Overview
What is The Alpaugh Family Economic Center For Education And Research?
The Alpaugh Family Economic Center for Education and Research is a nonprofit organization situated in Cincinnati, Ohio. Its primary mission is to educate the local community, particularly students from grades K-12, about the American free-enterprise system and the importance of remaining in school. Through engaging economic education courses, the center aims to promote understanding of fundamental economic principles in the Greater Cincinnati area. The center's programs equip students with essential skills, such as managing money, creating budgets, living within their means, and saving for the future. Additionally, students learn about the stock market, investing, and how various local, regional, national, and global issues impact personal wealth. The center reaches a significant number of students, impacting 6,200 elementary students from 25 schools, 4,900 high school students, and over 500 teachers annually, ultimately influencing the lives of around 26,000 students. The organization is led by a team of 11 dedicated individuals.
Official website here: www.economicscenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating) from Charity Navigator.
The Alpaugh Family Economic Center For Education And Research has received a commendable Four-Star rating, indicating strong performance in accountability and finance. Their financial health is robust, reflected in a low liabilities to assets ratio of 0.19%, and they maintain a high program expense ratio of 80.67%, suggesting a majority of funds are allocated towards their educational initiatives.
The organization demonstrates exceptional governance, with a fully independent board composed of 97% independent members. They also implement thorough policies, including conflict of interest and whistleblower policies, which contribute to their overall transparency and ethical operations. Their commitment to audit and oversight is evidenced by a perfect score in financial statement management.
One notable strength of the organization is its focus on financial integrity, with no material diversion of assets reported. This level of transparency and accountability is crucial for building donor trust and achieving long-term sustainability. Overall, The Alpaugh Family Economic Center For Education And Research exemplifies a well-managed nonprofit that prioritizes effective use of resources and sound governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Alpaugh Family Economic Center For Education And Research legitimate?
The Alpaugh Family Economic Center For Education And Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Alpaugh Family Economic Center For Education And Research 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: $132,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $811,560
For more financial information, click here
Official website here: www.economicscenter.org
What is the mission statement of The Alpaugh Family Economic Center For Education And Research?
The Alpaugh Family Economic Center for Education and Research's mission is centered around promoting an understanding of fundamental economic principles in the broader Cincinnati area. The center primarily serves students from grades K-12, imparting them with essential knowledge about earning money, budgeting, living frugally, and saving for the future. Additionally, students are introduced to the stock market and the concept of investing. The center's influence extends beyond the students, reaching over 25 elementary schools, 4,900 high school students through various financial education programs, and over 500 teachers trained annually, impacting a total of 26,000 students.
Official website here: www.economicscenter.org
What is the revenue of The Alpaugh Family Economic Center For Education And Research?
The Alpaugh Family Economic Center For Education And Research's revenue in 2024 was $2,190,589.
Official website here: www.economicscenter.org
Who are the executives of The Alpaugh Family Economic Center For Education And Research and what are their salaries?
The average compensation at The Alpaugh Family Economic Center For Education And Research during 2024 was $72,642. There are 13 employees and 227 volunteers at The Alpaugh Family Economic Center For Education And Research.
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Official website here: www.economicscenter.org
Where can I find the form 990 for The Alpaugh Family Economic Center For Education And Research?
The Alpaugh Family Economic Center For Education And Research's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.economicscenter.org
Learn more at the official website: www.economicscenter.org
Mission Statement of The Alpaugh Family Economic Center For Education And Research
The Alpaugh Family Economic Center for Education and Research is dedicated to fostering an understanding of fundamental economic principles within the greater Cincinnati area. This nonprofit organization's mission is to equip students from grades K-12 with essential knowledge about earning money, setting budgets, living within means, and saving for the future. Furthermore, the center introduces students to the stock market and the concept of investing, helping them comprehend how local, regional, national, and global issues can impact their personal wealth.
Each year, the Alpaugh Family Economic Center for Education and Research reaches a significant number of students. They engage with 6,200 elementary school students from 25 different elementary schools, providing them with the necessary financial literacy skills. Additionally, the center offers various financial education programs to 4,900 high school students. Beyond impacting students directly, the center also trains over 500 teachers, ensuring that these valuable lessons are carried forward into classrooms, ultimately benefiting an estimated 26,000 students.
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Impact
October, 2024
The Alpaugh Family Economic Center for Education and Research significantly impacts the Greater Cincinnati area by enhancing economic understanding among local students and teachers. It focuses on educating K-12 students about essential financial principles, including earning money, budgeting, and saving for the future.
Through its programs, the center reaches approximately 6,200 elementary students across 25 schools and provides financial education to about 4,900 high school students. Additionally, it trains over 500 teachers, which indirectly benefits around 26,000 students by equipping educators with the tools necessary to teach fundamental economic concepts.
The center's curriculum introduces students to the stock market and investment principles, fostering an early awareness of personal finance. By correlating local, regional, national, and global issues with individual financial well-being, the center not only promotes economic literacy but also encourages students to value education and remain in school. Its comprehensive approach empowers future generations with the knowledge and skills required for financial independence and informed decision-making.
This information is meant to be a general summary of The Alpaugh Family Economic Center For Education And Research. 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.
- Investment Income: $219,384
- Program Service Revenue: $1,294,273
- Gross Receipts: $2,190,589
Assets and Liabilities:
- Total Assets: $6,396,284
- Total Liabilities: $12,355
- Net Assets: $6,383,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT RESEARCH
Revenue
$682,458
PROGRAM SERVICE REVENU
Revenue
$611,815
Organization Details
Founding Year
1976
Principal Officer
Susan Heilmayer
Website
www.economicscenter.orgNTEE Category
Code: V22P - Social research
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