Overview
What is Miracle Academy Nursery Center Inc?
Miracle Academy Nursery Center Inc, based in Russellville, South Carolina (PO Box 47), is a nonprofit organization with a primary focus on childcare and education. Serving children from six weeks old to 12th grade, the organization aims to nurture and care for their emotional, social, physical, and spiritual well-being. With a team of 12 dedicated individuals, Miracle Academy's mission is to provide a comprehensive educational experience for children in grades K5 to 12th grade. Notably, the organization does not allocate grants or revenue to other organizations as per the provided information.
Official website here: www.miracleacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Miracle Academy Nursery Center Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 58% overall, primarily due to the absence of independent board members and missing financial documentation, which raises questions about governance and transparency.
Strengths of the organization include a perfect program expense ratio of 100%, suggesting that all funds are being allocated directly towards its mission-related activities. Additionally, the organization has a conflict of interest policy in place and provides minutes from board meetings, which reflects some level of operational governance. However, the lack of independent oversight and essential financial documents deeply undermines its credibility.
The weaknesses highlighted in the rating include missing policies on whistleblowing and document retention, as well as the absence of financial statements on their website. These gaps in accountability could deter potential donors who prioritize transparency and good governance in their charitable contributions. Overall, while the organization's commitment to its program is evident, significant improvements in governance practices are needed to enhance trust and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Miracle Academy Nursery Center Inc legitimate?
Miracle Academy Nursery Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miracle Academy Nursery Center 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: $18,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,691
For more financial information, click here
Official website here: www.miracleacademy.org
What is the mission statement of Miracle Academy Nursery Center Inc?
Miracle Academy Nursery Center Inc's mission is focused on providing education and care for children. They cater to children as young as six weeks old, offering nurturing and educational services, and continue this commitment up to the 12th grade. Their goal is to ensure the overall well-being of these children, encompassing their emotional, social, physical, and spiritual needs. The organization does not allocate grants or revenue to any external organizations.
Official website here: www.miracleacademy.org
Who is the CEO of Miracle Academy Nursery Center Inc?
Teresa S Middleton is the Executive Director of Miracle Academy Nursery Center Inc.
Official website here: www.miracleacademy.org
What is the revenue of Miracle Academy Nursery Center Inc?
Miracle Academy Nursery Center Inc's revenue in 2022 was $822,500.
Official website here: www.miracleacademy.org
Who are the executives of Miracle Academy Nursery Center Inc and what are their salaries?
The average compensation at Miracle Academy Nursery Center Inc during 2022 was $16,287. There are 12 employees at Miracle Academy Nursery Center Inc.
Here are 7 key members and their salaries:
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- Compensation: $18,750
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Official website here: www.miracleacademy.org
Where can I find the form 990 for Miracle Academy Nursery Center Inc?
Miracle Academy Nursery Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.miracleacademy.org
Learn more at the official website: www.miracleacademy.org
Mission Statement of Miracle Academy Nursery Center Inc
Miracle Academy Nursery Center Inc is committed to providing education and nurturing care for children from as young as six weeks old up until they complete the 12th grade. Their mission is twofold; on one hand, they aim to educate children enrolled in grades K5 to 12th grade. On the other hand, they are dedicated to caring for and nurturing the emotional, social, physical, and spiritual well-being of children from the preschool age. Their ultimate goal is to equip these children with the necessary tools to thrive and grow into well-rounded individuals. It is worth noting that Miracle Academy does not allocate any grants or revenue to other organizations.
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Impact
July, 2024
Miracle Academy Nursery Center Inc's impact lies in providing high-quality childcare and education to children ranging from six weeks old all the way through 12th grade. Through their programs, they aim to nurture and care for children while also offering a comprehensive educational experience. By focusing on a child's emotional, social, physical, and spiritual well-being, Miracle Academy is making a significant contribution to the development of young minds in RUSSELLVILLE, SC.
This information is meant to be a general summary of Miracle Academy Nursery Center 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: $2,500
- Program Service Revenue: $820,000
- Gross Receipts: $822,500
Assets and Liabilities:
- Total Assets: $1,155,225
- Total Liabilities: $0
- Net Assets: $1,155,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$720,000
State Pandemic Grant
Revenue
$100,000
Organization Details
Founding Year
1996
Phone
(843) 567-4644Principal Officer
Teresa S Middleton
Main Address
PO BOX 47, RUSSELLVILLE, SC, 29476
Website
www.miracleacademy.orgNTEE Category
Code: B20 - Education
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