Overview
What is Mastery Transcript Consortium?
Mastery Transcript Consortium is a forward-thinking nonprofit organization, headquartered in Winchester, Massachusetts. Their mission is to accelerate and support the implementation of mastery learning at scale within secondary schools globally. By collaborating with innovative public and private schools embracing new learning models, the Consortium develops interactive, digital tools that empower learners to demonstrate the skills they've mastered and enable schools to credential competency-based education. Their work engages and supports a membership community dedicated to transforming the traditional education system. With a modest workforce of 10 individuals, Mastery Transcript Consortium is committed to revolutionizing the way students showcase their achievements and schools validate competency-based education.
Official website here: www.mastery.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
The Mastery Transcript Consortium has received a Two-Star rating from Charity Navigator, indicating an overall score of 67%. While the organization performs well in areas such as governance, with a fully independent board and solid auditing practices, there are significant concerns regarding its financial management. The low scores in fundraising efficiency and working capital ratio suggest that the organization may struggle with financial sustainability.
The strengths of the consortium include its commitment to accountability, as evidenced by its robust conflict of interest policy and systematic documentation of board meeting minutes. However, the lack of a whistleblower policy and deficiencies in document retention practices raise questions about transparency and operational integrity. These issues, alongside the poor performance in critical financial metrics, indicate a need for improvement.
Overall, while the Mastery Transcript Consortium shows promise in governance and program expenditures, its financial health and policies need serious attention. Potential donors and supporters should consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mastery Transcript Consortium legitimate?
Mastery Transcript Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mastery Transcript Consortium 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: $270,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,212,523
For more financial information, click here
Official website here: www.mastery.org
What is the mission statement of Mastery Transcript Consortium?
The Mastery Transcript Consortium was established with the purpose of accelerating and supporting secondary schools in implementing mastery learning on a larger scale. This global consortium, comprising innovative public and private schools adopting new learning models, collaborates to create interactive, digital tools. These tools enable learners to exhibit the skills they have mastered and assist schools in credentialing competency-based education.
Official website here: www.mastery.org
Who is the CEO of Mastery Transcript Consortium?
Michael K Flanagan Jr is the Board Member of Mastery Transcript Consortium. The CEO's salary of Mastery Transcript Consortium is $248,267 and their total compensation is $265,814.
Official website here: www.mastery.org
What is the revenue of Mastery Transcript Consortium?
Mastery Transcript Consortium's revenue in 2022 was $2,392,246.
Official website here: www.mastery.org
Who are the executives of Mastery Transcript Consortium and what are their salaries?
The average compensation at Mastery Transcript Consortium during 2022 was $148,252. There are 10 employees at Mastery Transcript Consortium.
Here are 20 key members and their salaries (Mastery Transcript Consortium's CEO's salary is $248,267 and their total compensation is $265,814):
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Official website here: www.mastery.org
Where can I find the form 990 for Mastery Transcript Consortium?
Mastery Transcript Consortium's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mastery.org
Learn more at the official website: www.mastery.org
Mission Statement of Mastery Transcript Consortium
Mastery Transcript Consortium, a global collaborative of forward-thinking public and private secondary schools, was established with a mission to expedite and bolster the capacity of these institutions to implement mastery learning on a large scale. Comprising innovative schools that are embracing novel educational models, Mastery Transcript Consortium creates interactive, digital resources. These tools serve a dual purpose: they enable learners to demonstrate the competencies they have mastered, and they empower schools to credential competency-based education. In essence, the consortium aims to revolutionize traditional educational assessment methods, focusing on the competencies students acquire rather than the time spent learning.
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Impact
July, 2024
The Mastery Transcript Consortium has made a significant impact by advancing competency-based education and promoting mastery learning on a wider scale. Through its collaborative efforts with innovative schools globally, the Consortium has developed interactive digital tools that empower students to showcase their competencies effectively. By enabling schools to credential competency-based education, the Consortium is shaping the future of education towards a more personalized and holistic approach to learning and assessment.
This information is meant to be a general summary of Mastery Transcript Consortium. 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: $155
- Program Service Revenue: $37,424
- Gross Receipts: $2,392,246
Assets and Liabilities:
- Total Assets: $1,282,555
- Total Liabilities: $756,318
- Net Assets: $526,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING REVENUE
Revenue
$37,424
Organization Details
Founding Year
2017
Phone
(614) 304-2687Principal Officer
Michael K Flanagan Jr
Main Address
PO BOX 485, WINCHESTER, MA, 01890
Website
www.mastery.orgNTEE Category
Code: B90 - Education
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