Overview
What is Avenue Scholars?
Avenue Scholars is a nonprofit organization situated in Omaha, Nebraska, specifically at 7101 MERCY ROAD 240, dedicated to supporting talented and needy students from the local area. Their mission is to provide a comprehensive pathway to success, guiding students from high school through community college or direct entry into the workforce. This journey aims to enhance their lives and careers. The organization offers a range of services including academic support, college application assistance, mentoring, counseling, work study guidance, financial aid, and scholarship assistance. Their goal is to empower these students, enabling them to achieve their full potential and build fulfilling lives. Avenue Scholars employs a team of 38 individuals to carry out these programs.
Official website here: www.avescholars.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Avenue Scholars has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance, with a score of 90%. The organization demonstrates effective financial management, shown by a program expense ratio of 76.69%, indicating that a significant portion of funds is used directly for programs. The leadership and adaptability score is notably high at 100%, highlighting the organization's responsiveness and strategic planning, particularly during challenging times like the COVID-19 pandemic.
The organization boasts a robust independent board, with 80% of its members being independent, which supports effective governance and oversight. Avenue Scholars has also established several important policies regarding conflict of interest and whistleblower protection, contributing to its strong organizational integrity. Additionally, there are no reported material diversions of assets, underscoring the charity's commitment to transparency.
While Avenue Scholars excels in many areas, it does face some limitations in its independent board size, with only four independent members. This could impact the diversity of perspectives and governance. Overall, the organization demonstrates solid financial health and effective leadership, making it a trustworthy option for those looking to support initiatives in education and youth development.
This AI summary has been generated from information found on Charity Navigator.
Is Avenue Scholars legitimate?
Avenue Scholars is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avenue Scholars 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: $682,551
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,089,126
For more financial information, click here
Official website here: www.avescholars.org
What is the mission statement of Avenue Scholars?
Avenue Scholars' mission is to offer a pathway to success for talented and disadvantaged students, extending support from high school through community college or entry into the workforce. This comprehensive aid is designed to enhance their lives and careers, ensuring they have the necessary tools for personal and professional growth. The organization provides various services such as academic support, college application guidance, mentoring, counseling, work-study guidance, financial aid, and scholarship assistance.
Official website here: www.avescholars.org
Who is the CEO of Avenue Scholars?
Mike Alvano is the Director of Avenue Scholars. The CEO's salary of Avenue Scholars is $445,921 and their total compensation is $515,434.
Official website here: www.avescholars.org
What is the revenue of Avenue Scholars?
Avenue Scholars's revenue in 2022 was $4,937,256.
Official website here: www.avescholars.org
Who are the executives of Avenue Scholars and what are their salaries?
The average compensation at Avenue Scholars during 2022 was $99,255. There are 38 employees and 5 volunteers at Avenue Scholars.
Here are 8 key members and their salaries (Avenue Scholars's CEO's salary is $445,921 and their total compensation is $515,434):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $445,921
- Related: $0
- Other: $69,513
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $236,630
- Related: $0
- Other: $53,084
- Compensation: $111,709
- Related: $0
- Other: $27,215
- Compensation: $108,505
- Related: $0
- Other: $33,670
Official website here: www.avescholars.org
Where can I find the form 990 for Avenue Scholars?
Avenue Scholars's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.avescholars.org
Learn more at the official website: www.avescholars.org
Mission Statement of Avenue Scholars
Avenue Scholars is an organization committed to providing a pathway to success for talented and needy students in the Omaha area. Their mission is to offer comprehensive support from high school through community college or entry into the workforce, ultimately leading to enhanced lives and careers for these students. This support encompasses various services such as academic assistance, college application guidance, mentoring, group and individual counseling, work-study advice, financial aid and scholarship assistance. Avenue Scholars aims to empower these young individuals, equipping them with the necessary tools to thrive in their educational and professional pursuits.
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Impact
October, 2024
Avenue Scholars creates a significant impact by empowering students in the Omaha area to achieve their academic and career aspirations. Through a comprehensive support system, the organization addresses the unique needs of talented students facing economic challenges.
By offering academic support, college application assistance, and financial aid guidance, Avenue Scholars helps students navigate their educational journey from high school to community college or directly into the workforce. The mentoring and counseling provided foster personal growth and resilience, equipping students with the tools and confidence needed for success.
This multifaceted approach leads to enhanced lives and careers for participants, as they gain access to resources and networks that might otherwise be unavailable. Ultimately, Avenue Scholars not only transforms individual lives but also contributes to the broader community by creating a more educated and skilled workforce.
This information is meant to be a general summary of Avenue Scholars. 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: $20,852
- Gross Receipts: $5,026,233
Assets and Liabilities:
- Total Assets: $2,155,096
- Total Liabilities: $16,379
- Net Assets: $2,138,717
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Organization Details
Founding Year
2007
Phone
(402) 916-9777Principal Officer
Mike Alvano
Main Address
7101 MERCY ROAD 240, OMAHA, NE, 68106
Website
www.avescholars.orgNTEE Category
Code: B90 - Education
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