Overview
What is Monument Academy Inc?
Monument Academy Inc, a nonprofit organization situated in Washington D.C., specializes in empowering children and families who have encountered significant adversity. The organization operates two distinct programs: a daytime school program that combines academic education and enrichment activities, and an evening residential program that provides housing for students from Sunday evening until Friday. This dual approach aims to improve the educational and life outcomes, particularly for older youths, who may have been involved or at risk of involvement in child welfare and other social service systems. With a workforce of 121 individuals, Monument Academy Inc is committed to providing a supportive environment to foster growth and resilience.
Official website here: www.monumentacademy.org
What are the reviews and ratings of this charity?
**Charity : Charity Navigator Rating 81% - Three-Star out of Four Stars **tar Rating**
Monument Academy Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance primarily based on Accountability & Finance. The organization demonstrates a strong commitment to financial integrity, with 100% independent board members and various policies in place to safeguard its governance structure. However, there is a noted concern with the liabilities to assets ratio, which significantly impacted its overall score.
The organization excels in its program expense ratio, allocating 85.15% of its expenses towards its educational programs, indicating a strong focus on fulfilling its mission. The structure in place for audit and oversight, along with the execution of board meeting protocols and conflict of interest policies, also enhance its organizational credibility. Despite these strengths, its financial health can be further improved, given the current liabilities.
User reviews from GreatNonprofits are not available at this time, limiting insights from those with direct experiences with Monument Academy Inc. As such, potential donors or interested parties may need to rely on the metrics provided by Charity Navigator to gauge the charity's effectiveness and reputation in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Monument Academy Inc legitimate?
Monument Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monument Academy 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: $512,856
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,625,907
For more financial information, click here
Official website here: www.monumentacademy.org
What is the mission statement of Monument Academy Inc?
Monument Academy Inc's mission is centered around empowering children and families who have faced significant adversity, often involving child welfare or other social service systems. Their primary objective is to enhance educational and life outcomes, with a strong focus on older youths. Their programs include a daytime school program, which includes academic education and enrichment activities, and an evening residential program that provides housing for students from Sunday evening to Friday.
Official website here: www.monumentacademy.org
Who is the CEO of Monument Academy Inc?
Jeffrey Grant is the Chair of Monument Academy Inc. The CEO's salary of Monument Academy Inc is $206,531 and their total compensation is $229,827.
Official website here: www.monumentacademy.org
What is the revenue of Monument Academy Inc?
Monument Academy Inc's revenue in 2022 was $10,401,082.
Official website here: www.monumentacademy.org
Who are the executives of Monument Academy Inc and what are their salaries?
The average compensation at Monument Academy Inc during 2022 was $42,469. There are 121 employees and 10 volunteers at Monument Academy Inc.
Here are 18 key members and their salaries (Monument Academy Inc's CEO's salary is $206,531 and their total compensation is $229,827):
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- Compensation: $206,531
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- Compensation: $106,625
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- Other: $18,281
Official website here: www.monumentacademy.org
Where can I find the form 990 for Monument Academy Inc?
Monument Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monumentacademy.org
Learn more at the official website: www.monumentacademy.org
Mission Statement of Monument Academy Inc
Monument Academy Inc, a nonprofit organization, is dedicated to empowering children and families who have faced significant adversity. This adversity often includes involvement or the risk of involvement in child welfare and other social service systems. The primary objective of Monument Academy is to improve the educational and life outcomes, especially for older youth.
To achieve this mission, Monument Academy provides a comprehensive set of programs. One such program is a daytime school program, which integrates education for students with enrichment activities. This holistic approach to learning aims to equip these children with the necessary skills and knowledge to overcome their challenges and succeed in life.
Additionally, Monument Academy offers an evening residential program. This program provides housing for students from Sunday evening to Friday. By offering a residential program, Monument Academy can provide a more intensive and supportive environment for these children, helping them to navigate the challenges they face and work towards a brighter future. The mission of Monument Academy Inc is to empower these vulnerable children and families, providing them with the tools and support they need to overcome adversity and achieve their full potential.
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Impact
July, 2024
Monument Academy Inc is dedicated to empowering children and families who have faced significant adversity, such as involvement or risk of involvement in child welfare and other social service systems. Through their innovative programs, including a daytime school program and an evening residential program, Monument Academy aims to improve educational and life outcomes for these individuals, particularly older youths. By providing a supportive and enriching environment, Monument Academy is making a tangible and positive impact on the lives of those they serve, helping them thrive despite the challenges they have faced.
This information is meant to be a general summary of Monument Academy 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.
- Investment Income: -$5,429
- Program Service Revenue: $8,043,450
- Gross Receipts: $10,406,511
Assets and Liabilities:
- Total Assets: $6,529,698
- Total Liabilities: $294,700
- Net Assets: $6,234,998
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PER PUPIL APPROPRIATIONS
Revenue
$7,097,350
PER PUPIL FACILITY ALLOWANCE
Revenue
$946,100
Organization Details
Founding Year
2015
Phone
(202) 545-3180Principal Officer
Jeffrey Grant
Main Address
500 19TH STREET NE, WASHINGTON, DC, 20002
Website
www.monumentacademy.orgNTEE Category
Code: B29 - Education
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