Overview
What is Alim Academy Inc?
Alim Academy Inc is a privately-run, non-profit educational institution situated in Potomac, Maryland. Serving the Washington D.C. metropolitan area, the school caters to both primary and secondary students, accommodating 116 learners during the 2022-2023 academic year. The academy also houses an early childhood department, offering a Montgomery County-licensed program for children aged 2 to 4. Adhering to Islamic values, Alim Academy Inc promotes academic excellence and fosters moral, confident, and innovative global citizens. With a strong commitment to its mission, the school provides a safe, vibrant, and diverse learning environment, ensuring holistic development of its students. The organization employs a total of 37 individuals.
Official website here: www.mymcs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating.
Alim Academy Inc has achieved a three-star rating, reflecting a score of 77% based primarily on accountability and finance metrics. The organization demonstrates strong financial health with an excellent program expense ratio of 85.21%, indicating that a significant portion of its expenditures supports its programs. Additionally, the academy is well-managed, with a fully independent board and no material diversion of assets, showcasing a commitment to ethical governance.
However, while the organization excels in several areas, it does have some limitations. Notably, Alim Academy is missing a whistleblower policy, which can be an important aspect of transparency and accountability in nonprofit governance. Despite this shortcoming, the presence of a conflict of interest policy and proper documentation practices suggests a generally responsible approach to management and operations.
Overall, Alim Academy Inc displays a solid accountability framework and effective financial practices, making it a reliable choice for potential donors interested in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Alim Academy Inc legitimate?
Alim Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alim 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: $43,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $495,774
For more financial information, click here
Official website here: www.mymcs.org
What is the mission statement of Alim Academy Inc?
Alim Academy Inc, a private, non-profit, and non-sectarian school, adhering to Islamic values, has a mission to cultivate well-educated, moral, confident, and innovative global citizens. The school is dedicated to achieving academic excellence while upholding Islamic values, striving to instill these principles in a secure, vibrant, and diverse learning environment. Alim Academy provides primary and secondary education to students in the Washington D.C. metropolitan area and serves around 116 students each year. Additionally, the school offers an early childhood department with a Montgomery County-licensed program catering to young children between the ages of 2 to 4.
Official website here: www.mymcs.org
Who is the CEO of Alim Academy Inc?
Hadi Akhavannik is the School Principal of Alim Academy Inc.
Official website here: www.mymcs.org
What is the revenue of Alim Academy Inc?
Alim Academy Inc's revenue in 2023 was $1,059,238.
Official website here: www.mymcs.org
Who are the executives of Alim Academy Inc and what are their salaries?
The average compensation at Alim Academy Inc during 2023 was $14,561. There are 37 employees and 5 volunteers at Alim Academy Inc.
Here are 6 key members and their salaries:
- Compensation: $43,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mymcs.org
Where can I find the form 990 for Alim Academy Inc?
Alim Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mymcs.org
Learn more at the official website: www.mymcs.org
Mission Statement of Alim Academy Inc
Alim Academy Inc, a private, non-profit, and non-sectarian institution, is dedicated to fostering well-educated, moral, confident, and innovative global citizens. Adhering to Islamic values, this school's mission is to integrate academic excellence with these principles, creating a safe, vibrant, and diverse learning environment. The school serves students in the Washington D.C. metropolitan area, offering primary and secondary education. During the 2022-2023 school year, Alim Academy Inc catered to 116 students. In addition, the school operates an early childhood department, providing a Montgomery County-licensed program for young children aged 2 to 4.
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Impact
July, 2024
Alim Academy Inc makes a significant impact by providing primary and secondary education to students in the Washington DC metropolitan area. The school serves 116 students and also offers a licensed program for young children ages 2 to 4. Alim Academy Inc is committed to producing well-educated, moral, confident, and innovative global citizens, fostering academic excellence alongside Islamic values in a safe, vibrant, and diverse learning environment.
This information is meant to be a general summary of Alim 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 2023.
- Investment Income: $8,196
- Program Service Revenue: $714,109
- Gross Receipts: $1,059,238
Assets and Liabilities:
- Total Assets: $438,019
- Total Liabilities: $33,428
- Net Assets: $404,591
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$714,109
Organization Details
Founding Year
1985
Phone
(301) 340-6713Principal Officer
Hadi Akhavannik
Main Address
7917 Montrose Road, Potomac, MD, 20854
Website
www.mymcs.orgNTEE Category
Code: B24 - Education
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