Mbef College & Career Academies
- Assets
- $75.5k
- Revenue
- $482.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Gaithersburg, MD
- Founding
- Data as of
- 12/2023
- EIN
- 85-2010354
Organization Overview
Mbef College & Career Academies is located in Gaithersburg, MD. As of 12/2023, Mbef College & Career Academies employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mbef College & Career Academies is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MBEF COLLEGE & CAREER ACADEMIES IS COMMITTED TO DELIVERING TRANSFORMATIVE EDUCATIONAL OPPORTUNITIES THAT ENABLE STUDENTS TO REACH THEIR FULL POTENTIAL. OUR MISSION IS TO CULTIVATE ACADEMIC EXCELLENCE, CAREER READINESS, AND LIFELONG LEARNING BY PROVIDING INNOVATIVE PROGRAMS AND PERSONALIZED SUPPORT TAILORED TO THE DIVERSE NEEDS OF OUR STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MBEF COLLEGE & CAREER ACADEMIES IS AN EDUCATION SERVICES DESIGN FIRM DEDICATED TO PROVIDING TRANSFORMATIVE EDUCATIONAL OPPORTUNITIES THAT ENABLE STUDENTS TO REACH THEIR FULL POTENTIAL. OUR MISSION IS TO FOSTER ACADEMIC EXCELLENCE, CAREER READINESS, AND LIFELONG LEARNING THROUGH INNOVATIVE PROGRAMS AND PERSONALIZED SUPPORT. WE OFFER COMPREHENSIVE COLLEGE PREPARATION PROGRAMS, CAREER READINESS INITIATIVES, AND PRIORITIZE STEAM+B (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, MATHEMATICS, AND BUSINESS) EDUCATION. OUR ACTIVITIES INCLUDE HANDS-ON LEARNING EXPERIENCES, ROBOTICS CLUBS, CODING WORKSHOPS, AND COMMUNITY PARTNERSHIPS. ADDITIONALLY, WE EMPHASIZE COMMUNITY ENGAGEMENT THROUGH SERVICE-LEARNING PROJECTS AND PROVIDE PERSONALIZED SUPPORT SERVICES SUCH AS ACADEMIC TUTORING, MENTAL HEALTH COUNSELING, AND MENTORSHIP. THROUGH THESE INITIATIVES, WE STRIVE TO CREATE A SUPPORTIVE AND INCLUSIVE EDUCATIONAL ENVIRONMENT THAT PREPARES STUDENTS FOR SUCCESS IN COLLEGE, THEIR CAREERS, AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Thomas-Peoples Board Member | Trustee | 1 | $0 |
Lachaundra Graham President & CEO | Officer | 40 | $0 |
Tracey Cooper Vice President & Chief Academic Officer | Officer | 40 | $0 |
Skyler Cooper Board Member | Trustee | 8 | $0 |
Steven Foster Board Member | Trustee | 1 | $0 |
Shamel Riley Board Member | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $482,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $482,345 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $280,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,234 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,414 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,390 |
| Travel | $13,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $37,944 |
| Total functional expenses | $406,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,273 |
| Savings and temporary cash investments | $22,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,463 |
| Accounts payable and accrued expenses | $27,810 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,810 |
| Net assets without donor restrictions | $47,653 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,463 |