Overview
What is Five Colleges Incorporated?
Five Colleges Incorporated is a nonprofit organization situated in Amherst, Massachusetts. Its primary mission is to foster collaborative programs among five esteemed educational institutions: Amherst, Hampshire, Mount Holyoke, and Smith Colleges, as well as the University of Massachusetts Amherst. This collaboration enriches the educational experience for approximately 30,000 students and faculty members by offering joint academic and administrative programs. Through such partnerships, Five Colleges Incorporated encourages intellectual communities and diverse curricular and co-curricular offerings. This cooperative approach provides students with a well-rounded education, complementing each institution's distinctive qualities while promoting broader educational and cultural objectives. The organization is staffed by 99 individuals, actively working towards the success of these collaborative initiatives.
Official website here: www.fivecolleges.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Five Colleges Incorporated has achieved an impressive 96% rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. This rating is derived entirely from its excellent performance in the Accountability & Finance beacon, reflecting a well-managed financial operation with no material diversion of assets and a well-structured independent board.
The organization boasts 100% independent board members and maintains rigorous oversight with a fully audited financial structure. High marks for its conflict of interest, whistleblower, and document retention policies further showcase its dedication to ethical governance. Additionally, a significant portion of its expenses is allocated directly to programs, reinforcing its focus on fulfilling its mission effectively.
While Five Colleges Incorporated shows exceptional strengths in governance and financial management, continued vigilance in maintaining these standards is essential for sustaining the high level of trust from its supporters and stakeholders. Overall, the organization exemplifies sound practices that contribute positively to its community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Five Colleges Incorporated legitimate?
Five Colleges Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Five Colleges Incorporated 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: $496,495
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,125,116
For more financial information, click here
Official website here: www.fivecolleges.edu
What is the mission statement of Five Colleges Incorporated?
Five Colleges Incorporated aims to foster educational and cultural collaboration among Amherst College, Hampshire College, Mount Holyoke College, Smith College, and the University of Massachusetts Amherst. This educational consortium encourages joint education and administrative opportunities to enrich the learning experiences of the institutions' 30,000 students and faculty. By facilitating intellectual communities and offering cooperative programs such as student interchange, library depository agreements, joint curricular programs, and administrative collaborations, Five Colleges Incorporated aims to promote the broad educational objectives of its affiliated institutions.
Official website here: www.fivecolleges.edu
Who is the CEO of Five Colleges Incorporated?
Yvette Morneau is the President of Five Colleges Incorporated.
Official website here: www.fivecolleges.edu
What is the revenue of Five Colleges Incorporated?
Five Colleges Incorporated's revenue in 2022 was $10,361,692.
Official website here: www.fivecolleges.edu
Who are the executives of Five Colleges Incorporated and what are their salaries?
The average compensation at Five Colleges Incorporated during 2022 was $26,481. There are 99 employees and 25 volunteers at Five Colleges Incorporated.
Here are 11 key members and their salaries:
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- Compensation: $262,571
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- Other: $40,618
- Compensation: $127,953
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- Other: $13,409
- Compensation: $98,825
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- Other: $12,246
- Compensation: $107,908
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- Other: $19,462
- Compensation: $104,513
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- Other: $11,933
- Compensation: $121,881
- Related: $0
- Other: $28,074
Official website here: www.fivecolleges.edu
Where can I find the form 990 for Five Colleges Incorporated?
Five Colleges Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fivecolleges.edu
Learn more at the official website: www.fivecolleges.edu
Mission Statement of Five Colleges Incorporated
Five Colleges Incorporated, an educational consortium, is dedicated to enhancing and sustaining the excellence of its member institutions: Amherst, Hampshire, Mount Holyoke, and Smith Colleges, as well as the University of Massachusetts Amherst. The organization's primary mission is to encourage collaboration among these institutions, thereby promoting opportunities for joint education and administration. By fostering intellectual communities and offering broad curricular and co-curricular opportunities, Five Colleges Incorporated aims to complement the distinctive qualities of each institution, thereby enriching the overall educational experience for their combined 30,000 students and faculty. In essence, the consortium seeks to promote the broader educational and cultural objectives of its affiliated institutions by leveraging cooperation and shared resources.
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Impact
July, 2024
Five Colleges Incorporated has a significant impact on the educational landscape by fostering intellectual communities and broad curricular offerings for its member institutions. Through academic and administrative collaboration, it provides cooperative programs such as student interchange, library depository agreements, joint curricular programs, and joint administrative programs. This collaboration benefits over 30,000 students and faculty across Amherst, Hampshire, Mount Holyoke, Smith Colleges, and the University of Massachusetts Amherst, enhancing learning, research, performance, and social opportunities that complement the unique strengths of each institution.
This information is meant to be a general summary of Five Colleges Incorporated. 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: $471,085
- Program Service Revenue: $7,706,312
- Gross Receipts: $10,361,692
Assets and Liabilities:
- Total Assets: $34,378,872
- Total Liabilities: $8,582,091
- Net Assets: $25,796,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS TO ASSOCIATED INSTITU
Revenue
$7,284,582
OTHER REVENUE
Revenue
$421,730
Organization Details
Founding Year
1965
Phone
(413) 542-4000Principal Officer
Yvette Morneau
Main Address
97 SPRING STREET, AMHERST, MA, 01002
Website
www.fivecolleges.eduNTEE Category
Code: B120 - Education
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