Overview
What is Academy Management & Hospitality Services Group Inc?
Academy Management & Hospitality Services Group Inc is a nonprofit organization based in Medford, Massachusetts, specifically at 2520 Mystic Valley Parkway. Their primary mission is to cater to the housing and food service needs of students from Matignon High School in Cambridge, Massachusetts. This involves providing essential accommodations and nourishment for these students, ensuring their well-being during their activities. The organization's activities are centered around supporting the educational experience of these students, making a significant contribution to their overall development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Academy Management & Hospitality Services Group Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The overall score of 65% reflects some strengths, particularly in governance, with a fully independent board and well-documented meeting minutes. The organization has also demonstrated a strong commitment to its program expenses, with a 100% program expense ratio.
Despite these positive aspects, the organization faces significant challenges in financial health, as evidenced by a liabilities to assets ratio of 164.36%, which raises concerns about its sustainability. Additionally, the absence of a whistleblower policy and a document retention and destruction policy indicates potential gaps in its operational transparency and accountability practices. Furthermore, the lack of publicly available tax documents may hinder trust among potential donors and stakeholders.
Overall, while the Academy Management & Hospitality Services Group Inc shows promise in governance and program execution, it must address its financial stability and transparency issues to bolster its standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Academy Management & Hospitality Services Group Inc legitimate?
Academy Management & Hospitality Services Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy Management & Hospitality Services Group 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: $0
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What is the mission statement of Academy Management & Hospitality Services Group Inc?
Academy Management & Hospitality Services Group Inc's mission is centered around providing essential services to students. Specifically, their primary objective is to offer housing and food services to the students of Matignon High School located in Cambridge, MA. Beyond this, they also provide transportation for a youth hockey team associated with the school. The company's role is to ensure the comfort and well-being of these students, providing them with a secure living space and nourishing meals.
Who is the CEO of Academy Management & Hospitality Services Group Inc?
Nate Bostic is the Chairman & President of Academy Management & Hospitality Services Group Inc.
What is the revenue of Academy Management & Hospitality Services Group Inc?
Academy Management & Hospitality Services Group Inc's revenue in 2022 was $931,279.
Who are the executives of Academy Management & Hospitality Services Group Inc and what are their salaries?
There 6 volunteers at Academy Management & Hospitality Services Group Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Academy Management & Hospitality Services Group Inc?
Academy Management & Hospitality Services Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Academy Management & Hospitality Services Group Inc
Academy Management & Hospitality Services Group Inc, as its mission states, is dedicated to providing essential services to students of Matignon High School of Cambridge, Massachusetts. Specifically, this organization focuses on offering housing, food service, and transportation, ensuring the students have a comfortable living environment and nutritious meals. It is worth noting that this group also supports a youth hockey team associated with the school, further underscoring its commitment to the well-being and needs of its students.
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Impact
July, 2024
Academy Management & Hospitality Services Group Inc's impact lies in providing housing and food services to students of Matignon High School in Cambridge, MA. They also extend these services to a youth hockey team, offering housing, food service, and transportation. By ensuring these essential needs are met, the organization contributes to the well-being and comfort of these individuals, allowing them to focus on their education and sports activities. The group's dedication to offering support in housing and food services plays a crucial role in enhancing the overall experience and success of the students and athletes they serve.
This information is meant to be a general summary of Academy Management & Hospitality Services Group 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: $931,279
- Gross Receipts: $931,279
Assets and Liabilities:
- Total Assets: $487,536
- Total Liabilities: $729,379
- Net Assets: -$241,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM & BOARD
Revenue
$931,279
Organization Details
Founding Year
2020
Phone
(617) 776-5800Principal Officer
Nate Bostic
Main Address
2520 MYSTIC VALLEY PARKWAY, MEDFORD, MA, 02155
NTEE Category
Code: L40 - Housing
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