Overview
What is Southern Illinois Collegiate Common Market?
The Southern Illinois Collegiate Common Market (SICCM) is a collaborative organization comprising various post-secondary institutions. Its primary mission is to optimize the utilization of existing resources, minimizing unnecessary expenditures and duplication of efforts. SICCM encourages cooperative planning for the introduction of necessary programs and activities. By sharing human and material resources, the organization seeks to create new delivery systems and administrative structures. SICCM aims to foster effective student articulation and faculty sharing, thereby expanding educational opportunities and accessibility. This nonprofit's ultimate goal is to enhance educational experiences for students by working together and avoiding unnecessary costs.
Official website here: www.siccm.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Southern Illinois Collegiate Common Market has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score is composed solely of the Accountability & Finance score, which indicates a robust financial health and transparency within the organization. With a rating of 92 in this category, the organization demonstrates effective management of funds and resources.
Key strengths of the Southern Illinois Collegiate Common Market include a fully independent board, with all members adhering to governance standards. The organization has established policies such as conflict of interest, document retention, and has procedures for financial oversight, which further enhance its accountability. Additionally, the program expense ratio is notably high at 84.66%, indicating that a substantial portion of its expenses is directed towards its programmatic activities.
Despite its strengths, the organization is noted to be missing a whistleblower policy, which is an important aspect of organizational governance. This limitation could affect the perception of transparency and protection for individuals reporting misconduct. Overall, the Southern Illinois Collegiate Common Market stands out for its financial acumen and governance practices, yet there remains room for improvement in certain policy areas.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Illinois Collegiate Common Market legitimate?
Southern Illinois Collegiate Common Market is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Illinois Collegiate Common Market 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: $511,275
For more financial information, click here
Official website here: www.siccm.com
What is the mission statement of Southern Illinois Collegiate Common Market?
The Southern Illinois Collegiate Common Market (SICCM) is a coalition of post-secondary institutions with a primary objective to maximize the utilization of existing resources, prevent costly duplication of efforts, and collaborate in planning and initiating necessary programs and activities. They aim to share human and material resources extensively, develop flexible and common delivery systems to avoid educational expenses, and establish more efficient administrative structures. The mission of SICCM also includes facilitating effective student articulation and faculty sharing, aiming to enhance educational opportunities and accessibility.
Official website here: www.siccm.com
Who is the CEO of Southern Illinois Collegiate Common Market?
Brad Colwell is the Trustee of Southern Illinois Collegiate Common Market.
Official website here: www.siccm.com
What is the revenue of Southern Illinois Collegiate Common Market?
Southern Illinois Collegiate Common Market's revenue in 2022 was $813,085.
Official website here: www.siccm.com
Who are the executives of Southern Illinois Collegiate Common Market and what are their salaries?
Here are 5 key members and their salaries:
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- Compensation: $99,315
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Official website here: www.siccm.com
Where can I find the form 990 for Southern Illinois Collegiate Common Market?
Southern Illinois Collegiate Common Market's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.siccm.com
Learn more at the official website: www.siccm.com
Mission Statement of Southern Illinois Collegiate Common Market
The Southern Illinois Collegiate Common Market, often referred to as SICCM, is a coalition of post-secondary institutions. Its primary objectives are to maximize the utilization of existing resources, prevent costly duplication of efforts, and collaboratively plan for the initiation of necessary programs and activities. SICCM strives to share human and material resources to the fullest extent possible, develop innovative delivery systems, and avoid educational costs. By doing so, it aims to create more flexible and common programs and activities, share resources effectively, allow for student articulation and faculty sharing, and increase educational opportunity and accessibility. In essence, SICCM works towards fostering cooperation among educational institutions, aiming to improve efficiency, reduce costs, and expand educational opportunities for students.
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Impact
October, 2024
The Southern Illinois Collegiate Common Market (SICCM) significantly enhances the landscape of post-secondary education in Southern Illinois by fostering collaboration among member institutions. By federating these institutions, SICCM maximizes the use of existing resources and prevents unnecessary duplication of efforts, allowing for more efficient program development and resource sharing.
One of the key impacts of SICCM is the facilitation of cooperative planning for needed programs and activities. This approach leads to the development of flexible and common educational structures and delivery systems, making education more accessible to a wider range of students. For instance, the organization supports initiatives such as classes for youth in the Department of Children and Family Services (DCFS) that address essential life skills, demonstrating its commitment to meeting specific community needs.
Additionally, SICCM promotes effective student articulation and faculty collaboration across member institutions. This synergy not only enhances academic offerings but also enriches the educational experience, enabling students to benefit from a broader spectrum of expertise and knowledge. By continuously working to identify and mitigate costs associated with educational delivery, SICCM plays a crucial role in creating a more sustainable and accessible educational environment in the region.
This information is meant to be a general summary of Southern Illinois Collegiate Common Market. 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: $1,440
- Program Service Revenue: $493,269
- Gross Receipts: $813,085
Assets and Liabilities:
- Total Assets: $1,600,825
- Total Liabilities: $397,182
- Net Assets: $1,203,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTITUTIONAL ASSESSME
Revenue
$493,269
Organization Details
Founding Year
1985
Phone
(618) 942-6902Principal Officer
Brad Colwell
Main Address
3213 SOUTH PARK AVENUE, HERRIN, IL, 62948
Website
www.siccm.comNTEE Category
Code: B190 - Education
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