Overview
What is Alpha Chi Rho Educational Foundation Inc?
Alpha Chi Rho Educational Foundation Inc, located at 109 Oxford Way, Neptune, New Jersey 07753, is a nonprofit organization committed to supporting the educational endeavors of Alpha Chi Rho fraternity members, chapters, and students. Their mission encompasses providing financial aid through student loans and scholarships, as well as fostering leadership skills through academic programming. The foundation also offers educational area use grants for chapters, ensuring the continuous growth and development of its members. With a small workforce of one dedicated individual, the Alpha Chi Rho Educational Foundation Inc serves as a vital resource for its fraternity, aiding in the attainment of their educational goals.
Official website here: www.axpef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall score: 73% - Two-Star out of Four Star rating. The Alpha Chi Rho Educational Foundation Inc demonstrates a mixed performance regarding accountability and finance. While the foundation scores well on having an independent board and no material diversion of assets, it falls short in areas like conflict of interest and whistleblower policies, both of which are not in place.
The foundation's program expense ratio is 61.92%, indicating that a significant portion of its expenses is directed towards its programs. However, this score is only moderately favorable, reflecting areas for improvement in efficiently utilizing funds. Additionally, the lack of transparency with tax documents not being posted on the website may raise concerns among potential donors.
While the foundation shows strengths in governance with a fully independent board and proper oversight in certain areas, the absence of key policies suggests a need for better compliance and transparency practices. Overall, potential donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Chi Rho Educational Foundation Inc legitimate?
Alpha Chi Rho Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Chi Rho Educational Foundation 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: $0
Professional Fundraising Fees: $44,423
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.axpef.org
What is the mission statement of Alpha Chi Rho Educational Foundation Inc?
The Alpha Chi Rho Educational Foundation Inc's mission is centered around educational enhancement. It offers student loans and scholarships to support the academic pursuits of its members and other students. Additionally, the foundation provides programming to foster leadership skills. The organization also provides educational area use grants to chapters and offers financial assistance through student loans and scholarships. Its mission aims to empower individuals to achieve their educational goals.
Official website here: www.axpef.org
Who is the CEO of Alpha Chi Rho Educational Foundation Inc?
Scott Carlson is the Ceo of Alpha Chi Rho Educational Foundation Inc. The CEO's salary of Alpha Chi Rho Educational Foundation Inc is $98,903 and their total compensation is $98,903.
Official website here: www.axpef.org
What is the revenue of Alpha Chi Rho Educational Foundation Inc?
Alpha Chi Rho Educational Foundation Inc's revenue in 2022 was -$295,853.
Official website here: www.axpef.org
Who are the executives of Alpha Chi Rho Educational Foundation Inc and what are their salaries?
There is 1 employee and 25 volunteers at Alpha Chi Rho Educational Foundation Inc.
Here are 14 key members and their salaries (Alpha Chi Rho Educational Foundation Inc's CEO's salary is $98,903 and their total compensation is $98,903):
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Official website here: www.axpef.org
Where can I find the form 990 for Alpha Chi Rho Educational Foundation Inc?
Alpha Chi Rho Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.axpef.org
Learn more at the official website: www.axpef.org
Mission Statement of Alpha Chi Rho Educational Foundation Inc
The Alpha Chi Rho Educational Foundation Inc is committed to promoting educational enhancement for its members and other students. Its mission is twofold: providing financial aid through student loans and scholarships, and offering academic programming to support the development of leadership skills. The foundation aims to offer the Fraternity of Alpha Chi Rho, as well as its chapters and individual students, the necessary resources to achieve their educational goals. Furthermore, the Alpha Chi Rho Educational Foundation Inc also provides educational area use grants for chapters, supporting their initiatives and fostering a scholarly environment.
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Impact
October, 2024
Alpha Chi Rho Educational Foundation Inc significantly impacts the educational development of its members and the broader student community by providing essential financial resources and leadership training. Through student loans and scholarships, the foundation ensures that financial barriers do not impede access to higher education. Additionally, the foundation offers academic programming designed to enhance leadership skills, equipping students with the tools necessary for personal and professional success.
By granting educational area use funds to chapters, the foundation promotes active engagement in learning environments, fostering a culture of collaboration and growth. The foundation’s commitment to educational enhancement empowers individuals to achieve their academic aspirations, ultimately shaping responsible leaders within their communities.
This information is meant to be a general summary of Alpha Chi Rho Educational Foundation 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: $82,585
- Program Service Revenue: $3,246
- Gross Receipts: $301,939
Assets and Liabilities:
- Total Assets: $3,331,781
- Total Liabilities: $550,095
- Net Assets: $2,781,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN INTEREST
Revenue
$3,246
Organization Details
Founding Year
1950
Phone
(732) 988-0588Principal Officer
Scott Carlson
Main Address
109 OXFORD WAY, NEPTUNE, NJ, 07753
Website
www.axpef.orgNTEE Category
Code: B80Z - Education
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