Overview
What is Charter Oak State College Foundation Inc?
Charter Oak State College Foundation Inc, based in New Britain, Connecticut, is a nonprofit organization dedicated to supporting flexible and comprehensive degree completion opportunities for adults. They are particularly committed to low-income students and those underemployed, providing them with scholarships, grants, and financial assistance through private donations. Their most notable program, Women in Transition (WIT), was established in 2000. This initiative aims to break the cycle of poverty by eliminating financial barriers, covering tuition, fees, books, and providing necessary technology and access. The program also addresses home front challenges and offers academic support, tutoring, and coaching, enabling students to focus on their studies and complete their degrees. The Foundation's mission also includes encouraging technological innovations that position Charter Oak State College as a leader in higher education.
Official website here: www.charteroak.edu/foundation/
Is Charter Oak State College Foundation Inc legitimate?
Charter Oak State College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charter Oak State 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.
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Official website here: www.charteroak.edu/foundation/
What is the mission statement of Charter Oak State College Foundation Inc?
The Charter Oak State College Foundation's mission is centered around supporting flexible and comprehensive degree completion opportunities for adults and advocating for technology innovations within higher education. The foundation serves as a platform for accepting private donations, which are then utilized to award scholarships, grants, and financial aid to deserving, low-income, or underemployed adult students. Additionally, the foundation encourages technological initiatives that position Charter Oak State College as a leader in the higher education sector.
One of its notable programs is the Women in Transition (WIT) initiative, established in 2000. This initiative aims to break the cycle of poverty for low-income single mothers by providing financial aid, covering tuition, fees, and books, and offering necessary technology and access. The program also addresses practical challenges such as childcare, transportation, and academic support, thereby strategically removing obstacles, enabling students to focus on their studies and achieve degree completion. The WIT program awards assistance to approximately 35 women each academic year.
Official website here: www.charteroak.edu/foundation/
Who is the CEO of Charter Oak State College Foundation Inc?
Joyce Petrella is the President of Charter Oak State College Foundation Inc.
Official website here: www.charteroak.edu/foundation/
What is the revenue of Charter Oak State College Foundation Inc?
Charter Oak State College Foundation Inc's revenue in 2022 was $245,523.
Official website here: www.charteroak.edu/foundation/
Who are the executives of Charter Oak State College Foundation Inc and what are their salaries?
There 20 volunteers at Charter Oak State College Foundation Inc.
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Official website here: www.charteroak.edu/foundation/
Where can I find the form 990 for Charter Oak State College Foundation Inc?
Charter Oak State College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.charteroak.edu/foundation/
Learn more at the official website: www.charteroak.edu/foundation/
Mission Statement of Charter Oak State College Foundation Inc
Charter Oak State College Foundation Inc is committed to supporting flexible and comprehensive degree completion opportunities for adults and fostering technology innovations through Charter Oak State College. The foundation serves as a platform for accepting private gifts, donations, and bequests with the aim of Awarding scholarships, grants, and financial assistance to deserving, low-income, or underemployed adult students. By doing so, it encourages technological initiatives that enable the college to lead in higher education.
One of the foundation's notable programs is the Women in Transition (WIT) program, established in 2000. This program aims to break the cycle of poverty by assisting low-income single mothers in earning a college degree with minimal debt. By covering tuition, fees, books, and providing necessary technology and access, the program strategically removes hindrances, enabling students to focus on their studies and reach degree completion. The foundation's support and resources include addressing home front, childcare, and transportation challenges, as well as offering academic support, tutoring, and coaching. This holistic approach enables students to overcome barriers and achieve their educational goals.
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Impact
October, 2024
Charter Oak State College Foundation Inc significantly impacts adult education, particularly for low-income single mothers, through its innovative Women in Transition (WIT) program. Established in 2000, the WIT program addresses the challenges faced by these women, such as financial constraints, childcare needs, and transportation issues, by providing comprehensive support that includes covering the costs of tuition, fees, and books. Additionally, the program equips participants with the necessary technology and access to resources, ensuring that they can focus on their studies without the burden of financial stress.
By strategically removing barriers to education, the foundation enables approximately 35 women each academic year to pursue and achieve their college degrees with little to no debt. This not only empowers individuals to improve their own economic situations but also helps break the cycle of poverty within families, fostering long-term social and economic benefits.
Moreover, the foundation plays a vital role in supporting technological innovations within Charter Oak State College, enhancing the institution's capacity to provide flexible and comprehensive degree completion opportunities. Through private gifts, donations, and bequests, the foundation secures funding for scholarships and grants, ensuring that deserving adult students have access to the resources they need to succeed. This commitment to education and empowerment reflects a broader mission to lead in higher education and provide transformative opportunities for underserved populations.
This information is meant to be a general summary of Charter Oak State 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: $121,065
- Gross Receipts: $890,127
Assets and Liabilities:
- Total Assets: $2,434,416
- Total Liabilities: $7,662
- Net Assets: $2,426,754
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Organization Details
Founding Year
1977
Phone
(860) 515-3889Principal Officer
Joyce Petrella
Main Address
55 PAUL MANAFORT DRIVE, NEW BRITAIN, CT, 06053
NTEE Category
Code: B42 - Education
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