Overview
What is Millennium Education Foundation Inc?
Millennium Education Foundation Inc is a nonprofit organization situated in Mount Airy, North Carolina, with a primary focus on operating a North Carolina public charter school. Serving approximately 686 students, the foundation played a significant role in the educational sector during the fiscal year ending on June 30, 2023. With a dedicated workforce of 130 employees, Millennium Education Foundation Inc contributes to the community by providing quality educational opportunities for local students, fostering an inclusive and nurturing learning environment. The foundation's mission is centered around the operation of this public charter school, aiming to contribute positively to the lives and futures of its students.
Official website here: www.mcademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
The Millennium Education Foundation Inc received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scores well in areas such as board independence and program expense ratio, displaying strong oversight and responsible financial management. However, it does lack in critical areas such as having a whistleblower policy and not providing its tax form on the website, which may raise concerns regarding transparency.
While the foundation's independent board and strong financial oversight reflect positively on its governance, the absence of a whistleblower policy might deter potential supporters seeking assurance of ethical practices. Furthermore, the high liabilities to assets ratio indicates potential financial risk, which is a factor to consider for stakeholders assessing the organization's long-term stability.
User reviews from GreatNonprofits could not be fetched, leaving out firsthand perspectives on individual experiences with the organization. Overall, while the foundation shows promise in governance and financial management, potential donors may want to look deeper into its operational practices and transparency efforts before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Millennium Education Foundation Inc legitimate?
Millennium Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millennium Education Foundation 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: $246,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,250,246
For more financial information, click here
Official website here: www.mcademy.com
What is the mission statement of Millennium Education Foundation Inc?
The Millennium Education Foundation Inc's mission is centered around operating a North Carolina public charter school. This mission is carried out by managing a charter school in Mount Airy, North Carolina, serving around 686 students during the fiscal year ending on June 30, 2023. The foundation's primary objective is to provide educational services within this charter school setting. While specific details about the educational approach or other mission-related aspects are not provided, it can be inferred that the foundation's mission revolves around providing quality education within the framework of a public charter school.
Official website here: www.mcademy.com
Who is the CEO of Millennium Education Foundation Inc?
Druery Devore is the President of Millennium Education Foundation Inc.
Official website here: www.mcademy.com
What is the revenue of Millennium Education Foundation Inc?
Millennium Education Foundation Inc's revenue in 2023 was $7,439,334.
Official website here: www.mcademy.com
Who are the executives of Millennium Education Foundation Inc and what are their salaries?
The average compensation at Millennium Education Foundation Inc during 2023 was $26,897. There are 130 employees and 7 volunteers at Millennium Education Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $158,834
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Official website here: www.mcademy.com
Where can I find the form 990 for Millennium Education Foundation Inc?
Millennium Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mcademy.com
Learn more at the official website: www.mcademy.com
Mission Statement of Millennium Education Foundation Inc
Millennium Education Foundation Inc is a nonprofit organization dedicated to the operation of a North Carolina public charter school. Their mission is centered around providing educational services to students, as evidenced by their operation of a public charter school in Mount Airy, North Carolina. During the fiscal year ending on June 30, 2023, this school served approximately 686 students. The Foundation's work in education is crucial, contributing to the academic growth and development of the young minds it serves.
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Impact
July, 2024
Millennium Education Foundation Inc's impact can be seen through the operation of a North Carolina public charter school in Mount Airy, NC. This school served approximately 686 students for the fiscal year ended 6/30/23. Their mission focused on providing educational opportunities through a public charter school setting, impacting the lives of students in the Mount Airy community. Through their commitment to education, Millennium Education Foundation Inc has played a significant role in shaping the academic and personal growth of the students they serve.
This information is meant to be a general summary of Millennium Education Foundation 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: $36,047
- Program Service Revenue: $274,406
- Gross Receipts: $7,439,334
Assets and Liabilities:
- Total Assets: $7,433,476
- Total Liabilities: $11,577,218
- Net Assets: -$4,143,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL LUNCH REVENUE
Revenue
$104,403
BEFORE AND AFTERS SCHOOL CARE
Revenue
$63,050
EXTRACURRICULAR
Revenue
$61,533
FIELD TRIPS
Revenue
$45,420
Organization Details
Founding Year
2000
Phone
(336) 789-7570Principal Officer
Druery Devore
Main Address
500 OLD SPRINGS ROAD, MOUNT AIRY, NC, 27030
Website
www.mcademy.comNTEE Category
Code: B29 - Education
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