Overview
What is The Tuition Exchange Inc?
The Tuition Exchange Inc is a national scholarship exchange program that connects participating institutions of higher education. This network allows full-time employees of these institutions to send their children to attend other participating schools tuition-free, with a balance between the number of students sent and received. The main sources of revenue for The Tuition Exchange Inc are membership dues and participation fees. The organization provides various services to its members, such as marketing materials, staff development training, data reporting, comprehensive website resources, and assistance in daily on-campus administration. Additionally, grants are awarded to supplement Tuition Exchange scholarships for high-achieving students who require further financial assistance for non-tuition expenses. The organization's mission is to ensure that various segments of the population gain access to more post-secondary education through the expansion of the Tuition Exchange Scholarship Program.
Official website here: www.tuitionexchange.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Tuition Exchange Inc has received a commendable Four-Star rating from Charity Navigator, indicating a strong overall performance, particularly in accountability and finance. The organization boasts a perfect score in several key areas, such as its fully independent board and the absence of material diversion of assets, which highlights its commitment to transparency and sound governance.
The charity excels with an impressive program expense ratio of 75.50%, demonstrating a focus on effectively utilizing its resources to support its mission. Additionally, all required policies, including whistleblower and conflict of interest policies, are in place and publicly listed, further reinforcing its accountability measures.
While the overall score reflects robust financial health and responsible management practices, details on the organization's specific programs and outcomes are not included in the rating summary. This absence of programmatic insights may limit potential donors' understanding of the direct impact of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is The Tuition Exchange Inc legitimate?
The Tuition Exchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tuition 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: $192,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $281,632
For more financial information, click here
Official website here: www.tuitionexchange.org
What is the mission statement of The Tuition Exchange Inc?
The mission of The Tuition Exchange Inc is focused on ensuring equal access to post-secondary education for various segments of the population. This is achieved through the expansion of the Tuition Exchange Scholarship Program. This program is a national scholarship exchange network for institutions of higher education, where full-time employees of participating institutions can send their children to other participating institutions tuition-free. The program aims to balance exports with an equal number of imports, and each institution sets its own rules for student exchange. The main sources of revenue for The Tuition Exchange Inc are membership dues and participation fees. Additional services provided to full members include marketing materials, staff development training, data reporting, comprehensive website resources, an online application process, and assistance in daily on-campus administration of the Tuition Exchange Program. Grants are also awarded to supplement Tuition Exchange Scholarships for high-achieving students who require additional financial assistance for non-tuition college expenses.
Official website here: www.tuitionexchange.org
What is the revenue of The Tuition Exchange Inc?
The Tuition Exchange Inc's revenue in 2024 was $888,813.
Official website here: www.tuitionexchange.org
Who are the executives of The Tuition Exchange Inc and what are their salaries?
The average compensation at The Tuition Exchange Inc during 2024 was $118,454. There are 4 employees and 11 volunteers at The Tuition Exchange Inc.
Here are 14 key members and their salaries:
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- Compensation: $114,168
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- Other: $25,117
Official website here: www.tuitionexchange.org
Where can I find the form 990 for The Tuition Exchange Inc?
The Tuition Exchange Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tuitionexchange.org
Learn more at the official website: www.tuitionexchange.org
Mission Statement of The Tuition Exchange Inc
The Tuition Exchange Inc, a renowned scholarship exchange program for institutions of higher education, is committed to ensuring that various segments of the population have access to more post-secondary education. Its mission is centered around expanding the Tuition Exchange Scholarship Program, which allows full-time employees of participating institutions to send their children to other participating institutions tuition-free. The program operates on a balance system, with each participating institution agreeing to accept an equal number of students from other institutions. The Tuition Exchange's primary sources of revenue are membership dues and participation fees.
As a full member, an institution gains access to comprehensive benefits such as print marketing materials, staff development training, data reporting, and an online application process. The program also provides email/call center/in-person assistance for the daily campus administration of the Tuition Exchange. To further support its mission, The Tuition Exchange awards grants to supplement Tuition Exchange Scholarships for high-achieving students who require additional financial assistance to cover non-tuition college expenses. In this way, The Tuition Exchange Inc is dedicated to making post-secondary education more accessible to a wider range of individuals, thereby expanding opportunities for academic growth and personal development.
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Impact
July, 2024
The Tuition Exchange Inc expands access to post-secondary education by running a national scholarship exchange program for colleges and universities. This program allows full-time employees of participating institutions to send their students tuition-free to other member colleges. In return, each participating institution agrees to balance exports with an equal number of imports. The Tuition Exchange's activities are funded through membership dues, participation fees, and grants to supplement scholarships for high-achieving students. This organization's impact lies in its role in facilitating greater access to higher education opportunities for individuals from various segments of the population.
This information is meant to be a general summary of The Tuition 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 2024.
- Investment Income: $48,152
- Program Service Revenue: $814,920
- Gross Receipts: $1,176,903
Assets and Liabilities:
- Total Assets: $1,649,013
- Total Liabilities: $234,543
- Net Assets: $1,414,470
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$425,400
PARTICIPATION FEES
Revenue
$351,360
ADMINISTRATIVE FEES
Revenue
$38,160
Organization Details
Founding Year
1954
Principal Officer
Dr Kristin R Tichenor
Website
www.tuitionexchange.orgNTEE Category
Code: B90Z - Education
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