Overview
What is Montgomery County Community College Foundation?
Montgomery County Community College Foundation is a charitable organization that serves as the fundraising arm for Montgomery County Community College. With the generous support from alumni, foundations, corporations, and other partners, the foundation provides scholarships and assistance to students at the college, enabling them to acquire the necessary education and skills to contribute positively to the local workforce and economy. The foundation's mission is to enhance and enrich student life at the college, ensuring a tradition of educational excellence. By raising funds, the foundation contributes to the development of programs, facilities, and services to support the college's students.
Official website here: www.mc3.edu/giving
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Montgomery County Community College Foundation has received a rating of "Needs Improvement" from Charity Navigator, scoring 73%. This rating highlights the foundation's strong accountability and governance measures, with a notably high percentage of independent board members and a robust audit and oversight committee. The organization excels in maintaining policies for conflict of interest and whistleblower protections, contributing positively to its governance ratings.
However, the foundation's program expense ratio stands at 51.80%, which is lower than ideal, indicating that a smaller portion of its expenses is directed towards programs and services compared to administrative costs. This could raise concerns among potential donors about the efficiency and impact of their contributions. Overall, while the organization demonstrates good governance and transparency, there are significant areas in financial performance that may require attention to improve its effectiveness and appeal to supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery County Community College Foundation legitimate?
Montgomery County Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Community 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: $11,405
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mc3.edu/giving
What is the mission statement of Montgomery County Community College Foundation?
The Montgomery County Community College Foundation serves as the tax-exempt charitable arm of the college, with a primary objective to raise funds to enhance and enrich student life. Its purpose is to support the college in developing programs, facilities, and services, aiming to maintain a tradition of educational excellence. The foundation is able to provide scholarships and support to students due to generous contributions from alumni, foundations, corporations, and other partners. These funds enable students to continue their education and acquire the necessary skills to contribute positively to the local workforce and economy.
Official website here: www.mc3.edu/giving
Who is the CEO of Montgomery County Community College Foundation?
Jay Browning is the Principal Officer of Montgomery County Community College Foundation.
Official website here: www.mc3.edu/giving
What is the revenue of Montgomery County Community College Foundation?
Montgomery County Community College Foundation's revenue in 2023 was $1,560,529.
Official website here: www.mc3.edu/giving
Who are the executives of Montgomery County Community College Foundation and what are their salaries?
There 64 volunteers at Montgomery County Community College Foundation.
Here are 30 key members and their salaries:
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- Related: $256,458
- Other: $68,773
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- Related: $135,194
- Other: $47,637
Official website here: www.mc3.edu/giving
Where can I find the form 990 for Montgomery County Community College Foundation?
Montgomery County Community College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mc3.edu/giving
Learn more at the official website: www.mc3.edu/giving
Mission Statement of Montgomery County Community College Foundation
The Montgomery County Community College Foundation serves as the charitable arm of Montgomery County Community College, with a mission to raise funds to enrich and enhance student life. Its purpose is to support the college in developing programs, facilities, and services, thereby maintaining a tradition of educational excellence. The foundation accomplishes this by providing scholarships to students, allowing them to continue their education and acquire the necessary skills to contribute positively to the local workforce and economy, thanks to the generous support from alumni, foundations, corporations, and other partners.
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Impact
October, 2024
Montgomery County Community College Foundation significantly impacts students and the local community by providing vital financial support for education. Through generous contributions from alumni, friends, foundations, corporations, and other partners, the Foundation offers scholarships that empower students to pursue their academic goals. This assistance not only helps individuals acquire the education and skills needed to thrive but also strengthens the local workforce and economy. By actively supporting program development, facilities enhancement, and student services, the Foundation plays a crucial role in maintaining a tradition of educational excellence and enriching student life at Montgomery County Community College.
This information is meant to be a general summary of Montgomery County Community 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: $43,917
- Gross Receipts: $6,434,247
Assets and Liabilities:
- Total Assets: $21,032,140
- Total Liabilities: $823,564
- Net Assets: $20,208,576
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Organization Details
Founding Year
1983
Phone
(215) 641-6603Principal Officer
Jay Browning
Main Address
340 DEKALB PIKE, BLUE BELL, PA, 194221412
Website
www.mc3.edu/givingNTEE Category
Code: B41I - Education
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