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Marc Academy & Family Center Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133966229 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Marc Academy & Family Center Inc?

Marc Academy & Family Center Inc, located in the Bronx, New York, serves as a sponsoring agency for a Family Child Care Network. This nonprofit is contracted with the Department of Education (DOE) to deliver early care and education services to 434 children, ranging from 2 months to 3 years old. They work in collaboration with 37 duly licensed providers, ensuring children receive up to 10 hours of care daily, five days a week, throughout the year. The mission of Marc Academy & Family Center Inc is to empower children and their families, helping them overcome challenges and reach their full potential, fostering a lifetime of learning and success. Their programs are designed to nurture and invest in both children and families, contributing to their overall growth and development. With a workforce of 47 individuals, Marc Academy & Family Center Inc is dedicated to making a positive impact in the community.


Official website here: www.marcafc.org

Is Marc Academy & Family Center Inc legitimate?

Marc Academy & Family Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marc Academy & Family Center 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.

Here are some key statistics you may want to consider:

Executive Compensation: $393,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.marcafc.org

What is the mission statement of Marc Academy & Family Center Inc?

Marc Academy & Family Center Inc's mission is centered around assisting children in overcoming challenges and reaching their full potential. This is accomplished through programs that foster growth, empower, and invest in both the children and their families, promoting a lifelong journey of learning and success. The organization serves as a sponsoring agency to a Family Child Care Network, providing early care and education to young children, aged 2 months to 3 years, for up to 10 hours a day, five days a week, throughout the year. The Family Child Care Network, contracted with 37 licensed providers, offers these services to families and children.


Official website here: www.marcafc.org

Who is the CEO of Marc Academy & Family Center Inc?

Nadine Spencer is the Chairman (Jan-May 2021) of Marc Academy & Family Center Inc.


Official website here: www.marcafc.org

What is the revenue of Marc Academy & Family Center Inc?

Marc Academy & Family Center Inc's revenue in 2022 was $7,030,286.


Official website here: www.marcafc.org

Who are the executives of Marc Academy & Family Center Inc and what are their salaries?

The average compensation at Marc Academy & Family Center Inc during 2022 was $8,367. There are 47 employees and 35 volunteers at Marc Academy & Family Center Inc.

Here are 8 key members and their salaries:

    Nadine Spencer (Executive Director)
  • Compensation: $123,305
  • Related: $0
  • Other: $0

    • Tai Bolarinwa (Chairman (Jan-May 2021)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory Downes (Chairman (June 21 - Current)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lloyd Dawkins (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Violet Dawkins (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Mclean (Tresurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Higgins (Secretary (June 2021- Current)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Isaac Elegbe (Secretary (January 2021- May 2021)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.marcafc.org

    Where can I find the form 990 for Marc Academy & Family Center Inc?

    The Marc Academy & Family Center Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.marcafc.org

    Learn more at the official website: www.marcafc.org

    Mission Statement of Marc Academy & Family Center Inc

    Marc Academy & Family Center, a nonprofit organization, is dedicated to helping children overcome various challenges and reach their full potential. Through its programs, the center nurtures, empowers, and invests in both the children and their families, fostering a lifelong journey of learning and success. Its mission is to provide a supportive environment where children can grow and thrive, while simultaneously empowering their families to play an active role in their children's development. By offering early care and education services to children as young as two months, and continuing through the age of three, Marc Academy & Family Center seeks to lay a strong foundation for each child's future. The center achieves this by partnering with 37 duly licensed Family Child Care providers, contracted through the Department of Education, to offer up to 10 hours of care per day, five days a week, for the entire year.

    Impact

    This information is meant to be a general summary of Marc Academy & Family Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    MARC Academy & Family Center Inc's impact is profound in the city of Bronx, NY. By providing early care and education services to 434 children from 2 months to 3 years of age, MARC Academy is instrumental in nurturing and empowering children and their families. Through its Family Child Care Network, which includes 37 licensed providers, children receive comprehensive care and educational support on a daily basis, fostering a strong foundation for their future success. MARC Academy's commitment to helping children overcome obstacles and reach their full potential reflects its dedication to lifelong learning and success.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34
  • Program Service Revenue: $72,732
  • Gross Receipts: $7,030,286

    • Assets and Liabilities:
  • Total Assets: $2,930,935
  • Total Liabilities: $1,129,543
  • Net Assets: $1,801,392
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PARENT FEES

    Revenue

    $72,732

    Organization Details

    Founding Year

    1997

    Principal Officer

    Nadine Spencer

    Main Address

    55 E 175th STREET, BRONX, NY, 10453

    NTEE Category

    Code: B99 - Education

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