Overview
What is The Southern Tier Education Council Inc?
The Southern Tier Education Council Inc is a nonprofit organization situated in Bedford and Somerset Counties. Their primary mission is to foster higher education in these regions by proactively acquiring public funds. These funds are subsequently funneled to post-secondary educational institutions locally, thereby facilitating educational opportunities for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
The Southern Tier Education Council Inc has received a 52% rating from Charity Navigator, translating to a One-Star designation. This rating indicates significant concerns regarding the organization's accountability and financial practices. While the organization excels in program expenses, allocating 99.90% of its budget to programs, it struggles in areas such as board independence and essential governance policies.
One notable strength is the organization’s strong program expense ratio, reflecting a commitment to its mission-related activities. However, the lack of independent board members and missing basic governance policies, including conflict of interest and whistleblower policies, raises red flags about its overall governance structure and transparency.
Furthermore, the organization has not made key documents, such as its tax form, available on its website, which further impacts its score. The liabilities to assets ratio is concerning at 100%, indicating potential financial instability. Overall, while the Southern Tier Education Council shows dedication to its programs, its governance and financial management require significant improvement to build trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Southern Tier Education Council Inc legitimate?
The Southern Tier Education Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Southern Tier Education 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.
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What is the mission statement of The Southern Tier Education Council Inc?
The Southern Tier Education Council, as an organization, is dedicated to promoting higher education. They accomplish this by securing public funds and channeling them to post-secondary institutions situated within Bedford and Somerset Counties. Their primary goal is to enhance educational opportunities and accessibility at the post-secondary level. By doing so, they aim to contribute to the development of a more educated and skilled workforce.
What is the revenue of The Southern Tier Education Council Inc?
The Southern Tier Education Council Inc's revenue in 2024 was $962,825.
Who are the executives of The Southern Tier Education Council Inc and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for The Southern Tier Education Council Inc?
The Southern Tier Education Council Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Southern Tier Education Council Inc
The Southern Tier Education Council, a nonprofit organization, is dedicated to fostering higher education in Bedford and Somerset Counties. It achieves this mission by actively soliciting and securing public funds. These funds are then strategically allocated to post-secondary institutions located within these counties. By doing so, The Southern Tier Education Council plays a crucial role in expanding educational opportunities and making higher education more accessible to the local community.
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Impact
October, 2024
The Southern Tier Education Council Inc significantly enhances the landscape of higher education in Bedford and Somerset Counties. By actively soliciting and receiving public funds, it facilitates financial support for local post-secondary institutions, which, in turn, expands educational opportunities for students in the region. This support not only promotes access to higher education but also contributes to the overall economic development and workforce readiness of the area, fostering a more educated population that can meet the demands of the local job market. Ultimately, its efforts help build a stronger community through increased educational attainment and career opportunities.
This information is meant to be a general summary of The Southern Tier Education 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 2024.
- Gross Receipts: $962,825
Assets and Liabilities:
- Total Assets: $55,108
- Total Liabilities: $55,108
- Net Assets: $0
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Organization Details
Founding Year
1999
Principal Officer
Kirt Morris
NTEE Category
Code: B82 - Education
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