Overview
What is Mt Hood Community College District Foundation Inc?
Mt Hood Community College District Foundation Inc, located in Gresham, Oregon, serves as a unifying force contributing to quality education and community life. Funded primarily by donations from corporations, foundations, individuals, and organizations, as well as proceeds from annual auctions, the foundation awards scholarships to students during the school term and by annual allocation. These scholarships aid students in covering tuition, fees, books, and support services. In the 2022-2023 fiscal year, approximately $508,720 was granted to around 171 students. The foundation's scholarship and grants committee, in collaboration with a financial aid representative, reviews and selects scholarship recipients based on established criteria.
Official website here: www.mhcc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Mt Hood Community College District Foundation Inc has achieved a solid score of 81%, earning it a Three-Star rating. This rating reflects a commendable level of accountability and finance management, highlighted by a fully independent board and a robust structure for audit and oversight. Key strengths include the absence of material asset diversion and the presence of comprehensive policies regarding conflict of interest and document retention.
However, the foundation does have some limitations, particularly noted in its program expense ratio, which stands at 60.91%. This metric indicates that while the organization allocates a significant portion of its resources to programs, there may still be room for improvement in how funds are directed towards direct support activities. Additionally, the absence of a whistleblower policy could be a concern for some stakeholders regarding transparency and ethical oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Hood Community College District Foundation Inc legitimate?
Mt Hood Community College District Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Hood Community College District 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.
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Official website here: www.mhcc.edu/foundation
What is the mission statement of Mt Hood Community College District Foundation Inc?
The Mt Hood Community College District Foundation Inc's mission is to serve as a unifying force, supplying essential resources necessary for enhancing the quality of education and community life. Their primary objective is to provide financial aid through scholarships, which are funded by donations and auction proceeds. These scholarships assist students in covering tuition, fees, textbooks, and support services. The Foundation reviews applications and awards scholarships based on established criteria, with approximately $508,720 distributed to around 171 students in the 2022-2023 fiscal year.
Official website here: www.mhcc.edu/foundation
Who is the CEO of Mt Hood Community College District Foundation Inc?
Dan Corcoran is the Board Member of Mt Hood Community College District Foundation Inc.
Official website here: www.mhcc.edu/foundation
What is the revenue of Mt Hood Community College District Foundation Inc?
Mt Hood Community College District Foundation Inc's revenue in 2023 was $1,110,661.
Official website here: www.mhcc.edu/foundation
Who are the executives of Mt Hood Community College District Foundation Inc and what are their salaries?
There 26 volunteers at Mt Hood Community College District Foundation Inc.
Here are 17 key members and their salaries:
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Official website here: www.mhcc.edu/foundation
Where can I find the form 990 for Mt Hood Community College District Foundation Inc?
Mt Hood Community College District Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mhcc.edu/foundation
Learn more at the official website: www.mhcc.edu/foundation
Mission Statement of Mt Hood Community College District Foundation Inc
Mt Hood Community College District Foundation Inc is dedicated to serving as a unifying force, providing essential resources that significantly contribute to the quality of education and community life. The organization's mission is aligned with this objective, aiming to be a catalyst for securing vital resources. These resources are integral to fostering a robust educational environment and enhancing the overall well-being of the community.
The foundation accomplishes its mission through various means, one of which is funding scholarships. These scholarships are awarded annually and on a school term basis, as a result of generous contributions from corporations, foundations, individuals, and organizations, as well as proceeds from the annual MHCC Foundation Auction. The scholarships cater to a wide range of students, providing them with financial aid to cover tuition, fees, books, and support services. During the 2022-2023 fiscal year, approximately $508,720 was awarded to approximately 171 students. This substantial financial support not only eases the financial burden of education for these students but also empowers them to pursue their academic goals.
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Impact
October, 2024
Mt Hood Community College District Foundation Inc significantly enhances educational opportunities and community engagement by providing essential resources that support students' academic journeys. In the 2022-2023 fiscal year, the foundation awarded approximately $508,720 in scholarships to around 171 students. These scholarships are made possible through generous donations from corporations, foundations, individuals, and organizations, as well as proceeds from the annual MHCC Foundation auction.
The impact of these scholarships is profound, as they help cover critical expenses such as tuition, fees, books, and support services, enabling students to focus on their studies rather than financial burdens. The foundation plays a vital role as a unifying force, fostering quality education and enriching community life in the Gresham, Oregon area. Through its efforts, the foundation not only facilitates access to education but also empowers students to achieve their goals and contribute to the local community's growth and vitality.
This information is meant to be a general summary of Mt Hood Community College District 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: $167,193
- Gross Receipts: $4,367,761
Assets and Liabilities:
- Total Assets: $10,939,534
- Total Liabilities: $61,739
- Net Assets: $10,877,795
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Organization Details
Founding Year
1969
Phone
(503) 491-7206Principal Officer
Dan Corcoran
Main Address
26000 SE STARK STREET, GRESHAM, OR, 97030
Website
www.mhcc.edu/foundationIf you are a representative of Mt Hood Community College District Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.