Overview
What is Eugenio Maria De Hostos Community College Foundation?
The Eugenio Maria De Hostos Community College Foundation is a 501(c)(3) not-for-profit corporation located in the Bronx, New York, at 500 Grand Concourse, 10451. The foundation's primary mission is to support and advance the educational and research activities of Eugenio Maria De Hostos Community College of the City University of New York. In fiscal year 2022, they successfully raised over $1.5 million through grants and events, which were allocated towards student scholarships and the college's educational mission. The foundation encourages charitable contributions through various means, including gifts, scholarships, endowments, grants, bequests, and other funds. The Board of Directors manages the foundation's operations, property affairs, and concerns, actively promoting fundraising activities and making recommendations regarding the acceptance of monies, grants, securities, and other donations.
Official website here: www.hostos.cuny
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star Rating.
The Eugenio Maria De Hostos Community College Foundation has achieved a remarkable score of 97%, underscoring its strong performance in accountability and financial stewardship. The organization boasts a fully independent board, which is essential for governance integrity, and has scored top marks across a range of financial metrics, indicating prudent management of its resources.
Strengths highlighted include a high program expense ratio of 76.70%, showcasing a commitment to utilizing the majority of its resources towards its charitable mission. Additionally, the foundation has demonstrated exceptional fundraising efficiency, managing to maintain zero costs in order to raise funds, which is a significant indicator of effective operational management.
Despite these strengths, it’s crucial for potential donors and stakeholders to remain aware of any challenges the organization may face in the future, including maintaining its independence and financial health as it scales its operations. Overall, the foundation is positioned as a highly accountable and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Eugenio Maria De Hostos Community College Foundation legitimate?
Eugenio Maria De Hostos Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eugenio Maria De Hostos Community College Foundation 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.hostos.cuny
What is the mission statement of Eugenio Maria De Hostos Community College Foundation?
The Eugenio Maria De Hostos Community College Foundation is a charitable organization established to support and advance the educational and research activities of Eugenio Maria De Hostos Community College. The foundation operates as a 501(c)(3) not-for-profit corporation and primarily seeks assistance through donations, grants, endowments, and bequests. The Board of Directors oversees the foundation's management and actively promotes fundraising activities in accordance with the foundation by-laws. The board makes recommendations regarding the acceptance of monies, grants, securities, and other donations for the college.
Official website here: www.hostos.cuny
What is the revenue of Eugenio Maria De Hostos Community College Foundation?
Eugenio Maria De Hostos Community College Foundation's revenue in 2024 was $2,671,828.
Official website here: www.hostos.cuny
Who are the executives of Eugenio Maria De Hostos Community College Foundation and what are their salaries?
There 18 volunteers at Eugenio Maria De Hostos Community College Foundation.
Here are 22 key members and their salaries:
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- Related: $283,560
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- Other: $83,160
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- Other: $123,480
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- Related: $129,310
- Other: $65,172
Official website here: www.hostos.cuny
Where can I find the form 990 for Eugenio Maria De Hostos Community College Foundation?
Eugenio Maria De Hostos Community College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hostos.cuny
Learn more at the official website: www.hostos.cuny
Mission Statement of Eugenio Maria De Hostos Community College Foundation
The Eugenio Maria De Hostos Community College Foundation is a 501(c)(3) not-for-profit corporation dedicated to supporting the educational and research activities of Eugenio Maria De Hostos Community College of the City University of New York. The Foundation's primary goal is to encourage assistance through various means such as gifts, scholarships, subsidies, endowments, grants, bequests, and other funds.
The Foundation's Board of Directors oversees the management of its operations, property affairs, and concerns. Actively promoting fundraising activities is a significant responsibility for the Board, which aligns with the Foundation's by-laws as stated in its certificate of incorporation. The Board makes recommendations regarding the acceptance of monies, grants, securities, and any other donations, furthering the Foundation's mission.
In essence, the Eugenio Maria De Hostos Community College Foundation serves as a vital partner to the college, enabling it to thrive through the generosity of donors. By accepting and managing donations, the Foundation ensures that the college has the necessary resources to continue providing quality education and conducting essential research. The Foundation's unwavering commitment to supporting Eugenio Maria De Hostos Community College is a testament to its dedication to the advancement of education and knowledge.
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Impact
October, 2024
The Eugenio Maria De Hostos Community College Foundation significantly enhances the educational landscape of Hostos Community College in the Bronx, NY. In fiscal year 2022, the Foundation raised over $1.5 million, which was dedicated entirely to student scholarships and the overall educational mission of the college. This financial support directly impacts students by providing them with the necessary resources to pursue their academic goals, thereby fostering a more equitable and accessible learning environment.
By offering scholarships and funding educational initiatives, the Foundation not only alleviates financial burdens for students but also promotes academic excellence and innovation within the college. The Board of Directors plays a crucial role in guiding the Foundation's activities, focusing on effective fundraising strategies that align with the college's mission. By encouraging gifts, grants, and other forms of financial support, the Foundation cultivates a robust community of donors who are invested in the success of Hostos Community College and its students. This collaborative effort ultimately enriches the educational experience and contributes to the broader goal of empowering individuals through learning and research.
This information is meant to be a general summary of Eugenio Maria De Hostos Community College Foundation. 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 2024.
- Investment Income: $420,718
- Gross Receipts: $3,232,135
Assets and Liabilities:
- Total Assets: $18,047,830
- Total Liabilities: $904,796
- Net Assets: $17,143,034
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Organization Details
Founding Year
1981
Principal Officer
Daisy Cocco De Filippis
Website
www.hostos.cunyNTEE Category
Code: A200 - Arts
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