Overview
What is Accreditation Council For Business Schools & Programs?
The Accreditation Council for Business Schools and Programs (ACBSP) is a nonprofit organization committed to enhancing the quality of business education. With a focus on collegiate professional business schools and programs, ACBSP aims to foster excellence in teaching and prepare students for successful careers. It accomplishes this by offering membership opportunities, coordinating chances for evaluation, growth, and innovation, and accrediting business programs that adhere to its rigorous standards. By serving as a voluntary membership organization, ACBSP supports its members in their mission to continuously improve and deliver high-quality business education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
The Accreditation Council for Business Schools & Programs (ACBSP) has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization has demonstrated excellent governance practices, including a fully independent board of directors and robust financial oversight, which contribute positively to its overall score.
A key strength of ACBSP is its high program expense ratio of 78.34%, indicating that a significant portion of its resources is directed towards fulfilling its mission and programs. Additionally, the organization has no material diversion of assets, showcasing integrity in financial management. ACBSP also adheres to established governance protocols, including a comprehensive conflict of interest policy and consistent documentation of board meeting minutes.
While the rating is commendable, it is important to note that the overall score is derived solely from accountability and finance metrics. This focus may overlook other critical aspects such as program outcomes and community impact, which are not reflected in the current rating system. Nonetheless, ACBSP’s strong financial health and governance practices bode well for its sustainability and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Accreditation Council For Business Schools & Programs legitimate?
Accreditation Council For Business Schools & Programs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Accreditation Council For Business Schools & Programs 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: $1,285,678
For more financial information, click here
What is the mission statement of Accreditation Council For Business Schools & Programs?
The Accreditation Council for Business Schools & Programs is a voluntary membership organization dedicated to promoting excellence in business education. Its primary objective is to assist its member schools and programs in improving teaching methods, fostering growth, encouraging innovation, and accrediting business programs that meet its established standards. The council serves its members by providing opportunities for evaluation and accreditation, thereby ensuring that students receive a quality education and are well-prepared for their professional careers.
Who is the CEO of Accreditation Council For Business Schools & Programs?
Lakshmy Sivaratnam is the Treasurer of Accreditation Council For Business Schools & Programs. The CEO's salary of Accreditation Council For Business Schools & Programs is $185,000 and their total compensation is $203,500.
What is the revenue of Accreditation Council For Business Schools & Programs?
Accreditation Council For Business Schools & Programs's revenue in 2022 was $2,694,151.
Who are the executives of Accreditation Council For Business Schools & Programs and what are their salaries?
The average compensation at Accreditation Council For Business Schools & Programs during 2022 was $91,834. There are 14 employees at Accreditation Council For Business Schools & Programs.
Here are 20 key members and their salaries (Accreditation Council For Business Schools & Programs's CEO's salary is $185,000 and their total compensation is $203,500):
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Where can I find the form 990 for Accreditation Council For Business Schools & Programs?
Accreditation Council For Business Schools & Programs's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Accreditation Council For Business Schools & Programs
The Accreditation Council for Business Schools & Programs (ACBSP) is a voluntary membership organization, dedicated to championing the improvement of business education. Its primary objective is to foster excellence in teaching and equip students for successful careers. The council achieves this by providing its members with opportunities for evaluation, growth, and innovation. Moreover, ACBSP accredits business programs that adhere to its established standards, thereby ensuring a consistent level of quality in business education.
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Impact
July, 2024
The Accreditation Council for Business Schools and Programs (ACBSP) plays a significant role in ensuring the quality and relevance of business education institutions. By accrediting business programs that meet its rigorous standards, ACBSP helps in advancing excellence in teaching students and preparing them for successful careers. Its impact is felt across collegiate professional business schools and programs as it promotes evaluation, growth, and innovation in business education. Through its coordination of opportunities and accreditation process, ACBSP contributes to the overall improvement of business education quality and standards.
This information is meant to be a general summary of Accreditation Council For Business Schools & Programs. 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: -$30,311
- Program Service Revenue: $2,708,972
- Gross Receipts: $2,694,151
Assets and Liabilities:
- Total Assets: $3,594,846
- Total Liabilities: $1,260,956
- Net Assets: $2,333,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCREDITATION FEES
Revenue
$60,032
ANNUAL CONFERENCE
Revenue
$453,665
EDUCATIONAL INCOME
Revenue
$41,450
Membership Dues & Assessments
Revenue
$2,146,825
REGIONAL SPONSORSHIP
Revenue
$7,000
Organization Details
Phone
(913) 339-9356Principal Officer
Lakshmy Sivaratnam
Main Address
8101 COLLEGE BLVD SUITE 100, OVERLAND PARK, KS, 66210
NTEE Category
Code: B51C - Education
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