Overview
What is Morning Star Academy?
Morning Star Academy is a nonprofit institution situated in Bonham, Texas, with its address at 1510 W FM 898, offering faith-based education and childcare services. Established in 2013, the academy caters to children from as young as six weeks old to eighth grade. It provides comprehensive services, including a full-time daycare and preschool for infants and toddlers, before and afterschool care, summer programs, and a full-time elementary school. The academy's mission is to foster a safe, nurturing environment where children can grow physically, spiritually, and academically by integrating biblical faith and quality education into all its programs. The academy's vision is to shape future leaders with strong Christian values, aiming to transform tomorrow. As of the 2021/2022 academic year, Morning Star Academy had 92 students enrolled. The organization is staffed by 38 employees.
Official website here: www.morningstarlions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Morning Star Academy has received an 81% score from Charity Navigator, indicating a solid performance in accountability and finance. This score is based solely on their Accountability & Finance metrics, which reflect a strong commitment to transparency and responsible management of resources.
The organization demonstrates a well-structured governance with 100% of its board members being independent, and it has established robust policies such as conflict of interest and whistleblower policies. Additionally, the charity shows responsible financial practices with a low liabilities to assets ratio and a high program expense ratio of 76.88%, suggesting that the majority of their funding is directed toward their educational programs.
While the three-star rating indicates a good level of accountability, there may still be room for improvement in areas not covered by the current evaluation metrics. Donors and stakeholders may want to look for further information regarding the organization's impact and program outcomes to get a fuller picture of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Morning Star Academy legitimate?
Morning Star Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morning Star 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: $97,718
Professional Fundraising Fees: $0
Other Salaries and Wages: $520,324
For more financial information, click here
Official website here: www.morningstarlions.org
What is the mission statement of Morning Star Academy?
Morning Star Academy's mission is centered around fostering personal, spiritual, and academic growth in children. By integrating biblical faith and quality education into their childcare and academic programs, the academy aims to create a safe and nurturing environment that caters to children from infancy to eighth grade. Their offerings include full-time daycare and preschool for infants and toddlers, before and afterschool care, summer programs, and a full-time elementary school. Established in the 2013/2014 academic year, the academy has consistently grown, with 92 students enrolled during the 2021/2022 academic year.
Official website here: www.morningstarlions.org
Who is the CEO of Morning Star Academy?
Carol Hendrix is the Head Of Scho of Morning Star Academy.
Official website here: www.morningstarlions.org
What is the revenue of Morning Star Academy?
Morning Star Academy's revenue in 2022 was $1,593,135.
Official website here: www.morningstarlions.org
Who are the executives of Morning Star Academy and what are their salaries?
The average compensation at Morning Star Academy during 2022 was $16,264. There are 38 employees and 10 volunteers at Morning Star Academy.
Here are 4 key members and their salaries:
- Compensation: $67,929
- Related: $0
- Other: $3,961
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.morningstarlions.org
Where can I find the form 990 for Morning Star Academy?
Morning Star Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.morningstarlions.org
Learn more at the official website: www.morningstarlions.org
Mission Statement of Morning Star Academy
Morning Star Academy, a faith-based institution, is committed to shaping the future by nurturing young minds and hearts. Its mission is to offer a safe and supportive environment where children from six weeks to eighth grade can grow physically, spiritually, and academically. The academy achieves this by integrating biblical teachings into all its childcare and educational programs. This integration is present in its full-time daycare and preschool for infants and toddlers, its before and afterschool care, summer programs, and its full-time elementary school. By blending biblical faith with traditional education, Morning Star Academy aims to develop Christ-like leaders. The academy began operations in the 2013/2014 academic year with 80 enrolled students and has since grown to accommodate 92 students during the 2021/2022 academic year.
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Impact
July, 2024
Morning Star Academy has a significant impact on the community by providing faith-based education and childcare services to children ages 6 weeks through 8th grade. The academy focuses on shaping hearts, growing minds, and empowering Christ-like leaders, creating a nurturing environment where children can grow physically, spiritually, and academically. By integrating biblical faith and quality education into all of their programs, Morning Star Academy is helping to develop well-rounded individuals who are prepared to make a positive impact on the world.
This information is meant to be a general summary of Morning Star 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: $163,049
- Program Service Revenue: $648,313
- Gross Receipts: $2,507,717
Assets and Liabilities:
- Total Assets: $21,203,372
- Total Liabilities: $6,048
- Net Assets: $21,197,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$645,813
FACILITY RENTAL
Revenue
$2,500
Organization Details
Founding Year
2011
Phone
(903) 583-5974Principal Officer
Carol Hendrix
Main Address
1510 W FM 898, BONHAM, TX, 75418
Website
www.morningstarlions.orgNTEE Category
Code: B24 - Education
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