Overview
What is Arkansas' Independent Colleges & Universities?
Arkansas' Independent Colleges & Universities is a dedicated nonprofit organization based in Little Rock, AR. Their primary mission is to champion and advocate for 11 private colleges within Arkansas, fostering higher education opportunities. They achieve this by collecting and distributing donations to sustain these non-tax-supported institutions, with a collective enrollment of full-time equivalent resident students. The organization actively promotes and upholds the value of higher education in Arkansas, serving as a vital resource and supporter for its member colleges.
Official website here: www.arkindcolleges.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars
Overall Score: 54%
Arkansas' Independent Colleges & Universities has received a one-star rating from Charity Navigator, indicating significant concerns surrounding its accountability and financial practices. With an overall score of 54%, the organization struggled particularly in governance, evidenced by a lack of independent board members and missing policies related to conflict of interest and whistleblowing. The absence of financial statements further exacerbates these issues, reflecting a lack of transparency.
Despite these shortcomings, the organization did perform well in certain financial metrics. It maintained a low liabilities-to-assets ratio of 7.57%, suggesting a stable financial position, and a strong program expense ratio of 75.69%, which indicates that a substantial portion of its resources is directed toward its mission-related activities. This suggests a commitment to effectively utilizing funds for programmatic purposes, despite the governance issues noted.
Overall, while Arkansas' Independent Colleges & Universities is making strides in program expenses, its governance and transparency issues warrant concern for potential donors and stakeholders. Addressing these deficiencies could enhance its credibility and operational effectiveness in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Arkansas' Independent Colleges & Universities legitimate?
Arkansas' Independent Colleges & Universities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkansas' Independent Colleges & Universities 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: $186,128
For more financial information, click here
Official website here: www.arkindcolleges.org
What is the mission statement of Arkansas' Independent Colleges & Universities?
Arkansas' Independent Colleges & Universities is committed to advocating for the growth of private educational institutions within the state. They achieve this by promoting higher education and raising funds to support their 11 member colleges, which collectively educate a substantial number of full-time equivalent students. The organization's main objective is to bolster these non-tax-supported institutions, contributing to the broader educational landscape in Arkansas. By doing so, Arkansas' Independent Colleges & Universities plays an essential role in nurturing the intellectual growth and development of the state's student population.
Official website here: www.arkindcolleges.org
Who is the CEO of Arkansas' Independent Colleges & Universities?
Andrew Goodman is the President of Arkansas' Independent Colleges & Universities.
Official website here: www.arkindcolleges.org
What is the revenue of Arkansas' Independent Colleges & Universities?
Arkansas' Independent Colleges & Universities's revenue in 2023 was $501,608.
Official website here: www.arkindcolleges.org
Who are the executives of Arkansas' Independent Colleges & Universities and what are their salaries?
The average compensation at Arkansas' Independent Colleges & Universities during 2023 was $93,064. There are 2 employees at Arkansas' Independent Colleges & Universities.
Here are 12 key members and their salaries:
- Compensation: $130,417
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- Other: $3,125
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- Other: $0
Official website here: www.arkindcolleges.org
Where can I find the form 990 for Arkansas' Independent Colleges & Universities?
Arkansas' Independent Colleges & Universities's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.arkindcolleges.org
Learn more at the official website: www.arkindcolleges.org
Mission Statement of Arkansas' Independent Colleges & Universities
Arkansas' Independent Colleges & Universities is an organization dedicated to the support of private educational institutions within the state. Their mission is to actively promote higher education by collecting and distributing donations to aid their 11 non-tax-supported member colleges. These member colleges, with a combined enrollment of full-time equivalent resident students, are an integral part of Arkansas' educational landscape. By providing financial assistance, Arkansas' Independent Colleges & Universities plays a significant role in ensuring that these private educational institutions can continue to offer quality education to their students. The organization's support ultimately contributes to the overall advancement of higher education in Arkansas.
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Impact
July, 2024
Arkansas' Independent Colleges & Universities actively supports private colleges located in Arkansas by promoting higher education. They collect and distribute donations to support their 11 non-tax supported member colleges, which have a total enrollment of full-time equivalent resident students. This effort contributes significantly to the advancement of higher education in the state, benefiting both students and the educational institutions. By supporting these private colleges, Arkansas' Independent Colleges & Universities plays a crucial role in expanding access to quality education and fostering academic excellence in the region.
This information is meant to be a general summary of Arkansas' Independent Colleges & Universities. 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 2023.
- Investment Income: $10,655
- Gross Receipts: $501,608
Assets and Liabilities:
- Total Assets: $337,881
- Total Liabilities: $25,605
- Net Assets: $312,276
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Organization Details
Founding Year
1998
Phone
(501) 378-0843Principal Officer
Andrew Goodman
Main Address
PO BOX 300, LITTLE ROCK, AR, 72203
Website
www.arkindcolleges.orgNTEE Category
Code: B40J - Education
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