Overview
What is Erie Community College Foundation Inc?
Erie Community College Foundation Inc is a nonprofit organization situated at 121 Elliott Street Room 160, Buffalo, New York 14203. Their primary mission is to raise funds for various initiatives, including scholarships for students at Erie Community College. This support extends to capital projects, faculty enrichment programs, and innovative educational and workforce development projects. The organization also engages with alumni and former students through special events, reunions, and professional development opportunities. With a team of five dedicated individuals, the Erie Community College Foundation Inc plays a significant role in enhancing educational opportunities and fostering career growth within the community.
Official website here: www.ecc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating from Charity Navigator.
The Erie Community College Foundation Inc has received a Three-Star rating, reflecting a good level of accountability and finance management. The foundation’s score is derived solely from its performance on the Accountability & Finance beacon, indicating a strong focus on these aspects. Notably, the organization has a fully independent board, which contributes positively to its governance structure.
Strengths of the foundation include a robust audit and oversight committee and a solid conflict of interest policy. The absence of material diversion of assets and a favorable liabilities to assets ratio are also commendable, suggesting good financial health. Additionally, the foundation maintains transparency by documenting board meeting minutes and having its website information aligned with tax requirements.
However, the foundation's program expense ratio of 59.36% indicates that while it does allocate a reasonable amount of resources to its programs, there may be room for improvement in maximizing program expenditures relative to fundraising and administrative costs. This could enhance the overall impact of its initiatives. Overall, the foundation demonstrates a strong commitment to accountability and transparency, which are essential for donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Erie Community College Foundation Inc legitimate?
Erie Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie 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: $119,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,943
For more financial information, click here
Official website here: www.ecc.edu
What is the mission statement of Erie Community College Foundation Inc?
The Erie Community College Foundation's mission is centered around fundraising with a focus on providing scholarships, supporting capital projects, and enhancing faculty development programs. It also invests in innovative educational and workforce development initiatives. The organization extends its support to alumni and former students through special events, reunions, and professional development opportunities.
Official website here: www.ecc.edu
What is the revenue of Erie Community College Foundation Inc?
Erie Community College Foundation Inc's revenue in 2024 was $1,427,319.
Official website here: www.ecc.edu
Who are the executives of Erie Community College Foundation Inc and what are their salaries?
The average compensation at Erie Community College Foundation Inc during 2024 was $80,592. There are 4 employees and 15 volunteers at Erie Community College Foundation Inc.
Here are 16 key members and their salaries:
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Official website here: www.ecc.edu
Where can I find the form 990 for Erie Community College Foundation Inc?
Erie Community College Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ecc.edu
Learn more at the official website: www.ecc.edu
Mission Statement of Erie Community College Foundation Inc
The Erie Community College Foundation, a notable nonprofit organization, is dedicated to raising funds for various initiatives. Its mission encompasses providing scholarships, supporting capital projects, fostering faculty enrichment programs, and encouraging innovative educational and workforce development projects. Furthermore, this organization extends its support to alumni and former students through special events, reunions, and professional development opportunities. By doing so, the Erie Community College Foundation aims to empower its community and contribute to their overall growth and success.
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Impact
October, 2024
Erie Community College Foundation Inc significantly enhances educational opportunities for students in Buffalo, NY, by providing crucial financial support through scholarships. This funding enables students to pursue their academic goals without the burden of excessive debt, making higher education more accessible.
In addition to scholarships, the Foundation invests in capital projects and faculty enrichment programs, which improve the overall quality of education at Erie Community College. By fostering innovations in educational and workforce development initiatives, the Foundation helps to ensure that curricula remain relevant to the needs of the local economy.
The Foundation also plays a vital role in building a strong alumni network, offering support through special events, reunions, and professional development opportunities. This engagement not only strengthens connections among former students but also encourages a culture of giving back, further amplifying the positive impact on the college community. Overall, the Erie Community College Foundation Inc is a key player in driving educational success and community development in the region.
This information is meant to be a general summary of Erie 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 2024.
- Investment Income: $87,625
- Gross Receipts: $3,247,318
Assets and Liabilities:
- Total Assets: $5,931,153
- Total Liabilities: $17,754
- Net Assets: $5,913,399
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Organization Details
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