Overview
What is Motherlode Adventist Junior Academy Endowment Foundation?
Motherlode Adventist Junior Academy Endowment Foundation is a nonprofit entity situated in Sonora, California, primarily focused on supporting a Seventh-day Adventist elementary or primary school. Its central objective is to establish and manage an endowment fund, with the aim of ensuring the school's long-term financial stability and growth. This foundation serves as a vital resource for the Seventh-day Adventist educational community in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The Motherlode Adventist Junior Academy Endowment Foundation has received a low rating of 50%, indicating concerns regarding its accountability and financial practices. The organization earned a score of 0% for having no independent board members, which raises questions about governance and oversight. While the foundation has demonstrated good financial health in some areas, such as a 95.51% program expense ratio, the absence of key policies and practices contributes to its overall low rating.
Strengths of the organization include a solid program expense ratio, suggesting that most of its resources are directed towards its mission-related activities. However, the lack of independent board members and missing policies for conflict of interest, whistleblowing, and document retention are significant weaknesses. These deficiencies highlight a need for improvement in governance and transparency.
Overall, while the foundation appears to utilize funds effectively for programs, the governance structure and lack of essential policies present important limitations. Addressing these issues could enhance accountability and improve its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Motherlode Adventist Junior Academy Endowment Foundation legitimate?
Motherlode Adventist Junior Academy Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Motherlode Adventist Junior Academy Endowment Foundation 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: $0
For more financial information, click here
What is the mission statement of Motherlode Adventist Junior Academy Endowment Foundation?
The Motherlode Adventist Junior Academy Endowment Foundation serves as an endowment fund for a Seventh-day Adventist school. Their mission is centered around this role, aiming to provide financial support for the educational institution. The foundation does not specify any particular goals beyond this, focusing solely on its role as an endowment fund for the Seventh-day Adventist school.
Who is the CEO of Motherlode Adventist Junior Academy Endowment Foundation?
E Clay Maddox is the Member of Motherlode Adventist Junior Academy Endowment Foundation.
What is the revenue of Motherlode Adventist Junior Academy Endowment Foundation?
Motherlode Adventist Junior Academy Endowment Foundation's revenue in 2023 was $55,337.
Who are the executives of Motherlode Adventist Junior Academy Endowment Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Motherlode Adventist Junior Academy Endowment Foundation?
Motherlode Adventist Junior Academy Endowment Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Motherlode Adventist Junior Academy Endowment Foundation
The Motherlode Adventist Junior Academy Endowment Foundation, as a nonprofit entity, is committed to providing an endowment fund for a Seventh-day Adventist school. In essence, its mission is to secure financial resources for the continued operation and growth of this elementary or primary school, ensuring that it can continue to provide quality education to its students in accordance with the Seventh-day Adventist belief system. The foundation's efforts aim to sustain the school's academic and educational programs, ultimately contributing to the overall development of its pupils.
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Impact
August, 2024
The Motherlode Adventist Junior Academy Endowment Foundation's impact is evident in its support of the long-term financial stability of the Seventh-day Adventist school it serves. By establishing an endowment fund, the foundation ensures that the school will have the resources necessary to continue providing quality education and fulfilling its mission for years to come. This commitment to philanthropy and sustainability helps secure the future of the school and allows it to focus on its core mission of providing a valuable educational experience for students in Sonora, CA.
This information is meant to be a general summary of Motherlode Adventist Junior Academy Endowment Foundation. 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: $45,052
- Gross Receipts: $55,337
Assets and Liabilities:
- Total Assets: $1,129,716
- Total Liabilities: $0
- Net Assets: $1,129,716
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Organization Details
Principal Officer
E Clay Maddox
Main Address
17793 Mountain Ridge Rd, Sonora, CA, 95370
NTEE Category
Code: T20 - Philanthropy
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