NonprofitsMarc Academy & Family Center Inc

Education

Marc Academy & Family Center Inc

BRONX, NY

Total revenue

$9.1M

Total expenses

$9.4M

Net assets

$1.9M

Grants received

$1.1M

1 grants

EIN

133966229

Tax year

2023

Mission

MARC Academy and Family Center helps children overcome obstacles and achieve their full potential, through programs that nurture, empower and invest in both them and their families for a lifetime of learning and success.

Programs

3 programs

Marc academy provides early childhood education services to 232 children, 3 and 4 years of age parents either qualify for head start pursuant to federal standards, are working 25 hours or more weekly, are attending a community college or are enrolled in some form of vocational training program. There are no fees attached to children who have qualified for services under head start standards. The nyc administration for children services (nyc acs) subsidizes participation of those children who have qualified as dual-eligible, or child care. Children enrolled in the program receive 10 hours of services, five days a week, twelve months a year.

Expenses: $3.5M

MARC Academy and Family Center serves as a sponsoring agency to a Family Child Care Network. As a Family Child Care Network, MARC Academy and Family Center inc. contracted by the Administration for Childrens services and funded by NYC Council Discretionary Fund to provide early care and education to up to 155 children from 2 months of age to 3 years of age. Presently, MARC Academys Family Child Care Network has contracted with 22 duly licensed FCC providers to provide services to families and children. Children enrolled in the program receive up to 10 hours of cares daily, five days a week, 12 months a year.

Expenses: $507K

Center based cacfp food program ; upk enhancement program and family child care network (fccn) cacfp food program

Expenses: $205K

Financials

FY 2023

Revenue

Contributions & grants$9.0M
Program service revenue$54K
Investment income
Other revenue$17K
Total revenue$9.1M

Expenses

Grants paid
Salaries & benefits$3.4M
Fundraising
Other expenses$6.0M
Total expenses$9.4M
Total assets$8.5M
Net assets$1.9M

People

7 listed

NameRoleCompensation

NADINE SPENCER

EXECUTIVE DIRECTOR

Board

$130K

40 hrs/wk

GREGORY DOWNES

TREASURER

Board

4 hrs/wk

LLOYD DAWKINS

MEMBER

Board

2 hrs/wk

TAI BOLARINWA

CHAIRMAN

Board

4 hrs/wk

WILLIAM MCLEAN

MEMBER

Board

2 hrs/wk

JULAINE BEDMINSTER

SECRETARY

Board

2 hrs/wk

VIOLET DAWKINS

MEMBER

Board

2 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$1.1M
POVERTY RELIEF
2024

Funded by

$1.1M from 1 funder · 1 grant · 2024

Robin Hood Foundation

$1.1M · 1 grant · 2024

Details

EIN133966229
NTEE codeB99
Subsection03
Ruling date1998-07
Formed1997
Employees47
Volunteers35
MARC ACADEMY & FAMILY CENTER INC — Mission, Financials & Grants Received | Grantivo