Overview
What is Bloomfield College?
Bloomfield College, an independent institution historically related to the Presbyterian Church (USA), is located in the New Jersey-New York metropolitan region. With a mission to prepare students for academic, personal, and professional success in a multicultural and global society, the college provides programs leading to Bachelor of Arts and Bachelor of Science degrees, as well as Masters degrees in Accounting, Fine Arts, and Education. The fall 2021 student body consisted of approximately 1,300 students, with 61% being female and 49% African American. Over 30% of the students were first-generation college students or professionals seeking to keep up with a changing job market. In fall 2021, Bloomfield College welcomed 370 new freshman and transfer students, with 273 being full-time traditional undergraduates. Aid was provided to 98.2% of freshmen and 97.5% of continuing students, primarily in the form of scholarships and grants, and the college offers over 60 majors and concentration areas. In addition, Bloomfield College runs the office of international training and professional studies (ITPS), offering online certificate programs, customized corporate courses, and ESL classes. The ITPS partners with numerous schools and universities worldwide for English language training, nursing, education, hospitality, and other fields of study.
Official website here: www.bloomfield.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Bloomfield College has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The overall score is based solely on their financial metrics, demonstrating the organization’s commitment to transparency and responsible management of funds. The high score reflects an effective governance structure, with 94% of board members being independent, ensuring a focus on the institution's mission without conflicts of interest.
The college showcases robust financial practices, with a notable program expense ratio of 81.04%, highlighting that a significant portion of its expenditures directly support its educational programs. Additionally, their liabilities to assets ratio stands at a healthy 35.56%, indicating sound financial health and an ability to meet obligations. Comprehensive policies for conflict of interest, whistleblower protection, and document retention further underline their commitment to ethical governance.
While the rating emphasizes financial accountability, there is no mention of specific programmatic impacts or community engagement outcomes in the available data. Stakeholders may benefit from further insights into how these solid financial practices translate into educational success and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Bloomfield College legitimate?
Bloomfield College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bloomfield College 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: $1,599,896
Professional Fundraising Fees: $23,260
Other Salaries and Wages: $14,655,089
For more financial information, click here
Official website here: www.bloomfield.edu
What is the mission statement of Bloomfield College?
Bloomfield College is dedicated to helping students achieve academic, personal, and professional success in a multicultural and global society. Rooted in the liberal arts, the college's programs equip students with essential skills, knowledge, and values to become empowered individuals. The mission aims to renew students, their relationships, workplaces, and communities. The Fall 2021 student body consisted of approximately 1,300 students, with many being first-generation college students or professionals. Around 98.2% of freshman and 97.5% of continuing students received financial aid. The college offers over 60 majors and areas of concentration, as well as special learning opportunities and certificate programs for career advancement. Despite the COVID-19 pandemic, Bloomfield College continues to offer global partnerships and opportunities for international students.
Official website here: www.bloomfield.edu
Who is the CEO of Bloomfield College?
Unavailable
Official website here: www.bloomfield.edu
What is the revenue of Bloomfield College?
Bloomfield College's revenue in 2022 was $53,858,401.
Official website here: www.bloomfield.edu
Who are the executives of Bloomfield College and what are their salaries?
The average compensation at Bloomfield College during 2022 was $23,490. There are 692 employees and 21 volunteers at Bloomfield College.
Here are 35 key members and their salaries:
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- Compensation: $199,872
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- Compensation: $161,705
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- Compensation: $165,320
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- Other: $44,617
- Compensation: $173,412
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- Other: $13,680
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- Compensation: $375,189
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- Other: $29,962
Official website here: www.bloomfield.edu
Where can I find the form 990 for Bloomfield College?
Bloomfield College's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bloomfield.edu
Learn more at the official website: www.bloomfield.edu
Mission Statement of Bloomfield College
Bloomfield College, an independent institution historically related to the Presbyterian Church (USA), is committed to fostering academic, personal, and professional excellence in its diverse student body. With a mission rooted in the liberal arts, the college aims to equip students with the necessary skills, knowledge, and values to thrive in a multicultural and global society.
The student body, comprised of approximately 1,300 individuals in the Fall of 2021, is predominantly female and culturally diverse, with a significant number being first-generation college students or professionals seeking to adapt to a dynamic job market. The campus accommodated 390 students during the same period, with 273 of the new students enrolled in the Fall being full-time traditional undergraduate freshmen.
Bloomfield College offers a range of academic programs leading to Bachelor of Arts and Bachelor of Science degrees as well as Masters in Accounting, Fine Arts, and Education. Financial aid was extended to 98.2% of freshman and 97.5% of continuing students, with the majority of aid coming in the form of scholarships and grants (81.7%). The college also operates a Continuing Education program through its Office of International Training and Professional Studies (ITPS), which provides online certificate programs and customized corporate courses, as well as ESL classes for English language learners. Despite the challenges brought about by the COVID-19 pandemic, ITPS continued to operate on a limited basis during fiscal year 2022.
Bloomfield College's commitment to excellence extends beyond the classroom. It offers various support services to help students succeed, such as 24-hour crisis stabilization support, case management, support groups, access to mental and medical healthcare, transportation assistance, and job opportunities - all aimed at helping students rebuild their lives and engage in their communities.
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Impact
October, 2024
Bloomfield College significantly impacts its community and the broader New Jersey-New York metropolitan region by preparing students for academic, personal, and professional excellence in a multicultural and global society. The college offers a diverse range of programs leading to Bachelor's and Master's degrees, with a curriculum rooted in the liberal arts that equips students with essential skills, knowledge, and values.
With an enrollment of approximately 1,300 students, Bloomfield College fosters a vibrant and inclusive academic environment. The student body reflects a rich diversity, comprising 49% African American, 32.6% Hispanic, and 8.4% White students, many of whom are first-generation college attendees. This inclusivity not only enriches the college experience but also prepares students to navigate and contribute meaningfully to a diverse world.
The college's commitment to accessibility is evident in its financial aid offerings, with 98.2% of freshmen receiving support. This includes a strong emphasis on scholarships and grants, which helps alleviate the financial burden for its students. Additionally, Bloomfield College provides over 60 majors, study abroad opportunities, and various certification programs through its Office of International Training and Professional Studies, catering to both traditional students and working professionals.
Through programs like the American Language Center, Bloomfield College also supports non-native English speakers, enhancing their language skills and academic readiness. This commitment to education extends globally, as the college collaborates with various international institutions, preparing students from diverse backgrounds to excel in fields such as nursing, hospitality, and education.
In summary, Bloomfield College plays a crucial role in shaping future leaders by promoting academic excellence, inclusivity, and professional readiness in a dynamic and ever-changing global landscape.
This information is meant to be a general summary of Bloomfield College. 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: $1,803,292
- Program Service Revenue: $41,689,881
- Gross Receipts: $54,888,411
Assets and Liabilities:
- Total Assets: $93,884,575
- Total Liabilities: $35,688,980
- Net Assets: $58,195,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$36,678,650
AUXILIARY SALES AND SERVICES
Revenue
$5,011,231
Organization Details
Founding Year
1868
Phone
(973) 748-9000Main Address
467 Franklin Street, Bloomfield, NJ, 07003
Website
www.bloomfield.eduNTEE Category
Code: B420 - Education
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