Overview
What is Students Of Georgetown Inc?
Students of Georgetown Inc, commonly known as The CORP, is a distinguished nonprofit organization based within Georgetown University in Washington, D.C. As the largest undergraduate student-run corporation in the U.S., The CORP's mission is centered around "students serving students." It manages Midnight MUG, a student-led coffee shop located in the main library, offering essential goods and services at affordable prices to the Georgetown University community. By providing these services, The CORP aims to offer valuable business experience to its undergraduate student employees and management, fostering a unique learning environment. With a workforce of 394 students, The CORP embodies the spirit of community and student empowerment at Georgetown University.
Official website here: www.thecorp.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)
Students of Georgetown Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial management. The organization achieved an overall score based on an impressive Accountability & Finance score of 86%, reflecting strong fiscal responsibility and transparency. Notably, they have a high program expense ratio of 82.07%, which suggests that a significant portion of their budget is dedicated to their programs rather than administrative costs.
The organization has implemented several positive governance practices, including a conflict of interest policy and a whistleblower policy, both of which are crucial for maintaining ethical standards and operational integrity. However, one area for improvement identified is the lack of documented board meeting minutes, which could enhance transparency regarding decision-making processes within the organization.
While the percentage of independent board members is below optimal at 42%, the independent board size is adequate, with three members. Overall, Students of Georgetown Inc demonstrates a commitment to effective financial practices and governance, even though they may benefit from addressing certain governance documentation gaps.
This AI summary has been generated from information found on Charity Navigator.
Is Students Of Georgetown Inc legitimate?
Students Of Georgetown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Students Of Georgetown 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: $54,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $910,228
For more financial information, click here
Official website here: www.thecorp.org
What is the mission statement of Students Of Georgetown Inc?
The mission of Students of Georgetown Inc., often referred to as the CORP, is centered around the concept of "students serving students." The primary objective of the CORP is to offer low-cost goods and services to the Georgetown University community. This organization provides its student employees with valuable practical experience through these activities. The mission is accomplished by offering essential products and services at affordable prices to the student body and other members within the University community. The CORP's mission aims to offer its student employees and management, which includes undergraduate students of Georgetown University, an unparalleled business experience.
Official website here: www.thecorp.org
Who is the CEO of Students Of Georgetown Inc?
Ms Sophia Perez-Olle is the Chair (3/2023-6/2023) of Students Of Georgetown Inc. The CEO's salary of Students Of Georgetown Inc is $4,694 and their total compensation is $4,694.
Official website here: www.thecorp.org
What is the revenue of Students Of Georgetown Inc?
Students Of Georgetown Inc's revenue in 2023 was $2,001,188.
Official website here: www.thecorp.org
Who are the executives of Students Of Georgetown Inc and what are their salaries?
The average compensation at Students Of Georgetown Inc during 2023 was $2,448. There are 394 employees at Students Of Georgetown Inc.
Here are 14 key members and their salaries (Students Of Georgetown Inc's CEO's salary is $4,694 and their total compensation is $4,694):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $888
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,790
- Related: $0
- Other: $0
- Compensation: $1,650
- Related: $0
- Other: $0
- Compensation: $2,124
- Related: $0
- Other: $0
- Compensation: $4,694
- Related: $0
- Other: $0
- Compensation: $13,055
- Related: $0
- Other: $0
- Compensation: $2,124
- Related: $0
- Other: $0
- Compensation: $13,941
- Related: $0
- Other: $0
- Compensation: $1,974
- Related: $0
- Other: $0
- Compensation: $2,541
- Related: $0
- Other: $0
Official website here: www.thecorp.org
Where can I find the form 990 for Students Of Georgetown Inc?
Students Of Georgetown Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecorp.org
Learn more at the official website: www.thecorp.org
Mission Statement of Students Of Georgetown Inc
Students of Georgetown Inc, commonly referred to as the CORP, has a mission centered around the principle of "students serving students." This organization is dedicated to providing low-cost goods and services to the Georgetown University community. By engaging in various program services, the CORP aims to offer its student employees a valuable learning experience through practical work. The CORP's objective is twofold: first, to supply essential goods and services at affordable prices to the student body and other members of the Georgetown University community. Second, the CORP seeks to provide its student employees with unmatched business experience, involving both undergraduate students serving as employees and those in management and board positions. This mission of the CORP ensures that the students are gaining invaluable experience while simultaneously offering essential services to their fellow students and university community.
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Impact
October, 2024
Students of Georgetown, Inc. (the CORP) plays a vital role in enhancing the student experience at Georgetown University by embodying the principle of “students serving students.” Through its flagship coffee shop, Midnight MUG, located in the main student library, it provides the campus community with accessible and affordable goods and services. This not only addresses the daily needs of students but also fosters a sense of community within the university.
The CORP is unique in that it is entirely managed by undergraduate students, making it the largest student-run organization of its kind in the United States. This structure allows for hands-on learning experiences, equipping student employees and management with practical business skills. By engaging in various operational roles, students gain invaluable insights into entrepreneurship, collaboration, and leadership, preparing them for future endeavors.
Furthermore, the CORP's commitment to low-cost offerings helps alleviate financial burdens for students, ensuring that essential services are within reach for all members of the Georgetown community. Overall, the impact of the CORP extends beyond its immediate services; it cultivates a culture of peer support, professional development, and community engagement essential to the university experience.
This information is meant to be a general summary of Students Of Georgetown 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 2023.
- Investment Income: -$7,242
- Program Service Revenue: $136,286
- Gross Receipts: $4,874,816
Assets and Liabilities:
- Total Assets: $2,079,364
- Total Liabilities: $596,762
- Net Assets: $1,482,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Student events - no fundraising
Revenue
$136,286
Organization Details
Founding Year
1972
Phone
(202) 687-9887Principal Officer
Ms Sophia Perez-Olle
Main Address
Georgetown Univ 3700 O St NW, Washington, DC, 20057
Website
www.thecorp.orgIf you are a representative of Students Of Georgetown Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.