Overview
What is Arete Education Inc?
Arete Education Inc is a 501(c)3 nonprofit organization situated in the Bronx, New York. Its primary mission is to empower and prepare youth for successful futures by collaborating with local schools and community organizations in the Mott Haven area. Their services include expanded day programs for middle school students, summer bridge initiatives, college bridge programs, work-based learning opportunities, integrated college access services, and year-round service learning and leadership development. Arete Education serves a diverse population of students, with a significant number having special needs, receiving free or reduced lunch, and being English Language Learners. In response to the COVID-19 pandemic, they provided various forms of aid, such as distributing technology for remote learning, establishing a family help hotline, and supporting local businesses. Their flagship school, The Laboratory School of Finance & Technology, consistently performs well academically, with high college and career readiness rates. Arete Education's work has resulted in impressive graduation and college placement rates for its students.
Official website here: www.areteeducation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating. Arete Education Inc demonstrates strong accountability and finance practices, earning a score of 90% in this area. The organization has a completely independent board and a solid program expense ratio of 81.97%, indicating effective allocation of resources toward its mission. The organization also excels in leadership and adaptability, scoring 100%, showcasing its commitment to developing its staff and maintaining flexibility in its operations.
User feedback highlights Arete Education's impactful programming, particularly for high-need students in the South Bronx. Reviewers emphasize the effectiveness of the organization’s Summer Bridge Arts Institute, which provides enriching academic and arts experiences during summer months. This initiative addresses the achievement gap often faced by lower-income students, allowing them to remain engaged and supported outside the regular school year.
While the reviews are overwhelmingly positive, they primarily focus on specific programs rather than a comprehensive evaluation of all organizational aspects. However, the overall sentiment reflects strong community support for Arete Education, positioning it as a vital resource for educational enhancement and cultural engagement in underserved areas.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Arete Education Inc legitimate?
Arete Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arete Education 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: $159,244
Professional Fundraising Fees: $0
Other Salaries and Wages: $882,306
For more financial information, click here
Official website here: www.areteeducation.org
What is the mission statement of Arete Education Inc?
Arete Education Inc, as a 501(c)3 not-for-profit organization, is committed to empowering local youth to lead successful lives. They achieve this by collaborating with schools and community groups in Mott Haven. Their mission involves designing and implementing afterschool and summer programs that expose youth to various career pathways, enhance their academic, wellness, and leadership skills, and broaden their access to arts and culture. The organization's goal is to stimulate investment in the potential of these young individuals, thus contributing to their overall development. For more details, visit their website at www.areteeducation.org.
Official website here: www.areteeducation.org
Who is the CEO of Arete Education Inc?
Sarah Benis Scheier-Dolberg is the Executive Dir. of Arete Education Inc.
Official website here: www.areteeducation.org
What is the revenue of Arete Education Inc?
Arete Education Inc's revenue in 2021 was $1,681,301.
Official website here: www.areteeducation.org
Who are the executives of Arete Education Inc and what are their salaries?
The average compensation at Arete Education Inc during 2021 was $14,075. There are 74 employees and 30 volunteers at Arete Education Inc.
Here are 8 key members and their salaries:
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Official website here: www.areteeducation.org
Where can I find the form 990 for Arete Education Inc?
Arete Education Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.areteeducation.org
Learn more at the official website: www.areteeducation.org
Mission Statement of Arete Education Inc
Arete Education, Inc., a 501(c)3 organization, is dedicated to empowering local youths to lead successful lives. The organization accomplishes this mission by collaborating with schools and community groups in Mott Haven. Arete's strategy involves designing afterschool and summer programs that expose youths to various career pathways, helping them build essential skills in academics, wellness, and leadership. Furthermore, the nonprofit expands access to the arts and culture for these young individuals, thereby enriching their overall development. Arete Education, Inc., through its initiatives, aims to invest in the future of Mott Haven's youths, fostering their growth and success.
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Impact
July, 2024
Arete Education Inc's impact is significant in the Mott Haven section of the South Bronx. The organization provides essential support services to 750 students and families annually, benefiting some of the most vulnerable populations in New York State. Through deep partnerships with local schools, Arete ensures that 95% of their students graduate on time with strong college placement and acceptance rates, even during the challenges of the COVID-19 pandemic.
Arete's programs, such as College Bridge and Work-based learning opportunities, prepare high school students for success in higher education and the workforce. Their efforts have resulted in impressive outcomes, including high graduation rates and college readiness indices at their partner schools. Additionally, Arete has continued to provide crucial aid and services to their community throughout the pandemic, such as humanitarian projects, school support services, and initiatives promoting racial justice and love.
By focusing on youth development through education, mentorship, and community engagement, Arete Education Inc creates a tangible and positive impact on the lives of the youths in Mott Haven, empowering them to lead successful lives and build bright futures.
This information is meant to be a general summary of Arete Education 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 2021.
- Gross Receipts: $1,681,301
Assets and Liabilities:
- Total Assets: $552,003
- Total Liabilities: $141,388
- Net Assets: $410,615
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Organization Details
Founding Year
2012
Phone
(917) 985-8980Principal Officer
Sarah Benis Scheier-Dolberg
Main Address
557 GRAND CONCOURSE SUITE 3 140, BRONX, NY, 10451
Website
www.areteeducation.orgNTEE Category
Code: O50 - Youth development
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