Overview
What is Al-Minhaal Academy Colorado?
Al-Minhaal Academy Colorado is a nonprofit educational organization situated in Aurora, Colorado, specifically at 15528 E Hamden Cir, 80013. Their primary source of revenue comes from tuition fees, while additional funds are raised through community donations. The organization's primary mission is to provide elementary school education to underprivileged children in the community. Their operations primarily involve covering expenses related to teachers and teaching contractors, educational materials, software, office supplies, and maintenance costs for their fixed assets. With around 50 employees, the academy is dedicated to providing quality education for those in need.
Official website here: www.alminhaalcolorado.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Al-Minhaal Academy Colorado has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is based entirely on its Accountability & Finance score of 81%, demonstrating the organization’s commitment to transparency and effective management of resources.
The academy excels in several key areas, including having a fully independent board, with all eight members meeting independence criteria. Additionally, it maintains a low liabilities to assets ratio of 0.10%, indicating strong financial stability. The organization also adheres to best practices by having comprehensive policies in place for conflict of interest, whistleblower protections, and document retention.
However, while the overall score reflects a robust setup, the single focus on the Accountability & Finance aspect means that other areas, such as program effectiveness or community impact, are not evaluated within this rating. This could suggest a need for potential donors to seek additional information about the academy's programs and outcomes before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Al-Minhaal Academy Colorado legitimate?
Al-Minhaal Academy Colorado is a legitimate nonprofit organization registered as a 501(c)(3) entity. Al-Minhaal Academy Colorado 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $533,119
For more financial information, click here
Official website here: www.alminhaalcolorado.org
What is the mission statement of Al-Minhaal Academy Colorado?
Al-Minhaal Academy Colorado is a non-profit educational organization dedicated to providing elementary school education to underprivileged children within the community. Their primary source of revenue comes from tuition fees, with additional funds raised through community donations. The majority of their expenses are directed towards teachers' salaries and teaching contractors, educational materials, software, office supplies, and other related costs, including depreciation expenses on their fixed assets. The organization's mission is centered around providing quality education to those who may not otherwise have access to it, aiming to empower these children and contribute positively to their future.
Official website here: www.alminhaalcolorado.org
Who is the CEO of Al-Minhaal Academy Colorado?
Karim Abuzaid is the President of Al-Minhaal Academy Colorado.
Official website here: www.alminhaalcolorado.org
What is the revenue of Al-Minhaal Academy Colorado?
Al-Minhaal Academy Colorado's revenue in 2022 was $1,264,170.
Official website here: www.alminhaalcolorado.org
Who are the executives of Al-Minhaal Academy Colorado and what are their salaries?
The average compensation at Al-Minhaal Academy Colorado during 2022 was $10,662. There are 50 employees at Al-Minhaal Academy Colorado.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.alminhaalcolorado.org
Where can I find the form 990 for Al-Minhaal Academy Colorado?
Al-Minhaal Academy Colorado's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alminhaalcolorado.org
Learn more at the official website: www.alminhaalcolorado.org
Mission Statement of Al-Minhaal Academy Colorado
Al-Minhaal Academy Colorado is a non-profit educational organization that is dedicated to providing elementary school education to underprivileged children in the community. Its mission is centered around providing a high-quality education to those who may not have access to it due to financial constraints. The academy primarily generates revenue through tuition fees, although it also receives donations from the local community. The funds are primarily utilized for the remuneration of teachers and teaching contractors, the procurement of educational materials, software, and office supplies, and for covering additional expenses, including depreciation expenses on the academy's fixed assets. Al-Minhaal Academy Colorado's mission is to empower these children with a strong educational foundation, thereby providing them with the tools they need to overcome their societal challenges and pave their way towards a brighter future.
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Impact
July, 2024
Al-Minhaal Academy Colorado's impact is significant in providing elementary school education to underprivileged children in the community. Through its nonprofit educational organization, the academy plays a crucial role in offering educational opportunities to children who may not have access to quality schooling otherwise. By raising donations from the community and utilizing tuition revenues, Al-Minhaal Academy Colorado is able to cover expenses for teachers, teaching contractors, educational materials, software, office supplies, and other necessary resources. This dedication to providing educational support and opportunities demonstrates the academy's commitment to making a positive impact on the lives of underprivileged children in Aurora, Colorado.
This information is meant to be a general summary of Al-Minhaal Academy Colorado. 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: $866,573
- Gross Receipts: $1,264,170
Assets and Liabilities:
- Total Assets: $3,274,469
- Total Liabilities: $3,399
- Net Assets: $3,271,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$866,573
Organization Details
Founding Year
2019
Phone
(720) 432-9027Principal Officer
Karim Abuzaid
Main Address
15528 E HAMPDEN CIR, AURORA, CO, 80013
Website
www.alminhaalcolorado.orgNTEE Category
Code: B20 - Education
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