Overview
What is Black Male Working Academy Inc?
Black Male Working Academy Inc, also known as BMW Academy Inc, is a nonprofit organization situated in Lexington, Kentucky. Their primary mission is to assist African American males in becoming college and career ready, providing support during their advanced and AP classes. They achieve this by offering ACT and SAT prep classes. Furthermore, the organization annually takes young men on educational trips, both within the United States and internationally, aiming to broaden their horizons and enrich their experiences. Black Male Working Academy Inc also conducts educational and cultural trips, utilizing travel as an educational tool to open new opportunities. Every other year, these trips extend beyond the U.S., allowing scholars to explore different cultures and learn from diverse backgrounds. The organization operates with a team of 4 dedicated individuals.
Official website here: www.bmwacademyky.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (71%)
Black Male Working Academy Inc has received a two-star rating from Charity Navigator, indicating that the organization has areas that require improvement. The overall score of 71% reflects strengths in program expense efficiency, with a high program expense ratio of 92.95%, suggesting that a significant portion of its funds is directed towards its programs. The organization also has a fully independent board, which is a positive governance aspect, indicating strong oversight.
However, there are notable weaknesses in the organization's accountability and finance practices. While it boasts a high Culture & Community score of 89, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, the tax form is not publicly posted on the nonprofit's website, which raises transparency concerns for potential donors and stakeholders.
Overall, while Black Male Working Academy Inc demonstrates a commitment to its mission through effective program spending and independent governance, it faces significant challenges in financial accountability and policy implementation. Improvements in these areas could enhance its rating and overall effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Black Male Working Academy Inc legitimate?
Black Male Working Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Male Working 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: $18,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,100
For more financial information, click here
Official website here: www.bmwacademyky.org
What is the mission statement of Black Male Working Academy Inc?
The Black Male Working Academy Inc's mission is centered around supporting African American males as they navigate advanced and AP classes, with the ultimate goal of preparing them for college and career readiness. They offer ACT and SAT preparation classes and annually take young men on educational trips, both domestically and internationally, to broaden their horizons and expose them to new opportunities. Travel serves as an educational tool, providing enriching experiences that enhance their scholarly journey. The organization conducts college tours within various states and takes cultural trips abroad every other year, covering expenses such as travel, accommodation, meals, and museum entrance fees for the scholars.
Official website here: www.bmwacademyky.org
Who is the CEO of Black Male Working Academy Inc?
Felicia Chism is the Executive Director of Black Male Working Academy Inc.
Official website here: www.bmwacademyky.org
What is the revenue of Black Male Working Academy Inc?
Black Male Working Academy Inc's revenue in 2023 was $585,776.
Official website here: www.bmwacademyky.org
Who are the executives of Black Male Working Academy Inc and what are their salaries?
The average compensation at Black Male Working Academy Inc during 2023 was $7,525. There are 4 employees at Black Male Working Academy Inc.
Here are 8 key members and their salaries:
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $5,900
- Related: $0
- Other: $0
- Compensation: $5,900
- Related: $0
- Other: $0
- Compensation: $4,900
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bmwacademyky.org
Where can I find the form 990 for Black Male Working Academy Inc?
Black Male Working Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bmwacademyky.org
Learn more at the official website: www.bmwacademyky.org
Mission Statement of Black Male Working Academy Inc
Black Male Working Academy, a nonprofit organization, is dedicated to supporting African American males as they pursue advanced and AP classes. The primary aim is to help these young men become college and career ready. To achieve this, the academy offers ACT and SAT preparation classes. Furthermore, Black Male Working Academy provides annual educational trips, both domestically and internationally, to broaden the horizons of its scholars.
Travel is an instrumental tool for learning, opening doors to new opportunities. Through educational trips, Black Male Working Academy has taken young men on college tours within Kentucky and various surrounding states. These visits to educational institutions cater to the diverse age groups within the academy. Every other year, the academy organizes cultural trips abroad to enhance the scholars' experiences. The expenses for these trips typically cover travel, accommodation, meals, and entrance fees to museums. By providing these opportunities, Black Male Working Academy aims to equip its scholars with the necessary tools for success in higher education and beyond.
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Impact
July, 2024
Black Male Working Academy Inc's impact lies in empowering African American males to excel academically and prepare for college and careers. By providing support in taking advanced and AP classes, offering ACT and SAT prep classes, and organizing educational and cultural trips, the organization helps these young men broaden their horizons and gain valuable experiences. Through initiatives such as college tours within Kentucky and neighboring states, as well as international cultural trips, the academy enriches the scholars' education and fosters personal growth. Expanding their perspectives through travel, educational visits, and exposure to different cultures, Black Male Working Academy Inc equips its participants with the tools and opportunities needed to succeed in their academic and professional endeavors.
This information is meant to be a general summary of Black Male Working 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 2023.
- Investment Income: $501
- Program Service Revenue: $493,485
- Gross Receipts: $591,167
Assets and Liabilities:
- Total Assets: $120,781
- Total Liabilities: $3,309
- Net Assets: $117,472
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL TRIPS
Revenue
$479,235
EDUCATIONAL EVENTS
Revenue
$14,250
BEAUTILLION
Organization Details
Founding Year
2016
Principal Officer
Felicia Chism
Main Address
3016 BRACKTOWN ROAD, LEXINGTON, KY, 40515
Website
www.bmwacademyky.orgNTEE Category
Code: B20 - Education
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