Overview
What is The Five Colleges Of Ohio?
The Five Colleges of Ohio is a collaborative nonprofit organization, headquartered at 173 WEST LORAIN STREET 208, Oberlin, OH 44074. Its primary mission is to foster closer cooperation and understanding among its member institutions, promoting their educational objectives. The organization engages in various collaborative projects, such as strategic planning, academic best practices, employment opportunities, professional development, library resources, environmental management education, and risk management. Additionally, they research shared administrative, computing, and operating functions to reduce costs, and cooperate on insurance purchases. The Five Colleges of Ohio aims to operate as an alliance, coordinating operational functions and administrative services, and developing collaborative programs to enhance quality and reduce costs for its member institutions.
Official website here: www.ohio5.org
Is The Five Colleges Of Ohio legitimate?
The Five Colleges Of Ohio is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Five Colleges Of Ohio 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: $254,228
Professional Fundraising Fees: $0
Other Salaries and Wages: $308,923
For more financial information, click here
Official website here: www.ohio5.org
What is the mission statement of The Five Colleges Of Ohio?
The Five Colleges of Ohio was formed with a mission to promote the broader educational and cultural objectives of its member institutions. It aims to foster closer cooperation and understanding among these institutions by operating as an alliance. The alliance is responsible for coordinating operational functions and administrative services of the member institutions. Additionally, The Five Colleges of Ohio develop collaborative programs and resources for the purpose of enhancing quality and reducing individual and collective operating and capital costs. This collaborative effort is designed to further each member-institution's educational purposes and activities.
Official website here: www.ohio5.org
What is the revenue of The Five Colleges Of Ohio?
The Five Colleges Of Ohio's revenue in 2024 was $1,572,282.
Official website here: www.ohio5.org
Who are the executives of The Five Colleges Of Ohio and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $343,934
- Other: $45,241
- Compensation: $0
- Related: $161,683
- Other: $28,582
- Compensation: $0
- Related: $184,230
- Other: $57,561
- Compensation: $0
- Related: $767,842
- Other: $376,809
- Compensation: $0
- Related: $1,182,298
- Other: $280,874
- Compensation: $0
- Related: $262,797
- Other: $34,705
- Compensation: $0
- Related: $349,452
- Other: $43,350
- Compensation: $219,840
- Related: $0
- Other: $34,388
Official website here: www.ohio5.org
Where can I find the form 990 for The Five Colleges Of Ohio?
The Five Colleges Of Ohio's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ohio5.org
Learn more at the official website: www.ohio5.org
Mission Statement of The Five Colleges Of Ohio
The Five Colleges of Ohio, as a corporation, was established with a threefold mission. Its primary purpose is to promote broader educational and cultural objectives among its member institutions by fostering closer cooperation and understanding. This mission aims to create a harmonious environment where each institution can leverage the collective strengths of the alliance, thereby enhancing their individual educational pursuits and activities.
In addition to this, The Five Colleges of Ohio also serves as an operational alliance, coordinating functional and administrative services among its member institutions. This collaborative approach not only allows for the efficient use of resources but also reduces individual and collective operating and capital costs. By working together, the institutions can pool their resources, enabling them to provide higher quality educational programs and services while keeping costs low.
Lastly, The Five Colleges of Ohio is committed to developing collaborative programs and resource sharing initiatives. This aspect of their mission is geared towards enhancing the quality of education provided by the member institutions. By sharing resources and collaborating on programs, the institutions can offer a more comprehensive and enriching educational experience to their students, ultimately contributing to their overall growth and development.
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Impact
October, 2024
The Five Colleges of Ohio significantly enhances the educational landscape by promoting collaboration among its member institutions. By exploring joint efforts that align with each institution's educational objectives, these colleges foster a culture of cooperation and shared resources. This alliance not only supports academic best practices but also creates professional development opportunities for faculty and staff.
Notable initiatives include strategic planning focused on enhancing educational quality and optimizing operational efficiency. The collaborative efforts extend to library resources, where shared access broadens the academic horizon for students across all member colleges. Environmental management training and research into shared administrative functions further illustrate the alliance's commitment to responsible stewardship and effective resource use.
By coordinating risk management and insurance purchases, the Five Colleges also strive to reduce costs and enhance financial sustainability. Ultimately, this collaborative framework facilitates a richer educational experience while empowering each institution to thrive individually and collectively in the competitive higher education landscape.
This information is meant to be a general summary of The Five Colleges Of Ohio. 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: $30,064
- Program Service Revenue: $1,542,154
- Gross Receipts: $1,722,218
Assets and Liabilities:
- Total Assets: $1,729,476
- Total Liabilities: $173,971
- Net Assets: $1,555,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,542,154
Organization Details
Founding Year
1995
Principal Officer
Lindsey Interlante
Website
www.ohio5.orgNTEE Category
Code: B024 - Education
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