Overview
What is Union County College Foundation?
Union County College Foundation is a charitable organization located in Cranford, New Jersey. With a mission to support and bolster the educational objectives of Union County College, it primarily focuses on granting scholarships and other awards to deserving students. This nonprofit organization operates with the goal of furthering the educational purposes of the college, thereby benefiting its students, faculty, staff, facilities, and programs. The Foundation's primary activity revolves around funding scholarships and other forms of assistance to eligible students, thereby contributing to the college's mission and advancing its objectives.
Official website here: www.ucc.edu/union-county-college-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Union County College Foundation has achieved an impressive Four-Star rating from Charity Navigator, primarily due to its outstanding performance in Accountability & Finance, where it scored 97%. This high score reflects the foundation's commitment to transparency and effective financial management, indicating that it operates with a strong sense of responsibility towards its resources and stakeholders.
Key strengths of the organization include a fully independent board comprising 27 members and a robust oversight committee that ensures rigorous audit practices. Additionally, the foundation has demonstrated no material diversion of assets, which further solidifies its reputation for integrity. The organization also excels in its financial ratios, maintaining a low liabilities-to-assets ratio and a solid program expense ratio, suggesting that a significant portion of its funding directly supports its mission.
While the data highlights numerous strengths, the overview does not mention any limitations or areas for improvement. Overall, the Union County College Foundation stands out as a financially sound and ethically managed nonprofit, making it a reliable choice for potential donors seeking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Union County College Foundation legitimate?
Union County College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union County College Foundation 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.
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Official website here: www.ucc.edu/union-county-college-foundation
What is the mission statement of Union County College Foundation?
The Union County College Foundation's mission is centered around advancing the educational objectives of Union County College. The primary focus of the foundation is to undertake activities that benefit the college, its students, faculty, staff, facilities, and programs. Specifically, the foundation is dedicated to providing scholarships and other forms of assistance to eligible students. This support is aimed at furthering the mission of the college, thereby enhancing its overall growth and development.
Official website here: www.ucc.edu/union-county-college-foundation
Who is the CEO of Union County College Foundation?
Dr Lori A Wilkin is the Chair of Union County College Foundation.
Official website here: www.ucc.edu/union-county-college-foundation
What is the revenue of Union County College Foundation?
Union County College Foundation's revenue in 2023 was $2,036,985.
Official website here: www.ucc.edu/union-county-college-foundation
Who are the executives of Union County College Foundation and what are their salaries?
There 60 volunteers at Union County College Foundation.
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Official website here: www.ucc.edu/union-county-college-foundation
Where can I find the form 990 for Union County College Foundation?
Union County College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ucc.edu/union-county-college-foundation
Learn more at the official website: www.ucc.edu/union-county-college-foundation
Mission Statement of Union County College Foundation
The Union County College Foundation, a nonprofit organization, is dedicated to advancing the educational purposes of Union County College. Its mission is to undertake activities that benefit the college, its students, faculty, staff, facilities, and programs. Specifically, the foundation focuses on providing scholarships and other forms of assistance to eligible students. By doing so, it aims to support and strengthen the mission of Union County College, ultimately contributing to its overall growth and success.
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Impact
October, 2024
The Union County College Foundation plays a crucial role in enhancing the educational landscape of Union County College. By providing scholarships and financial awards, the Foundation directly supports students in pursuing their academic goals. This assistance not only alleviates financial burdens but also fosters an environment where students can focus on their studies and achieve their potential.
Additionally, the Foundation's efforts extend to benefiting faculty and staff, as well as improving facilities and programs within the college. By investing in various educational initiatives and resources, the Foundation helps to advance the overall mission of Union County College, ensuring that quality education is accessible to a diverse student body. As a result, the Foundation makes a lasting impact on the community, empowering individuals through education and supporting the development of a skilled workforce ready to contribute to society.
This information is meant to be a general summary of Union County College Foundation. 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 2023.
- Investment Income: $282,534
- Gross Receipts: $10,708,706
Assets and Liabilities:
- Total Assets: $25,388,403
- Total Liabilities: $667,035
- Net Assets: $24,721,368
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Organization Details
Founding Year
1977
Phone
(908) 709-7505Principal Officer
Dr Lori A Wilkin
Main Address
995 SPRINGFIELD AVENUE, CRANFORD, NJ, 07016
NTEE Category
Code: B11 - Education
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