Overview
What is North Shore Community College Foundation Inc?
The North Shore Community College Foundation Inc is a charitable organization that obtains grants designed to support its affiliated college. These grants are implemented according to the stipulations set by the donors. The foundation's primary objectives include awarding scholarships for qualifying students and distributing funds to enhance the North Shore Community College. While the specifics of their schedule are unmentioned, their mission is clear: to contribute to the betterment of their college and its students through financial assistance.
Official website here: www.northshore.edu/giving/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
North Shore Community College Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a remarkable score of 97% in this category, the foundation demonstrates a high level of transparency and effective management practices, including a fully independent board and comprehensive audit oversight.
The organization excels in its financial metrics, showcasing a 90.50% program expense ratio, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, it maintains an exemplary liabilities to assets ratio of just 1.40%, emphasizing its financial stability and responsible fiscal management. The foundation also has a substantial working capital ratio, providing a solid buffer for future program funding.
However, the foundation faces a notable limitation in its fundraising efficiency, with a ratio of $0.01. This suggests that there may be challenges in raising funds effectively relative to the expenses incurred for fundraising activities. Despite this, the overall financial health and governance practices of North Shore Community College Foundation Inc position it as a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is North Shore Community College Foundation Inc legitimate?
North Shore Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Shore 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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For more financial information, click here
Official website here: www.northshore.edu/giving/foundation/
What is the mission statement of North Shore Community College Foundation Inc?
The North Shore Community College Foundation's mission, as outlined, primarily involves managing grants benefiting the college. The organization adheres to the donors' requirements in distributing these grants. Additionally, the foundation offers scholarships for eligible students and provides grants to support the operations of the North Shore Community College. However, the information provided does not include a specific mission statement that outlines its goals beyond these activities. Consequently, a comprehensive mission statement, detailing its broader objectives and purpose, could not be summarized from the given data.
Official website here: www.northshore.edu/giving/foundation/
Who is the CEO of North Shore Community College Foundation Inc?
Tucker Mcdonald is the President of North Shore Community College Foundation Inc.
Official website here: www.northshore.edu/giving/foundation/
What is the revenue of North Shore Community College Foundation Inc?
North Shore Community College Foundation Inc's revenue in 2023 was $2,871,168.
Official website here: www.northshore.edu/giving/foundation/
Who are the executives of North Shore Community College Foundation Inc and what are their salaries?
There 20 volunteers at North Shore Community College Foundation Inc.
Here are 18 key members and their salaries:
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Official website here: www.northshore.edu/giving/foundation/
Where can I find the form 990 for North Shore Community College Foundation Inc?
North Shore Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.northshore.edu/giving/foundation/
Learn more at the official website: www.northshore.edu/giving/foundation/
Mission Statement of North Shore Community College Foundation Inc
North Shore Community College Foundation Inc is an organization dedicated to supporting the North Shore Community College. Its mission involves receiving various grants that are earmarked for the benefit of the college and ensuring that they are disbursed as per the donor's requirements. Beyond this, the foundation offers scholarships to eligible students and grants to contribute to the college's overall development. By providing these financial aids, the North Shore Community College Foundation Inc plays a significant role in fostering education and academic growth among its students. The organization's primary objective is to uplift the college and its student body, thereby contributing to the broader educational landscape.
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Impact
October, 2024
North Shore Community College Foundation Inc plays a crucial role in enhancing educational opportunities for students at North Shore Community College. By receiving and managing various grants, the foundation ensures that funds are allocated to meet the specific needs outlined by donors. This support directly facilitates the provision of scholarships for eligible students, helping to alleviate the financial burden of tuition and related expenses. Additionally, the grants provided by the foundation contribute to the overall advancement of the college, enabling it to improve programs, resources, and facilities that benefit the student body. The foundation's mission is centered on fostering educational access and success for the community, demonstrating a significant impact on both individual students and the broader educational landscape in Danvers, MA.
This information is meant to be a general summary of North Shore 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 2023.
- Investment Income: $269,858
- Gross Receipts: $5,039,784
Assets and Liabilities:
- Total Assets: $13,803,921
- Total Liabilities: $193,622
- Net Assets: $13,610,299
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Organization Details
Founding Year
1983
Phone
(978) 762-4000Principal Officer
Tucker Mcdonald
Main Address
1 FERNCROFT ROAD, DANVERS, MA, 01923
NTEE Category
Code: B41I - Education
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