Overview
What is The Colgate University Alumni Corporation?
The Colgate University Alumni Corporation is a nonprofit organization situated in Hamilton, New York, with the address 13 Oak Drive, 13346. Their primary objective, as stated on their website, is to foster lasting engagement and service among their alumni, current students, and supporters, all in an effort to enhance and advance Colgate University and its global community. This mission is achieved through their active involvement in various university events, aiming to support and uphold the educational mission of the institution.
Official website here: www.colgate.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Colgate University Alumni Corporation has received a Three-Star rating from Charity Navigator, indicating a solid but not exceptional performance in terms of accountability and finance. The score is derived entirely from an accountability and finance beacon, suggesting that these areas are central to the organization's operations. The overall fiscal health appears stable, evidenced by a 0.00% liabilities-to-assets ratio and a high program expense ratio of 89.69%.
Strengths of the organization include a fully independent board, achieving 10 out of 10 points for both the majority of board members being independent and the board size. Additionally, there are no reported instances of material diversion of assets, which contributes positively to the organization's accountability credentials. The presence of board meeting minutes and the tax form listed on their website further demonstrate transparency.
However, there are notable limitations regarding governance practices, as the organization is missing essential policies such as a conflict of interest policy and a whistleblower policy, each scoring 0 out of 7 points. These gaps may raise concerns about internal controls and ethical standards within the organization. Overall, while The Colgate University Alumni Corporation shows strengths in financial management, improvements in governance policies are needed to enhance its accountability rating further.
This AI summary has been generated from information found on Charity Navigator.
Is The Colgate University Alumni Corporation legitimate?
The Colgate University Alumni Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Colgate University Alumni Corporation 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: $23,863
For more financial information, click here
Official website here: www.colgate.edu
What is the mission statement of The Colgate University Alumni Corporation?
The Colgate University Alumni Corporation's primary mission, as stated on their website, is to foster enduring engagement and service among its alumni, undergraduates, and friends. This engagement aims to support and advance Colgate University and its global community. The corporation promotes the general welfare of the university by cultivating an active and lasting interest in its affairs. They accomplish this by sponsoring and directly involving in events with current undergraduates, with the ultimate goal of supporting the educational mission of the university.
Official website here: www.colgate.edu
What is the revenue of The Colgate University Alumni Corporation?
The Colgate University Alumni Corporation's revenue in 2024 was $83,933.
Official website here: www.colgate.edu
Who are the executives of The Colgate University Alumni Corporation and what are their salaries?
There 4777 volunteers at The Colgate University Alumni Corporation.
Here are 60 key members and their salaries:
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- Related: $98,530
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- Other: $22,785
Official website here: www.colgate.edu
Where can I find the form 990 for The Colgate University Alumni Corporation?
The Colgate University Alumni Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.colgate.edu
Learn more at the official website: www.colgate.edu
Mission Statement of The Colgate University Alumni Corporation
The Colgate University Alumni Corporation, as stated on its website, is dedicated to promoting enduring engagement and service among its alumni, undergraduates, and friends. This mission aims to foster an active and lasting interest in the university's affairs, thereby supporting and advancing Colgate University and its global community. The corporation achieves this by developing various activities that encourage alumni involvement and sponsoring events with current undergraduates. In essence, The Colgate University Alumni Corporation seeks to enhance the overall welfare of the university by fostering a strong connection between its past and present members, thereby contributing to the educational mission of the institution.
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Impact
August, 2024
The Colgate University Alumni Corporation plays a significant role in promoting enduring alumni engagement and service that supports and advances Colgate University and its global community. Through the development of an active and enduring interest in the affairs of the university among its alumni, undergraduates, and friends, the Alumni Corporation contributes to the overall welfare and educational mission of Colgate University. Their sponsorship and direct involvement in events with current undergraduates further enhance the connection between alumni and the university, creating a strong network of support and opportunities for all involved.
This information is meant to be a general summary of The Colgate University Alumni Corporation. 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: $18,785
- Program Service Revenue: $7,976
- Gross Receipts: $83,933
Assets and Liabilities:
- Total Assets: $217,406
- Total Liabilities: $15,878
- Net Assets: $201,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REUNION YEARBOOKS
Revenue
$7,976
Organization Details
Founding Year
1919
Principal Officer
Jennifer Stone
Website
www.colgate.eduNTEE Category
Code: B84Z - Education
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