Overview
What is Mbc Academy Inc The Mills Academy?
Mbc Academy Inc, also known as The Mills Academy, is a nonprofit institution located in Louisville, Kentucky. Its primary focus is on providing exceptional education to children in grades K-8 who struggle with dyslexia and other learning differences. The school achieves this goal by integrating Kentucky-approved curriculums for subjects such as math, science, and reading, as well as allocating time for occupational therapy and speech therapy. Moreover, the academy places a significant emphasis on reading intervention, creating an environment that fosters their growth and overall success. The academy employs a team of six individuals dedicated to this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (71%) - Needs Improvement
Mbc Academy Inc The Mills Academy has received a two-star rating from Charity Navigator, indicating that the organization is in need of improvement. While it boasts an impressive accountability and finance score of 100%, it has significant gaps in transparency, as evidenced by the absence of financial statements and missing key policies on its website. Despite these shortcomings, the organization does maintain a good program expense ratio of 88.81%, showing a commitment to program expenditures relative to its overall expenses.
The board governance of the organization appears to be strong, with 60% of board members being independent, which is a positive indicator of oversight. Additionally, the organization displays a commitment to ethical conduct with a conflict of interest policy in place. However, the lack of a whistleblower policy and document retention practices raises concerns about its overall governance framework.
While Mbc Academy demonstrates financial stability, as shown by its low liabilities to assets ratio of 17.14%, the missing financial transparency elements may hinder trust among potential donors and stakeholders. Addressing these issues could enhance its operational credibility and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mbc Academy Inc The Mills Academy legitimate?
Mbc Academy Inc The Mills Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mbc Academy Inc The Mills Academy 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mbc Academy Inc The Mills Academy?
Mbc Academy Inc., specifically The Mills Academy, is committed to providing a high-quality education to children in grades K-8 who have dyslexia and other learning differences. Their mission is to create an environment that fosters their growth and success, enabling them to thrive. They achieve this goal by employing Kentucky-approved educational curriculums for subjects such as math, science, and reading. Additionally, the academy provides ample time for occupational therapy and speech therapy sessions. Furthermore, reading intervention holds a significant focus in their educational approach.
Who is the CEO of Mbc Academy Inc The Mills Academy?
Norton T Jones is the President of Mbc Academy Inc The Mills Academy.
What is the revenue of Mbc Academy Inc The Mills Academy?
Mbc Academy Inc The Mills Academy's revenue in 2023 was $652,122.
Who are the executives of Mbc Academy Inc The Mills Academy and what are their salaries?
The average compensation at Mbc Academy Inc The Mills Academy during 2023 was $20,000. There are 6 employees at Mbc Academy Inc The Mills Academy.
Here are 5 key members and their salaries:
- Compensation: $72,000
- Related: $0
- Other: $0
- Compensation: $48,000
- Related: $0
- Other: $0
- 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 Mbc Academy Inc The Mills Academy?
Mbc Academy Inc The Mills Academy's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mbc Academy Inc The Mills Academy
Mbc Academy Inc. The Mills Academy is dedicated to providing a high-quality education to children in grades K-8 who struggle with dyslexia and other learning differences. The academy strives to create an environment that fosters their growth and success, enabling them to thrive. To achieve this, the school employs a combination of approved educational curriculums for subjects such as math, science, and reading. Additionally, Mbc Academy Inc. offers ample time for occupational therapy and speech therapy to address any specific needs. The academy places a strong emphasis on reading intervention, recognizing its significance in overcoming learning challenges. By implementing these strategies, Mbc Academy Inc. The Mills Academy is committed to helping its students overcome their learning difficulties and reach their full potential.
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Impact
July, 2024
Mbc Academy Inc The Mills Academy has a significant impact on children in grades K-8 with dyslexia and other learning differences in Louisville, KY. By providing a quality education tailored to the needs of these students, the academy creates an environment where they can thrive academically and personally. Through a combination of approved educational curriculums, occupational therapy, speech therapy, and a strong focus on reading intervention, the academy equips students with the necessary tools to succeed despite their learning challenges. This targeted approach ultimately helps these children build confidence, academic skills, and a strong foundation for future success.
This information is meant to be a general summary of Mbc Academy Inc The Mills Academy. 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.
- Program Service Revenue: $652,113
- Gross Receipts: $652,122
Assets and Liabilities:
- Total Assets: $49,814
- Total Liabilities: $8,540
- Net Assets: $41,274
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$652,113
Organization Details
Phone
(502) 419-7811Principal Officer
Norton T Jones
Main Address
1311 Herr Lane Suite 205, Louisville, KY, 40222
NTEE Category
Code: B20 - Education
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