Overview
What is The Miami Boarding School Inc?
The Miami Boarding School Inc, located at 8010 NW 154th St 389, Miami Lakes, Florida, is a nonprofit organization dedicated to providing an exceptional educational program for students from underserved communities in South Florida. During the 2021-2022 school year, they served 300 students in grades 6-12, primarily from Miami-Dade, Broward, and Palm Beach Counties. Eligibility for admission requires South Florida residency, current enrollment as a 5th, 6th, 8th, or 9th grader, and meeting at least one of five risk criteria, such as living in foster care or having an incarcerated family member. Students come from families below 200% of the federal poverty guidelines. The school's mission is to empower students to achieve academic and social success in college and beyond. The 2021-2022 school year marked their second graduating class, with 22 graduates attending universities across the country, including the University of Florida, University of Miami, Florida A&M University, and Guilford College. Currently, the organization employs 126 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Miami Boarding School Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This rating primarily reflects the organization's performance in accountability and finance, showcasing a strong commitment to responsible management and transparency in its operations. The high marks in board independence and the implementation of a conflict of interest policy indicate a well-governed structure.
Strengths of the organization include a fully independent board and a solid program expense ratio of 77.13%, demonstrating that a significant portion of its funds is directed towards its mission-related activities. Additionally, the charity has implemented robust audit and oversight practices, ensuring financial integrity and effective oversight of its resources. The absence of material diversion of assets is another positive aspect that strengthens its credibility.
However, the charity's liabilities to assets ratio stands at 58.99%, which may raise some concerns regarding its financial leverage and sustainability. While the organization scores well in most areas, this aspect may warrant further attention to ensure long-term financial health. Overall, The Miami Boarding School Inc shows a commitment to accountability, though potential financial risks should be monitored.
This AI summary has been generated from information found on Charity Navigator.
Is The Miami Boarding School Inc legitimate?
The Miami Boarding School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Miami Boarding School 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: $809,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Miami Boarding School Inc?
The Miami Boarding School Inc is dedicated to providing an exceptional educational program that empowers students to succeed academically and socially, preparing them for college and beyond. During the 2021-2022 school year, they served 300 students, predominantly from underserved communities in Miami-Dade, Broward, and Palm Beach Counties. Eligibility for enrollment requires South Florida residency, current enrollment as a 5th, 6th, 8th, or 9th grader, and meeting one of five specific risk criteria, such as living in foster care or having an incarcerated family member. In the second graduating class of 2021-2022, 22 students graduated, many of whom are currently pursuing higher education at institutions like University of Florida, University of Miami, Florida A&M University, and Guilford College.
Who is the CEO of The Miami Boarding School Inc?
Melanie Damian is the President/Secretary of The Miami Boarding School Inc.
What is the revenue of The Miami Boarding School Inc?
The Miami Boarding School Inc's revenue in 2022 was $13,758,788.
Who are the executives of The Miami Boarding School Inc and what are their salaries?
The average compensation at The Miami Boarding School Inc during 2022 was $6,424. There are 126 employees and 20 volunteers at The Miami Boarding School Inc.
Here are 19 key members and their salaries:
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- Other: $2,720
Where can I find the form 990 for The Miami Boarding School Inc?
The Miami Boarding School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Miami Boarding School Inc
The Miami Boarding School Inc, a dedicated educational institution, is committed to empowering students with an outstanding academic and social program that sets them up for success in college and beyond. This nonprofit organization aims to provide a nurturing environment that prepares students from underserved communities in South Florida for a brighter future.
During the 2021-2022 school year, The Miami Boarding School Inc served 300 students across grades 6-12, hailing from Miami-Dade, Broward, and Palm Beach Counties. The institution's eligibility requirements, as outlined in Florida State Statute, include South Florida residency, current enrollment as a 5th, 6th, 8th, or 9th grader, and meeting at least one of five risk criteria, such as living in foster care or having an incarcerated family member.
The Miami Boarding School Inc's mission is not just about academic achievement, but also about fostering social development. With a focus on inclusion and empowerment, the nonprofit has seen great strides in its students' progress. Its second graduating class, consisting of 22 students, has gone on to study at universities throughout the country, including the University of Florida, University of Miami, Florida A&M University, and Guilford College. The school's commitment to its students' futures continues to inspire and propel them towards success.
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Impact
October, 2024
The Miami Boarding School Inc significantly impacts students by offering an exceptional educational program that prepares them for success both academically and socially. Enrolling 300 students from underserved communities in Miami-Dade, Broward, and Palm Beach Counties, the school specifically targets individuals who face socioeconomic challenges.
Through its tailored curriculum, the institution empowers students to rise above their circumstances and equips them with the skills necessary for college readiness and beyond. During the 2021-2022 school year, The Seed School of Miami proudly celebrated its second graduating class of 22 students, many of whom are now pursuing higher education at respected universities across the nation, including the University of Florida and the University of Miami.
By focusing on students who meet specific eligibility criteria, such as being from low-income households or having experienced foster care or familial incarceration, the school addresses educational disparities in South Florida. This commitment not only changes individual lives but also contributes to the broader community by fostering an environment of growth, resilience, and opportunity for future generations.
This information is meant to be a general summary of The Miami Boarding School 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: $13,758,788
Assets and Liabilities:
- Total Assets: $13,476,383
- Total Liabilities: $7,283,234
- Net Assets: $6,193,149
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Organization Details
Founding Year
2011
Phone
(786) 503-5728Principal Officer
Melanie Damian
Main Address
8004 NW 154TH ST 389, MIAMI LAKES, FL, 33016
NTEE Category
Code: B20 - Education
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