Overview
What is National College Advising Corps Inc?
National College Advising Corps Inc, established in 2005, is a leading nonprofit organization based in Raleigh, North Carolina. With a team of over 100 employees, CAC's mission is to make education beyond high school more accessible and equitable for underrepresented students. They envision a world where a student's background does not dictate their future. CAC has helped over 825,000 students nationwide enroll in 2- and 4-year postsecondary education programs immediately after graduation. Their advisers have facilitated the securing of approximately $2 billion in postsecondary financial aid, including scholarships, for these students. The outcome of this successful student placement is an estimated $4 billion in lifetime earnings from US college graduates advised by CAC.
Official website here: www.advisingcorps.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
National College Advising Corps Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 92% overall, reflecting strong management practices and effective use of resources. The organization benefits from a fully independent board, with all members meeting the criteria for independence, which enhances its governance.
The financial metrics are impressive, with a program expense ratio of 82.20%, showcasing a commitment to putting the majority of its resources towards its mission. The fundraising efficiency ratio is also favorable, indicating that the organization raises funds effectively with minimal costs. Additionally, the absence of liabilities and material diversions of assets points to sound financial practices.
However, while the organization demonstrates solid financial health and governance, ongoing scrutiny and transparency are essential for maintaining donor trust and optimizing operational effectiveness. Such high ratings can instill confidence among potential donors, but continued vigilance is necessary to ensure that these standards are upheld over time.
This AI summary has been generated from information found on Charity Navigator.
Is National College Advising Corps Inc legitimate?
National College Advising Corps Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National College Advising Corps 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: $577,221
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,825,661
For more financial information, click here
Official website here: www.advisingcorps.org
What is the mission statement of National College Advising Corps Inc?
National College Advising Corps (CAC) is a prominent college access organization in the United States, dedicated to expanding educational opportunities for low-income, first-generation, and underrepresented high school students. CAC's vision is to create a world where a student's background does not dictate their future. The organization provides guidance and resources to help students identify and pursue postsecondary education opportunities. CAC believes that every student deserves the chance to pursue higher education, as it is considered the most reliable path to economic mobility. CAC's mission is to ensure that deserving students have access to the advice and tools they need to make informed decisions about their future education.
Official website here: www.advisingcorps.org
Who is the CEO of National College Advising Corps Inc?
Jefferson Parker is the Member of National College Advising Corps Inc. The CEO's salary of National College Advising Corps Inc is $186,716 and their total compensation is $203,491.
Official website here: www.advisingcorps.org
What is the revenue of National College Advising Corps Inc?
National College Advising Corps Inc's revenue in 2022 was $30,525,715.
Official website here: www.advisingcorps.org
Who are the executives of National College Advising Corps Inc and what are their salaries?
The average compensation at National College Advising Corps Inc during 2022 was $41,932. There are 105 employees and 9 volunteers at National College Advising Corps Inc.
Here are 19 key members and their salaries (National College Advising Corps Inc's CEO's salary is $186,716 and their total compensation is $203,491):
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- Compensation: $204,288
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- Other: $20,990
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- Compensation: $186,716
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- Other: $16,775
- Compensation: $173,586
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- Other: $8,750
- Compensation: $143,947
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- Other: $18,029
- Compensation: $134,721
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- Other: $12,592
- Compensation: $120,101
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- Other: $8,345
- Compensation: $125,521
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- Other: $6,853
- Compensation: $122,419
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- Other: $15,848
- Compensation: $129,287
- Related: $0
- Other: $14,178
Official website here: www.advisingcorps.org
Where can I find the form 990 for National College Advising Corps Inc?
National College Advising Corps Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advisingcorps.org
Learn more at the official website: www.advisingcorps.org
Mission Statement of National College Advising Corps Inc
National College Advising Corps Inc, a prominent college access organization in the country, is dedicated to expanding educational opportunities for students beyond high school. The organization envisions a world where a student's background does not dictate their future.
In pursuance of this mission, College Advising Corps (CAC) focuses on providing guidance and resources to low-income, first-generation college, and underrepresented high school students. Their ultimate goal is to ensure that every student has the chance to pursue postsecondary education, which they believe is the most effective path to economic mobility.
CAC is committed to making education more accessible and equitable for students who may face barriers to college admission. By offering personalized advice and tools, the organization helps students identify and apply to colleges and universities that best suit their academic and financial needs. Through their dedicated efforts, thousands of students have been able to overcome the challenges that often hinder their ability to pursue higher education.
In summary, National College Advising Corps Inc is a leading college access organization that strives to level the playing field for students who may not otherwise have the means or resources to pursue postsecondary education. By providing individualized guidance and resources, the organization empowers students to overcome obstacles and achieve their academic and career goals.
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Impact
October, 2024
National College Advising Corps Inc significantly increases opportunities for students, especially those from low-income, first-generation, and underrepresented backgrounds, by providing vital support for postsecondary education. Since its inception in 2005, it has grown from 14 advisers serving 2,500 students in Virginia to a nationwide impact, helping over 825,000 students enroll in both two- and four-year postsecondary programs immediately after high school.
Through one-on-one advising, the organization has enabled students to secure an impressive $2 billion in financial aid, including scholarships. This financial support not only eases the burden of college expenses but also plays a crucial role in fostering long-term economic mobility for these individuals. The success of students advised by National College Advising Corps translates into an estimated $4 billion in lifetime earnings for U.S. college graduates, underlining the profound impact of their work.
By ensuring that education beyond high school is accessible and equitable, the organization actively works toward a future where students' backgrounds do not dictate their destinies, empowering them to realize their full potential through higher education.
This information is meant to be a general summary of National College Advising Corps 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.
- Investment Income: $1,320
- Program Service Revenue: $1,235,945
- Gross Receipts: $30,548,432
Assets and Liabilities:
- Total Assets: $28,872,669
- Total Liabilities: $21,790,681
- Net Assets: $7,081,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT INCOME
Revenue
$1,229,243
PROGRAM REVENUE
Revenue
$6,702
Organization Details
Founding Year
2013
Phone
(919) 442-6300Principal Officer
Jefferson Parker
Main Address
5540 CENTERVIEW DR PMB 41997 204, RALEIGH, NC, 27606
Website
www.advisingcorps.orgNTEE Category
Code: B80 - Education
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