Overview
What is Herkimer County College Foundation Inc?
Herkimer County College Foundation Inc is a nonprofit organization situated in Herkimer, New York, at Reservoir Road. Their primary mission is to support and benefit Herkimer County Community College and its students. This support encompasses various aspects, such as providing housing for the college's students. The foundation's activities aim to contribute positively to the college and its students, ensuring their success and well-being.
Official website here: www.herkimer.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%
Herkimer County College Foundation Inc has received a strong Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score of 91%, the organization demonstrates solid governance practices, including a board that is 80% independent and various policies that promote transparency and ethical behavior.
The foundation has performed well in key areas, including the management of its financial statements and the absence of material diversion of assets, both of which contribute positively to its reputation. Furthermore, it maintains a low liabilities to assets ratio of 23.40%, suggesting effective financial management and sustainability.
However, while the Program Expense Ratio is 66.01%, which indicates a significant portion of funds is directed towards programming, there is room for improvement to reach higher efficiency in program spending. Overall, the foundation shows a commitment to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Herkimer County College Foundation Inc legitimate?
Herkimer County College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Herkimer County 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: $199,876
For more financial information, click here
Official website here: www.herkimer.edu/foundation
What is the mission statement of Herkimer County College Foundation Inc?
The Herkimer County College Foundation Inc's mission is centered around benefiting and supporting Herkimer County Community College and its students. This organization strives to contribute positively to the college and its student body, aiming to foster a supportive environment for their academic journey. While specific activities or programs are not explicitly mentioned in the provided data, it can be inferred that they aim to contribute in various ways to enhance the college experience for its students.
Official website here: www.herkimer.edu/foundation
Who is the CEO of Herkimer County College Foundation Inc?
Nicholas Laino is the Board Member of Herkimer County College Foundation Inc.
Official website here: www.herkimer.edu/foundation
What is the revenue of Herkimer County College Foundation Inc?
Herkimer County College Foundation Inc's revenue in 2022 was $1,378,994.
Official website here: www.herkimer.edu/foundation
Who are the executives of Herkimer County College Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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- Other: $55,551
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- Related: $181,754
- Other: $43,632
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- Related: $81,538
- Other: $16,041
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- Other: $0
Official website here: www.herkimer.edu/foundation
Where can I find the form 990 for Herkimer County College Foundation Inc?
Herkimer County College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.herkimer.edu/foundation
Learn more at the official website: www.herkimer.edu/foundation
Mission Statement of Herkimer County College Foundation Inc
Herkimer County College Foundation Inc, as its name suggests, is dedicated to benefiting and supporting Herkimer County Community College and its students. This nonprofit organization's mission is to contribute positively to the college and its student body in various ways. While the provided information does not elaborate on the specific activities or initiatives undertaken by the foundation, it is clear that its primary goal is to support the college and its students in their endeavors. Whether through financial aid, academic programs, or other forms of assistance, the Herkimer County College Foundation Inc is committed to contributing to the success and well-being of the college community.
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Impact
October, 2024
Herkimer County College Foundation Inc plays a vital role in enhancing educational opportunities for students at Herkimer County Community College. By providing essential support and resources, the foundation helps to ensure that students have access to quality housing, which is crucial for their academic success and overall college experience.
The foundation's mission focuses on benefiting and supporting the college and its students, fostering an environment where education can flourish. This commitment not only helps individual students achieve their academic goals but also strengthens the community by cultivating a well-educated workforce. Through its initiatives, Herkimer County College Foundation Inc makes a significant impact on the lives of students and the broader community in Herkimer, NY.
This information is meant to be a general summary of Herkimer County 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: $497,671
- Program Service Revenue: $646,160
- Gross Receipts: $4,328,860
Assets and Liabilities:
- Total Assets: $12,346,436
- Total Liabilities: $3,420,277
- Net Assets: $8,926,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSESSMENT
Revenue
$646,160
Organization Details
Founding Year
1967
Phone
(315) 866-0300Principal Officer
Nicholas Laino
Main Address
RESERVOIR ROAD, HERKIMER, NY, 13350
Website
www.herkimer.edu/foundationNTEE Category
Code: B42 - Education
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