Overview
What is Arete Scholars Louisiana Inc?
Arete Scholars Louisiana Inc, located in Dacula, Georgia, serves as a nonprofit organization dedicated to aiding economically disadvantaged students in realizing their full potential through educational opportunities. During the 2021-2022 fiscal year, they awarded 420 scholarships worth a significant sum of $1,879,884 to eligible low-income K4-12 students. These grants enable parents to choose a private school that caters best to their children's requirements, with scholarships covering up to $4,436 for elementary and $4,990 for secondary education. The nonprofit's mission is centered around helping these children discover and utilize their unique talents through these educational opportunities, thus contributing to their overall development.
Official website here: www.aretescholars.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 97% (Four-Star out of Four Stars )**ar Rating)**
Arete Scholars Louisiana Inc has achieved an impressive 97% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With all aspects of the ratings based on this singular beacon, the organization earns top marks across various financial practices, including a program expense ratio of approximately 93.49%, indicating that a substantial portion of its funds directly supports its services.
The organization demonstrates exemplary governance, featuring an entirely independent board and robust policies for conflict of interest, whistleblower protection, and document retention. This high level of oversight positions Arete Scholars as a trustworthy entity, ensuring that its operational practices are transparent and align with best practices in nonprofit management.
Notably, while reviews from GreatNonprofits could not be accessed, the stellar financial rating suggests that Arete Scholars Louisiana Inc is likely effective in its mission. However, potential supporters may want to seek other sources of feedback to gauge user experience, as sentiment from beneficiaries and community members can provide invaluable insight into the organization's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Arete Scholars Louisiana Inc legitimate?
Arete Scholars Louisiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arete Scholars Louisiana 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $367,144
For more financial information, click here
Official website here: www.aretescholars.org
What is the mission statement of Arete Scholars Louisiana Inc?
Arete Scholars Louisiana Inc's mission is centered around aiding economically disadvantaged children. The organization strives to assist these students in identifying and utilizing their inherent talents and abilities through educational opportunities. During the 2021-2022 fiscal year, they granted 420 scholarships worth a total of $1,879,884 to eligible low-income students, enabling their parents to choose a private school that caters to their children's needs. The scholarships cover up to $4,436 for elementary and $4,990 for high school tuition and fees, thereby expanding their educational choices.
Official website here: www.aretescholars.org
Who is the CEO of Arete Scholars Louisiana Inc?
Arthur Dupre is the President (Part Year), Board Member of Arete Scholars Louisiana Inc.
Official website here: www.aretescholars.org
What is the revenue of Arete Scholars Louisiana Inc?
Arete Scholars Louisiana Inc's revenue in 2022 was $9,768,931.
Official website here: www.aretescholars.org
Who are the executives of Arete Scholars Louisiana Inc and what are their salaries?
The average compensation at Arete Scholars Louisiana Inc during 2022 was $122,381. There are 3 employees and 6 volunteers at Arete Scholars Louisiana Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $80,000
- Other: $0
- Compensation: $0
- Related: $69,198
- Other: $12,112
- Compensation: $0
- Related: $1,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aretescholars.org
Where can I find the form 990 for Arete Scholars Louisiana Inc?
Arete Scholars Louisiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aretescholars.org
Learn more at the official website: www.aretescholars.org
Mission Statement of Arete Scholars Louisiana Inc
Arete Scholars Louisiana, Inc. is a nonprofit organization committed to aiding low-income students in realizing their full potential through educational opportunities. Their mission is to identify and empower economically disadvantaged children by helping them uncover and utilize their inherent gifts and talents in the educational sphere. By offering scholarships, this organization provides eligible low-income families with the freedom to choose a private school that caters best to their children's unique needs. During the 2021-2022 fiscal year, Arete Scholars Louisiana, Inc. awarded 420 scholarships, totaling $1,879,884, to support the tuition and fees of qualifying K4-12 students. This financial assistance allows families with limited options to select the educational environment that would be most beneficial for their children's growth and development.
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Impact
July, 2024
Arete Scholars Louisiana Inc's impact can be seen in the 420 K4-12 education scholarships awarded during the 2021-2022 fiscal year. These scholarships, totaling $1,879,884, were provided to qualifying low-income students. By offering parents the opportunity to choose the best private school for their children's needs, the organization is helping economically disadvantaged children discover and utilize their unique gifts and talents through educational opportunities. This enables students to reach their highest potential and access quality education that may otherwise be out of their reach.
This information is meant to be a general summary of Arete Scholars Louisiana 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: $22,681
- Gross Receipts: $9,768,931
Assets and Liabilities:
- Total Assets: $10,268,726
- Total Liabilities: $180,200
- Net Assets: $10,088,526
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Organization Details
Founding Year
2013
Phone
(404) 697-2649Principal Officer
Arthur Dupre
Main Address
3617 Braselton Hwy Suite 101, Dacula, GA, 30019
Website
www.aretescholars.orgNTEE Category
Code: B82 - Education
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