Overview
What is Paine College?
Paine College is a nonprofit educational institution located at 1235 Fifteenth Street in Augusta, Georgia (30901). With a staff of 243, the college is dedicated to nurturing a diverse learning community, empowering students to excel academically, ethically, and spiritually. Its mission emphasizes academic excellence, spiritual values, social responsibility, and personal development to prepare graduates for leadership roles within the African American community and beyond. Paine College serves as a beacon of higher education, fostering a dynamic and inclusive academic environment.
Official website here: www.paine.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Paine College has received a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization scores particularly well in areas such as independent board governance, with 100% of board members being independent and a substantial board size of 24 members contributing to its oversight. Additionally, it has no reported material diversion of assets, which indicates sound financial management.
The accountability metrics highlight that Paine College has effective policies in place, such as a conflict of interest policy and a whistleblower policy, both of which are critical for transparency. The college's financial statements are audited, and it has established a robust audit and oversight committee, further supporting its credibility. The organization also maintains a clear online presence by listing its website on its tax form.
However, there are areas where improvement could be made, particularly in the liabilities to assets ratio, which stands at 54.06%. Additionally, while the program expense ratio is relatively strong at 66.42%, enhancing this aspect could further boost its operational effectiveness. Overall, Paine College demonstrates a commitment to accountability, though it should continue to focus on financial ratios to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Paine College legitimate?
Paine College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paine College 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: $384,076
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.paine.edu
What is the mission statement of Paine College?
Paine College strives to deliver a top-tier liberal arts education that prioritizes academic achievement, ethical and spiritual values, social responsibility, and personal development. The institution's mission is geared towards preparing students for leadership roles in the African American community, the nation, and the world. By nurturing a learning environment, Paine College enables students to academically, socially, and spiritually prepare for navigating a complex, diverse, and ever-evolving world.
Official website here: www.paine.edu
Who is the CEO of Paine College?
Leroy Summers is the President of Paine College.
Official website here: www.paine.edu
What is the revenue of Paine College?
Paine College's revenue in 2022 was $15,043,450.
Official website here: www.paine.edu
Who are the executives of Paine College and what are their salaries?
The average compensation at Paine College during 2022 was $1,581. There are 243 employees and 24 volunteers at Paine College.
Here are 30 key members and their salaries:
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Official website here: www.paine.edu
Where can I find the form 990 for Paine College?
Paine College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paine.edu
Learn more at the official website: www.paine.edu
Mission Statement of Paine College
Paine College is a prestigious educational institution dedicated to delivering a top-tier liberal arts education. With a strong emphasis on academic excellence, this esteemed organization goes beyond mere academic achievement. It also focuses on instilling ethical and spiritual values, social responsibility, and personal development in its students.
In the pursuit of preparing men and women for leadership roles, Paine College emphasizes the importance of academic rigor. Its mission extends beyond the African American community, aiming to equip students to make a positive impact on the nation and the world. By fostering a learning community that encourages academic growth, social development, and spiritual enrichment, Paine College empowers its students to thrive in a complex, diverse, and rapidly changing world.
Paine College is committed to nurturing well-rounded individuals who will contribute to society with distinction. Its educational approach emphasizes the importance of character development alongside academic prowess. By providing a high-quality liberal arts education, Paine College nurtures the next generation of leaders, instilling in them the values and skills necessary to make a difference in their communities and beyond.
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Impact
October, 2024
Paine College plays a vital role in fostering academic excellence and personal development among its students. By offering a liberal arts education of the highest quality, the institution equips individuals with the skills and knowledge necessary for leadership in today’s complex and diverse world. Situated in Augusta, GA, Paine College emphasizes ethical and spiritual values alongside social responsibility, ensuring that students are not only academically proficient but also prepared to contribute positively to their communities.
The college focuses on nurturing a learning community where students can thrive both academically and socially. This holistic approach prepares graduates to take on leadership roles within the African American community, the nation, and the global landscape. Paine College's commitment to developing well-rounded individuals enhances the fabric of society, promoting a future that values education, integrity, and service.
This information is meant to be a general summary of Paine College. 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: $189,420
- Program Service Revenue: $4,694,790
- Gross Receipts: $15,043,450
Assets and Liabilities:
- Total Assets: $37,921,402
- Total Liabilities: $19,645,895
- Net Assets: $18,275,507
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$4,105,828
Sales and services of auxiliary enteprises
Revenue
$588,962
Organization Details
Founding Year
1905
Phone
(706) 821-8200Principal Officer
Leroy Summers
Main Address
1235 Fifteenth Street, Augusta, GA, 30901
Website
www.paine.eduNTEE Category
Code: B420 - Education
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