Overview
What is Mohawk Valley Community College Foundation Inc?
Mohawk Valley Community College Foundation Inc is a 501(C)(3) nonprofit organization, established in 1966, situated in Utica, New York. Their primary mission is to secure private sector support to supplement and enhance public funding at Mohawk Valley Community College. The foundation serves as a repository for all private, non-governmental gifts and support received on behalf of the college. They accomplish this by soliciting, accepting, managing, investing, and distributing contributions, maintaining regular communication with donors and prospects. The foundation's vital role is to provide funding for students through various scholarships, contributing to initiatives that promote the college and enrich its student body.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Mohawk Valley Community College Foundation Inc holds an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The foundation demonstrates a high level of transparency with 100% independent board members, robust financial oversight, and comprehensive policies in place for conflict of interest, whistleblower protection, and document retention.
Strengths include a solid program expense ratio of 85.58%, suggesting that the majority of funds are directed toward its programs. Furthermore, the organization has a low liabilities to assets ratio of 4.93%, reflecting good financial health and effective asset management. These metrics contribute to the foundation's reputation as a reliable and responsible nonprofit.
While the financial practices are commendable, continued vigilance in maintaining these standards will ensure sustained trust and support from the community. Overall, the Mohawk Valley Community College Foundation Inc exemplifies a strong commitment to its mission and effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Mohawk Valley Community College Foundation Inc legitimate?
Mohawk Valley Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mohawk Valley 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:
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What is the mission statement of Mohawk Valley Community College Foundation Inc?
The Mohawk Valley Community College Foundation, established in 1966, is a 501(c)(3) nonprofit organization with a mission to secure private sector support to supplement and enhance public funding for Mohawk Valley Community College. The foundation solicits, accepts, manages, invests, and distributes contributions while maintaining regular communication with donors and prospects. Acting as a repository for all private, non-governmental gifts and support received on behalf of the college, the foundation plays a crucial role in enhancing the educational resources available to students.
Who is the CEO of Mohawk Valley Community College Foundation Inc?
Deanna Ferro-Aurience is the President of Mohawk Valley Community College Foundation Inc.
What is the revenue of Mohawk Valley Community College Foundation Inc?
Mohawk Valley Community College Foundation Inc's revenue in 2022 was $1,734,789.
Who are the executives of Mohawk Valley Community College Foundation Inc and what are their salaries?
Here are 18 key members and their salaries:
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- Related: $77,225
- Other: $11,977
Where can I find the form 990 for Mohawk Valley Community College Foundation Inc?
Mohawk Valley Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mohawk Valley Community College Foundation Inc
Mohawk Valley Community College Foundation, established in 1966, serves as a nonprofit corporation with a mission to secure private sector support for Mohawk Valley Community College. This mission aims to supplement and enhance public funding at the college. The foundation acts as a repository for all private, non-governmental gifts and support received on behalf of the college. It solicits, accepts, manages, invests, and distributes contributions while maintaining regular communication with donors and prospects. The foundation's role is crucial in supporting the college by leveraging private resources to enhance its overall operations and development.
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Impact
October, 2024
Mohawk Valley Community College Foundation Inc has a significant impact on the educational landscape by enhancing funding opportunities for students and promoting initiatives that enrich the student experience at Mohawk Valley Community College. Since its establishment in 1966, the Foundation has successfully secured private sector support, which supplements public funding and allows the college to expand its offerings and resources.
The Foundation plays a pivotal role in providing scholarships to students, making higher education more accessible and helping to alleviate financial burdens. This support not only empowers students to pursue their academic goals but also fosters a more diverse and inclusive learning environment.
Additionally, the Foundation invests in various initiatives aimed at promoting Mohawk Valley Community College and its mission. By enhancing the overall student experience and supporting college programs, the Foundation strengthens the educational community and contributes to the personal and professional growth of its students. In this way, Mohawk Valley Community College Foundation Inc serves as a crucial partner in the advancement and enrichment of education in the region.
This information is meant to be a general summary of Mohawk Valley 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: $209,453
- Gross Receipts: $2,837,061
Assets and Liabilities:
- Total Assets: $9,046,349
- Total Liabilities: $228,568
- Net Assets: $8,817,781
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Organization Details
Founding Year
1966
Phone
(315) 792-5444Principal Officer
Deanna Ferro-Aurience
Main Address
1101 SHERMAN DRIVE, UTICA, NY, 13501
NTEE Category
Code: B11 - Education
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