Overview
What is The Hunter College Foundation Inc?
The Hunter College Foundation is a New York-based nonprofit organization dedicated to enhancing Hunter College's reputation as a leading public educational institution. With a staff of 188 individuals, they support the college by promoting its schools, programs, centers, and campuses, cultivating relationships for funding, engaging with current and potential donors, managing investments, and ensuring the utilization of restricted funds for donor-designated purposes. Their efforts extend to various aspects of support, including faculty recruitment, student access, and program development. Additionally, they focus on material, technology, and equipment acquisitions, as well as facility development and maintenance. The foundation's board, composed of distinguished alumni and community and business leaders, works towards raising the college's public image and securing funds to further strengthen the institution.
Official website here: www.hunter.cuny.edu/hunter-college-foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 85% (Three-Star out of Four Star rating)
The Hunter College Foundation Inc has received an 85% rating, reflecting strong performance in accountability and finance. The organization demonstrates a high level of transparency with 100% of its board members being independent and a solid structure in place for financial oversight, which includes an Audit and Oversight Committee. Additionally, it has no recorded material diversions of assets, indicating ethical management of resources.
The foundation excels in maintaining low fundraising costs and a high program expense ratio, with 87.83% of its expenses directed towards programs. This efficiency is further underscored by a fundraising efficiency ratio of only $0.03, meaning that it spends minimal amounts to raise funds. The foundation also has a substantial working capital ratio of 10.87 years, showcasing its financial health and sustainability.
While the overall score reflects strengths in governance and financial management, there are no significant limitations noted in the data. The high scores across various accountability metrics provide reassurance to donors about the integrity and efficacy of the Hunter College Foundation's operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Hunter College Foundation Inc legitimate?
The Hunter College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hunter 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: $108,165
Other Salaries and Wages: $3,295,027
For more financial information, click here
Official website here: www.hunter.cuny.edu/hunter-college-foundation
What is the mission statement of The Hunter College Foundation Inc?
The Hunter College Foundation works to advance Hunter College as a leading public educational institution. With a board composed of distinguished alumni and community leaders, the Foundation's mission is to raise the college's public image and generate funds for its strengthening. The Foundation engages in activities such as promoting Hunter College, cultivating donor relationships, managing investments, and ensuring the utilization of restricted funds according to donor intentions. Areas of support include faculty recruitment, student scholarships, support services, program development, and facility development and maintenance.
Official website here: www.hunter.cuny.edu/hunter-college-foundation
Who is the CEO of The Hunter College Foundation Inc?
Cathy Weinroth is the Chair of The Hunter College Foundation Inc.
Official website here: www.hunter.cuny.edu/hunter-college-foundation
What is the revenue of The Hunter College Foundation Inc?
The Hunter College Foundation Inc's revenue in 2022 was $37,248,838.
Official website here: www.hunter.cuny.edu/hunter-college-foundation
Who are the executives of The Hunter College Foundation Inc and what are their salaries?
The average compensation at The Hunter College Foundation Inc during 2022 was $17,527. There are 188 employees and 371 volunteers at The Hunter College Foundation Inc.
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Official website here: www.hunter.cuny.edu/hunter-college-foundation
Where can I find the form 990 for The Hunter College Foundation Inc?
The Hunter College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hunter.cuny.edu/hunter-college-foundation
Learn more at the official website: www.hunter.cuny.edu/hunter-college-foundation
Mission Statement of The Hunter College Foundation Inc
The Hunter College Foundation, a distinguished organization, is dedicated to advancing Hunter College's reputation as a leading public educational institution. This mission encompasses all aspects of the college, including its schools, programs, centers, and campuses. The Foundation plays an active role in promoting Hunter College, cultivating relationships with donors, and managing investments.
In support of this mission, the Foundation provides various areas of assistance. One such area focuses on faculty recruitment, development, and retention. This investment in the academic community helps to attract and retain top talent, leading to a stronger educational environment for students. Additionally, the Foundation offers resources for accessing higher education, providing scholarships and fellowships for qualified students. Student support services are also a priority, ensuring that students have the necessary tools to succeed academically.
Moreover, the Foundation supports program development, providing essential material, technology, and equipment resources. Facility development and maintenance are also crucial, ensuring that the college's infrastructure remains in optimal condition. By engaging in these activities, the Hunter College Foundation enhances the college's position as a premier educational institution, committed to the success and growth of its students and academic community.
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Impact
October, 2024
The Hunter College Foundation Inc significantly enhances Hunter College's position as a premier public educational institution through a multifaceted approach. By actively promoting the college and its diverse schools, programs, and centers, the Foundation fosters a greater public understanding and appreciation of the institution.
The Foundation cultivates valuable relationships that lead to essential funding, enabling it to effectively engage current and potential donors in the college's activities. Through judicious management of investments, the Foundation ensures that donor-restricted funds are utilized purposefully, directly benefitting areas like faculty recruitment, student scholarships, and program development.
One key impact of the Foundation is its support for facility renovations and upgrades, ensuring state-of-the-art learning environments for students. This includes the renovation of the library, enhancements to classrooms and laboratories, and the acquisition of modern technology and equipment. Such improvements are vital in providing students with the resources they need to succeed academically.
Overall, the Hunter College Foundation plays a crucial role in fostering student support services, enhancing educational programs, and maintaining a commitment to creating an inclusive and excellent academic experience for all students at Hunter College.
This information is meant to be a general summary of The Hunter 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: $8,353,264
- Gross Receipts: $57,765,375
Assets and Liabilities:
- Total Assets: $144,509,988
- Total Liabilities: $1,429,690
- Net Assets: $143,080,298
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Organization Details
Founding Year
1991
Phone
(212) 650-3607Principal Officer
Cathy Weinroth
Main Address
695 PARK AVENUE HE1313, NEW YORK, NY, 10021
NTEE Category
Code: B114 - Education
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