Overview
What is Eastern Maine Community College Foundation?
Eastern Maine Community College Foundation is a nonprofit organization situated in Bangor, Maine, specifically at 354 Hogan Road. Their primary mission is to foster and encourage broad-based support from the community to improve the educational offerings, resources, and facilities at Eastern Maine Community College. Through their efforts, they managed to assist 186 students in pursuing their degrees at the college. The foundation's goal is to strengthen the college's programs, equipment, and facilities, thereby enhancing its overall capability and impact.
Official website here: www.emccfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Eastern Maine Community College Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This score is derived entirely from their performance in the Accountability & Finance beacon, where they excelled in various metrics, earning full points for independent board membership, financial policies, and transparency in documentation.
A notable strength of the foundation is its governance structure, with a fully independent board consisting of nine members, which fosters a high standard of oversight and accountability. The foundation has a commendable program expense ratio of 76.93%, reflecting a strong commitment to directing funds towards its mission-driven programs rather than administrative costs.
While the rating does not highlight any significant limitations, the foundation's adherence to robust financial practices, such as maintaining a low liabilities-to-assets ratio of 4.84%, suggests a stable financial position. Overall, the Eastern Maine Community College Foundation exemplifies a well-managed nonprofit dedicated to serving its community effectively and transparently.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Maine Community College Foundation legitimate?
Eastern Maine Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Maine Community College Foundation 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.
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Official website here: www.emccfoundation.org
What is the mission statement of Eastern Maine Community College Foundation?
The Eastern Maine Community College Foundation's mission is to stimulate, engage, and foster substantial support from a variety of sources within the community. Their primary goal is to enhance the educational offerings, resources, and infrastructure at Eastern Maine Community College. Through this investment, they aim to contribute to the improvement of the college's programs, equipment, and facilities. As a result, the foundation has been instrumental in providing scholarships to 186 students, enabling them to further their studies at Eastern Maine Community College.
Official website here: www.emccfoundation.org
Who is the CEO of Eastern Maine Community College Foundation?
Elizabeth Russell is the President of Eastern Maine Community College Foundation.
Official website here: www.emccfoundation.org
What is the revenue of Eastern Maine Community College Foundation?
Eastern Maine Community College Foundation's revenue in 2023 was $207,756.
Official website here: www.emccfoundation.org
Who are the executives of Eastern Maine Community College Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.emccfoundation.org
Where can I find the form 990 for Eastern Maine Community College Foundation?
Eastern Maine Community College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.emccfoundation.org
Learn more at the official website: www.emccfoundation.org
Mission Statement of Eastern Maine Community College Foundation
The Eastern Maine Community College Foundation's mission is centered around mobilizing, engaging, and nurturing a wide range of investments from various community members. Their primary objective is to enhance the educational opportunities at Eastern Maine Community College by improving its programs, resources, and infrastructure. Through their efforts, they have provided scholarships to 186 students, enabling them to pursue their degrees at the college. By engaging the community and encouraging investment, the Eastern Maine Community College Foundation plays a significant role in supporting the educational growth and development of its students.
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Impact
October, 2024
The Eastern Maine Community College Foundation plays a crucial role in supporting educational opportunities for students. By mobilizing and engaging the community, the foundation enhances the programs, equipment, and facilities at Eastern Maine Community College. This commitment has resulted in providing scholarships that have enabled 186 students to pursue their degrees, thereby making a significant impact on their educational journeys and future prospects. The foundation's efforts not only benefit individual students but also contribute to the overall development of the community by fostering a well-educated workforce in Bangor, Maine.
This information is meant to be a general summary of Eastern Maine Community College Foundation. 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: $151,716
- Gross Receipts: $207,756
Assets and Liabilities:
- Total Assets: $1,809,297
- Total Liabilities: $87,578
- Net Assets: $1,721,719
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Organization Details
Founding Year
1982
Principal Officer
Elizabeth Russell
Main Address
354 Hogan Road, Bangor, ME, 04401
Website
www.emccfoundation.orgNTEE Category
Code: B42 - Education
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