Overview
What is South Carolina Independent Colleges And Universities Inc?
South Carolina Independent Colleges and Universities Inc, located in Columbia, South Carolina, is a nonprofit organization dedicated to supporting and promoting the values of independent higher education in the state. With a team of four employees, their mission is to advance higher education by conducting fundraising, offering scholarships, and facilitating collaborative activities among member institutions. They also engage in research and work to enhance a positive public image, advocating for policies that support independent higher education. Their primary activities involve planning, coordinating, and financing initiatives that contribute to the well-being of private colleges and universities in South Carolina, thereby fostering a strong educational landscape in the state.
Official website here: www.scicu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
South Carolina Independent Colleges and Universities Inc has achieved an impressive 100% rating from Charity Navigator, indicating strong performance in accountability and finance. This score reflects a solid commitment to transparency, with all board members being independent and a high level of oversight in their financial practices. The organization’s financial health is notable, with a liabilities to assets ratio of 0.00%, showcasing effective management of finances.
The charity also demonstrates a robust approach to governance and operational policies, including well-defined conflict of interest and whistleblower policies. Their program expense ratio of 78.62% suggests that the majority of funds are directed towards their mission rather than administrative costs, which is a positive indicator for donors seeking to maximize impact through their contributions.
While the rating highlights many strengths, ongoing vigilance is essential for maintaining these standards. The absence of any noted material diversion of assets is particularly reassuring. Overall, South Carolina Independent Colleges and Universities Inc exemplifies strong financial practices and governance, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is South Carolina Independent Colleges And Universities Inc legitimate?
South Carolina Independent Colleges And Universities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Independent Colleges And Universities 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: $205,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,746
For more financial information, click here
Official website here: www.scicu.org
What is the mission statement of South Carolina Independent Colleges And Universities Inc?
South Carolina Independent Colleges and Universities Inc, often referred to as SCICU, is committed to upholding the values of independent higher education in South Carolina. Their primary goal is to advance higher education in the region through various means, including fundraising, scholarships, research, and facilitating collaborative activities among its member institutions. SCICU also works towards enhancing a positive public image and advocates for government policies that support independent higher education. Additionally, they plan, conduct, coordinate, and finance activities aimed at promoting the well-being of private colleges and universities in South Carolina.
Official website here: www.scicu.org
Who is the CEO of South Carolina Independent Colleges And Universities Inc?
Brenda Torrence is the Trustee of South Carolina Independent Colleges And Universities Inc.
Official website here: www.scicu.org
What is the revenue of South Carolina Independent Colleges And Universities Inc?
South Carolina Independent Colleges And Universities Inc's revenue in 2022 was $1,191,380.
Official website here: www.scicu.org
Who are the executives of South Carolina Independent Colleges And Universities Inc and what are their salaries?
The average compensation at South Carolina Independent Colleges And Universities Inc during 2022 was $89,536. There are 4 employees at South Carolina Independent Colleges And Universities Inc.
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- Compensation: $164,852
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Official website here: www.scicu.org
Where can I find the form 990 for South Carolina Independent Colleges And Universities Inc?
South Carolina Independent Colleges And Universities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scicu.org
Learn more at the official website: www.scicu.org
Mission Statement of South Carolina Independent Colleges And Universities Inc
South Carolina Independent Colleges and Universities Inc, often referred to as SCICU, is an organization with a mission to uphold and advance the values of independent higher education within South Carolina. This mission is carried out through various initiatives, including fundraising, scholarship programs, research, and facilitating collaborative activities among its member institutions. SCICU's ultimate goal is to enhance the well-being of private colleges and universities in the state. To achieve this, the organization plans, organizes, coordinates, and finances activities that cater to the needs of these educational institutions. By doing so, SCICU plays a significant role in promoting the growth and development of higher education in South Carolina, while also encouraging government policies that support independent education.
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Impact
July, 2024
South Carolina Independent Colleges And Universities Inc plays a crucial role in advancing higher education in South Carolina by supporting and promoting the values of independent higher education in the state. They actively work to enhance the well-being of private colleges and universities through their efforts in fundraising, scholarships, research, and facilitation of collaborative activities among member institutions. SCICU also works towards creating a positive public image and advocating for government policies that support independent higher education. Their impact can be seen through the strengthened partnerships within the higher education community and the support they provide to institutions and students in achieving their academic goals.
This information is meant to be a general summary of South Carolina Independent Colleges And Universities 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: $30,828
- Gross Receipts: $1,205,914
Assets and Liabilities:
- Total Assets: $4,869,816
- Total Liabilities: $0
- Net Assets: $4,869,816
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Organization Details
Founding Year
1953
Phone
(803) 799-7122Principal Officer
Brenda Torrence
Main Address
PO BOX 12007, COLUMBIA, SC, 29211
Website
www.scicu.orgNTEE Category
Code: B40Z - Education
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