Overview
What is Michigan Colleges Alliance?
Michigan Colleges Alliance is a collective of Michigan's leading private universities and colleges, often referred to as the "third largest university" in the state, with 14 campuses and approximately 41,000 students. Their primary mission is to boost the shared capacity of these institutions. The alliance provides financial support to its students through various scholarship funds, such as the Michigan Scholarship Fund, named scholarships, College Community Challenge Scholarships, Folds of Honor Scholarships, and the Have Faith Haiti Scholarship Fund, among others. Exclusive partnerships with initiatives like the Kalamazoo Promise and the Sage Scholars Consortium significantly contribute to college affordability. Besides scholarships, Michigan Colleges Alliance also offers collective purchasing and legal services programs to its member campuses. In 2022, they granted a total of 3,588,525 dollars to students and provided additional operational and programmatic funds to member institutions. The alliance is dedicated to promoting college choice in Michigan and leading the way in creating talent development pathways for the 21st-century workforce. With a team of 5 employees, they aim to achieve substantial savings and operational efficiencies through shared business-related services and collective purchasing.
Official website here: www.michigancolleges.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
Michigan Colleges Alliance holds a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. With a high score of 97% in the Accountability & Finance category, the organization demonstrates robust governance practices, including a fully independent board and well-documented policies for conflict of interest, whistleblowers, and document retention.
The nonprofit excels in its financial health as evidenced by a program expense ratio of 92.80%, indicating that a significant portion of its spending goes directly to its mission-related activities. Additionally, it reports a very efficient fundraising model, with a cost of just $0.05 to raise each dollar. The organization also enjoys a healthy liabilities to assets ratio of 5.32%, suggesting sound management of its resources.
While the ratings reflect significant strengths, the data does not highlight any notable limitations or areas for improvement. The strong scores across various metrics reinforce Michigan Colleges Alliance's reputation as a responsible steward of donor funds and a committed player in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Colleges Alliance legitimate?
Michigan Colleges Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Colleges Alliance 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: $803,653
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,223
For more financial information, click here
Official website here: www.michigancolleges.org/
What is the mission statement of Michigan Colleges Alliance?
The Michigan Colleges Alliance is a group comprising 14 prominent independent universities and colleges in Michigan. Their mission is centered around enhancing the collective capacity of these institutions. The alliance is dedicated to promoting college choices within Michigan, providing financial support to its students and member institutions, and leading the nation in creating talent development pathways for the 21st-century workforce. Their activities aim to foster a supportive environment for higher education in Michigan.
Official website here: www.michigancolleges.org/
Who is the CEO of Michigan Colleges Alliance?
Robert P Bartlett is the President of Michigan Colleges Alliance.
Official website here: www.michigancolleges.org/
What is the revenue of Michigan Colleges Alliance?
Michigan Colleges Alliance's revenue in 2022 was $4,811,451.
Official website here: www.michigancolleges.org/
Who are the executives of Michigan Colleges Alliance and what are their salaries?
The average compensation at Michigan Colleges Alliance during 2022 was $175,375. There are 5 employees and 106 volunteers at Michigan Colleges Alliance.
Here are 33 key members and their salaries:
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- Compensation: $161,550
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- Other: $12,267
- Compensation: $102,000
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- Other: $27,706
Official website here: www.michigancolleges.org/
Where can I find the form 990 for Michigan Colleges Alliance?
Michigan Colleges Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michigancolleges.org/
Learn more at the official website: www.michigancolleges.org/
Mission Statement of Michigan Colleges Alliance
Michigan Colleges Alliance, a collection of Michigan's leading independent colleges and universities, is dedicated to enhancing the collective capacity of its 14 member institutions. The organization's mission revolves around promoting college choice within the state, offering financial support to its students and member institutions, and leading the nation in creating talent development pathways for the 21st-century workforce. With a student body of approximately 41,000, Michigan Colleges Alliance serves as a key player in shaping the higher education landscape in Michigan, fostering an environment that supports college choice and nurtures the development of skilled professionals for the modern workforce.
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Impact
July, 2024
Michigan Colleges Alliance's impact is significant in strengthening the shared capacity of 14 leading independent colleges and universities in Michigan. Through scholarships and member services, Michigan Colleges Alliance supports students in fulfilling their educational aspirations in small, teaching-oriented settings. The organization has awarded over $3.5 million to students at member institutions, enabling them to study a wide range of fields and providing additional operational and programmatic funds to campuses. Additionally, Michigan Colleges Alliance collaborates with exclusive partners like the Kalamazoo Promise and the Sage Scholars Consortium to drive major college affordability initiatives. The organization's focus on identifying opportunities for collaboration in shared business-related services and collective purchasing also leads to substantial savings and operational efficiencies for member institutions.
This information is meant to be a general summary of Michigan Colleges Alliance. 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: $141,307
- Program Service Revenue: $594,925
- Gross Receipts: $8,480,788
Assets and Liabilities:
- Total Assets: $5,177,739
- Total Liabilities: $184,340
- Net Assets: $4,993,399
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$594,925
Organization Details
Founding Year
1949
Phone
(248) 356-3114Principal Officer
Robert P Bartlett
Main Address
26555 EVERGREEN ROAD, SOUTHFIELD, MI, 480764239
Website
www.michigancolleges.org/NTEE Category
Code: B42Z - Education
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