Overview
What is Housatonic Community College Foundation Inc?
Housatonic Community College Foundation Inc is a nonprofit organization based in Bridgeport, Connecticut, with a mission to support the mission of Housatonic Community College by granting scholarships and grants to its students and backing various college programs. The foundation plays a crucial role in the community, providing financial aid primarily based on financial need, academic merit, community service, and campus leadership. Over 70% of HCC students qualify for financial aid, and 95% of students in the foundation's scholarship program meet intake guidelines and criteria. The Housatonic Community College Foundation works closely with the college to enhance the learning experience, promote workforce development education and training, and increase access to quality, affordable higher education. Its mission includes soliciting, securing, and managing contributions from the private sector to benefit HCC. The foundation strives to develop new sources of funding to meet the growing financial challenges presented by a thriving community college dedicated to educational access and success. With a limited workforce of three individuals, the foundation remains a vital resource for the HCC community.
Official website here: www.housatonic.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
Housatonic Community College Foundation Inc has achieved a strong Four-Star rating, indicating a high level of accountability and financial health. With an impressive 96 for Accountability & Finance, the foundation demonstrates effective financial management practices, which are critical for maintaining donor trust. The organization excels in its program expense ratio, indicating that a significant portion of its funding is directed towards its programs.
The foundation also received outstanding scores in constituent feedback, with a perfect 100 in all feedback-related categories, suggesting that it actively engages with and listens to its community. This reflects a strong commitment to transparency and responsiveness, which contributes to its positive reputation among stakeholders. The foundation’s equity strategies received a score of 75, indicating some room for improvement in inclusivity practices.
Despite its strengths, the foundation faces challenges in its Culture & Community score of 83, which may suggest areas where community engagement or organizational culture could be enhanced. Overall, Housatonic Community College Foundation Inc is well-regarded for its financial accountability and community engagement efforts, but continued focus on cultural inclusivity could further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Housatonic Community College Foundation Inc legitimate?
Housatonic Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housatonic 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:
Executive Compensation: $46,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,783
For more financial information, click here
Official website here: www.housatonic.edu
What is the mission statement of Housatonic Community College Foundation Inc?
The Housatonic Community College Foundation's mission is centered around supporting the institution's mission by providing scholarships and grants to its students and backing various college programs. The foundation's primary goal is to expand access to affordable higher education. It collaborates closely with the college to enhance the learning experience and workforce development education and training for students. The foundation's role involves soliciting, securing, and managing contributions from the private sector, including philanthropic individuals, corporations, and foundations, to benefit the college. Today, the foundation works in partnership with Housatonic Community College to offer a wide range of scholarships and grants to students from the Greater Bridgeport area, who are motivated to learn and strive for a better life. As the college continues to grow and thrive, the foundation also aims to meet the increasing financial challenges by developing new funding sources.
Official website here: www.housatonic.edu
Who is the CEO of Housatonic Community College Foundation Inc?
Kristy Jelenik is the Director of Housatonic Community College Foundation Inc.
Official website here: www.housatonic.edu
What is the revenue of Housatonic Community College Foundation Inc?
Housatonic Community College Foundation Inc's revenue in 2022 was $2,266,039.
Official website here: www.housatonic.edu
Who are the executives of Housatonic Community College Foundation Inc and what are their salaries?
The average compensation at Housatonic Community College Foundation Inc during 2022 was $30,401. There are 3 employees at Housatonic Community College Foundation Inc.
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Official website here: www.housatonic.edu
Where can I find the form 990 for Housatonic Community College Foundation Inc?
Housatonic Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housatonic.edu
Learn more at the official website: www.housatonic.edu
Mission Statement of Housatonic Community College Foundation Inc
The Housatonic Community College Foundation Inc, in its mission, supports the objectives of Housatonic Community College by granting scholarships and funds to its students and backing various college programs. This nonprofit organization strives to broaden access to affordable higher education and works closely with the college to enhance the learning experience and workforce development education and training of its students. Its mission involves soliciting, securing, and managing contributions from the private sector, such as philanthropic individuals, corporations, and foundations, for the benefit of Housatonic Community College.
Today, the Housatonic Community College Foundation Inc partners with the college to offer a diverse range of scholarships and grants to individuals from the greater Bridgeport area who demonstrate a desire to learn and determination to improve their lives. As Housatonic Community College continues to thrive and grow, so does the foundation. The foundation aims to develop new sources of funding to meet the financial challenges presented by a thriving community college dedicated to educational access and success. Its fundraising efforts are centered on increasing access and retention for low-income, historically marginalized students.
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Impact
July, 2024
Housatonic Community College Foundation Inc's impact is significant in expanding access to quality, affordable higher education. The foundation plays a crucial role in granting scholarships and grants to students of Housatonic Community College, primarily based on financial need, academic merit, community service, and campus leadership. With over 70% of HCC students qualifying for financial aid and 95% of students in the scholarship program meeting intake guidelines, the foundation's support is a vital resource for the college community. By partnering with HCC to bring a broad range of scholarships and grants to men and women from the greater Bridgeport area, the foundation is enabling individuals to pursue higher education and build better lives. Additionally, HCCF's fundraising efforts focus on increasing access and retention for low-income, historically marginalized students, contributing to the overall success of the college in its role as a dynamic and supportive academic institution.
This information is meant to be a general summary of Housatonic 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: $37,470
- Gross Receipts: $2,268,685
Assets and Liabilities:
- Total Assets: $2,901,380
- Total Liabilities: $119,329
- Net Assets: $2,782,051
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Organization Details
Founding Year
1990
Phone
(203) 332-5078Principal Officer
Kristy Jelenik
Main Address
900 LAFAYETTE BOULEVARD, BRIDGEPORT, CT, 066044703
Website
www.housatonic.eduNTEE Category
Code: B114 - Education
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