Overview
What is New Mexico Junior College Foundation?
The New Mexico Junior College Foundation is a dedicated nonprofit organization, situated in New Mexico, that is committed to fostering and encouraging higher education at New Mexico Junior College. They do this by offering financial support to qualified individuals, enabling them to engage in academic, technical, and career technology programs. The foundation actively contributes to various student learning events to raise awareness of NMJC initiatives within the community. Additionally, they recognize outstanding faculty members at the college, contributing a total of $92,762 in the process. This philanthropic organization plays a significant role in promoting educational opportunities at New Mexico Junior College.
Official website here: www.nmjc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The New Mexico Junior College Foundation has received a Three-Star rating from Charity Navigator, with a score of 77% based entirely on its Accountability & Finance metrics. This rating indicates a solid level of financial health and transparency, which is critical for fostering trust among donors and stakeholders.
The foundation exhibits strong governance practices, with 72% of its board members being independent and a well-structured board size. Furthermore, it has demonstrated no material diversion of assets and maintains essential policies, such as conflict of interest and whistleblower protections, which contribute to its accountability. The foundation also effectively manages its liabilities, showcasing a low ratio of liabilities to assets at 0.08%.
Despite its strengths, the program expense ratio of 66.73% is slightly lower than the ideal benchmark, reflecting room for improvement in how funds are allocated toward programmatic activities. Overall, while the New Mexico Junior College Foundation shows commendable financial and operational practices, there is potential for enhancing its programmatic effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Mexico Junior College Foundation?
80% of 41 reviewers on Facebook recommend the New Mexico Junior College Foundation. Here is a summary of their reviews:
Many individuals express appreciation for the initiatives and support provided by the foundation, highlighting its positive impact on the local community. They note the importance of the programs offered and acknowledge the foundation's efforts to enhance educational opportunities for students.
However, a few unrelated comments submitted in the reviews may detract from the overall sentiment. Despite these, the consensus is that the New Mexico Junior College Foundation makes significant contributions to the community and efficiently fulfills its mission.
This AI summary has been generated from reviews found on Facebook.
Is New Mexico Junior College Foundation legitimate?
New Mexico Junior College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Junior 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.
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For more financial information, click here
Official website here: www.nmjc.edu
What is the mission statement of New Mexico Junior College Foundation?
The New Mexico Junior College Foundation's mission is centered around promoting higher education. It aims to create opportunities for qualified individuals to pursue academic, technical, and career technology programs. The foundation supports this mission by providing financial assistance for various student learning events, raising awareness of New Mexico Junior College's initiatives within the community, and recognizing outstanding faculty members. In essence, its purpose is to foster and encourage college education, contributing to the personal and professional growth of its students.
Official website here: www.nmjc.edu
Who is the CEO of New Mexico Junior College Foundation?
Rosi Insilan is the President of New Mexico Junior College Foundation.
Official website here: www.nmjc.edu
What is the revenue of New Mexico Junior College Foundation?
New Mexico Junior College Foundation's revenue in 2022 was $955,968.
Official website here: www.nmjc.edu
Who are the executives of New Mexico Junior College Foundation and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.nmjc.edu
Where can I find the form 990 for New Mexico Junior College Foundation?
New Mexico Junior College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmjc.edu
Learn more at the official website: www.nmjc.edu
Mission Statement of New Mexico Junior College Foundation
The New Mexico Junior College Foundation plays a crucial role in promoting and fostering higher education at New Mexico Junior College. Its mission is to create opportunities for qualified individuals, enabling them to pursue academic, technical, and career technology programs. The foundation supports this mission by providing financial assistance to various student learning events, raising awareness of the college's initiatives in the community, and recognizing outstanding faculty members. With these efforts, the New Mexico Junior College Foundation contributes significantly to the educational growth and success of students at the institution.
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Impact
October, 2024
The New Mexico Junior College Foundation significantly enhances college education at New Mexico Junior College by creating and supporting opportunities for individuals to engage in academic, technical, and career technology programs. Through its initiatives, the foundation has invested $92,762 in various student learning events, which not only promote educational growth but also raise awareness of NMJC initiatives within the community. Additionally, the foundation recognizes the efforts and achievements of outstanding faculty, thereby fostering an environment that values excellence in teaching and learning. This commitment to educational empowerment and community engagement has a lasting impact on students and the larger community in Hobbs, New Mexico.
This information is meant to be a general summary of New Mexico Junior 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 2022.
- Investment Income: $540,295
- Gross Receipts: $1,089,590
Assets and Liabilities:
- Total Assets: $12,380,291
- Total Liabilities: $22,768
- Net Assets: $12,357,523
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Organization Details
Founding Year
1970
Phone
(575) 492-2782Principal Officer
Rosi Insilan
Main Address
5317 LOVINGTON HWY, HOBBS, NM, 88240
Website
www.nmjc.eduNTEE Category
Code: B42 - Education
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