Overview
What is Monarch Academy Baltimore Campus Inc?
Monarch Academy Baltimore Campus Inc is a tuition-free public charter school established in Baltimore City, catering to students from kindergarten to eighth grade. The academy's mission is to foster critical thinking, creativity, and problem-solving skills in its students, preparing them to become self-disciplined, lifelong learners, and contributors to the global community. The academy incorporates arts and technology into its curriculum to create a highly interactive learning environment. Although the school's charter was not renewed and operations ceased at the end of the 2018-2019 school year, it continues to generate revenue from renting a portion of its building to offset maintenance costs, as of June 30, 2022. The academy's primary goal is to cultivate students who can think critically, solve problems creatively, and understand the importance of serving a cause larger than themselves.
Official website here: www.monarchcharter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% - One-Star out of Four Stars
Monarch Academy Baltimore Campus Inc has received a One-Star rating from Charity Navigator, which highlights concerns primarily related to its financial health. While the organization excels in governance aspects, such as having 100% independent board members and maintaining essential policies, it faces severe challenges in its financial metrics, particularly a liabilities to assets ratio of 114.54% and a program expense ratio of 0%. These figures suggest significant financial instability and an inability to allocate funds towards its programs.
Despite the commendable governance structure, the lack of program expenses raises questions about the organization's operational effectiveness and its commitment to fulfilling its mission. The high salaries of key personnel, particularly the CEO earning $348,728, could further contribute to concerns about resource allocation and priorities within the organization.
In summary, while Monarch Academy Baltimore Campus Inc demonstrates strong accountability practices, the financial difficulties overshadow these strengths, leading to skepticism regarding its overall impact and sustainability as a nonprofit. The organization may need to address its financial management strategies to enhance its performance and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Monarch Academy Baltimore Campus Inc legitimate?
Monarch Academy Baltimore Campus Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monarch Academy Baltimore Campus 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: $0
For more financial information, click here
Official website here: www.monarchcharter.org
What is the mission statement of Monarch Academy Baltimore Campus Inc?
Monarch Academy Baltimore Campus Inc is a tuition-free, publicly funded charter school dedicated to educating students. Its mission is to foster an educational environment that develops critical thinkers, creative problem solvers, self-disciplined individuals, and lifelong learners who understand the importance of serving a cause greater than themselves. The school aims to prepare students for the global community in the 21st century by integrating arts and technology into its rigorous, interactive curriculum. Despite the non-renewal of its charter in 2019, the school's mission continues to be upheld, with operations reflecting revenues from renting a portion of the building to offset maintenance costs.
Official website here: www.monarchcharter.org
Who is the CEO of Monarch Academy Baltimore Campus Inc?
Chris Zimmerman is the Chairperson of Monarch Academy Baltimore Campus Inc. The CEO's salary of Monarch Academy Baltimore Campus Inc is $0 and their total compensation is $306,647.
Official website here: www.monarchcharter.org
What is the revenue of Monarch Academy Baltimore Campus Inc?
Monarch Academy Baltimore Campus Inc's revenue in 2022 was $5,668,871.
Official website here: www.monarchcharter.org
Who are the executives of Monarch Academy Baltimore Campus Inc and what are their salaries?
Here are 9 key members and their salaries (Monarch Academy Baltimore Campus Inc's CEO's salary is $0 and their total compensation is $306,647):
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- Related: $288,525
- Other: $18,122
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- Related: $650,571
- Other: $10,158
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- Other: $0
Official website here: www.monarchcharter.org
Where can I find the form 990 for Monarch Academy Baltimore Campus Inc?
Monarch Academy Baltimore Campus Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monarchcharter.org
Learn more at the official website: www.monarchcharter.org
Mission Statement of Monarch Academy Baltimore Campus Inc
Monarch Academy Baltimore Campus Inc is a tuition-free public charter school that aims to educate students to become self-motivated, creative, critical thinkers and lifelong learners who contribute positively to the global community in the 21st century. The academy encourages students to think critically, question, reflect, and engage in a rigorous, interactive instructional program that integrates arts and technology across the curriculum.
The mission of Monarch Academy Baltimore Campus Inc is to provide a school culture that fosters students who think critically, solve problems creatively, become self-disciplined, learn how to learn, and understand that the goal of life is to serve a cause larger than oneself. The academy is open to all students in Baltimore City and currently serves students from kindergarten to eighth grade. Despite its charter not being renewed and operations ceasing at the end of the 2018-2019 school year, the academy's mission continues to inspire. Even after its closure, revenues from renting a portion of the building helped offset the costs of maintaining the building.
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Impact
July, 2024
Monarch Academy Baltimore Campus Inc had a significant impact on the Baltimore community by providing a tuition-free public charter school that aimed to educate students to be self-motivated, creative, critical thinkers, and lifelong learners. The school's mission focused on developing students who could think critically, problem solve creatively, become self-disciplined, know how to learn, and understand the importance of serving a cause larger than oneself. Despite the challenges faced, the academy played a crucial role in shaping the educational development of students in kindergarten through eighth grade in Baltimore City.
This information is meant to be a general summary of Monarch Academy Baltimore Campus 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: $5,668,871
Assets and Liabilities:
- Total Assets: $11,110,682
- Total Liabilities: $12,742,110
- Net Assets: -$1,631,428
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Organization Details
Founding Year
2011
Phone
(443) 642-2402Principal Officer
Chris Zimmerman
Main Address
6802 MCCLEAN BLVD, BALTIMORE, MD, 21234
Website
www.monarchcharter.orgNTEE Category
Code: B29 - Education
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