Overview
What is Mel's Academy Inc?
Mel's Academy Inc, situated in Indianapolis, Indiana, is a dedicated nonprofit organization with a mission to excel in education and foster a deep sense of love and care for children from infancy to five years old. The institution prides itself on maintaining a diverse and nurturing learning environment, ensuring positivity and growth for each child. With a team of 16 dedicated individuals, Mel's Academy Inc is committed to delivering excellence in early childhood education. The organization does not provide specifics on its activities or initiatives beyond its core focus on education and care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Mel's Academy Inc has received a two-star rating from Charity Navigator, indicating that the organization has room for improvement. With an overall score of 68%, it showcases strong governance features, including a fully independent board and effective asset management. Notably, the organization excels with a program expense ratio of 100%, suggesting that all its expenses are directed towards its programs.
However, significant weaknesses are evident in its accountability and transparency practices. The lack of key policies, such as a conflict of interest, whistleblower, and document retention policies, raises concerns about the organization's governance framework. Additionally, the absence of its website on tax forms and failure to post its tax form on its site further detracts from its overall accountability.
These factors highlight the need for Mel's Academy Inc to enhance its transparency practices and implement necessary policies to strengthen its governance. Addressing these limitations can help improve its rating and build greater trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mel's Academy Inc legitimate?
Mel's Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mel's 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: $75,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,630
For more financial information, click here
What is the mission statement of Mel's Academy Inc?
Mel's Academy Inc is committed to excelling in education and fostering a deep love for others. Their mission is to create a nurturing, diverse learning environment for children from infancy to five years old. By prioritizing positivity, care, and affection, the academy aims to help these young learners thrive academically and personally. The institution is dedicated to ensuring success in all its endeavors, while maintaining an environment that encourages growth and development.
Who is the CEO of Mel's Academy Inc?
Melony D Moore is the President/Ceo of Mel's Academy Inc. The CEO's salary of Mel's Academy Inc is $17,646 and their total compensation is $17,646.
What is the revenue of Mel's Academy Inc?
Mel's Academy Inc's revenue in 2022 was $494,283.
Who are the executives of Mel's Academy Inc and what are their salaries?
The average compensation at Mel's Academy Inc during 2022 was $13,978. There are 16 employees at Mel's Academy Inc.
Here are 16 key members and their salaries (Mel's Academy Inc's CEO's salary is $17,646 and their total compensation is $17,646):
- Compensation: $17,646
- Related: $0
- Other: $0
- Compensation: $28,602
- Related: $0
- Other: $0
- Compensation: $12,003
- Related: $0
- Other: $0
- Compensation: $1,847
- Related: $0
- Other: $0
- Compensation: $21,051
- Related: $0
- Other: $0
- Compensation: $1,353
- Related: $0
- Other: $0
- Compensation: $39,144
- Related: $0
- Other: $0
- Compensation: $57,374
- Related: $0
- Other: $0
- Compensation: $1,314
- Related: $0
- Other: $0
- Compensation: $1,915
- Related: $0
- Other: $0
- Compensation: $10,185
- Related: $0
- Other: $0
- Compensation: $9,001
- Related: $0
- Other: $0
- Compensation: $8,874
- Related: $0
- Other: $0
- Compensation: $825
- Related: $0
- Other: $0
- Compensation: $11,717
- Related: $0
- Other: $0
- Compensation: $799
- Related: $0
- Other: $0
Where can I find the form 990 for Mel's Academy Inc?
Mel's Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mel's Academy Inc
Mel's Academy Inc, a dedicated institution, is committed to achieving excellence in education while fostering a deep love for others. The organization strives to create a nurturing, positive, diverse learning environment for children ranging from infancy to five years of age. Their mission is multifaceted, encompassing not only the pursuit of academic excellence but also the cultivation of love and care among the young learners. They are dedicated to ensuring success in all areas of life for their students, all while maintaining an environment that is both loving and caring.
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Impact
July, 2024
Mel's Academy Inc has a profound impact on the youth development in Indianapolis. By dedicating themselves to mastering excellence in education and fostering a love for others, they create a positive, loving, and caring environment for children aged infants to 5 years old. Their commitment to success in all aspects of their work ensures that children in their care receive the best possible start in their educational journey. This focus on diversity and compassion enriches the lives of both the children and the community as a whole.
This information is meant to be a general summary of Mel's 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 2022.
- Program Service Revenue: $304,301
- Gross Receipts: $494,283
Assets and Liabilities:
- Total Assets: $203,215
- Total Liabilities: $114,131
- Net Assets: $89,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE OF INDIANA
Revenue
$210,956
CASH PAYING PARENTS
Revenue
$93,345
Organization Details
Founding Year
2017
Phone
(317) 371-9659Principal Officer
Melony D Moore
Main Address
186 SOUTH POST ROAD, INDIANAPOLIS, IN, 46219
NTEE Category
Code: O50 - Youth development
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