Magnet Educational Choice Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 650290712 ✦ Miami, FL ✦ Designated as a 501(c)(3)

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Overview

What is Magnet Educational Choice Association Inc?

Magnet Educational Choice Association Inc, located in Miami, Florida, is a nonprofit organization with a singular mission. They aim to foster academic achievement and career readiness by facilitating business-education partnerships, sponsoring special projects, and coordinating fundraising activities that augment learning opportunities. Their primary focus is on supporting schools by implementing specialized programs, with a specific emphasis on the tourism field. The Academy of Hospitality and Travel, an initiative under their auspices, offers career opportunities in tourism while providing a strong, college-preparatory education in traditional academic subjects. With a small team of dedicated individuals, this nonprofit organization strives to create a more enriching learning environment for students.

Is Magnet Educational Choice Association Inc legitimate?

Magnet Educational Choice Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnet Educational Choice Association 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: $18,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Magnet Educational Choice Association Inc?

Magnet Educational Choice Association Inc's mission is centered around supporting academic achievement and career readiness. They achieve this by promoting business-education partnerships, initiating and sponsoring special projects, and orchestrating fundraising activities that enhance learning opportunities. The association is particularly known for implementing specialized programs in schools. One of these programs is the Academy of Hospitality and Travel, which opens up career opportunities in the tourism field while providing a strong, college-preparatory education in traditional academic subjects.

Who is the CEO of Magnet Educational Choice Association Inc?

Debra A Simmons is the Vice President of Magnet Educational Choice Association Inc. The CEO's salary of Magnet Educational Choice Association Inc is $18,977 and their total compensation is $18,977.

What is the revenue of Magnet Educational Choice Association Inc?

Magnet Educational Choice Association Inc's revenue in 2022 was $345,084.

Who are the executives of Magnet Educational Choice Association Inc and what are their salaries?

The average compensation at Magnet Educational Choice Association Inc during 2022 was $18,977. There is 1 employee and 4 volunteers at Magnet Educational Choice Association Inc.


Here are 4 key members and their salaries (Magnet Educational Choice Association Inc's CEO's salary is $18,977 and their total compensation is $18,977):


Sarah Tuskey (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William O Mcauliff (Chief Executive Officer)
  • Compensation: $18,977
  • Related: $0
  • Other: $0
Tere Wong (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judith Stein (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Magnet Educational Choice Association Inc?

Magnet Educational Choice Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Magnet Educational Choice Association Inc

Magnet Educational Choice Association Inc is dedicated to promoting academic achievement and career readiness by fostering collaborations between businesses and educational institutions. This nonprofit organization achieves this mission through various means, including sponsoring special projects, establishing partnerships, and organizing fundraising activities that enhance learning opportunities.

One of the key initiatives undertaken by Magnet Educational Choice Association Inc is the implementation of specialized programs for schools. These programs are designed to open up career opportunities in the tourism field and provide a solid college preparation education in traditional academic subjects. The most notable of these programs is the Academy of Hospitality and Travel, which equips students with the necessary skills for a successful career in tourism while also ensuring they receive a well-rounded education.

In summary, Magnet Educational Choice Association Inc plays a crucial role in fostering collaborations between businesses and educational institutions to enhance learning opportunities and promote academic achievement and career readiness. Through specialized programs like the Academy of Hospitality and Travel, the nonprofit organization equips students with the necessary skills for a successful career in the tourism field, while also providing them with a solid college preparation education in traditional academic subjects.

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Impact




October, 2024

Magnet Educational Choice Association Inc significantly enhances academic achievement and career readiness by fostering essential business and education partnerships. By establishing and sponsoring specialized projects, it directly contributes to innovative learning opportunities for students. The organization's initiatives, such as the Academy of Hospitality and Travel, open up career pathways in the tourism industry while ensuring a rigorous academic foundation.

Through effective fundraising activities, it is able to provide additional resources and support for various educational programs, ultimately enriching the learning experience. The focus on specialized programs for schools allows for tailored educational approaches that meet the diverse needs of students, preparing them not only for college but for successful careers in their chosen fields. Overall, the association plays a vital role in shaping a robust educational landscape that empowers students in Miami and beyond.




This information is meant to be a general summary of Magnet Educational Choice Association 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.

Revenue
$345,084 (2022)
201120122013201420152016201720182019202020212022$0$250k$500k$750k$1M
Expenses
$354,182 (2022)
201120122013201420152016201720182019202020212022$0$200k$400k$600k$800k
Efficiency
2011201220132014201520162017201820192020202120220%2%4%6%8%10%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $162
  • Gross Receipts: $345,084

Assets and Liabilities:

  • Total Assets: $368,718
  • Total Liabilities: $20,496
  • Net Assets: $348,222

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Organization Details

Founding Year

1991

Principal Officer

Debra A Simmons

Main Address

1450 NE 2ND AVENUE STE 352 352, MIAMI, FL, 33132

NTEE Category

Code: B12 - Education

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