Overview
What is Higher Education Trust Inc?
Higher Education Trust Inc, based in Beaufort, South Carolina, is a nonprofit organization with a mission to foster growth in higher education within Beaufort County. While their primary focus is currently on supporting the University of South Carolina Beaufort (USCB), they are not limited to this endeavor. The trust aims to bolster higher education expansion in the region through various initiatives and programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
Higher Education Trust Inc has received a low rating of 56%, which suggests there are significant concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board, the lack of transparent financial statements and failures to meet several documentation requirements contribute to its low score. The absence of a whistleblower policy and missing website references are notable areas of concern.
On a positive note, the organization appears to allocate 100% of its expenses towards its programs, indicating a strong commitment to its mission. Furthermore, it demonstrates a solid structure with all board members being independent, which is crucial for maintaining objectivity and integrity within the organization. However, the overall lack of financial transparency raises questions about its management practices.
The limitations highlighted in the rating reflect a need for better governance and compliance with best practices in nonprofit management. Improvements in documentation and financial reporting could enhance the organization's credibility and potentially lead to a better rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Higher Education Trust Inc legitimate?
Higher Education Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Higher Education Trust 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: $0
For more financial information, click here
What is the mission statement of Higher Education Trust Inc?
The Higher Education Trust Inc, as a non-profit organization, is committed to fostering the growth of higher education. Currently, their efforts are primarily focused, though not limited to, supporting the University of South Carolina Beaufort (USCB). Their mission aims to contribute to the expansion of higher education opportunities, working towards its advancement and development.
Who is the CEO of Higher Education Trust Inc?
Richard H Stewart is the Director of Higher Education Trust Inc.
What is the revenue of Higher Education Trust Inc?
Higher Education Trust Inc's revenue in 2022 was $1,241,821.
Who are the executives of Higher Education Trust Inc and what are their salaries?
There 4 volunteers at Higher Education Trust Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Higher Education Trust Inc?
Higher Education Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Higher Education Trust Inc
Higher Education Trust, Inc. is a non-profit organization with a mission to foster the expansion of higher education in Beaufort County. While its current focus is on supporting the University of South Carolina Beaufort (USCB), its scope is not limited to this institution. The organization's primary goal is to promote the growth and development of higher education within the county, striving to make quality education more accessible and affordable to its residents. By doing so, Higher Education Trust, Inc. aims to contribute to the overall improvement and advancement of the community.
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Impact
October, 2024
Higher Education Trust Inc significantly impacts the growth of higher education in Beaufort County by facilitating opportunities and resources that enhance educational access and quality. Focusing on institutions like the University of South Carolina Beaufort (USCB), the organization plays a critical role in fostering academic development, attracting students, and supporting innovative programs.
Through its efforts, Higher Education Trust Inc addresses local educational needs, cultivates partnerships, and promotes initiatives that strengthen the educational landscape in the region. This commitment not only benefits students but also contributes to the overall economic and social well-being of Beaufort County, as a well-educated workforce is essential for community growth and sustainability. The trust’s initiatives help create a vibrant educational ecosystem, ultimately empowering individuals and enhancing the community’s future.
This information is meant to be a general summary of Higher Education Trust 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: $79
- Program Service Revenue: $971,242
- Gross Receipts: $1,241,821
Assets and Liabilities:
- Total Assets: $11,868,773
- Total Liabilities: $11,057,393
- Net Assets: $811,380
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$971,242
Organization Details
Founding Year
2000
Principal Officer
Richard H Stewart
Main Address
2015 BOUNDARY STREET SUITE 300, BEAUFORT, SC, 29902
NTEE Category
Code: B11 - Education
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