Overview
What is Mid South Independent School Business Officers Inc?
Mid South Independent School Business Officers Inc, based in Marietta, Georgia, serves as a supportive network for over 360 independent schools. Their primary mission is to foster excellence and creative leadership in school business and financial management. They achieve this by establishing channels of communication on relevant business management issues, providing opportunities for professional growth, and encouraging joint procurement of goods and services among member institutions. MISBO's purchasing program offers its members substantial savings through negotiations with approximately 135 vendors, known as consortium partners. Schools can directly purchase from these partners, and MISBO receives a fee from the partners and, in some cases, the schools. This program generates around 40% of the organization's annual revenue. In essence, Mid South Independent School Business Officers Inc connects independent school professionals, delivers value to enhance learning, and acts as a resource for schools to save costs through its purchasing program.
Official website here: www.misbo.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Mid South Independent School Business Officers Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With an overall score derived solely from a perfect accountability and finance score of 96%, the organization demonstrates a commitment to transparency and effective governance. Notably, it boasts 100% independent board members, which enhances its credibility and operational integrity.
The organization excels in various financial metrics, such as a program expense ratio of 80.89%, indicating that a significant portion of its resources is dedicated to mission-related activities. Additionally, it has a low liabilities to assets ratio of 33%, suggesting a solid financial foundation. The presence of comprehensive policies, including conflict of interest and whistleblower policies, further underscores its commitment to ethical practices and fiscal responsibility.
While the data presents a positive picture of Mid South Independent School Business Officers Inc, no specific limitations or weaknesses are noted. This strong performance indicates that the organization is well-managed and effectively uses its resources to support its mission in the educational sector.
This AI summary has been generated from information found on Charity Navigator.
Is Mid South Independent School Business Officers Inc legitimate?
Mid South Independent School Business Officers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid South Independent School Business Officers 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: $291,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $579,756
For more financial information, click here
Official website here: www.misbo.com
What is the mission statement of Mid South Independent School Business Officers Inc?
Mid South Independent School Business Officers Inc, as an organization, has four primary objectives. Firstly, it strives to foster excellence and innovative leadership in the financial and business management of independent schools. Secondly, it aims to facilitate open dialogue regarding significant business management issues pertinent to independent schools. Thirdly, it provides ongoing opportunities for professional interaction and growth by exposing business officers and operational professionals to distinguished business leaders within and beyond the education sector. Lastly, it encourages collective procurement of goods and services among independent schools through the administration of a purchasing consortium, aiming to benefit, develop, and financially enhance member institutions.
Official website here: www.misbo.com
Who is the CEO of Mid South Independent School Business Officers Inc?
Damian Kavanagh is the President & Ceo of Mid South Independent School Business Officers Inc. The CEO's salary of Mid South Independent School Business Officers Inc is $250,067 and their total compensation is $289,261.
Official website here: www.misbo.com
What is the revenue of Mid South Independent School Business Officers Inc?
Mid South Independent School Business Officers Inc's revenue in 2022 was $1,349,792.
Official website here: www.misbo.com
Who are the executives of Mid South Independent School Business Officers Inc and what are their salaries?
The average compensation at Mid South Independent School Business Officers Inc during 2022 was $108,873. There are 8 employees and 60 volunteers at Mid South Independent School Business Officers Inc.
Here are 22 key members and their salaries (Mid South Independent School Business Officers Inc's CEO's salary is $250,067 and their total compensation is $289,261):
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Official website here: www.misbo.com
Where can I find the form 990 for Mid South Independent School Business Officers Inc?
Mid South Independent School Business Officers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.misbo.com
Learn more at the official website: www.misbo.com
Mission Statement of Mid South Independent School Business Officers Inc
Mid South Independent School Business Officers Inc, often referred to as MISBO, is dedicated to fostering excellence and innovative leadership in the financial management of independent schools. One of its primary objectives is to encourage open dialogue among professionals in this field, addressing the unique challenges that independent schools face in business management.
MISBO serves as a platform for business officers and operational professionals to engage, learn, and grow. It provides opportunities for these professionals to interact with distinguished business leaders, both within and outside the education community. This interaction not only broadens their perspectives but also offers valuable insights and best practices.
Furthermore, MISBO promotes collaboration among independent schools by facilitating joint procurement of goods and services through its purchasing consortium. This shared procurement aims to benefit the member institutions financially, developing and improving their operations. By achieving these goals, MISBO enriches the learning experience in independent schools, contributing to their overall success and development.
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Impact
July, 2024
Mid South Independent School Business Officers Inc's impact lies in connecting over 360 member independent schools and providing them with a valuable purchasing program. By facilitating access to discounted contracts with around 135 vendors, known as consortium partners, the organization helps schools save significantly on goods and services. This not only aids in financial efficiency for member institutions but also fosters a sense of collaboration and mutual benefit within the independent school community. Furthermore, by encouraging excellence in business and financial management, promoting professional development, and facilitating joint procurement, Mid South Independent School Business Officers Inc contributes to the overall growth and success of independent schools across the region.
This information is meant to be a general summary of Mid South Independent School Business Officers 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: $31,806
- Program Service Revenue: $1,317,815
- Gross Receipts: $1,349,792
Assets and Liabilities:
- Total Assets: $2,673,622
- Total Liabilities: $927,895
- Net Assets: $1,745,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL FEES
Revenue
$528,325
MISBO MEMBERSHIP DUES
Revenue
$551,298
CONFERENCE REGISTRATION
Revenue
$237,842
WEBINAR FEES
Revenue
$350
Organization Details
Founding Year
1993
Phone
(404) 921-3811Principal Officer
Damian Kavanagh
Main Address
1000 Whitlock Ave Ste 320-337, MARIETTA, GA, 30064
Website
www.misbo.comNTEE Category
Code: Z99Z - Unknown
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