Overview
What is Texas Assoc Of Developing Colleges?
Texas Assoc Of Developing Colleges (TADC) is a recognized nonprofit entity in Dallas, Texas, with an address at 1140 Empire Central Plaza. It has obtained approval from the State of Texas to administer the Urban Scholarship Fund, which is primarily funded by AT&T Utility Funds. This fund provides financial aid to underprivileged students pursuing their education in private colleges for two years, public universities for four years, or trade/technical schools, under specific eligibility criteria. TADC's mission is twofold: strategically planning, organizing, and directing collaborative opportunities and programs for its five member historically black colleges and universities, while also serving as the administrator of their educational and community initiatives. By doing so, the organization aims to contribute positively to these institutions and their surrounding communities. TADC's operations involve a workforce of approximately 1 individual.
Official website here: www.txadc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%, Two-Star out of Four Star rating)
The Texas Association of Developing Colleges has received a "Needs Improvement" rating from Charity Navigator, indicating that while some aspects of its operations are strong, there are significant weaknesses in its financial transparency. The organization boasts a fully independent board and has successfully implemented essential policies such as conflict of interest and whistleblower protections. However, the absence of financial statements on their website has considerably affected their score, highlighting a lack of transparency.
Despite the financial transparency issues, the nonprofit shows a commendable commitment to its program expenses, with an impressive program expense ratio of 88.49%. This suggests that the majority of its funding is directed towards fulfilling its mission. Furthermore, there are no reported material diversions of assets, indicating responsible financial management in that regard.
Conversely, the nonprofit's liabilities to assets ratio of 87.70% raises concerns about its financial health, suggesting potential risks in its ability to meet obligations. Overall, while the Texas Association of Developing Colleges demonstrates some strong governance practices, it must address its financial reporting shortcomings to improve its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Assoc Of Developing Colleges legitimate?
Texas Assoc Of Developing Colleges is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Assoc Of Developing Colleges 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: $0
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Official website here: www.txadc.org
What is the mission statement of Texas Assoc Of Developing Colleges?
The Texas Association of Developing Colleges (TADC) is committed to strategically planning, organizing, and directing cooperative opportunities and programs for its five member private historically black colleges and universities. Its mission also involves serving as an administrator of educational and community programs. With the approval of the State of Texas, TADC acts as the administrator of the Urban Scholarship Fund, which provides scholarship support to needy students attending private, public, and technical schools, given they meet the established eligibility requirements and are full-time undergraduate students from eligible Texas cities.
Official website here: www.txadc.org
What is the revenue of Texas Assoc Of Developing Colleges?
Texas Assoc Of Developing Colleges's revenue in 2024 was $529,121.
Official website here: www.txadc.org
Who are the executives of Texas Assoc Of Developing Colleges and what are their salaries?
There is 1 employee at Texas Assoc Of Developing Colleges.
Here are 6 key members and their salaries:
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Official website here: www.txadc.org
Where can I find the form 990 for Texas Assoc Of Developing Colleges?
Texas Assoc Of Developing Colleges's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.txadc.org
Learn more at the official website: www.txadc.org
Mission Statement of Texas Assoc Of Developing Colleges
The Texas Association of Developing Colleges (TADC) is a mission-driven organization that strategically plans, organizes, and manages cooperative opportunities and programs for its five member private historically black colleges and universities. Its primary role is to serve as an administrator of educational and community programs. With the approval of the State of Texas, TADC has taken on the responsibility of administering the Urban Scholarship Fund. This fund, comprised of funds from AT&T Utility Funds, offers scholarship support to needy students. These students must be full-time undergraduate students who have graduated from a high school in one of the 43 designated Texas cities. By carrying out these activities, TADC aims to contribute to the education and community development of its member institutions and the students they serve.
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Impact
July, 2024
The Texas Assoc Of Developing Colleges plays a crucial role in providing educational opportunities for students in need through the Urban Scholarship Fund. By administering this fund, the organization supports eligible students in pursuing higher education at private, public, and trade/technical schools. This impact is particularly significant for aspiring scholars from 43 Texas cities who may face financial barriers to accessing quality education. The organization's strategic planning and cooperative programs benefit its member institutions, ultimately contributing to the growth and development of historically black colleges and universities in Texas.
This information is meant to be a general summary of Texas Assoc Of Developing Colleges. 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 2024.
- Investment Income: $17,939
- Program Service Revenue: $450,394
- Gross Receipts: $529,121
Assets and Liabilities:
- Total Assets: $759,375
- Total Liabilities: $666,010
- Net Assets: $93,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Urban Scholarship Fund
Revenue
$381,812
Administration Fees
Revenue
$68,582
Organization Details
Founding Year
1967
Principal Officer
Dwight Fennell
Website
www.txadc.orgNTEE Category
Code: B030 - Education
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