Overview
What is The Inter-Cooperative Council At The University Of Michigan?
The Inter-Cooperative Council at the University of Michigan is a nonprofit organization that offers an affordable living community, promoting equality and education. Established in Ann Arbor, Michigan, the council aims to eliminate prejudice and discrimination in housing, providing low-cost accommodation for all university students regardless of their background. By offering affordable housing, the council supports students with limited resources, enabling them to continue their higher education. Furthermore, the council helps alleviate the government's burden of building and operating state-owned dormitories by creating housing facilities at a lower cost on a cooperative basis. The organization also focuses on expanding and improving its facilities, fostering educational efforts and programs for its members, and building a strong community. With a dedicated workforce of 23 individuals, the Inter-Cooperative Council at the University of Michigan embodies a commitment to quality living, community, and equality within the cooperative movement.
Official website here: www.icc.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Inter-Cooperative Council at the University of Michigan has achieved a notable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization has demonstrated robust governance practices, with an entirely independent board and comprehensive oversight mechanisms, which contribute significantly to its credibility and operational transparency.
Strengths include a high program expense ratio of 78.33%, indicating that a substantial portion of its resources are allocated towards fulfilling its mission. The organization’s commitment to maintaining strict financial oversight is evident in its well-documented policies, including conflict of interest and whistleblower protections. These practices enhance trust among stakeholders and ensure responsible management of funds.
While the organization’s overall financial health is commendable, the liabilities to assets ratio of 56.78% suggests that there could be room for improvement in managing its financial obligations. Nonetheless, the organization has displayed a strong commitment to accountability, making it a reliable choice for potential donors and supporters looking to contribute to meaningful initiatives at the university level.
This AI summary has been generated from information found on Charity Navigator.
Is The Inter-Cooperative Council At The University Of Michigan legitimate?
The Inter-Cooperative Council At The University Of Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Inter-Cooperative Council At The University Of Michigan 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: $140,181
Professional Fundraising Fees: $0
Other Salaries and Wages: $601,991
For more financial information, click here
Official website here: www.icc.coop
What is the mission statement of The Inter-Cooperative Council At The University Of Michigan?
The Inter-Cooperative Council at the University of Michigan's mission is to promote social and general welfare within the community by offering affordable housing to all students, irrespective of their race, creed, color, or national origin. This initiative aims to foster an environment that encourages the elimination of prejudice and discrimination in housing. Additionally, the council aims to support education by providing inexpensive boarding and lodging for students with limited resources, enabling them to continue their higher education. By relieving the government of the burden of building and operating state-owned dormitories, the council creates housing facilities for students at low cost on a cooperative basis. The council is also committed to continuously expanding and extending these facilities in the community's interest. Furthermore, it actively participates in educational efforts and programs to educate its members, building life skills, a strong community, and personal relationships.
Official website here: www.icc.coop
Who is the CEO of The Inter-Cooperative Council At The University Of Michigan?
Brian Donovan is the Director of The Inter-Cooperative Council At The University Of Michigan.
Official website here: www.icc.coop
What is the revenue of The Inter-Cooperative Council At The University Of Michigan?
The Inter-Cooperative Council At The University Of Michigan's revenue in 2022 was $3,478,855.
Official website here: www.icc.coop
Who are the executives of The Inter-Cooperative Council At The University Of Michigan and what are their salaries?
The average compensation at The Inter-Cooperative Council At The University Of Michigan during 2022 was $32,268. There are 23 employees and 604 volunteers at The Inter-Cooperative Council At The University Of Michigan.
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- Compensation: $76,122
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- Other: $20,305
Official website here: www.icc.coop
Where can I find the form 990 for The Inter-Cooperative Council At The University Of Michigan?
The Inter-Cooperative Council At The University Of Michigan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icc.coop
Learn more at the official website: www.icc.coop
Mission Statement of The Inter-Cooperative Council At The University Of Michigan
The Inter-Cooperative Council at the University of Michigan is a community-driven organization with a mission to promote social and general welfare. It achieves this by offering low-cost housing to all university students, irrespective of race, creed, color, or national origin. By doing so, the council aims to influence the community to eradicate prejudice and discrimination in housing.
Beyond housing, the council also seeks to advance education by providing affordable boarding and lodging for students with limited resources. This initiative allows students who might otherwise be unable to continue their education due to financial constraints to enjoy the benefits of higher education. Furthermore, the council relieves the government of Michigan from the burden of building and operating state-owned dormitories by creating housing facilities at a low cost on a cooperative basis.
The council is committed to continuously expanding and extending these facilities in the community's interest. Moreover, it actively participates in educational efforts and programs to educate its members. The Inter-Cooperative Council at the University of Michigan strives to maintain and improve its organization and houses through shared work, fostering an environment that embodies quality living, community, social equality, and affordable housing within the cooperative movement. The council's mission is to create and maintain a safe and affordable environment where its members feel comfortable and at home, while continuously striving to build life skills, a strong community, and personal relationships.
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Impact
July, 2024
The Inter-Cooperative Council at the University of Michigan provides affordable housing to university students, regardless of their background, through a cooperative living community. By offering low-rent housing and promoting social equality, the organization aims to eliminate prejudice and discrimination in housing. Additionally, by creating housing facilities on a cooperative basis, the ICC reduces the burden on the government and helps students with limited resources continue their education. Through shared work and a commitment to building life skills and a strong community, the ICC fosters a safe and affordable environment where members feel at home. This impact is crucial in supporting students in their academic pursuits and promoting social equality within the community.
This information is meant to be a general summary of The Inter-Cooperative Council At The University Of Michigan. 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: $18,685
- Program Service Revenue: $3,277,812
- Gross Receipts: $3,478,855
Assets and Liabilities:
- Total Assets: $7,729,338
- Total Liabilities: $3,305,503
- Net Assets: $4,423,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER CHARGES
Revenue
$3,277,812
Organization Details
Founding Year
1944
Phone
(734) 662-4414Principal Officer
Brian Donovan
Main Address
337 E WILLIAM STREET, ANN ARBOR, MI, 48104
Website
www.icc.coopNTEE Category
Code: L50 - Housing
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