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Equal Chance For Education

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464528066 ✦ Nashville, TN ✦ Designated as a 501(c)(3)

Overview

What is Equal Chance For Education?

Equal Chance for Education (ECE) is a nonprofit organization located in Nashville, Tennessee. Their primary mission is to offer college scholarships in partnership with various educational institutions across the state. ECE provides direct financial aid to students, with each scholarship amounting to $6,250. The scholarship recipients and their families are expected to contribute $4,000 towards tuition, and the partner colleges cover the remaining balance with institutional funding, averaging an annual in-kind gift of $21,000 per student. Beyond the financial aid, ECE also provides programming, mentorship, and career guidance to ensure the scholars' academic success and career readiness. Their ultimate goal is to provide an equal opportunity for individuals to achieve the American Dream by completing a college education.


Official website here: www.equalchanceforeducation.com

Is Equal Chance For Education legitimate?

Equal Chance For Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equal Chance For Education 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.

Here are some key statistics you may want to consider:

Executive Compensation: $83,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,579

For more financial information, click here


Official website here: www.equalchanceforeducation.com

What is the mission statement of Equal Chance For Education?

Equal Chance For Education aims to offer an equal opportunity for individuals to achieve their American dream by completing a college education. They accomplish this by providing direct payment scholarships to educational institutions. The organization collaborates with colleges and universities across Tennessee, offering programming, mentorship, career guidance, and scholarships. The partner colleges offer a negotiated institutional rate for ECE scholars, creating pathways for college persistence. Each scholarship is $6,250, with the ECE scholar and family contributing $4,000 towards tuition. The remaining balance is covered by the partner college, typically through an average annual in-kind gift of $21,000 per student. Beyond the scholarship dollars, ECE supports scholars by creating programming and providing resources to retain and foster career-ready graduates.


Official website here: www.equalchanceforeducation.com

Who is the CEO of Equal Chance For Education?

Molly Haynes is the Executive Di of Equal Chance For Education.


Official website here: www.equalchanceforeducation.com

What is the revenue of Equal Chance For Education?

Equal Chance For Education's revenue in 2022 was $1,797,877.


Official website here: www.equalchanceforeducation.com

Who are the executives of Equal Chance For Education and what are their salaries?

The average compensation at Equal Chance For Education during 2022 was $62,901. There are 3 employees and 109 volunteers at Equal Chance For Education.

Here are 24 key members and their salaries:

    Molly Haynes (Executive Di)
  • Compensation: $83,125
  • Related: $0
  • Other: $0

    • Charles Robert Bone (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Bone (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Crenshaw (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristin Mcgraner (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Spalding (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Saghi Asgarifar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monica Cintado (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Daily (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Garrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Sam Hatcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Joyner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neil Krugman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trey Lipman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kenyatta Lovett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Mahanes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Munro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Wiseman Munro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raquel Oluyemo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raymond Pirtle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Rhoda (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jackie Shrago (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Sivaneri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Tillery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.equalchanceforeducation.com

    Where can I find the form 990 for Equal Chance For Education?

    The Equal Chance For Education’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.equalchanceforeducation.com

    Learn more at the official website: www.equalchanceforeducation.com

    Mission Statement of Equal Chance For Education

    Equal Chance For Education, abbreviated as ECE, is an organization committed to providing an equal opportunity for individuals to achieve their American dream by completing a college education. This is accomplished through the direct provision of scholarships to educational institutions. ECE's mission is to create a level playing field, enabling scholars to complete their college education without being financially burdened.

    In partnership with colleges and universities across Tennessee, ECE offers programming, mentorship, career guidance, and scholarships to deserving students. The partner institutions offer negotiated institutional rates for ECE scholars, creating pathways for college persistence. ECE scholarships, amounting to $6,250, are partially funded by the scholar and their family, contributing $4,000 towards tuition fees. The remaining balance is covered by the partner institution, often amounting to an in-kind gift of approximately $21,000 annually per student.

    Beyond the monetary support, ECE is dedicated to the long-term success of its scholars. They provide programming and resources to retain and foster career-ready graduates. This holistic approach, encompassing financial aid and personal development, empowers scholars to thrive and realize their full potential, ultimately contributing to a more educated and equitable society.

    Impact

    This information is meant to be a general summary of Equal Chance For Education. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Equal Chance For Education's impact can be seen in the lives of students who are given the opportunity to achieve the American Dream through the completion of a college education. By providing direct payment scholarships to education institutions and partnering with colleges and universities across the state of TN, ECE is creating pathways for college persistence. The support provided, including programming, mentorship, and career guidance, goes beyond just financial assistance, ensuring that scholars are prepared for successful careers after graduation. The average in-kind gift of $21,000 per student per year from partner colleges demonstrates a significant investment in each student's future. By promoting educational equality and supporting students in their academic journey, Equal Chance For Education is making a tangible difference in the lives of individuals and the community as a whole.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $73
  • Program Service Revenue: $0
  • Gross Receipts: $1,836,573

    • Assets and Liabilities:
  • Total Assets: $309,155
  • Total Liabilities: $162,035
  • Net Assets: $147,120
  • Organization Details

    Founding Year

    2014

    Principal Officer

    Molly Haynes

    Main Address

    73 WHITE BRIDGE RD 103 BOX 351, NASHVILLE, TN, 37205

    NTEE Category

    Code: B82 - Education

    If you are a representative of Equal Chance For Education and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.