Overview
What is Margarita Muniz Academy Foundation Inc?
The Margarita Muniz Academy Foundation Inc, located at 20 Child Street, Jamaica Plain, MA 02130, is a nonprofit organization dedicated to supporting the Margarita Muniz Academy. It fulfills the mission of the academy by providing necessary resources and administers the YOEL CAMAYD-FREIXAS Scholarship Fund. This fund aids students pursuing higher education, furthering educational opportunities for individuals in need. The foundation's work aligns with the academy's purpose and aims to contribute positively to its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
The Margarita Muniz Academy Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance with a score of 84%. The organization demonstrates strong accountability and financial management, particularly highlighted by its independent board composition, which is entirely made up of independent members. Additionally, it has achieved a favorable program expense ratio of 89.77%, suggesting that a significant portion of its resources is directed towards its mission-related activities.
Despite its strengths, there are notable areas for improvement. The foundation lacks several important policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could impact its accountability. Furthermore, the absence of its tax form on the nonprofit's website is also a point of concern, as transparency is a key factor in nonprofit governance.
Overall, while the Margarita Muniz Academy Foundation Inc demonstrates commendable financial health and governance through its independent oversight, it should address its missing policies and transparency issues to enhance its accountability and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Margarita Muniz Academy Foundation Inc legitimate?
Margarita Muniz Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margarita Muniz Academy Foundation 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.
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What is the mission statement of Margarita Muniz Academy Foundation Inc?
The Margarita Muniz Academy Foundation Inc carries out a mission aligned with the Margarita Muniz Academy (MMA). Its primary role is to provide support to MMA and manage the YOEL CAMAYD-FREIXAS College Scholarship Fund. The foundation's purpose is to strengthen MMA and offer financial aid to deserving students pursuing higher education. By doing so, the foundation aims to contribute to the education sector and foster the personal growth of young individuals.
Who is the CEO of Margarita Muniz Academy Foundation Inc?
Janet Phlegar is the President of Margarita Muniz Academy Foundation Inc.
What is the revenue of Margarita Muniz Academy Foundation Inc?
Margarita Muniz Academy Foundation Inc's revenue in 2022 was $493,040.
Who are the executives of Margarita Muniz Academy Foundation Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Margarita Muniz Academy Foundation Inc?
Margarita Muniz Academy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Margarita Muniz Academy Foundation Inc
Margarita Muniz Academy Foundation Inc carries out the purpose of the Margarita Muniz Academy (MMA) by providing support to the academy and administering the YOEL CAMAYD-FREIXAS College Scholarship Fund. The foundation's mission is to ensure the continued success and growth of MMA, while also providing financial aid to deserving students pursuing higher education. By supporting MMA and managing the scholarship fund, Margarita Muniz Academy Foundation Inc is able to contribute to the education and development of future leaders. The foundation's work is critical in ensuring that MMA can continue to provide quality education to its students, and in helping deserving students achieve their academic goals by providing financial assistance through the scholarship fund.
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Impact
July, 2024
Margarita Muniz Academy Foundation Inc's impact lies in providing crucial support to Margarita Muniz Academy (MMA) and administering the Yoel Camayd-Freixas College Scholarship Fund. Through these endeavors, the foundation directly contributes to enhancing educational opportunities and outcomes for students. By supporting MMA and managing the scholarship fund, the foundation helps empower individuals to pursue higher education and achieve their academic goals. This impact is particularly significant in promoting education and academic success within the community.
This information is meant to be a general summary of Margarita Muniz Academy Foundation 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: $149
- Gross Receipts: $493,040
Assets and Liabilities:
- Total Assets: $844,612
- Total Liabilities: $281,936
- Net Assets: $562,676
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Organization Details
Founding Year
2012
Phone
(617) 470-6907Principal Officer
Janet Phlegar
Main Address
20 CHILD STREET, JAMAICA PLAIN, MA, 02130
NTEE Category
Code: B11 - Education
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