Overview
What is Northern Maine Community College Foundation?
The Northern Maine Community College Foundation is a nonprofit organization dedicated to promoting awareness and support for the college's educational mission. Its purpose is to help Northern Maine Community College provide superior educational opportunities for the community by securing donations, grants, and planned gifts. The foundation board members serve as advocates in both public and private sectors, supporting special projects, exercising prudent judgment in managing funds, and fostering high-quality educational standards. The leadership of the college guides the distribution of funds for student scholarships, incentive grants, faculty and staff professional development, and educational equipment or facilities. Overall, the Northern Maine Community College Foundation aims to enhance the college's commitment to providing excellent educational opportunities for all segments of the community.
Official website here: www.my.nmcc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating. The Northern Maine Community College Foundation has achieved a solid score, reflecting strong accountability and finance practices. This rating is derived entirely from its Accountability & Finance score, indicating that the organization is well-managed with transparent financial reporting.
The Foundation excels in several key areas including having a majority of independent board members and a high program expense ratio, which suggests that the bulk of its funds are directed towards its educational programs. The absence of any material diversion of assets further enhances its credibility, indicating that the organization is effectively safeguarding its resources.
However, there are some limitations noted, particularly the absence of a whistleblower policy and a document retention and destruction policy. While these areas could be improved to bolster governance practices, the overall performance reflects positively on the Foundation's commitment to accountability and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Maine Community College Foundation legitimate?
Northern Maine Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.my.nmcc
What is the mission statement of Northern Maine Community College Foundation?
The Northern Maine Community College Foundation's mission is centered around assisting the college in providing excellent educational opportunities for various community segments. The foundation board members serve as advocates, raising awareness in both public and private sectors. They secure contributions, planned gifts, and donations, support special projects, and manage funds prudently. The college leadership guides the foundation board members in distributing funds for student scholarships, incentive grants, faculty and staff professional development, and educational equipment or facilities. The foundation board members' role is to uphold and enhance the high standards that Northern Maine Community College aims to achieve.
Official website here: www.my.nmcc
What is the revenue of Northern Maine Community College Foundation?
Northern Maine Community College Foundation's revenue in 2024 was $5,560,243.
Official website here: www.my.nmcc
Who are the executives of Northern Maine Community College Foundation and what are their salaries?
Here are 32 key members and their salaries:
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Official website here: www.my.nmcc
Where can I find the form 990 for Northern Maine Community College Foundation?
Northern Maine Community College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.my.nmcc
Learn more at the official website: www.my.nmcc
Mission Statement of Northern Maine Community College Foundation
The Northern Maine Community College Foundation's mission is centered around assisting the college in fulfilling its commitment to offering superior educational opportunities for the entire community. The Foundation Board members actively advocate for the college in both public and private sectors, raising awareness and securing contributions, planned gifts, and donations. They also support special projects and manage funds for student scholarships, incentive grants, faculty and staff professional development, and educational equipment or facilities. The leadership of Northern Maine Community College guides the Foundation Board members in distributing funds, ensuring that the high standards which are the goal of the college are maintained and fostered.
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Impact
July, 2024
The Northern Maine Community College Foundation plays a crucial role in supporting Northern Maine Community College's goal of providing superior educational opportunities for all segments of the community. The Foundation works to enhance awareness of the college among the community, alumni, and students by securing contributions, planned gifts, and donations. Additionally, the Foundation supports special projects, scholarships, grants, faculty and staff professional development, and educational equipment and facilities. By working closely with the college's leadership, the Foundation ensures that funds are distributed effectively to uphold the high quality standards of education at Northern Maine Community College. Ultimately, the Foundation's efforts contribute significantly to the advancement of education and the betterment of the community.
This information is meant to be a general summary of Northern 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 2024.
- Investment Income: $595,588
- Gross Receipts: $5,564,130
Assets and Liabilities:
- Total Assets: $4,234,228
- Total Liabilities: $10,424
- Net Assets: $4,223,804
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Organization Details
Founding Year
1985
Principal Officer
Michael Williams
Website
www.my.nmccNTEE Category
Code: B110 - Education
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