Overview
What is Parkland College Foundation?
Parkland College Foundation is a nonprofit organization situated in Champaign, Illinois, specifically at 2400 West Bradley Avenue. Its primary mission is to provide financial assistance through scholarships to students enrolled at Parkland College. Beyond this, the foundation also supports the educational mission of the college by contributing to economic development programs and enhancing the overall quality of life in East Central Illinois. In essence, Parkland College Foundation serves as a vital source of funding for scholarly pursuits and community enrichment initiatives within its geographical region.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Four-Star out of Four Stars (98%)
The Parkland College Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong overall score of 98%. The rating indicates a solid performance in both Accountability & Finance and Impact & Measurement, where the foundation scored 95 and 100, respectively. This high score suggests effective management of resources and a clear dedication to measuring the impact of their initiatives.
One of the notable strengths of the foundation is its ability to significantly increase scholarship income for recipients, with a remarkable return of more than $1.50 for every dollar spent. This demonstrates not only fiscal responsibility but also a commitment to enhancing educational opportunities for students, which is central to its mission.
While the foundation exhibits a strong impact and sound financial practices, the relatively lower score in Accountability & Finance compared to Impact & Measurement may suggest areas for improvement in transparency or operational metrics. Overall, the Parkland College Foundation appears to be a well-managed organization making a positive difference in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Parkland College Foundation legitimate?
Parkland College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parkland 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: $155,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,761
For more financial information, click here
What is the mission statement of Parkland College Foundation?
The Parkland College Foundation's mission is centered around generating funds to serve various purposes. Primarily, these funds are utilized to award scholarships for students attending Parkland College. Furthermore, the foundation contributes to economic development programs and works towards improving the overall quality of life in the East Central Illinois region. The organization's activities also extend beyond scholarships, as it finances initiatives aimed at enhancing education at Parkland College.
Who is the CEO of Parkland College Foundation?
Tracy Wahlfeldt is the Executive Director of Parkland College Foundation.
What is the revenue of Parkland College Foundation?
Parkland College Foundation's revenue in 2023 was $2,686,390.
Who are the executives of Parkland College Foundation and what are their salaries?
There 20 volunteers at Parkland College Foundation.
Here are 19 key members and their salaries:
- Compensation: $155,476
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Where can I find the form 990 for Parkland College Foundation?
Parkland College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Parkland College Foundation
The Parkland College Foundation serves a vital role in generating funds to support various initiatives. Its primary mission is to award scholarships to students attending Parkland College, thereby contributing to their educational endeavors. Additionally, the foundation finances economic development programs within its sphere of influence, aiming to enhance the overall quality of life in East Central Illinois. By undertaking these activities, the Parkland College Foundation demonstrates its commitment to fostering academic excellence and promoting sustainable community development.
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Impact
October, 2024
The Parkland College Foundation plays a crucial role in enhancing educational opportunities in East Central Illinois. By generating funds for scholarships, the foundation makes higher education more accessible to students at Parkland College. These scholarships not only alleviate financial burdens but also empower students to pursue their academic and career goals.
Additionally, the foundation supports various economic development programs, which contributes to the region's overall quality of life. Through its initiatives, the Parkland College Foundation helps foster a more educated workforce, encourages local economic growth, and strengthens community ties, ultimately enriching the lives of individuals and the community as a whole.
This information is meant to be a general summary of Parkland 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: $311,320
- Gross Receipts: $2,880,100
Assets and Liabilities:
- Total Assets: $16,696,467
- Total Liabilities: $57,997
- Net Assets: $16,638,470
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Organization Details
Founding Year
1969
Phone
(217) 351-2458Principal Officer
Tracy Wahlfeldt
Main Address
2400 West Bradley Avenue, Champaign, IL, 61821
NTEE Category
Code: B114 - Education
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