Overview
What is Mater Academy Inc?
Mater Academy Inc, a nonprofit organization located in Miami, Florida, operates twenty-six charter schools catering to students from pre-kindergarten through twelfth grade. With approximately 15,287 students enrolled during the fiscal year ending June 30, 2022, the schools function under charters with the District School Board of Miami-Dade County, Florida. Mater Academy's mission is to offer an innovative, rigorous, and seamless college preparatory curriculum that equips students from PK-12th grade with a competitive edge against their peers. Their educational approach aims to foster a thirst for knowledge, kindle critical thinking skills, and serve as a foundation for lifelong learning. The nonprofit employs a total workforce of 1859 individuals.
Official website here: www.materacademy.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Mater Academy Inc has received an 81% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This score is based entirely on its accountability measures, which it appears to handle very well, as indicated by perfect scores in key areas such as board independence and financial oversight. The organization demonstrates a robust structure with a fully independent board and solid financial practices.
In terms of financial health, Mater Academy allocates a significant portion of its budget to program expenses, achieving an impressive program expense ratio of 89.47%. This indicates a strong commitment to its mission and effective use of resources in delivering services. Furthermore, its various policies, such as whistleblower and conflict of interest policies, are well-documented and adhered to, showcasing a commitment to ethical governance.
While the financial compensation for key personnel is notable, with salaries for top executives reaching well over $160,000, this is not uncommon in the nonprofit sector, especially for larger organizations. Overall, Mater Academy Inc appears to maintain a solid operational framework, though potential donors may want to consider the salary levels in relation to the organizational mission and their personal values.
This AI summary has been generated from information found on Charity Navigator.
Is Mater Academy Inc legitimate?
Mater Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mater 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,521,930
For more financial information, click here
Official website here: www.materacademy.com
What is the mission statement of Mater Academy Inc?
Mater Academy Inc is dedicated to providing students with a rigorous and innovative educational experience, preparing them for college and beyond. The mission of Mater Academy is to instill a thirst for knowledge in all areas of learning, foster critical thinking skills, and serve as a foundation for lifelong learning. Mater Schools aim to enrich every student with a sense of purpose, a belief in their own effectiveness, and a commitment to the common good. They strive to create an environment that kindles the art of thinking and nurtures a passion for education. Mater Academy's curriculum is designed to provide students with a competitive advantage, making them well-equipped to succeed in their future endeavors.
Official website here: www.materacademy.com
Who is the CEO of Mater Academy Inc?
Roberto Blanch is the President of Mater Academy Inc.
Official website here: www.materacademy.com
What is the revenue of Mater Academy Inc?
Mater Academy Inc's revenue in 2022 was $163,317,337.
Official website here: www.materacademy.com
Who are the executives of Mater Academy Inc and what are their salaries?
The average compensation at Mater Academy Inc during 2022 was $35,246. There are 1859 employees and 3013 volunteers at Mater Academy Inc.
Here are 36 key members and their salaries:
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- Compensation: $164,490
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- Compensation: $108,750
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- Compensation: $102,706
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- Compensation: $108,645
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- Compensation: $143,780
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- Compensation: $153,616
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- Compensation: $102,523
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- Compensation: $160,763
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- Compensation: $104,707
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- Compensation: $112,085
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- Compensation: $106,975
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- Compensation: $190,771
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- Compensation: $130,783
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- Compensation: $123,647
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- Compensation: $140,000
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- Compensation: $126,405
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- Compensation: $108,606
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- Compensation: $107,687
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- Compensation: $185,493
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- Compensation: $147,800
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Official website here: www.materacademy.com
Where can I find the form 990 for Mater Academy Inc?
Mater Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.materacademy.com
Learn more at the official website: www.materacademy.com
Mission Statement of Mater Academy Inc
Mater Academy Inc, a renowned educational institution, is home to twenty-six charter schools, catering to students from pre-kindergarten to twelfth grade. This nonprofit organization, based in Florida under the District School Board of Miami-Dade County, is committed to providing a top-tier, innovative, and rigorous educational curriculum that sets Mater students apart from their peers.
The vision of Mater Academy Inc is to ignite a passion for learning in every student and equip them with the necessary skills to excel in their academic pursuits. Mater Schools strive to foster a thirst for knowledge across all disciplines, encourage critical thinking, and serve as a launchpad for a lifetime of learning. The organization aims to instill in each student a sense of purpose, a belief in their own potential, and a commitment to the common good. By offering a college preparatory program, Mater Academy Inc provides students with a competitive edge, empowering them to reach their full potential and make a positive impact in their communities.
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Impact
October, 2024
Mater Academy Inc significantly impacts the education landscape in Miami-Dade County, Florida, by operating twenty-six charter schools that cater to students from pre-kindergarten through twelfth grade. With approximately 15,287 students enrolled, the organization has established itself as a vital educational choice within the community.
The mission of Mater Academy is to provide an innovative and rigorous college preparatory curriculum, which not only equips students with academic knowledge but also fosters critical thinking and a lifelong love of learning. By encouraging a thirst for knowledge across disciplines, Mater Academy aims to give its students a competitive advantage, preparing them for future academic and professional endeavors.
Additionally, the organization focuses on holistic student development, aiming to instill a sense of purpose and self-efficacy in its students. Mater Academy’s commitment to nurturing a belief in their own abilities and a dedication to the common good contributes to shaping well-rounded individuals who are ready to contribute positively to society. Overall, Mater Academy Inc plays a crucial role in enhancing educational opportunities and outcomes for students in the region.
This information is meant to be a general summary of Mater 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 2022.
- Investment Income: $187,339
- Program Service Revenue: $12,341,658
- Gross Receipts: $163,317,337
Assets and Liabilities:
- Total Assets: $368,808,248
- Total Liabilities: $265,966,896
- Net Assets: $102,841,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES: INSTRUCTION
Revenue
$4,154,240
FEES: COMMUNITY SERVICE
Revenue
$3,734,273
FEES: VIRTUAL INSTRUCTION DELIVER
Revenue
$2,251,116
FEES: USAGE FEE
Revenue
$1,434,150
FEES: LUNCHES
Revenue
$767,879
Organization Details
Founding Year
1998
Phone
(305) 669-2906Principal Officer
Roberto Blanch
Main Address
6340 SUNSET DRIVE, MIAMI, FL, 33143
Website
www.materacademy.comNTEE Category
Code: B240 - Education
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