Overview
What is Finger Lakes Community College Foundation Inc?
Finger Lakes Community College Foundation Inc, situated in Canandaigua, New York, is a dedicated nonprofit organization. Its primary mission is to support the educational pursuits of students in the Finger Lakes region, awarding scholarships to 186 deserving individuals to attend Finger Lakes Community College. The foundation engages in various activities to accomplish this, including establishing, managing, and promoting educational initiatives between students and faculty, as well as fostering relationships and partnerships that benefit the college. It operates under the principle of soliciting, managing, and utilizing donations solely for the betterment of Finger Lakes Community College.
Official website here: www.flcc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Stars
The Finger Lakes Community College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a perfect accountability and finance score of 97%, the foundation demonstrates strong governance practices, including a board composed entirely of independent members, which enhances its credibility and trustworthiness.
Strengths of the organization include its robust program expense ratio of 87.10%, reflecting a commitment to allocating a significant portion of its resources directly to programs that benefit the community. Additionally, the foundation has maintained a low liabilities to assets ratio of 9.02%, showcasing sound financial management. The organization also has effective policies in place regarding conflict of interest and whistleblower protections, further indicating its commitment to transparency and ethical operations.
While the data reflects exceptional performance, it is important for potential donors and supporters to consider that the rating is based solely on financial metrics. As such, it may not provide a complete picture of the foundation's impact or program efficacy. However, the strong financial indicators suggest that Finger Lakes Community College Foundation Inc is well-managed and dedicated to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Finger Lakes Community College Foundation Inc legitimate?
Finger Lakes Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finger Lakes 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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Official website here: www.flcc.edu
What is the mission statement of Finger Lakes Community College Foundation Inc?
The Finger Lakes Community College Foundation Inc's mission is to support the educational activities of Finger Lakes Community College. They achieve this by soliciting, managing, and utilizing donations for the college's benefit. The foundation's goal is also to cultivate relationships and partnerships that will positively impact the college. Notably, the foundation has awarded scholarships to 186 deserving students in the Finger Lakes, New York region, enabling them to attend Finger Lakes Community College.
Official website here: www.flcc.edu
What is the revenue of Finger Lakes Community College Foundation Inc?
Finger Lakes Community College Foundation Inc's revenue in 2024 was $1,581,055.
Official website here: www.flcc.edu
Who are the executives of Finger Lakes Community College Foundation Inc and what are their salaries?
There 21 volunteers at Finger Lakes Community College Foundation Inc.
Here are 22 key members and their salaries:
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Official website here: www.flcc.edu
Where can I find the form 990 for Finger Lakes Community College Foundation Inc?
Finger Lakes Community College Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.flcc.edu
Learn more at the official website: www.flcc.edu
Mission Statement of Finger Lakes Community College Foundation Inc
Finger Lakes Community College Foundation Inc is an organization dedicated to advancing educational activities within the student and faculty community of Finger Lakes Community College. Its primary mission is to solicit, receive, manage, and utilize donations and bequests for the exclusive benefit of the college. The foundation aims to cultivate relationships and partnerships that will positively impact Finger Lakes Community College. One of its significant contributions is the provision of scholarships to deserving students from the Finger Lakes, New York region. These scholarships enable these students to attend Finger Lakes Community College. In essence, Finger Lakes Community College Foundation Inc serves as a bridge between the college and its supporters, leveraging financial resources to bolster the educational opportunities available to students.
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Impact
October, 2024
Finger Lakes Community College Foundation Inc significantly enhances educational opportunities for students and faculty at Finger Lakes Community College. By awarding scholarships to 186 deserving students in the Finger Lakes region, the foundation enables access to higher education, helping to alleviate financial barriers and promote academic success.
Through its efforts to solicit, receive, and manage donations, the foundation fosters essential partnerships that further benefit the college community. These initiatives not only support individual students but also contribute to the overall growth and development of the educational environment at Finger Lakes Community College, cultivating a vibrant community of learning and collaboration.
This information is meant to be a general summary of Finger Lakes 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 2024.
- Investment Income: $205,828
- Program Service Revenue: $79,377
- Gross Receipts: $2,295,224
Assets and Liabilities:
- Total Assets: $4,854,917
- Total Liabilities: $189,565
- Net Assets: $4,665,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINGER LAKES TV
Revenue
$58,766
OTHER PROGRAM REVENUE
Revenue
$20,611
Organization Details
Founding Year
1969
Principal Officer
Brie Chupalio
Website
www.flcc.eduNTEE Category
Code: B42 - Education
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