Overview
What is Alpha Rho Chi Foundation?
The Alpha Rho Chi Foundation, located in Cincinnati, Ohio, is a nonprofit organization that focuses on supporting students pursuing architecture and related disciplines. Their primary activity involves awarding scholarships to eight talented individuals enrolled in colleges and universities across the United States. These scholarships help cover tuition, fees, and other educational expenses. Beyond scholarships, the foundation also provides grants for professional and educational programs, fostering architectural education and promoting awards. Furthermore, they offer assistance with licensing fees for emerging professionals in the field of architecture, demonstrating their commitment to nurturing future architects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
The Alpha Rho Chi Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its overall financial management and accountability. The foundation's score is primarily derived from its Accountability & Finance metrics, which are crucial for assessing the charity’s transparency and financial health. While the organization demonstrates a strong commitment to independent governance, with a fully independent board and no material diversion of assets, the overall financial performance suggests areas needing improvement.
One of the strengths noted is the foundation's independent board composition, which is fully made up of independent members, along with documented board meeting minutes. This reflects a commitment to governance best practices. Additionally, the foundation maintains a favorable liabilities to assets ratio of 0.00%, indicating no debt, which is a positive sign for potential donors regarding financial stability.
However, the program expense ratio stands at 56.37%, which is relatively low and contributes to the overall score. This suggests that a significant portion of the foundation's budget may not be directed toward its core programs. Potential donors and stakeholders should consider these financial metrics when evaluating the foundation's effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Alpha Rho Chi Foundation legitimate?
Alpha Rho Chi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Rho Chi Foundation 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.
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What is the mission statement of Alpha Rho Chi Foundation?
The Alpha Rho Chi Foundation is dedicated to supporting students in the field of architecture and the allied arts. Their mission involves providing scholarships to help cover tuition, fees, and other educational expenses. Additionally, they offer grants for professional and educational programs, as well as initiatives to promote architectural education and awards. The foundation also aids emerging professionals by covering their licensing fees.
Who is the CEO of Alpha Rho Chi Foundation?
William Bradford is the President of Alpha Rho Chi Foundation.
What is the revenue of Alpha Rho Chi Foundation?
Alpha Rho Chi Foundation's revenue in 2022 was $74,044.
Who are the executives of Alpha Rho Chi Foundation and what are their salaries?
There 17 volunteers at Alpha Rho Chi Foundation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Alpha Rho Chi Foundation?
Alpha Rho Chi Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alpha Rho Chi Foundation
The Alpha Rho Chi Foundation is committed to supporting the education and advancement of individuals in the fields of architecture and the allied arts. Their mission encompasses several key areas. Firstly, they offer scholarships to students pursuing degrees in these fields, helping to alleviate the financial burden of tuition, fees, and other educational expenses.
Beyond scholarships, the foundation also provides grants for professional and educational programs. This could include workshops, conferences, or other learning opportunities that help these future professionals grow and develop their skills. Furthermore, they support initiatives aimed at promoting architectural education and awards, recognizing excellence in the field and inspiring future generations.
Lastly, the Alpha Rho Chi Foundation offers grants to assist emerging professionals with licensing fees. Obtaining a professional license is a crucial step in starting a career in architecture, and these fees can be a significant barrier for many. By providing this support, the foundation is helping to ensure that talented individuals can enter the workforce and make their contributions to the field.
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Impact
August, 2024
The impact of Alpha Rho Chi Foundation includes providing scholarships for students of architecture and the allied arts, grants for professional and educational programs, promoting architectural education and awards, and supporting emerging professionals with licensing fees. These initiatives help support 8 students of architecture and the allied arts enrolled at colleges and universities in the United States with their tuition, fees, and other educational expenses. This support plays a crucial role in fostering education within the field of architecture and allied arts, ensuring a bright future for emerging professionals.
This information is meant to be a general summary of Alpha Rho Chi Foundation. 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: $24,762
- Gross Receipts: $105,482
Assets and Liabilities:
- Total Assets: $769,910
- Total Liabilities: $0
- Net Assets: $769,910
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Organization Details
Founding Year
1989
Phone
(513) 751-1133Principal Officer
William Bradford
Main Address
2101 St James Avenue 3, Cincinnati, OH, 45206
NTEE Category
Code: B83 - Education
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