Overview
What is Ocean County College Foundation?
Ocean County College Foundation is a distinguished 45-year-old private organization, dedicated to fostering the growth and development of Ocean County College. Their primary focus is on providing financial aid to students through scholarships, awards, and loans. Additionally, they engage in community programs, demonstrating their commitment to supporting the wider community. The Foundation's mission is to empower students and contribute to the college's overall prosperity through these initiatives.
Official website here: www.ocean.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Ocean County College Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score based entirely on accountability and finance, the organization demonstrates excellence in maintaining transparent operations, evidenced by its high score in all relevant metrics.
Strengths of the foundation include a fully independent board, effective audit and oversight practices, and a strong program expense ratio of 83.43%. The organization has implemented robust policies, including conflict of interest, whistleblower, and document retention policies, which contribute to its reputation for integrity and responsible governance. The financial ratios indicate a healthy organization with a low liabilities to assets ratio and a substantial working capital ratio.
There appear to be no significant limitations noted in the data, as the foundation maintains rigorous standards in its operations. Overall, the Ocean County College Foundation is positioned as a trustworthy nonprofit, effectively utilizing its resources to support its mission and deliver value to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ocean County College Foundation?
84% of 341 reviewers on Facebook recommend the Ocean County College Foundation. Here is a summary of their reviews:
Many users appreciate the friendly and welcoming atmosphere at the college. The sense of community and support provided by the staff and faculty stands out as a highlight in the comments. Reviewers feel that the college fosters an encouraging environment for students to thrive academically and socially.
Overall, the positive sentiment indicates that the Ocean County College Foundation is successfully meeting the needs of its community, creating a valuable educational experience for its students.
This AI summary has been generated from reviews found on Facebook.
Is Ocean County College Foundation legitimate?
Ocean County College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,411
For more financial information, click here
Official website here: www.ocean.edu
What is the mission statement of Ocean County College Foundation?
The Ocean County College Foundation's mission is centered around providing support for students and the community. This is primarily achieved through offering scholarships, awards, and loans to students. Additionally, the foundation engages in community programs. Established as a private organization, the Foundation has been serving its purpose for 45 years, aiming to foster the growth and development of the college through its initiatives.
Official website here: www.ocean.edu
Who is the CEO of Ocean County College Foundation?
Richard Galgano is the Treasurer of Ocean County College Foundation.
Official website here: www.ocean.edu
What is the revenue of Ocean County College Foundation?
Ocean County College Foundation's revenue in 2023 was $2,407,473.
Official website here: www.ocean.edu
Who are the executives of Ocean County College Foundation and what are their salaries?
There 20 volunteers at Ocean County College Foundation.
Here are 47 key members and their salaries:
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Official website here: www.ocean.edu
Where can I find the form 990 for Ocean County College Foundation?
Ocean County College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ocean.edu
Learn more at the official website: www.ocean.edu
Mission Statement of Ocean County College Foundation
The Ocean County College Foundation, an esteemed organization, is committed to its mission of providing student scholarships, awards, loans, and community programs. This mission statement encapsulates the organization's dedication to fostering the growth and development of Ocean County College by offering financial aid and community initiatives. The Foundation, celebrating its 45th anniversary, considers these activities as vital components in supporting the college's students and broader community.
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Impact
October, 2024
Ocean County College Foundation plays a crucial role in enhancing educational opportunities for students in Toms River, NJ. By providing scholarships, awards, and loans, the Foundation alleviates financial barriers that many students face, enabling them to pursue higher education and achieve their academic goals.
With 45 years of dedicated service, the Foundation's commitment extends beyond individual scholarships; it supports the overall growth and development of Ocean County College through various endowments and community programs. These initiatives not only foster a richer educational environment but also contribute to broader community engagement, ensuring that residents have access to vital resources and opportunities. Through its ongoing efforts, the Ocean County College Foundation significantly impacts students' lives and the local community, fostering lifelong learning and growth.
This information is meant to be a general summary of Ocean 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: $324,730
- Program Service Revenue: $28,109
- Gross Receipts: $2,500,493
Assets and Liabilities:
- Total Assets: $23,304,446
- Total Liabilities: $902,279
- Net Assets: $22,402,167
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST - STUDENT LOANS
Revenue
$1,614
LECTURE SERIES
Revenue
$26,495
Organization Details
Founding Year
1966
Phone
(732) 255-0400Principal Officer
Richard Galgano
Main Address
COLLEGE DRIVE PO BOX 2001, TOMS RIVER, NJ, 08754
Website
www.ocean.eduNTEE Category
Code: B110 - Education
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