Mobile Area Education Foundation Inc

Nonprofit profile at a glance

EIN
582005291
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Mobile, AL, USA
Phone
2514760002
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$6,185,985
Expenses
$5,880,884
Assets
$1,775,669
Liabilities
$1,160,502

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Dr Jeremiah Newell (CEO)

People named in this filing

  • Lissa Watkins (Director)
  • Contina Woods (Director)
  • Jordan Jones (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Develop a coalition of citizens, public officials and other interested parties to formulate and implement plans for improving education in Mobile County.

What it reported doing in 2024

SWAPTE Program - The Organization through its Graduate Ready Career Development Program, in partnering with MAEF Public Charter Schools, Inc., will provide career development services and paid internships to WIOA eligible students enrolled at ACCEL Day and Evening Academy (ACCEL). ACCEL is Alabamas first public charter high school serving students who are on-track to graduation, have dropped out or considering dropping out because they are behind or because they have adult responsibilities that make attending school in the daytime difficult. Career development and planning will lead to paid internships that provide students work-based experiences for eight hours per week over 10 weeks. Students will be provided intensive internship preparation services including career exploration and workplace skills training before and during the internship experience. Students will be placed in internships based upon their career interests.

Operating model

Revenue model
Grant-funded. 68% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 89.9%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.9%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.65; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 47.2% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 46.5% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 29.5% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 89.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
  • Programs: 14 filed program accomplishments · $5.3M in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.