Overview
What is The Education Exchange Inc?
The Education Exchange Inc, situated in Wakefield, Rhode Island, is a nonprofit organization with a dedicated workforce of 15 individuals. Their primary mission is to offer fundamental educational opportunities and job training to adults residing in Southern Rhode Island. By providing these essential services, they aim to enhance the livelihoods and prospects of the local community. Their activities are centered around fostering learning and skill development, thereby empowering adults in their region.
Official website here: www.edexri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Education Exchange Inc has achieved a high rating of 96% from Charity Navigator, indicating strong performance in accountability and finance. This rating reflects the organization's commitment to transparency and responsible financial management, which is essential for donor trust and engagement. The charity maintains a fully independent board, and its financial statements are thoroughly reviewed, contributing to its credibility.
Strengths include a program expense ratio of 85.47%, showcasing that a significant portion of its budget is directed toward its programs rather than administrative costs. Additionally, the organization has established comprehensive policies regarding conflicts of interest and whistleblower protections, further enhancing its operational integrity. These elements demonstrate a robust governance framework that prioritizes ethical standards and accountability.
While the data highlights many strengths, continuous monitoring and improvements in areas such as expanding outreach or enhancing program effectiveness may be beneficial for maintaining and elevating its impact. Overall, The Education Exchange Inc appears to be making commendable efforts in fulfilling its mission while upholding high standards of financial and operational accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Education Exchange Inc legitimate?
The Education Exchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Education Exchange Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $85,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $301,141
For more financial information, click here
Official website here: www.edexri.org
What is the mission statement of The Education Exchange Inc?
The Education Exchange Inc, as an organization, is dedicated to providing essential education and job training opportunities to adults residing in Southern Rhode Island. Their mission is to empower these individuals by equipping them with the necessary skills to enhance their professional lives. Through their initiatives, they aim to bridge the gap in education and employment, thereby contributing to the overall development of the community. The provision of educational resources and vocational training is at the heart of their activities, aiming to uplift and empower adults in need.
Official website here: www.edexri.org
Who is the CEO of The Education Exchange Inc?
Jason Colonies is the Director of The Education Exchange Inc.
Official website here: www.edexri.org
What is the revenue of The Education Exchange Inc?
The Education Exchange Inc's revenue in 2023 was $871,777.
Official website here: www.edexri.org
Who are the executives of The Education Exchange Inc and what are their salaries?
The average compensation at The Education Exchange Inc during 2023 was $25,761. There are 15 employees and 19 volunteers at The Education Exchange Inc.
Here are 5 key members and their salaries:
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- Compensation: $85,280
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- Other: $0
Official website here: www.edexri.org
Where can I find the form 990 for The Education Exchange Inc?
The Education Exchange Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.edexri.org
Learn more at the official website: www.edexri.org
Mission Statement of The Education Exchange Inc
The Education Exchange Inc, a nonprofit organization, is dedicated to providing fundamental education and job training opportunities for adults residing in Southern Rhode Island. Their mission is geared towards equipping these individuals with the necessary skills to enhance their livelihoods and contribute positively to their communities. Through their educational programs, they aim to bridge the gap in knowledge and provide adults with the tools they need to secure employment and improve their quality of life. The organization's activities are centered around offering basic educational opportunities, thereby empowering adults in Southern Rhode Island.
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Impact
July, 2024
The Education Exchange Inc provides basic education and job training to adults in Southern Rhode Island. Through its mission, the organization aims to equip adults with the skills and knowledge necessary to succeed in the workforce. By offering educational opportunities to individuals in this region, The Education Exchange Inc plays a crucial role in empowering adults to improve their employability and economic prospects. Its impact is felt directly by the individuals who benefit from its programs, helping them enhance their abilities and transition to more fulfilling careers.
This information is meant to be a general summary of The Education Exchange Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $14,303
- Gross Receipts: $871,777
Assets and Liabilities:
- Total Assets: $255,354
- Total Liabilities: $9,025
- Net Assets: $246,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$14,303
Organization Details
Founding Year
1978
Phone
(401) 783-0293Principal Officer
Jason Colonies
Main Address
33 NORTH ROAD C-1, WAKEFIELD, RI, 02879
Website
www.edexri.orgNTEE Category
Code: B90 - Education
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