Overview
What is Associated Colleges Of Illinois Inc?
Associated Colleges of Illinois Inc is a nonprofit organization situated in Chicago, Illinois. With a staff of eight individuals, their primary focus is on providing grants and services to member colleges and universities that uphold a liberal arts and sciences education tradition. This organization has been actively supporting independent institutions in Illinois for over six decades, contributing significantly to the success of underprivileged students in their college, career, and personal lives. Their mission extends beyond financial assistance, aiming to advance the values of independent liberal arts education.
Official website here: www.acifund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Associated Colleges of Illinois Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 92%, with its rating derived entirely from a single beacon score focused on Accountability & Finance, indicating a robust commitment to transparency and responsible financial management.
Strengths of the organization include a fully independent board, with all eight members meeting the criteria, and exemplary financial oversight practices. The recent fiscal year showcased no material diversion of assets, affirming the organization’s integrity. Additional highlights include well-established policies on conflict of interest and whistleblower protections, along with a strong document retention framework.
However, while the program expense ratio is solid at 66.98%, it suggests that there may be room for improvement in directing funds toward programs versus administrative costs. Overall, the organization exhibits strong governance and financial practices, positioning it well for continued trust from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Associated Colleges Of Illinois Inc?
There are currently three reviews available for Associated Colleges of Illinois Inc, and while they aren't rated yet, the sentiment is positive. One reviewer expressed strong support for the organization's mission, highlighting its dedication to providing college opportunities for all students across Illinois.
Overall, the feedback reflects appreciation for the organization's efforts in promoting higher education accessibility. It appears that supporters feel strongly about the positive impact the nonprofit is making within the community by facilitating college opportunities for students who may face barriers.
This AI summary has been generated from reviews found on Facebook.
Is Associated Colleges Of Illinois Inc legitimate?
Associated Colleges Of Illinois Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Associated Colleges Of Illinois 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: $142,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,187
For more financial information, click here
Official website here: www.acifund.org
What is the mission statement of Associated Colleges Of Illinois Inc?
The mission of Associated Colleges of Illinois Inc. is centered around supporting its member colleges and universities. Specifically, it aims to advance independent liberal arts and sciences education and assists underprivileged students in succeeding in their college, career, and personal lives. The organization has been serving independent colleges with a liberal arts tradition in Illinois for six decades, significantly benefiting numerous under-served students throughout this period.
Official website here: www.acifund.org
Who is the CEO of Associated Colleges Of Illinois Inc?
April Arnold is the Chair of Associated Colleges Of Illinois Inc.
Official website here: www.acifund.org
What is the revenue of Associated Colleges Of Illinois Inc?
Associated Colleges Of Illinois Inc's revenue in 2022 was $1,309,810.
Official website here: www.acifund.org
Who are the executives of Associated Colleges Of Illinois Inc and what are their salaries?
The average compensation at Associated Colleges Of Illinois Inc during 2022 was $60,105. There are 8 employees and 36 volunteers at Associated Colleges Of Illinois Inc.
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Official website here: www.acifund.org
Where can I find the form 990 for Associated Colleges Of Illinois Inc?
Associated Colleges Of Illinois Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acifund.org
Learn more at the official website: www.acifund.org
Mission Statement of Associated Colleges Of Illinois Inc
Associated Colleges of Illinois, a nonprofit organization, is committed to supporting its member colleges and universities. Its mission is twofold: to promote independent liberal arts and sciences education and to assist under-served students in achieving success in college, their careers, and their personal lives. With a history spanning over six decades, this organization has been instrumental in supporting numerous institutions in Illinois that uphold a liberal arts tradition. Through its efforts, Associated Colleges of Illinois has positively impacted the lives of countless under-served students, contributing to their academic and professional growth.
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Impact
October, 2024
Associated Colleges of Illinois Inc plays a crucial role in enhancing educational opportunities for member colleges and universities across Illinois. By providing targeted grants and services, the organization advances independent liberal arts and sciences education, ensuring that these institutions can thrive in a competitive landscape.
The impact is particularly significant for under-served students, as Associated Colleges of Illinois focuses on helping them succeed not just in their academic pursuits, but also in their future careers and overall life trajectory. For 65 years, this organization has supported numerous independent colleges and universities, benefiting thousands of students by fostering an environment where they can receive a quality education rooted in the liberal arts tradition. This commitment to educational support enriches the broader community and strengthens the workforce by equipping students with the skills and knowledge needed to excel.
This information is meant to be a general summary of Associated Colleges Of Illinois 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: $21,752
- Program Service Revenue: $650,715
- Gross Receipts: $1,350,110
Assets and Liabilities:
- Total Assets: $1,061,635
- Total Liabilities: $301,726
- Net Assets: $759,909
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member and college ass
Revenue
$584,990
Corporate partnerships
Revenue
$65,725
Organization Details
Founding Year
1952
Phone
(312) 263-2391Principal Officer
April Arnold
Main Address
70 E Lake Street 1418, Chicago, IL, 60601
Website
www.acifund.orgNTEE Category
Code: B194 - Education
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