Overview
What is Berea College?
Berea College, located in Berea, Kentucky, is a public service institution dedicated to engaging with Appalachian communities. It is recognized for its commitment to supporting over 50,000 pre-K to high school students in Appalachian Kentucky through various initiatives, including Partners for Education, Grow Appalachia, Brushy Fork Leadership Institute, and the Appalachian Fund. Partners for Education primarily relies on external funding, mainly from the Department of Education, for cradle-to-career programs. Grow Appalachia addresses food insecurity, and Brushy Fork Leadership Institute identifies emerging leaders in rural communities, with support from both public and private funds. The Appalachian Fund sub-grants monies from Berea College's endowment to enhance the health, education, and general welfare of people in Appalachia. Berea College covers the cost of tuition for every degree-seeking student, making higher education accessible to students from low-income families.
Official website here: www.berea.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Berea College has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. With a score of 99 in this category and 93 in culture and community, the college demonstrates a commitment to financial transparency and ethical governance, highlighted by the high percentage of independent board members and effective oversight committees.
The organization excels in program expense efficiency, dedicating 83.76% of its expenditures to its programs, which is a positive indicator of its focus on mission-driven efforts. Additionally, Berea College has received perfect scores in various areas of culture and community feedback practices, showcasing its effective engagement with stakeholders and responsiveness to feedback.
However, there are some areas for improvement, notably the absence of a donor privacy policy, which received a low score. While the college has strong equity strategies and practices, there are gaps in its equity policies and processes that could be addressed to enhance its overall organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Berea College legitimate?
Berea College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berea College 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: $2,649,904
Professional Fundraising Fees: $596,250
Other Salaries and Wages: $51,248,330
For more financial information, click here
Official website here: www.berea.edu
What is the mission statement of Berea College?
Berea College is a post-secondary educational institution dedicated to transforming the lives of academically promising students from low-income families. Central to its mission, the college covers the cost of tuition for every degree-seeking student. Beyond education, Berea College engages with Appalachian communities through various programs. These initiatives include Partners for Education, Grow Appalachia, Brushy Fork Leadership Institute, and the Appalachian Fund. Partners for Education primarily relies on external funding to support cradle-to-career work in Appalachian Kentucky. Grow Appalachia addresses food insecurity in central Appalachia, while Brushy Fork Leadership Institute identifies and supports emerging leaders in rural communities. The Appalachian Fund sub-grants monies from Berea College's endowment annually to enhance the health, education, and general welfare of people in Appalachia.
Official website here: www.berea.edu
Who is the CEO of Berea College?
Unavailable
Official website here: www.berea.edu
What is the revenue of Berea College?
Berea College's revenue in 2022 was $243,070,272.
Official website here: www.berea.edu
Who are the executives of Berea College and what are their salaries?
The average compensation at Berea College during 2022 was $44,766. There are 1204 employees and 451 volunteers at Berea College.
Here are 51 key members and their salaries:
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Official website here: www.berea.edu
Where can I find the form 990 for Berea College?
Berea College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.berea.edu
Learn more at the official website: www.berea.edu
Mission Statement of Berea College
Berea College, a post-secondary educational institution, is deeply committed to transforming the lives of its academically promising students hailing from low-income families. By covering the cost of tuition for every degree-seeking student, the college goes beyond just providing education, and actively strives to make a difference in the students' lives and those of their families.
Beyond its academic mission, Berea College holds a strong commitment to engaging with the Appalachian communities. Through various in-reach and outreach programs, the college aims to support individuals and families in these regions. Among its initiatives, Partners for Education is the largest recipient of external funding, primarily from the Department of Education, and works towards cradle-to-career development of over 50,000 pre-K to high school students in Appalachian Kentucky. Grow Appalachia, another initiative, focuses on addressing food insecurity in central Appalachia with the support of private, state, and federal funding. Brushy Fork Leadership Institute identifies and nurtures emerging leaders in rural communities, relying on funding from Berea College, contract revenue, and private sources. Lastly, the Appalachian Fund sub-grants a portion of its endowment each year to enhance the health, education, and general welfare of people living in Appalachia. In summary, Berea College's mission extends beyond its campus boundaries, seeking to make a positive impact on the communities it serves.
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Impact
October, 2024
Berea College significantly impacts its students and the surrounding Appalachian communities through a holistic approach to education and outreach initiatives. By admitting academically promising students from low-income families and covering their tuition costs, the college transforms lives and fosters upward mobility.
Berea's commitment extends beyond the campus through various public service programs aimed at addressing critical issues in the region. Initiatives like Partners for Education focus on supporting over 50,000 pre-K to high school students in Appalachian Kentucky, ensuring that young people have access to educational resources and opportunities that can propel them forward.
Additionally, Grow Appalachia tackles food insecurity, enhancing access to nutritious food for families in central Appalachia. The Brushy Fork Leadership Institute cultivates emerging leaders in rural communities, providing them with the tools and support needed to drive positive change in their neighborhoods.
Through the Appalachian Fund, Berea College further invests in the health, education, and general welfare of local residents by distributing grants aimed at improving community well-being. Collectively, these initiatives highlight Berea College's dedication to fostering educational equity, community development, and transformational change within the Appalachian region.
This information is meant to be a general summary of Berea College. 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: $99,875,932
- Program Service Revenue: $21,747,537
- Gross Receipts: $460,692,198
Assets and Liabilities:
- Total Assets: $1,868,201,097
- Total Liabilities: $116,641,982
- Net Assets: $1,751,559,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Residence/Dining Sev Rev
Revenue
$9,423,957
Grants for Educ Fees
Revenue
$3,500,000
Boone Tavern
Revenue
$3,672,812
Fees/Ins Pd by Students
Revenue
$1,524,010
Income from Agriculture Farm Lab
Revenue
$678,421
Organization Details
Founding Year
1855
Phone
(859) 985-3082Main Address
LINCOLN HALL 220, BEREA, KY, 40404
Website
www.berea.eduNTEE Category
Code: B420 - Education
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