Overview
What is Nassau Community College Foundation Inc?
Nassau Community College Foundation Inc is a New York State-established, not-for-profit organization located at 364 Rice Circle, Garden City, NY 11530. Its primary mission is to manage and administer various scholarship funds, disbursing grants to students attending Nassau Community College. The foundation's activities involve accepting, holding, investing, and administering funds from donations, bequests, devises, and fundraising events. These funds are subsequently used for scholarships, operating and capital expenditures, and faculty and staff development at Nassau Community College. The foundation's efforts mainly focus on providing financial support to enhance the educational experience of its students.
Official website here: www.ncc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
Nassau Community College Foundation Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored highly in various categories, including independent board member representation and financial oversight, indicating a commitment to governance and transparency.
The foundation boasts a strong accountability score of 88%, with excellent marks for its board structure and the absence of material asset diversion. Additionally, the foundation maintains a high program expense ratio, demonstrating that a significant portion of its resources is dedicated to its mission-focused activities, which is a positive indicator for potential donors.
However, the foundation does have some areas for improvement, notably the absence of a whistleblower policy and document retention guidelines. Addressing these limitations could enhance its governance framework and further increase confidence among stakeholders. Overall, the Nassau Community College Foundation Inc presents itself as a responsible nonprofit with a focus on effective management and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Nassau Community College Foundation Inc legitimate?
Nassau Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nassau 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ncc.edu
What is the mission statement of Nassau Community College Foundation Inc?
The Nassau Community College Foundation Inc, established under New York state law, serves as a non-profit organization with the primary purpose of managing funds and properties received through donations, bequests, devises, or fundraising activities. Its main objective is to benefit Nassau Community College by disbursing or donating the income or principal for various purposes. This includes providing scholarships and grants to faculty and students, funding operational and capital expenditures for the college, and offering financial assistance for the continuous development of the faculty and staff, as well as the college's programs.
Official website here: www.ncc.edu
Who is the CEO of Nassau Community College Foundation Inc?
Michael Mcginty is the Principal Officer of Nassau Community College Foundation Inc.
Official website here: www.ncc.edu
What is the revenue of Nassau Community College Foundation Inc?
Nassau Community College Foundation Inc's revenue in 2022 was $1,090,004.
Official website here: www.ncc.edu
Who are the executives of Nassau Community College Foundation Inc and what are their salaries?
There 19 volunteers at Nassau Community College Foundation Inc.
Here are 22 key members and their salaries:
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Official website here: www.ncc.edu
Where can I find the form 990 for Nassau Community College Foundation Inc?
Nassau Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncc.edu
Learn more at the official website: www.ncc.edu
Mission Statement of Nassau Community College Foundation Inc
Nassau Community College Foundation Inc, a not-for-profit organization established under the laws of New York State, is principally dedicated to accepting, holding, investing, and administering funds derived from donations, bequests, devises, and fundraising activities. The primary objective of this foundation is to disburse or donate the income or principal of these funds for the benefit of Nassau Community College. This encompasses various activities, such as granting scholarships to faculty and students, providing financial aid for the college's operating and capital expenditures, and offering support for the continuing development of the college's faculty and staff and its programs. In essence, Nassau Community College Foundation Inc plays a crucial role in bolstering the educational institution by leveraging its resources to foster growth and opportunities for its community.
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Impact
July, 2024
Nassau Community College Foundation Inc's impact lies in its steadfast commitment to supporting and enriching Nassau Community College. Through its various scholarship funds, the foundation administers and disburses scholarship grants to the students of Nassau Community College, thereby providing opportunities for educational advancement and achievement. Additionally, the foundation plays a vital role in providing grants to the college for both operating and capital expenditures, contributing to the overall growth and development of the institution. By fostering a culture of philanthropy and investment in education, Nassau Community College Foundation Inc empowers students, faculty, and programs to thrive and succeed.
This information is meant to be a general summary of Nassau 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: $86,440
- Gross Receipts: $1,093,457
Assets and Liabilities:
- Total Assets: $5,146,099
- Total Liabilities: $638,788
- Net Assets: $4,507,311
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Organization Details
Founding Year
1983
Phone
(516) 572-7943Principal Officer
Michael Mcginty
Main Address
364 RICE CIRCLE, GARDEN CITY, NY, 11530
Website
www.ncc.eduNTEE Category
Code: B41I - Education
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