Overview
What is Massachusetts College Of Liberal Arts Foundation Inc?
Massachusetts College of Liberal Arts Foundation Inc is a nonprofit organization located at 375 Church Street, North Adams, MA 01247. Its primary mission is to promote and support the educational activities of Massachusetts College of Liberal Arts (MCLA) by securing funds through various sources and dispensing them prudently. The foundation aims to enhance academic quality and ensure access to higher education for MCLA's faculty, staff, and students. By receiving and managing charitable contributions, the foundation plays a crucial role in the growth and development of MCLA.
Official website here: www.mcla.edu
What are the reviews and ratings of this charity?
97%
The Massachusetts College Of Liberal Arts Foundation Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation's impressive score reflects its commitment to transparency, with a perfect 100% in accountability and finance metrics. The organization has demonstrated strong governance, with 95% of its board members being independent, and it adheres to rigorous financial oversight practices.
Strengths noted in the rating include the absence of material diversion of assets, strong financial ratios including a low liabilities-to-assets ratio of 7.85%, and a program expense ratio of 79.11%, which suggests that a significant portion of funding is directed towards its programs. Additionally, the foundation exhibits excellent fundraising efficiency, with only $0.09 spent to raise each dollar, showcasing effective resource management.
There are no significant limitations mentioned in the available data, highlighting that the foundation operates with robust policies in place, including conflict of interest and whistleblower protections. Its financial practices indicate a strong capacity for sustainability and operational integrity, making it a reliable organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts College Of Liberal Arts Foundation Inc legitimate?
Massachusetts College Of Liberal Arts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts College Of Liberal Arts Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $247,500
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mcla.edu
What is the mission statement of Massachusetts College Of Liberal Arts Foundation Inc?
The Massachusetts College of Liberal Arts Foundation Inc. is a non-profit organization committed to fostering the growth, development, and support of Massachusetts College of Liberal Arts and its community. With a focus on academic quality, the foundation aims to ensure access to higher education for students by managing and distributing funds received through private sources and grant funding in a responsible manner. The organization's primary objective is to enhance the college and its faculty, staff, and students, contributing to their overall success and development.
Official website here: www.mcla.edu
Who is the CEO of Massachusetts College Of Liberal Arts Foundation Inc?
Robert P Ziomek is the Chair of Massachusetts College Of Liberal Arts Foundation Inc.
Official website here: www.mcla.edu
What is the revenue of Massachusetts College Of Liberal Arts Foundation Inc?
Massachusetts College Of Liberal Arts Foundation Inc's revenue in 2022 was $3,574,525.
Official website here: www.mcla.edu
Who are the executives of Massachusetts College Of Liberal Arts Foundation Inc and what are their salaries?
There 382 volunteers at Massachusetts College Of Liberal Arts Foundation Inc.
Here are 21 key members and their salaries:
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- Related: $89,345
- Other: $4,405
Official website here: www.mcla.edu
Where can I find the form 990 for Massachusetts College Of Liberal Arts Foundation Inc?
Massachusetts College Of Liberal Arts Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcla.edu
Learn more at the official website: www.mcla.edu
Mission Statement of Massachusetts College Of Liberal Arts Foundation Inc
Massachusetts College of Liberal Arts Foundation Inc is a dedicated non-profit organization, working tirelessly to support the growth, development, and well-being of Massachusetts College of Liberal Arts and its community. With a strong emphasis on academic quality, this foundation ensures the accessibility of higher education by skillfully managing and dispersing charitable contributions obtained through private sources and grant funding. The organization's primary focus is on enhancing the college, its faculty, staff, and students, striving to maintain a high standard of academic excellence.
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Impact
July, 2024
Massachusetts College Of Liberal Arts Foundation Inc's impact lies in its dedication to the growth, development, and support of Massachusetts College of Liberal Arts, its faculty, staff, and students. The foundation focuses on ensuring academic quality and access to higher education through the receipt, professional management, and prudent disbursement of funds secured through private sources and grant funding. By promoting and supporting educational activities at MCLA and providing financial aid to students through contributions from the community, alumni, and parents, the foundation plays a vital role in fostering educational excellence and opportunities for the college community.
This information is meant to be a general summary of Massachusetts College Of Liberal Arts Foundation Inc. 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 2022.
- Investment Income: $1,017,499
- Gross Receipts: $6,278,460
Assets and Liabilities:
- Total Assets: $23,042,592
- Total Liabilities: $2,128,793
- Net Assets: $20,913,799
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Organization Details
Founding Year
1977
Phone
(413) 662-5221Principal Officer
Robert P Ziomek
Main Address
375 CHURCH STREET, NORTH ADAMS, MA, 01247
Website
www.mcla.eduNTEE Category
Code: B43I - Education
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