Overview
What is University Of Texas Inter-Cooperative Council Inc?
University of Texas Inter-Cooperative Council Inc, or ICC-Austin, is a nonprofit organization located in Austin, Texas. Their primary mission is to offer affordable and high-quality cooperative housing for students with financial needs. By living together in group residential facilities, students learn valuable skills such as meal preparation, conflict resolution, and community management. The organization's unique living environment complements their formal education, promoting academic excellence and responsible citizenship. For educational purposes and to support students who may otherwise struggle to afford higher education, ICC-Austin provides scholarships, loans, and low-cost housing. The organization, with a workforce of 14 individuals, is dedicated to enriching the academic experiences of its members and fostering a sense of community.
Official website here: www.iccaustin.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The University of Texas Inter-Cooperative Council Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored 88% overall, based entirely on its accountability and finance metrics, showcasing effective financial practices and governance. The independent board structure is commendable, with 64% of board members being independent, which reflects a commitment to oversight and transparency in operations.
Strengths include a perfect score in financial statements oversight and no material diversion of assets, which underscores the organization's responsible management of funds. Additionally, it maintains a high program expense ratio of 83.22%, indicating that a significant portion of its expenses are directed towards its mission-related programs. The presence of key policies such as a conflict of interest policy and a document retention policy further enhances its credibility.
However, a notable limitation is the absence of a whistleblower policy, which could be a concern for transparency and accountability. This gap suggests an area for improvement in their governance practices. Overall, while the organization demonstrates strong financial health and accountability, addressing the missing whistleblower policy would bolster its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about University Of Texas Inter-Cooperative Council Inc?
100% of reviewers on Facebook recommend the University of Texas Inter-Cooperative Council Inc. Here is a summary of their reviews:
All seven reviews highlight a strong sense of community and satisfaction with the living experience provided by the co-op. One reviewer specifically mentioned their enjoyment of living with ICC for 2.5 years, suggesting that the environment fosters positive relationships and a supportive atmosphere.
Overall, the sentiment is overwhelmingly positive, reflecting that members appreciate the cooperative living arrangement and the connections formed during their time with the council. The feedback indicates that ICC effectively meets the needs and expectations of its residents.
This AI summary has been generated from reviews found on Facebook.
Is University Of Texas Inter-Cooperative Council Inc legitimate?
University Of Texas Inter-Cooperative Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Texas Inter-Cooperative Council 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: $82,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $183,628
For more financial information, click here
Official website here: www.iccaustin.coop
What is the mission statement of University Of Texas Inter-Cooperative Council Inc?
The University of Texas Inter-Cooperative Council Inc, as a non-profit organization, is dedicated to supporting students with financial needs by providing them with affordable and high-quality cooperative housing. Its mission is to foster an environment where students learn to cooperatively manage their community, engaging in tasks such as cooking meals, creating cleaning schedules, resolving conflicts, and running meetings. This unique living arrangement serves as a complement to their formal education, promoting responsible citizenship and the highest standards of academic performance among its student members.
Official website here: www.iccaustin.coop
Who is the CEO of University Of Texas Inter-Cooperative Council Inc?
Zhuoli Xie is the Secretary of University Of Texas Inter-Cooperative Council Inc.
Official website here: www.iccaustin.coop
What is the revenue of University Of Texas Inter-Cooperative Council Inc?
University Of Texas Inter-Cooperative Council Inc's revenue in 2022 was $1,430,552.
Official website here: www.iccaustin.coop
Who are the executives of University Of Texas Inter-Cooperative Council Inc and what are their salaries?
The average compensation at University Of Texas Inter-Cooperative Council Inc during 2022 was $18,973. There are 14 employees and 205 volunteers at University Of Texas Inter-Cooperative Council Inc.
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- Compensation: $85,808
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- Other: $882
Official website here: www.iccaustin.coop
Where can I find the form 990 for University Of Texas Inter-Cooperative Council Inc?
University Of Texas Inter-Cooperative Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iccaustin.coop
Learn more at the official website: www.iccaustin.coop
Mission Statement of University Of Texas Inter-Cooperative Council Inc
The University of Texas Inter-Cooperative Council Inc, a nonprofit organization, is dedicated to serving students with financial needs by providing them with quality, affordable, and health-conscious cooperative housing options. This mission is aimed at fostering an environment where students can learn and grow beyond their academic pursuits. By living together in group-residential facilities, students at the University of Texas Inter-Cooperative Council Inc gain valuable experiences in cooperative living. They learn essential life skills such as meal preparation, creating cleaning schedules, managing conflicts, and running meetings. This unique living arrangement complements their formal education, promoting responsible citizenship and academic excellence among the students.
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Impact
October, 2024
The University of Texas Inter-Cooperative Council Inc. significantly enhances the educational experience for students at the University of Texas at Austin by providing affordable and cooperative housing options. This organization prioritizes students with financial need, ensuring that those who might struggle to secure a higher education can live in a supportive and enriching environment.
By fostering a community where students live together in group-residential facilities, the inter-cooperative council encourages essential life skills such as cooking, conflict resolution, and cooperative management. This communal approach not only helps alleviate financial burdens but also empowers students to develop responsibility and leadership qualities. The focus on education and personal growth cultivates a sense of citizenship and community engagement among members, which aligns with the broader mission to promote excellence in academic standards.
Furthermore, the ICC-Austin facilitates access to necessary scholarships and economic assistance, effectively removing barriers to higher education for its members. This holistic support system not only improves individual academic performance but also contributes positively to the academic interests of the University of Texas, benefiting the entire student body and faculty. Overall, the impact of the University of Texas Inter-Cooperative Council Inc. extends far beyond housing—it's a transformative experience that prepares students for success both academically and personally.
This information is meant to be a general summary of University Of Texas Inter-Cooperative Council 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: $916
- Program Service Revenue: $1,348,761
- Gross Receipts: $1,430,552
Assets and Liabilities:
- Total Assets: $6,304,599
- Total Liabilities: $3,459,552
- Net Assets: $2,845,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,315,021
MEMBERSHIP DUES
Revenue
$19,950
PENALTY FEES
Revenue
$13,790
Organization Details
Founding Year
1970
Phone
(512) 476-1957Principal Officer
Zhuoli Xie
Main Address
2305 NUECES ST, AUSTIN, TX, 787055207
Website
www.iccaustin.coopNTEE Category
Code: L400 - Housing
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