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Arete Scholars Louisiana Inc

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

EIN: 611709239 ✦ Dacula, GA ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Arthur Dupre (President) [Trustee/Director]
  • Compensation: $0
  • Related: $69,198
  • Other: $12,112

    • James Smith (President (Part Year), Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $80,000
  • Other: $0

    • Derek Monjure (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $1,500
  • Other: $0

    • Gregory Beadles (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Prince (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Al Petrangeli (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Tucker (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aretescholars.org

    Where can I find the form 990 for Arete Scholars Louisiana Inc?

    The 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.

    Impact

    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.




    Saturday, July 20, 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.





    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: $22,681
  • Program Service Revenue: $0
  • Gross Receipts: $9,768,931

    • Assets and Liabilities:
  • Total Assets: $10,268,726
  • Total Liabilities: $180,200
  • Net Assets: $10,088,526
  • Organization Details

    Founding Year

    2013

    Principal Officer

    Arthur Dupre

    Main Address

    3617 Braselton Hwy Suite 101, Dacula, GA, 30019

    NTEE Category

    Code: B82 - Education

    If you are a representative of Arete Scholars Louisiana Inc 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.