Overview
What is Brain Box Literacy Academy And Educational Services Inc?
Brain Box Literacy Academy and Educational Services Inc, located in Chicago, Illinois, is a nonprofit organization with a mission centered around child care and educational support within the community. Their primary goal is to offer remedial or developmental reading assistance, aiming to enhance the learning capabilities of their target demographic. As an educational corporation, they strive to provide essential aid to the community, working towards the betterment of children's education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star Rating
Brain Box Literacy Academy and Educational Services Inc has received a low rating of 43%, which indicates significant concerns regarding its accountability and financial practices. The organization has a fully independent board, scoring 100% in this area, which is a strength. However, it lacks essential policies such as conflict of interest, whistleblower, and document retention policies, which are crucial for transparency and accountability.
The financial performance of the nonprofit is another area of concern, with a low program expense ratio of 50.62%, suggesting that a considerable portion of its funding may not be directed toward its core programs. Additionally, it has not made financial statements publicly available, which further undermines trust in its financial management. While the charity does have a manageable liabilities-to-assets ratio, the absence of transparency raises questions about its financial health.
While the organization has a strong independent board structure, the lack of key financial documentation and governance policies significantly detracts from its overall rating. Prospective donors and stakeholders should consider these limitations carefully when evaluating their support for Brain Box Literacy Academy and Educational Services Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Brain Box Literacy Academy And Educational Services Inc legitimate?
Brain Box Literacy Academy And Educational Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brain Box Literacy Academy And Educational Services 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: $140,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $179,526
For more financial information, click here
What is the mission statement of Brain Box Literacy Academy And Educational Services Inc?
Brain Box Literacy Academy and Educational Services Inc is an educational corporation that focuses on providing child care and educational support to the community. Its mission, in its own words, is to serve as an educational corporation, offering assistance in child care and educational support. However, to provide a more comprehensive and paraphrased summary, the organization aims to contribute to the community by offering support in child care and education, striving to make a positive impact on the lives of children. They work towards enhancing the educational experiences of children, ensuring they receive the necessary support to thrive. Although the information does not specify the methods or extent of their support, it is clear that Brain Box Literacy Academy and Educational Services Inc is dedicated to contributing to the community in this capacity.
Who is the CEO of Brain Box Literacy Academy And Educational Services Inc?
Ayesha El-Amin is the President / Treasurer of Brain Box Literacy Academy And Educational Services Inc.
What is the revenue of Brain Box Literacy Academy And Educational Services Inc?
Brain Box Literacy Academy And Educational Services Inc's revenue in 2022 was $1,074,610.
Who are the executives of Brain Box Literacy Academy And Educational Services Inc and what are their salaries?
The average compensation at Brain Box Literacy Academy And Educational Services Inc during 2022 was $24,589. There are 13 employees at Brain Box Literacy Academy And Educational Services Inc.
Here are 5 key members and their salaries:
- Compensation: $80,991
- Related: $0
- Other: $0
- Compensation: $37,600
- Related: $0
- Other: $0
- Compensation: $21,541
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Brain Box Literacy Academy And Educational Services Inc?
Brain Box Literacy Academy And Educational Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brain Box Literacy Academy And Educational Services Inc
Brain Box Literacy Academy and Educational Services Inc is a dedicated organization with a mission to provide educational support and child care to its community. In simpler terms, this educational corporation aims to assist children in need of remedial or developmental reading support. Their mission is to contribute positively to the community by offering essential educational services, focusing on child care. This nonprofit organization strives to make a significant impact in the lives of children, ensuring they receive the necessary support to excel in their academic pursuits.
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Impact
July, 2024
Brain Box Literacy Academy And Educational Services Inc's impact is evident through its dedication to providing remedial and developmental reading support to children in the Chicago community. By offering educational services that focus on literacy, the organization is helping children improve their reading skills, which is crucial for academic success and overall development. Through their activities, Brain Box Literacy Academy And Educational Services Inc is positively impacting the lives of children by equipping them with valuable educational tools and support.
This information is meant to be a general summary of Brain Box Literacy Academy And Educational Services 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: $1,074,610
Assets and Liabilities:
- Total Assets: $1,524,284
- Total Liabilities: $500,431
- Net Assets: $1,023,853
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Organization Details
Founding Year
2015
Phone
(773) 230-9682Principal Officer
Ayesha El-Amin
Main Address
9304-08 S ASHLAND AVE, CHICAGO, IL, 60620
NTEE Category
Code: B01 - Education
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