Overview
What is Maydm Inc?
Maydm Inc, situated in Madison, Wisconsin, is a dedicated nonprofit organization that specializes in STEM education. Their mission is to empower students, particularly girls and youth of color, in grades 6-12, by equipping them with essential skills, real-world experiences, and valuable connections necessary to excel in STEM careers. This is achieved through an immersive program where students learn advanced programming languages and engineering technologies in the morning, take part in field trips to local STEM companies, and have the opportunity to intern with these companies during the summer. In 2022, Maydm Inc served 478 students, demonstrating its commitment to fostering a diverse workforce in the STEM field. The organization currently employs 21 individuals.
Official website here: www.maydm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Maydm Inc has achieved a commendable score of 94% from Charity Navigator, indicating a strong performance in accountability, finance, leadership, and community engagement. The organization's highest score of 100% in Leadership & Adaptability reflects its robust governance and strategic planning capabilities. Additionally, the charity benefits from a fully independent board, demonstrating a commitment to ethical oversight and decision-making.
In terms of financial health, Maydm Inc maintains a solid Program Expense Ratio of 67.70%, showing that a significant portion of its expenses is directed toward its programs. The organization also scores well in Accountability & Finance, with a notable 93%. This includes excellent practices such as transparent financial statements and strong policies covering conflict of interest and whistleblower protections, ensuring a high level of trust among stakeholders.
Despite its strengths, the organization has room for improvement in its Program Expense Ratio, which, while it is strong, could be optimized further. Overall, Maydm Inc demonstrates a high level of operational integrity and a commitment to its mission, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Maydm Inc legitimate?
Maydm Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maydm 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: $107,058
Professional Fundraising Fees: $0
Other Salaries and Wages: $357,321
For more financial information, click here
Official website here: www.maydm.org
What is the mission statement of Maydm Inc?
Maydm Inc's mission is centered around creating a world where all students, particularly those of color, believe they can pursue careers in STEM. The organization provides the necessary skills, experiences, and connections for students in grades 6-12 to excel in STEM fields. Through their programming, students learn advanced programming languages and engineering technologies in the morning and explore STEM industries through field trips and hands-on experiences in the afternoon. Maydm also offers internship opportunities for students to gain practical experience with local STEM companies. In 2022, Maydm served 478 students.
Official website here: www.maydm.org
Who is the CEO of Maydm Inc?
Christina Outlay is the President of Maydm Inc.
Official website here: www.maydm.org
What is the revenue of Maydm Inc?
Maydm Inc's revenue in 2022 was $749,110.
Official website here: www.maydm.org
Who are the executives of Maydm Inc and what are their salaries?
The average compensation at Maydm Inc during 2022 was $22,113. There are 21 employees and 10 volunteers at Maydm Inc.
Here are 9 key members and their salaries:
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- Compensation: $107,058
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Official website here: www.maydm.org
Where can I find the form 990 for Maydm Inc?
Maydm Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maydm.org
Learn more at the official website: www.maydm.org
Mission Statement of Maydm Inc
Maydm Inc, a nonprofit organization, envisions a world where all students, regardless of their background, understand that a career in STEM is attainable for them. Their mission is to equip girls and youth of color in grades 6-12 with the necessary skills, experiences, and connections to pursue careers in STEM and potentially shape its future. Maydm Inc offers a unique blend of classroom education and real-world experiences. In the morning, students learn advanced programming languages and engineering technologies. Afternoons are dedicated to exploratory activities outside the classroom, visiting local STEM companies and interacting with professionals in the field. Maydm Inc also organizes field trips for students, providing them with the opportunity to meet and collaborate with other innovative young minds. For those who excel in the program, there's an opportunity to intern with local STEM companies during the summer. In 2022, Maydm Inc served 478 students, showcasing its commitment to fostering a diverse and talented future workforce in the STEM field.
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Impact
July, 2024
Maydm Inc is making a tangible impact in the lives of young girls and youth of color in grades 6-12 by providing them with the skills, experiences, and connections needed to pursue careers in STEM fields. Through their STEM programming, students have the opportunity to learn leading programming languages and engineering technologies, participate in hands-on activities, go on field trips to local STEM companies, and even secure internships with these companies. By serving 478 students in 2022 alone, Maydm is actively working towards creating a world where all students, regardless of background, know that a career in STEM is not only possible but also within reach. Through their commitment to empowering and equipping young innovators, Maydm is fostering a more inclusive and diverse future for the STEM industry.
This information is meant to be a general summary of Maydm 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: $1,529
- Program Service Revenue: $52,366
- Gross Receipts: $749,110
Assets and Liabilities:
- Total Assets: $1,117,749
- Total Liabilities: $361,870
- Net Assets: $755,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$52,366
Organization Details
Founding Year
2015
Phone
(608) 819-6616Principal Officer
Christina Outlay
Main Address
203 S PATERSON ST 400, MADISON, WI, 53703
Website
www.maydm.orgNTEE Category
Code: U00 - Science research
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