Overview
What is Mastery Community Builders Inc?
Mastery Community Builders Inc, a nonprofit organization based in Camden, New Jersey, was established with the mission to enhance the educational prospects of children residing in economically disadvantaged neighborhoods. The primary function of Mastery Community Builders is to develop and refurbish educational facilities, which they then lease to Mastery Schools of Camden or other authorized charter schools, as permitted by the Urban Hope Act. This initiative aims to provide suitable learning environments for children in low-income communities, thereby improving their educational opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
Mastery Community Builders Inc has received a moderate rating of 67% from Charity Navigator, which indicates some strengths in its governance and program spending but highlights significant areas for improvement in its accountability practices. The organization boasts a fully independent board and an impressive program expense ratio of 98.80%, signifying a strong commitment to its mission and efficient use of funds for programs.
However, the organization has notable gaps in its accountability and financial practices, as reflected in its lower scores. The absence of key policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about governance transparency and ethical standards. Additionally, the organization's high liabilities to assets ratio suggests potential financial vulnerability, which could impact its long-term sustainability and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Mastery Community Builders Inc legitimate?
Mastery Community Builders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mastery Community Builders 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mastery Community Builders Inc?
Mastery Community Builders Inc., as a nonprofit organization, focuses primarily on enhancing the educational opportunities for school-aged children residing in low-income communities. Their primary mission involves the development and renovation of facilities, which are then leased to Mastery Charter Schools or authorized Renaissance Schools, in accordance with the Urban Hope Act. The objective is to provide these schools with suitable facilities, thereby improving the educational environment for the children.
Who is the CEO of Mastery Community Builders Inc?
Jay Goldstein is the President of Mastery Community Builders Inc.
What is the revenue of Mastery Community Builders Inc?
Mastery Community Builders Inc's revenue in 2022 was $3,813,641.
Who are the executives of Mastery Community Builders Inc and what are their salaries?
There 2 volunteers at Mastery Community Builders Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mastery Community Builders Inc?
Mastery Community Builders Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mastery Community Builders Inc
Mastery Community Builders Inc, a nonprofit corporation, is dedicated to enhancing the educational prospects of children residing in low-income communities. The organization's primary objective is to develop and renovate facilities that will then be leased to Mastery Schools of Camden or other authorized Renaissance Schools, as permitted under the Urban Hope Act. In essence, Mastery Community Builders Inc serves as a facilitator, providing the physical infrastructure needed to support the educational missions of these charter schools, thereby improving the educational opportunities for countless children.
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Impact
July, 2024
Mastery Community Builders Inc has a significant impact on improving the education and educational opportunities for school-age children living in low-income communities throughout Camden, New Jersey. By developing and renovating facilities for lease to Mastery Schools of Camden and other authorized Renaissance Schools, Mastery Community Builders Inc is playing a crucial role in providing a conducive learning environment for students in underserved areas. This initiative not only supports the growth and success of charter schools but also contributes to the overall educational development of the community.
This information is meant to be a general summary of Mastery Community Builders 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: $1,839
- Gross Receipts: $5,870,734
Assets and Liabilities:
- Total Assets: $76,421,299
- Total Liabilities: $70,831,554
- Net Assets: $5,589,745
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Organization Details
Founding Year
2015
Phone
(215) 866-9000Principal Officer
Jay Goldstein
Main Address
5700 WAYNE AVENUE, PHILADELPHIA, PA, 19144
NTEE Category
Code: B90 - Education
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