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Amal Academy Inc Co Benjamin Williams Iii

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463815251 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Amal Academy Inc Co Benjamin Williams Iii?

Amal Academy Inc Co Benjamin Williams Iiii is a nonprofit organization situated in New York City, specifically at 91 Attorney Street, Apartment 8C, New York, NY 10002. Their primary mission is to assist low-income students in realizing their professional aspirations by enhancing their business skills. They aim to achieve this goal through dedicated programming and resources. The organization's work focuses on empowering students to navigate their chosen career paths, thereby fostering their personal and professional growth.


Official website here: www.amalacademy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (63%, Two-Star out of Four Star rating)

Amal Academy Inc Co Benjamin Williams III has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization excels in having a majority of independent board members and maintains a strong liabilities to assets ratio, showcasing solid financial stability and responsible management of resources.

However, significant weaknesses are highlighted in critical governance policies such as conflict of interest and whistleblower protections, where the organization scored zero. Additionally, the absence of board meeting minutes and the failure to post the tax form on its website raise concerns about transparency and accessibility of information to stakeholders. These factors contribute to the overall need for enhanced operational practices to build trust and credibility with the public.

Despite its strengths in financial management, the lack of comprehensive governance protocols could hinder the nonprofit's ability to effectively serve its mission and attract donor support. Addressing these limitations may help Amal Academy Inc improve its standing and public perception in the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Amal Academy Inc Co Benjamin Williams Iii legitimate?

Amal Academy Inc Co Benjamin Williams Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amal Academy Inc Co Benjamin Williams Iii 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: $25,830
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.amalacademy.org

What is the mission statement of Amal Academy Inc Co Benjamin Williams Iii?

Amal Academy Inc's mission is centered around assisting low-income students in realizing their professional aspirations. They achieve this by focusing on developing the students' business skills. The organization aims to provide a platform where these students can enhance their abilities, ultimately setting them on a path towards achieving their career goals. Amal Academy Inc's activities are geared towards empowering students, equipping them with the necessary business acumen to navigate their professional lives with confidence. The organization's mission is to bridge the gap between financial constraints and career prospects, providing opportunities for growth and success.


Official website here: www.amalacademy.org

Who is the CEO of Amal Academy Inc Co Benjamin Williams Iii?

Benjamin Williams Iii is the Ceo of Amal Academy Inc Co Benjamin Williams Iii. The CEO's salary of Amal Academy Inc Co Benjamin Williams Iii is $25,830 and their total compensation is $103,320.


Official website here: www.amalacademy.org

What is the revenue of Amal Academy Inc Co Benjamin Williams Iii?

Amal Academy Inc Co Benjamin Williams Iii's revenue in 2022 was $700,000.


Official website here: www.amalacademy.org

Who are the executives of Amal Academy Inc Co Benjamin Williams Iii and what are their salaries?

There 2 volunteers at Amal Academy Inc Co Benjamin Williams Iii.


There is 1 key member and their salary:


Benjamin Williams Iii (Ceo)
  • Compensation: $25,830
  • Related: $77,490
  • Other: $0


Official website here: www.amalacademy.org

Where can I find the form 990 for Amal Academy Inc Co Benjamin Williams Iii?

Amal Academy Inc Co Benjamin Williams Iii's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.amalacademy.org

Learn more at the official website: www.amalacademy.org

Mission Statement of Amal Academy Inc Co Benjamin Williams Iii

Amal Academy Inc Co Benjamin Williams Iiii is a nonprofit organization with a mission to aid low-income students in realizing their professional aspirations by enhancing their business skills. The primary focus of Amal Academy is to equip these students with the necessary tools to succeed in their chosen careers. By providing them with business training, the organization aims to empower these individuals and contribute to their overall development. Amal Academy's mission is a testament to its commitment to fostering growth and opportunity among low-income students, thereby enabling them to reach their full potential.

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Impact




July, 2024

Benjamin Williams III, through Amal Academy Inc, is making a significant impact by helping low-income students realize their professional aspirations through the development of essential business skills. This initiative in New York City, NY, is providing valuable opportunities for individuals from underprivileged backgrounds to access employment and achieve their career goals. Williams' dedication to empowering these students is creating positive change and opening doors to a brighter future for many in need.




This information is meant to be a general summary of Amal Academy Inc Co Benjamin Williams Iii. 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.

Revenue
$700,000 (2022)
Expenses
$491,512 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $700,000

Assets and Liabilities:

  • Total Assets: $1,352,300
  • Total Liabilities: $100
  • Net Assets: $1,352,200

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Organization Details

Principal Officer

Benjamin Williams Iii

Main Address

91 ATTORNEY STREET AP 8C, NEW YORK, NY, 10002

NTEE Category

Code: J99 - Employment

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