Overview
What is Manchester Community College Foundation Inc?
Manchester Community College Foundation Inc is a nonprofit organization based in Manchester, Connecticut. Their primary mission is to support the students of Manchester Community College, offering educational merit and financially based scholarships. The foundation typically grants over $350,000 annually to over 500 students seeking assistance for their educational pursuits. Their support extends to maintaining the level of excellence in various programs, such as Culinary Arts and Hospitality, Fine Arts, Allied Health, Engineering and Technology, and many others. By providing resources, the foundation enhances the educational experiences and training, preparing students to enter the workforce with the necessary skills demanded by employers.
Official website here: www.manchestercc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star rating
Manchester Community College Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization boasts an impressive Accountability & Finance score of 83%, reflecting strong governance practices, such as 100% independent board members and an effective audit committee. Its program expense ratio of 83.59% highlights a strong commitment to funding its programs rather than administrative costs.
In addition to financial health, the Foundation excels in its Culture & Community score of 86, which is bolstered by perfect scores in constituent feedback collection and usage. This demonstrates the Foundation's dedication to community engagement and responsiveness to stakeholder input. Their policies on conflict of interest and whistleblowing further emphasize their commitment to integrity and ethical practices.
While the organization shows excellent performance overall, the Equity Strategies Score of 79 suggests there may be room for improvement in their approach to equity and inclusion. Overall, the Manchester Community College Foundation Inc is recognized for its solid operational practices and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Manchester Community College Foundation Inc legitimate?
Manchester Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manchester 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.
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Official website here: www.manchestercc.edu/foundation
What is the mission statement of Manchester Community College Foundation Inc?
Manchester Community College Foundation's mission is to support Manchester Community College in achieving its goals by securing funding for various programs, scholarships, and equipment. The foundation's objective is to advance the academic, economic, and personal growth of diverse populations. By providing financial aid through merit-based and needs-based scholarships, the foundation assists over 500 students annually in pursuing their education. The foundation also supports the college's programs in areas such as culinary arts and hospitality, fine arts, allied health, engineering, and technology. The funding provided by the foundation enhances these programs, ensuring they offer high-quality educational experiences and training, preparing students for the workforce with the skills employers require.
Official website here: www.manchestercc.edu/foundation
Who is the CEO of Manchester Community College Foundation Inc?
Peter Grose is the President of Manchester Community College Foundation Inc.
Official website here: www.manchestercc.edu/foundation
What is the revenue of Manchester Community College Foundation Inc?
Manchester Community College Foundation Inc's revenue in 2023 was $916,664.
Official website here: www.manchestercc.edu/foundation
Who are the executives of Manchester Community College Foundation Inc and what are their salaries?
There 30 volunteers at Manchester Community College Foundation Inc.
Here are 19 key members and their salaries:
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Official website here: www.manchestercc.edu/foundation
Where can I find the form 990 for Manchester Community College Foundation Inc?
Manchester Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.manchestercc.edu/foundation
Learn more at the official website: www.manchestercc.edu/foundation
Mission Statement of Manchester Community College Foundation Inc
Manchester Community College Foundation, in its mission, plays a crucial role in supporting Manchester Community College (MCC) in achieving its objectives. The foundation accomplishes this by securing funding sources to aid the college in attaining its mission and goals. By doing so, it contributes to the academic, economic, and personal growth of diverse populations.
The Manchester Community College Foundation extends financial assistance to MCC students through merit-based and financially-based scholarships. Typically, the foundation grants over $350,000 annually to over 500 students who apply for aid in furthering their educational pursuits. Besides scholarships, the foundation also supports MCC's programs, ensuring they maintain a high level of excellence. Some of the programs the foundation supports include Culinary Arts and Hospitality, Fine Arts, Allied Health, Engineering and Technology, and many others. By providing funding, these programs have the resources to offer exceptional educational experiences and training, preparing students to enter the workforce with the knowledge and instruction that today's employers require.
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Impact
July, 2024
Manchester Community College Foundation Inc greatly impacts the academic, economic, and personal growth of diverse populations by providing financial support to Manchester Community College programs, scholarships, and equipment. The foundation plays a crucial role in assisting students through educational merit and financially based scholarships, granting over $350,000 per year to more than 500 students. By supporting programs such as culinary arts and hospitality, fine arts, allied health, engineering and technology, among others, the foundation ensures that students receive excellent educational experiences and training that equip them with the knowledge and skills required by employers today and in the future.
This information is meant to be a general summary of Manchester 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 2023.
- Investment Income: $414,150
- Gross Receipts: $5,486,387
Assets and Liabilities:
- Total Assets: $16,810,180
- Total Liabilities: $50,254
- Net Assets: $16,759,926
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Organization Details
Founding Year
1968
Phone
(860) 512-2903Principal Officer
Peter Grose
Main Address
PO BOX 1046, MANCHESTER, CT, 06045
NTEE Category
Code: B11 - Education
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