Overview
What is Kennebec Valley Community College Foundation?
The Kennebec Valley Community College Foundation is a nonprofit organization dedicated to supporting Kennebec Valley Community College (KVCC) by raising funds. Their primary objectives include providing scholarships to eligible KVCC students and offering financial aid to the college for various purposes. These purposes encompass academic programs, capital investments, and college operations. In addition to offering scholarships, the foundation extends financial assistance to KVCC for academic support and capital projects. The overall goal is to enhance the educational experience and opportunities for students at KVCC.
Official website here: www.kvcc.me.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Kennebec Valley Community College Foundation holds an 83% rating, reflecting a solid performance in accountability and finance. The rating is derived solely from a comprehensive accountability score, indicating a strong commitment to transparency and responsible financial management. The foundation boasts a fully independent board with 100% of its members meeting independence criteria, showcasing effective governance.
Strengths include a robust audit and oversight committee, a clear conflict of interest policy, and the proper listing of financial documents on their website. Additionally, the foundation effectively manages its liabilities, demonstrating sound financial health. However, it is noted that the organization currently lacks a whistleblower policy, which is an area for potential improvement in its governance practices.
Overall, while the Kennebec Valley Community College Foundation maintains a commendable rating with strengths in accountability and financial management, addressing the absence of a whistleblower policy could enhance its overall governance framework. The foundation's performance is indicative of a well-managed nonprofit working toward its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kennebec Valley Community College Foundation legitimate?
Kennebec Valley Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennebec Valley 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $61,704
For more financial information, click here
Official website here: www.kvcc.me.edu
What is the mission statement of Kennebec Valley Community College Foundation?
The Kennebec Valley Community College Foundation's mission is centered around raising funds to benefit the students and operations of Kennebec Valley Community College. Specifically, it provides scholarships for qualifying students and offers financial support to the college for academic programs, capital investments, and college operations. The foundation also grants funds to the college for academic and capital purposes. In essence, its aim is to contribute to the educational growth and success of Kennebec Valley Community College students.
Official website here: www.kvcc.me.edu
Who is the CEO of Kennebec Valley Community College Foundation?
John Dalton is the Chair of Kennebec Valley Community College Foundation.
Official website here: www.kvcc.me.edu
What is the revenue of Kennebec Valley Community College Foundation?
Kennebec Valley Community College Foundation's revenue in 2023 was $534,504.
Official website here: www.kvcc.me.edu
Who are the executives of Kennebec Valley Community College Foundation and what are their salaries?
There 15 volunteers at Kennebec Valley Community College Foundation.
Here are 15 key members and their salaries:
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Official website here: www.kvcc.me.edu
Where can I find the form 990 for Kennebec Valley Community College Foundation?
Kennebec Valley Community College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kvcc.me.edu
Learn more at the official website: www.kvcc.me.edu
Mission Statement of Kennebec Valley Community College Foundation
The Kennebec Valley Community College Foundation is dedicated to raising funds for various purposes that benefit the Kennebec Valley Community College (KVCC). Their primary mission lies in providing scholarships to deserving KVCC students who require financial assistance. Beyond scholarships, the foundation also extends financial support to the college itself, enabling KVCC to invest in its academic programs, improve its facilities, and sustain its operational needs. Through its grant programs, the foundation supports the college's academic endeavors and capital projects, contributing to the overall growth and development of KVCC.
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Impact
July, 2024
The Kennebec Valley Community College Foundation has a significant impact in providing scholarships to qualifying Kennebec Valley Community College students and financial support to the College to enhance academic programs, capital investment, and overall college operations. Through its fundraising efforts, the Foundation plays a crucial role in supporting students in their educational pursuits and contributing to the growth and development of KVCC.
This information is meant to be a general summary of Kennebec Valley 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: $435,964
- Gross Receipts: $1,143,500
Assets and Liabilities:
- Total Assets: $5,562,726
- Total Liabilities: $33,832
- Net Assets: $5,528,894
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Organization Details
Founding Year
1991
Phone
(207) 453-5020Principal Officer
John Dalton
Main Address
92 Western Avenue, Fairfield, ME, 049371367
Website
www.kvcc.me.eduNTEE Category
Code: B82 - Education
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