Overview
What is Invest Collegiate Consortium Inc?
Invest Collegiate Consortium Inc is a nonprofit organization situated in Charlotte, North Carolina, specifically at 2045 Suttle Avenue. They are primarily known for operating a North Carolina public charter school, serving approximately 354 students during the fiscal year ending on June 30, 2022. This charter school is an essential part of their mission, which is to contribute to the education sector in the state. The organization, with a workforce of 46 individuals, is dedicated to providing quality educational opportunities for its students.
Official website here: www.investcollegiate.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Invest Collegiate Consortium Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management with an overall score of 81%. The score is based entirely on the Accountability & Finance beacon, indicating strong practices in several areas. Notably, the organization has a fully independent board and has demonstrated sound audit and oversight practices, which are critical for maintaining transparency and trust.
Strengths of the organization include a high program expense ratio of 77.23%, indicating that a significant portion of its budget is directed towards its mission-related activities. The organization also scores well in governance aspects, with all board members being independent and having effective policies in place for conflict of interest and document retention. Transparency measures, such as posting tax forms on its website, further enhance its standing.
However, there are areas for improvement, particularly regarding the whistleblower policy, which is currently missing. Additionally, the organization's liabilities to assets ratio is exceptionally high at 596.44%, raising concerns about its financial stability. While the organization demonstrates a strong commitment to accountability, addressing these limitations could enhance its overall performance and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Invest Collegiate Consortium Inc legitimate?
Invest Collegiate Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest Collegiate Consortium 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: $100,463
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,065,596
For more financial information, click here
Official website here: www.investcollegiate.org
What is the mission statement of Invest Collegiate Consortium Inc?
Invest Collegiate Consortium Inc's mission is centered around operating a North Carolina public charter school. This mission is carried out by running a charter school, serving approximately 354 students during the fiscal year ending on June 30, 2022. The organization's primary focus is on educating these students within the public charter school system. The specific goals or additional objectives of the organization beyond basic education are not provided in the information.
Official website here: www.investcollegiate.org
Who is the CEO of Invest Collegiate Consortium Inc?
Dr Mildred Huey is the Chair of Invest Collegiate Consortium Inc.
Official website here: www.investcollegiate.org
What is the revenue of Invest Collegiate Consortium Inc?
Invest Collegiate Consortium Inc's revenue in 2022 was $4,840,102.
Official website here: www.investcollegiate.org
Who are the executives of Invest Collegiate Consortium Inc and what are their salaries?
The average compensation at Invest Collegiate Consortium Inc during 2022 was $47,088. There are 46 employees and 7 volunteers at Invest Collegiate Consortium Inc.
Here are 7 key members and their salaries:
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- Compensation: $56,077
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- Other: $0
Official website here: www.investcollegiate.org
Where can I find the form 990 for Invest Collegiate Consortium Inc?
Invest Collegiate Consortium Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.investcollegiate.org
Learn more at the official website: www.investcollegiate.org
Mission Statement of Invest Collegiate Consortium Inc
Invest Collegiate Consortium Inc, as per its mission, operates a North Carolina public charter school. Its primary role is to provide educational services, functioning as a charter school in Charlotte, serving approximately 354 students during the fiscal year ending on June 30, 2022. The organization's mission is centered around the operation of this public charter school, aiming to contribute to the educational growth and development of its students.
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Impact
July, 2024
Invest Collegiate Consortium Inc has a direct impact on the education sector by operating a public charter school in Charlotte, NC. The school serves approximately 354 students and provides them with quality education and opportunities for growth and development. This impact is significant in shaping the lives and futures of these students, equipping them with the necessary skills and knowledge to succeed in their academic and professional pursuits. Through its operation, Invest Collegiate Consortium Inc is contributing to the overall improvement of the education system and helping to build a stronger community in Charlotte.
This information is meant to be a general summary of Invest Collegiate Consortium 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.
- Program Service Revenue: $3,690,916
- Gross Receipts: $4,840,102
Assets and Liabilities:
- Total Assets: $1,364,002
- Total Liabilities: $8,135,496
- Net Assets: -$6,771,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE OF NC
Revenue
$2,573,979
TOTAL COUNTY FUNDS
Revenue
$1,089,021
SCHOOL PROGRAMS & ACTIVITIES
Revenue
$26,000
LUNCH REVENUE
Revenue
$1,916
Organization Details
Founding Year
2011
Phone
(704) 370-4000Principal Officer
Dr Mildred Huey
Main Address
2045 SUTTLE AVENUE, CHARLOTTE, NC, 28208
Website
www.investcollegiate.orgNTEE Category
Code: B20 - Education
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