Master Minds Academy Incorporated

Charity Navigator Rating: 52% (One-Star out of Four Star rating)

Master Minds Academy Incorporated has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which raises questions about governance and oversight. Additionally, it has not provided essential financial statements or documentation regarding board meetings, which are important for transparency.

While Master Minds Academy demonstrates a solid program expense ratio of 83.95%, suggesting that a substantial portion of its expenses is directed towards its programs, its overall governance practices are lacking. The absence of critical policies, such as conflict of interest and whistleblower policies, further contributes to its low score. This lack of structure and transparency could hinder public trust and support.

Despite these challenges, the organization has achieved a perfect score in its liabilities to assets ratio, reflecting responsible financial management in terms of asset utilization. However, the deficiencies in governance and accountability overshadow these positive aspects, highlighting the need for improvement in its administrative practices.

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

Master Minds Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Master Minds Academy Incorporated 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: $26,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,327

For more financial information, click here

Official website here: www.mastermindsacademy.org