2024-06-05T22:21:51Z 2023-12-31 990 2023-01-01 852010354 MBEF College & Career Academies Inc MBEF 2402231776 702 Russell Avenue Suite 440 Gaithersburg MD 20877 LaChaundra Graham President & CEO 2402231776 2024-06-05 2023 2023-04-26 12:10:37Z X LaChaundra Graham 702 Russell Avenue Suite 440 Crofton MD 20877 482345 false X www.mbef-cca.org X Non-profit Corporation 2020 MD 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. 5 0 3 0 0 0 482345 0 0 266180 0 266180 482345 0 168000 0 314099 0 0 48808 92782 216808 406881 49372 75464 24482 75463 1017 27810 23465 47653 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. false false 406881 482345 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. 406881 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 1 0 true 3 true false false false false false false false false false false false false false false false X 5 0 false false false false false false false true true false false true true true true true true true true false MD X LaChaundra Graham 2402231776 702 Russell Avenue Suite 440 Gaitherburg MD 20877 Darlene Thomas-Peoples Board Member 1.00 X 0 0 0 LaChaundra Graham President & CEO 40.00 X X X 0 0 0 Tracey Cooper Vice President & Chief Academic Officer 40.00 X X 0 0 0 Skyler Cooper Board Member 8.00 X 0 0 0 Steven Foster Board Member 1.00 X 0 0 0 Shamel Riley Board Member 8.00 X 0 0 0 Crystal Water Board Member 1.00 X 0 0 0 0 0 0 2 true false false 0 482345 0 482345 0 482345 0 0 0 0 0 280500 280500 9234 9234 24365 24365 17414 17414 24390 24390 13034 13034 37944 37944 406881 406881 0 0 21441 53273 22190 3041 0 24482 75463 1017 27810 1017 27810 X 23465 47653 23465 47653 24482 75463 75464 X false false false X 0 0 0 0 35031 266180 54000 482345 837556 0 35031 266180 54000 482345 837556 837556 837556 X 1.00000 0.00000 X X X X X false false false false false false false false false false LaChaundra Graham President & CEO 150500 150500 Tracey Cooper Vice President & CAO 135000 135000 Part I, Line 3 The process for determining the compensation of the following persons at MECCA included a thorough review and approval by independent persons, the use of comparability data, and contemporaneous substantiation of the deliberation and decision: 1. Chief Executive Officer (CEO): o Review and Approval by Independent Persons: The compensation for the CEO was reviewed and approved by the Compensation Committee, which is composed of independent board members who do not have any conflicts of interest. o Comparability Data: The committee used comparability data from similar organizations in the nonprofit sector, including salary surveys and compensation studies, to ensure the CEOs compensation was competitive and reasonable. o Contemporaneous Substantiation: Detailed minutes of the committees deliberations and decisions were recorded contemporaneously, including the data reviewed and the rationale for the final compensation decision. Part VI, Line 11b MECCA has established a comprehensive review process to ensure the accuracy and completeness of Form 990 before its submission. The process involves multiple stages and includes the following steps: 1. Initial Preparation: MECCA's Chief Executive Officer (CEO) gathers all necessary financial data and documentation required for Form 990. This includes income statements, balance sheets, records of grants and allocations, and other relevant financial activities. The team ensures that all information is accurately recorded and categorized. 2. Draft Preparation: A draft of Form 990 is prepared. The draft includes all required schedules and attachments, ensuring compliance with IRS regulations and guidelines. 3. Internal Review: The draft Form 990 undergoes an internal review by CAO and other management team members. They check for accuracy, consistency, and completeness of the information provided. Any discrepancies or areas requiring clarification are addressed promptly. 4. Audit Committee Review: The Audit Committee, composed of members from MECCA's Board of Directors, conducts a thorough review of the draft Form 990. The committee members have a background in finance or nonprofit management, providing an additional layer of oversight. They focus on ensuring that the form accurately reflects MECCA's financial activities and compliance with tax-exempt requirements. 5. Board Approval: After the Audit Committee's review, the final draft of Form 990 is presented to the full Board of Directors for approval. The board reviews the document in detail, discusses any remaining questions or concerns, and votes to approve the form for submission. This step ensures that the leadership is fully informed and in agreement with the reported information. 6. Submission: Upon completion of the final review, Form 990 is signed by the authorized officer and submitted to the IRS. Copies of the submitted form are retained for MECCA's records and made available to the public as required by law. Part VI, Line 12c MECCA regularly and consistently monitors and enforces compliance with its conflict of interest policy through a structured process that includes annual disclosures, periodic reviews, and ongoing training for board members and staff. Each year, all board members and key staff are required to complete a conflict of interest disclosure form, detailing any potential conflicts. These disclosures are reviewed by the Audit Committee to identify and address any issues. Additionally, MECCA provides regular training sessions to ensure that everyone is aware of the policy and understands their obligations. Any potential conflicts identified during the year are promptly evaluated, and appropriate actions are taken to mitigate any risks, ensuring adherence to the highest ethical standards. Part VI, Line 15a Yes, the process for determining the compensation of the following persons at MECCA included a thorough review and approval by independent persons, the use of comparability data, and contemporaneous substantiation of the deliberation and decision: Chief Executive Officer (CEO): o Review and Approval by Independent Persons: The compensation for the CEO was reviewed and approved by the Compensation Committee, which is composed of independent board members who do not have any conflicts of interest. o Comparability Data: The committee used comparability data from similar organizations in the nonprofit sector, including salary surveys and compensation studies, to ensure the CEOs compensation was competitive and reasonable. o Contemporaneous Substantiation: Detailed minutes of the committees deliberations and decisions were recorded contemporaneously, including the data reviewed and the rationale for the final compensation decision. Part VI, Line 15b Yes, the process for determining the compensation of the following persons at MECCA included a thorough review and approval by independent persons, the use of comparability data, and contemporaneous substantiation of the deliberation and decision: Other Key Employees: Review and Approval by Independent Persons: Compensation for other key employees was also reviewed and approved by the Compensation Committee or other independent board members. Comparability Data: The committee relied on comparability data from industry benchmarks and compensation surveys to determine appropriate salary levels for these positions. Contemporaneous Substantiation: The deliberations and decisions regarding compensation were documented in meeting minutes, capturing the discussions and justifications for the compensation levels set. Part VI, Line 19 During the tax year, MECCA made its governing documents, conflict of interest policy, and financial statements available to the public via mail or email. Contact information for such requests was provided on the organization's website ensuring that individuals without internet access could still obtain the information. Part X, Line 2 Line of Credit: Organization has a line of credit with M&T Bank for $50,000 secured by real property. As of the end of the fiscal year, $27,810 has been drawn on this line of credit. The line of credit is used to manage cash flow and is subject to an interest rate of 5% per annum. Our organization experienced unforeseen circumstances that contributed to the delay in filing our Form 990. Specifically, the parents of key personnel experienced serious health issues at the same time that impacted their ability to complete the necessary work for the Form 990 within the designated timeframe. Upon realizing the delay, our organization took immediate steps to address the situation, including applying for an extension to file the return. However, despite these efforts, we were unable to meet the extended deadline due to the above-mentioned circumstances. Our organization takes its tax filing responsibilities seriously, and we are committed to complying with all IRS requirements. We sincerely regret any inconvenience caused by this delay and assure you that we have taken all necessary measures to prevent future occurrences.