Overview
What is Monroe Community College Foundation Inc?
Monroe Community College Foundation Inc is a charitable organization situated in Rochester, New York, with an address at 1000 East Henrietta Road, 14623. Its primary mission is to procure private contributions to augment the college's regular funding sources. The foundation accomplishes this through various initiatives, such as offering scholarship assistance, funding faculty enrichment programs, purchasing educational equipment, and seeding innovative programs. In 2021, the foundation's support to the college amounted to $1,185,343, benefiting 582 students. Overall, Monroe Community College Foundation Inc strives to foster academic achievement, innovation, and excellence at the college through philanthropic investments.
Official website here: www.monroecc.edu/depts/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Monroe Community College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, demonstrating exceptional accountability and financial management. This rating is derived entirely from its performance in the Accountability & Finance beacon, where it scored a perfect 100%. The organization's independent board composition is particularly noteworthy, with 96% of its members being independent, ensuring unbiased governance.
Strengths highlighted in the evaluation include the foundation's strong financial oversight, with no material diversion of assets and excellent scores across various financial ratios, including a program expense ratio of 76.16%. The foundation also has robust policies in place for conflict of interest, whistleblowing, and document retention, showcasing its commitment to transparency and integrity. Its fundraising efficiency ratio indicates that it only spends $0.13 to raise each dollar, which points to effective fundraising practices.
While the data does not indicate specific limitations, the overwhelmingly positive feedback suggests that the foundation is well-managed and focused on its mission. Overall, the Monroe Community College Foundation Inc presents itself as a highly accountable and financially sound organization, making it a reliable choice for potential donors looking to support a nonprofit with strong ethical practices and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe Community College Foundation Inc legitimate?
Monroe Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe 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: $779,654
For more financial information, click here
Official website here: www.monroecc.edu/depts/foundation
What is the mission statement of Monroe Community College Foundation Inc?
The Monroe Community College Foundation's mission is to encourage philanthropic investment, aiming to enhance academic achievements, foster innovation, and uphold the mission of excellence at the college. The foundation seeks to supplement the college's traditional revenue sources through its ongoing efforts, providing scholarships, faculty enrichment programs, funding for educational equipment, and seed money for innovative programs. In 2021, the foundation offered support to the college to the tune of $1,185,343, benefiting 582 students.
Official website here: www.monroecc.edu/depts/foundation
Who is the CEO of Monroe Community College Foundation Inc?
Gretchen Wood is the Director of Monroe Community College Foundation Inc.
Official website here: www.monroecc.edu/depts/foundation
What is the revenue of Monroe Community College Foundation Inc?
Monroe Community College Foundation Inc's revenue in 2022 was $5,873,753.
Official website here: www.monroecc.edu/depts/foundation
Who are the executives of Monroe Community College Foundation Inc and what are their salaries?
There 56 volunteers at Monroe Community College Foundation Inc.
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Official website here: www.monroecc.edu/depts/foundation
Where can I find the form 990 for Monroe Community College Foundation Inc?
Monroe Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monroecc.edu/depts/foundation
Learn more at the official website: www.monroecc.edu/depts/foundation
Mission Statement of Monroe Community College Foundation Inc
Monroe Community College Foundation Inc is dedicated to soliciting philanthropic investments to enhance academic achievement, foster innovation, and uphold the mission of excellence at Monroe Community College. The primary objective of this foundation is to supplement the college's traditional revenue sources by procuring private funds through its ongoing initiatives. The foundation provides scholarship assistance, encourages faculty development through enrichment programs, finances educational equipment, and grants seed money for innovative programs. In 2021, the foundation's support to the college amounted to $1,185,343, benefiting a total of 582 students.
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Impact
October, 2024
Monroe Community College Foundation Inc significantly enhances academic achievement and innovation at Monroe Community College through strategic philanthropic investments. By securing private funding, the foundation effectively supplements traditional revenue sources, ensuring that students have access to vital resources.
In 2021 alone, the foundation provided over $1.1 million in support that impacted 582 students, demonstrating a strong commitment to education. This funding aids in various critical areas, including scholarship assistance, which helps alleviate financial burdens for students, and faculty enrichment programs that enhance teaching methodologies. Moreover, it funds essential educational equipment and provides seed money for innovative programs that foster a culture of excellence and forward-thinking within the college community.
Through its continuous efforts, the foundation plays a pivotal role in creating an enriching educational environment that promotes academic success and prepares students for their future careers.
This information is meant to be a general summary of Monroe 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: $437,924
- Gross Receipts: $9,057,917
Assets and Liabilities:
- Total Assets: $29,935,778
- Total Liabilities: $3,756,592
- Net Assets: $26,179,186
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Organization Details
Founding Year
1983
Phone
(585) 685-6020Principal Officer
Gretchen Wood
Main Address
1000 EAST HENRIETTA ROAD, ROCHESTER, NY, 14623
NTEE Category
Code: B11 - Education
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