002
Phone
(301) 631-3888Principal Officer
Tara Dunsmore
Main Address
PO BOX 1817, FREDERICK, MD, 21702
Website
www.mmcimd.orgNTEE Category
Code: B90 - Education
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