Overview
What is Morelands Alternative Educational Academy Inc?
Morelands Alternative Educational Academy Inc is a nonprofit organization that prioritizes the education of young individuals within its community. Their mission is deeply rooted in providing educational services, aiming to make a significant impact on the lives of local youth. The organization operates with a clear goal to contribute to the community's educational landscape, working diligently to meet the needs of its younger population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
Morelands Alternative Educational Academy Inc has received a One-Star rating from Charity Navigator, reflecting an overall score of 56%. This rating is primarily based on the organization's Accountability & Finance, which is critical for assessing its operational transparency and financial health. While the organization has shown strengths in certain areas, such as having a fully independent board and a good program expense ratio, significant weaknesses impact its overall score.
The organization scored well in aspects like having a conflict of interest policy and documenting board meeting minutes. However, it has notable deficiencies, including the absence of financial statements, a whistleblower policy, and a document retention policy, leading to a low accountability score. Furthermore, the lack of a website listed on its tax form and failure to post its tax form online has contributed to its overall transparency issues.
In terms of financial stability, the high liabilities to assets ratio of 92.01% raises concerns about the organization's financial leverage. While the program expense ratio indicates that 100% of expenses are directed toward its programs, the lack of financial clarity and missing key documentation undermine stakeholder confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Morelands Alternative Educational Academy Inc legitimate?
Morelands Alternative Educational Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morelands Alternative Educational 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,807
For more financial information, click here
What is the mission statement of Morelands Alternative Educational Academy Inc?
Morelands Alternative Educational Academy Inc, as an organization, is committed to serving the educational needs of the youth within the community. Their mission is centered around providing educational services, which they accomplish through various programs. The Academy's primary objective is to contribute positively to the academic development of the young individuals in its jurisdiction. They strive to create an environment that fosters learning and personal growth, ensuring each child has the opportunity to reach their full potential.
Who is the CEO of Morelands Alternative Educational Academy Inc?
Karen Y Moreland is the President of Morelands Alternative Educational Academy Inc.
What is the revenue of Morelands Alternative Educational Academy Inc?
Morelands Alternative Educational Academy Inc's revenue in 2022 was $872,413.
Who are the executives of Morelands Alternative Educational Academy Inc and what are their salaries?
The average compensation at Morelands Alternative Educational Academy Inc during 2022 was $17,446. There are 22 employees at Morelands Alternative Educational Academy Inc.
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
Where can I find the form 990 for Morelands Alternative Educational Academy Inc?
Morelands Alternative Educational Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morelands Alternative Educational Academy Inc
Morelands Alternative Educational Academy, a nonprofit organization, is committed to serving the educational needs of the local youth community. Its mission is centered around providing educational services to this demographic, aiming to contribute positively to their overall development. Through its programs, the academy strives to make a significant impact on the lives of young individuals in the community.
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Impact
July, 2024
Morelands Alternative Educational Academy Inc's impact is significant in providing educational services to the youth in the community of Pompano Beach, FL. Through its programs, the organization is actively working towards fulfilling its mission of offering educational opportunities to young individuals. By focusing on education as a primary goal, Morelands Alternative Educational Academy is contributing positively to the development and growth of students in the community.
This information is meant to be a general summary of Morelands Alternative Educational 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: $870,019
- Gross Receipts: $872,413
Assets and Liabilities:
- Total Assets: $270,761
- Total Liabilities: $406,365
- Net Assets: -$135,604
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$811,613
CLASS WALLET
Revenue
$44,916
OTHER
Revenue
$10,490
CAMP INCOME
Revenue
$3,000
Organization Details
Founding Year
2020
Phone
(754) 307-9274Principal Officer
Karen Y Moreland
Main Address
3171 W ATLANTIC BLVD, POMPANO BEACH, FL, 33069
NTEE Category
Code: B90 - Education
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