Overview
What is Bristol Community College Foundation Inc?
Bristol Community College Foundation Inc, located at 777 ELSBREE STREET, Fall River, MA 02720, is a nonprofit organization with a mission to secure financial support for Bristol Community College. This backing helps the college cater to the evolving educational needs of its diverse community. The foundation facilitates the allocation of grants, primarily requested by faculty and staff, for special initiatives such as programs, guest speakers, professional conferences, and equipment. These endeavors have previously been outside the college's operating budget. The foundation's purpose is to enhance the college's capacity to foster lifelong learning and growth.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator rating: 89%, Three-Star out of Four Star rating.
The Bristol Community College Foundation Inc has achieved a commendable Three-Star rating, primarily based on its strong performance in Accountability and Finance, scoring 89%. This indicates a solid level of financial health and responsible governance, which is crucial for building trust with donors and stakeholders. Notably, the organization boasts a fully independent board with 95% of its members independent, contributing to effective oversight.
The foundation demonstrates strong financial practices, evident through its high program expense ratio of 89.81% and a minimal fundraising efficiency cost of just $0.03. These metrics suggest that the majority of funds raised are effectively directed towards programmatic efforts rather than administrative or fundraising costs. Additionally, the organization has no material diversion of assets and maintains transparency with comprehensive policies in place, including conflict of interest and whistleblower protections.
Despite these strengths, the foundation's liabilities to assets ratio stands at 56.42%, indicating that it has a significant amount of liabilities compared to its assets. This may raise some concerns regarding financial stability, but the overall picture remains positive due to the organization's high levels of accountability and efficient operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Bristol Community College Foundation Inc legitimate?
Bristol Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bristol Community College 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:
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For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Bristol Community College Foundation Inc?
The Bristol Community College Foundation's mission is to secure financial support, aiming to enhance the capacity of Bristol Community College to cater to the lifelong educational needs of the evolving communities it serves. The foundation accomplishes this by granting funds, which are often requested by faculty and staff, for special programs, guest speakers, professional conferences, and necessary equipment that can no longer be funded through the college's operating budget.
Official website here: www.see schedule o
Who is the CEO of Bristol Community College Foundation Inc?
Thomas P Murray is the President of Bristol Community College Foundation Inc.
Official website here: www.see schedule o
What is the revenue of Bristol Community College Foundation Inc?
Bristol Community College Foundation Inc's revenue in 2022 was $2,292,691.
Official website here: www.see schedule o
Who are the executives of Bristol Community College Foundation Inc and what are their salaries?
There 39 volunteers at Bristol Community College Foundation Inc.
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Official website here: www.see schedule o
Where can I find the form 990 for Bristol Community College Foundation Inc?
Bristol Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Bristol Community College Foundation Inc
Bristol Community College Foundation Inc is committed to securing financial backing to enhance Bristol Community College's capacity to cater to the lifelong education needs of the evolving communities it serves. The organization's mission is to bridge the gap where regular funding through the college operating budget falls short. This is achieved by funding special programs, seminars, expert speakers, professional conferences, and necessary equipment that contribute to the college's educational endeavors. The grants awarded by the foundation are a testament to its dedication to enriching the educational experience, ensuring that Bristol Community College remains at the forefront of meeting the changing needs of its community.
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Impact
July, 2024
Bristol Community College Foundation Inc plays a crucial role in enhancing Bristol Community College's ability to meet the lifelong education needs of the communities it serves. Through grants awarded for special programs, speakers, professional conferences, and equipment, the Foundation ensures that faculty and staff have the resources necessary to provide valuable educational experiences beyond what the college's operating budget can cover. This support directly benefits students by enriching their learning opportunities and helping to ensure the college can adapt to the changing needs of its community.
This information is meant to be a general summary of Bristol Community College 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: $867,116
- Gross Receipts: $9,824,974
Assets and Liabilities:
- Total Assets: $20,944,384
- Total Liabilities: $4,554,601
- Net Assets: $16,389,783
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Organization Details
Founding Year
1980
Phone
(774) 357-2235Principal Officer
Thomas P Murray
Main Address
777 ELSBREE STREET, FALL RIVER, MA, 02720
Website
www.see schedule oNTEE Category
Code: B41I - Education
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