Overview
What is Port Arthur Higher Education Foundation Inc?
Port Arthur Higher Education Foundation Inc is a nonprofit organization situated in Port Arthur, Texas. With a single employee, their primary mission is to support Lamar State College - Port Arthur by granting scholarships to deserving students. This financial aid serves to aid in their higher education journey, ultimately contributing to the growth and development of the college and the community as a whole. The Foundation's activities align with this mission, focusing solely on awarding scholarships and fostering educational opportunities for students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Port Arthur Higher Education Foundation Inc has received a solid Three-Star rating, indicating a generally positive evaluation of its operations, particularly in terms of accountability and finance. This score reflects a strong commitment to financial transparency and governance, as evidenced by its perfect score in several key areas including independent board membership and financial oversight.
The foundation boasts a fully independent board, which enhances its credibility and governance practices. Its financial health is further demonstrated by a low liabilities-to-assets ratio of 0.19% and a high program expense ratio of 87.58%, indicating that a significant portion of its expenses is directed toward its educational initiatives. The organization has also implemented a conflict of interest policy and maintains thorough documentation of board meeting minutes, which underscores its commitment to best practices in nonprofit management.
While the overall score is commendable, it is important to note that the rating is based solely on accountability and finance without any assessment of program impact or effectiveness. Potential donors and supporters may want to consider these aspects in their evaluation of the foundation's overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Port Arthur Higher Education Foundation Inc legitimate?
Port Arthur Higher Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Port Arthur Higher Education 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: $0
Other Salaries and Wages: $16,750
For more financial information, click here
What is the mission statement of Port Arthur Higher Education Foundation Inc?
The Port Arthur Higher Education Foundation Inc's mission is centered around providing financial aid and support to students. Their primary objective is to contribute to Lamar State College - Port Arthur by awarding scholarships to deserving students. By doing so, they aim to foster educational opportunities and empower these students in their academic pursuits. The foundation's activities are geared towards enhancing accessibility to higher education, thereby contributing to the personal and professional growth of the students it supports.
Who is the CEO of Port Arthur Higher Education Foundation Inc?
Sam Monroe is the Chairman Of of Port Arthur Higher Education Foundation Inc.
What is the revenue of Port Arthur Higher Education Foundation Inc?
Port Arthur Higher Education Foundation Inc's revenue in 2022 was $589,567.
Who are the executives of Port Arthur Higher Education Foundation Inc and what are their salaries?
The average compensation at Port Arthur Higher Education Foundation Inc during 2022 was $16,750. There is 1 employee and 19 volunteers at Port Arthur Higher Education Foundation Inc.
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Where can I find the form 990 for Port Arthur Higher Education Foundation Inc?
Port Arthur Higher Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Port Arthur Higher Education Foundation Inc
The Port Arthur Higher Education Foundation Inc, as its mission statement suggests, is dedicated to providing scholastic support to students. This nonprofit organization has set its sights on aiding Lamar State College - Port Arthur by awarding scholarships to deserving students. By doing so, the Port Arthur Higher Education Foundation Inc is effectively contributing to the educational growth and success of these students, thereby enhancing the overall academic landscape.
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Impact
July, 2024
Port Arthur Higher Education Foundation Inc's impact is significant in providing scholarships to students and supporting Lamar State College - Port Arthur. By awarding scholarships, the foundation plays a crucial role in enabling students to access higher education and pursue their academic goals. This support not only benefits the individual recipients but also contributes to the overall educational advancement of the community. Their focus on education underscores their commitment to fostering learning and growth opportunities for students in Port Arthur, Texas.
This information is meant to be a general summary of Port Arthur Higher Education 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: $146,556
- Program Service Revenue: $6,000
- Gross Receipts: $877,160
Assets and Liabilities:
- Total Assets: $7,844,591
- Total Liabilities: $15,196
- Net Assets: $7,829,395
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL PROJECTS
Revenue
$6,000
Organization Details
Founding Year
1973
Phone
(409) 984-6114Principal Officer
Sam Monroe
Main Address
PO BOX 1446, PORT ARTHUR, TX, 77641
NTEE Category
Code: B40I - Education
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