Overview
What is The Boston Consortium For Higher Education Inc?
The Boston Consortium for Higher Education Inc, located in Auburndale, Massachusetts, is a forward-thinking nonprofit organization dedicated to enhancing the operational efficiency and effectiveness of higher education institutions. By collecting data to identify best practices, they aim to streamline processes, making them more time-efficient and cost-effective. Through collaborative projects, the consortium seeks to consolidate efforts among its member schools, thus increasing choices and lowering costs. Additionally, the consortium serves as a platform for skill development for college operational administrators and fosters collaborative efforts to reduce operational expenses. Their ultimate goal is to empower member institutions to thrive in a dynamic environment, improving their financial and operational performance and the quality of their offerings.
Official website here: www.boston-consortium.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Boston Consortium for Higher Education Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored highly in all evaluated metrics, particularly in having a fully independent board and effective financial oversight, indicating robust governance practices.
A notable strength is the organization’s low liabilities to assets ratio, which suggests a solid financial foundation. Additionally, the fundraising efficiency ratio indicates no fundraising costs, maximizing the funds available for programmatic efforts. However, while the program expense ratio is commendable, there is some room for improvement, as it reflects that not all funds are directed toward programs.
Overall, the Boston Consortium demonstrates a commitment to transparency and effective financial management. Stakeholders can feel confident that their contributions are being utilized responsibly, although continued focus on enhancing program spending could further bolster the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Boston Consortium For Higher Education Inc legitimate?
The Boston Consortium For Higher Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Boston Consortium For Higher Education 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: $618,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $587,453
For more financial information, click here
Official website here: www.boston-consortium.org
What is the mission statement of The Boston Consortium For Higher Education Inc?
The Boston Consortium for Higher Education Inc's mission is to empower its member institutions to thrive in a dynamic and challenging environment. They achieve this by offering innovative programs, initiatives, and thought leadership. These resources help members improve their financial and operational performance, as well as the quality of their offerings.
To achieve its goals, the consortium collects data to identify effective practices and set future benchmarks for operating standards. By doing so, they aim to make processes less time-consuming, more efficient, and less expensive. The consortium also anticipates collaborative projects, identifying areas where multiple members can consolidate their efforts and create economies. This leveraged scale increases choice and lowers costs for the involved schools. Additionally, the consortium may facilitate the formation of wholly-owned entities, such as joint ventures, partnerships, or alliances, to provide services at lower costs and improve overall efficiency.
Official website here: www.boston-consortium.org
Who is the CEO of The Boston Consortium For Higher Education Inc?
Katherine Kennedy is the Executive Di of The Boston Consortium For Higher Education Inc.
Official website here: www.boston-consortium.org
What is the revenue of The Boston Consortium For Higher Education Inc?
The Boston Consortium For Higher Education Inc's revenue in 2022 was $1,913,833.
Official website here: www.boston-consortium.org
Who are the executives of The Boston Consortium For Higher Education Inc and what are their salaries?
The average compensation at The Boston Consortium For Higher Education Inc during 2022 was $92,749. There are 13 employees and 20 volunteers at The Boston Consortium For Higher Education Inc.
Here are 36 key members and their salaries:
- Compensation: $236,347
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- Other: $32,743
- Compensation: $184,374
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- Other: $19,082
- Compensation: $166,426
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Official website here: www.boston-consortium.org
Where can I find the form 990 for The Boston Consortium For Higher Education Inc?
The Boston Consortium For Higher Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boston-consortium.org
Learn more at the official website: www.boston-consortium.org
Mission Statement of The Boston Consortium For Higher Education Inc
The Boston Consortium for Higher Education Inc, a nonprofit organization, is committed to enhancing the professional skills of operational administrators in various higher education institutions. Its primary mission is to serve as a platform for collaborative efforts, aiming to reduce operational costs and improve efficiency. By collecting data and employing best practices, the consortium aims to identify areas where member institutions can collaborate, thereby creating economies of scale and offering more choices at lower costs. It is also conceivable that several schools, working together through the consortium, may form wholly-owned entities to provide services at a lower cost, taking the form of joint ventures, partnerships, or alliances with other organizations or schools, thereby improving overall efficiency. The consortium's goal is to empower its member institutions to thrive in a dynamic and challenging environment, enabling them to improve their financial and operational performance as well as the quality of their offerings.
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Impact
July, 2024
The Boston Consortium For Higher Education Inc's impact lies in empowering its member institutions to thrive in a dynamic and challenging environment. By improving the professional skills of college operational administrators and facilitating collaborative efforts to reduce operational costs, The Boston Consortium plays a vital role in enhancing the financial and operational performance of its member institutions. Through innovative programs, initiatives, and thought leadership, The Boston Consortium enables its members to improve the quality of their offerings while creating economies through collaborative projects. Leveraging the combined scale of member schools, The Boston Consortium fosters choice and lowers costs in the realm of higher education. Additionally, the Consortium's entrepreneurial approach opens avenues for member schools to form entities that provide services at lower costs, driving overall efficiency and innovation in the higher education sector.
This information is meant to be a general summary of The Boston Consortium For Higher Education 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 2022.
- Investment Income: $1,980
- Program Service Revenue: $1,246,837
- Gross Receipts: $1,913,833
Assets and Liabilities:
- Total Assets: $2,694,199
- Total Liabilities: $958,089
- Net Assets: $1,736,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED INTERNAL AUDIT
Revenue
$806,725
SHARED RISK MANAGEMENT
Revenue
$293,600
SHARED ACADEMIC TRAVEL
Revenue
$141,745
OTHER
Revenue
$4,767
Organization Details
Founding Year
1998
Phone
(339) 225-3820Principal Officer
Katherine Kennedy
Main Address
130 RUMFORD AVENUESUITE 213, AUBURNDALE, MA, 02466
Website
www.boston-consortium.orgNTEE Category
Code: B022 - Education
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