Midfield Institute Of Cosmetology

Organization Overview

Midfield Institute Of Cosmetology is located in Midfield, AL. The organization was established in 2009. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2022, Midfield Institute Of Cosmetology employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midfield Institute Of Cosmetology is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Midfield Institute Of Cosmetology generated $426.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $310.6k during the year ending 12/2022. While expenses have increased by 17.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PREPARE STUDENTS TO TAKE AND PASS THE ALABAMA STATE BOARD OF COSMETOLOGY EXAMINATION IN THEIR CHOSEN CURRICULUM AREA WITH A FOCUS ON ENTERPRENEURSHIP AND TEACHING STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PREPARE STUDENTS TO TAKE AND PASS THE ALABAMA STATE BOARD OF COSMETOLOGY EXAMINATION


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Board, Officers & Key Employees

Name (title)Compensation
Anneta Nunn
Secretary
$0
James Williams
Board Member
$0
Luctta Ford
Vice President
$0
Veronica Blanton
Treasurer
$0
Lila Williams
President/executive Director
$0
Kim Mcfarland
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $310,994
All other contributions, gifts, grants, and similar amounts not included above$115,573
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$426,567
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 $426,567

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