Overview
What is Broome Community College Foundation Inc?
Broome Community College Foundation Inc, situated in Binghamton, New York, is a distinguished nonprofit organization within the State University of New York system and nationwide. Their primary mission involves raising and administering funds, while fostering relationships that aid needy students, recognize high-achieving students, support faculty and staff in providing an optimal learning environment, and encourage innovation and achievement on campus, particularly where government funds may be insufficient. They accomplish this through various means, including granting aid based on financial need and academic merit, allocating funds for college enhancement and faculty development, and managing special projects. With a team of seven dedicated individuals, the Foundation plays a significant role in enhancing the educational experience at Broome Community College.
Official website here: www.broomeccfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Broome Community College Foundation Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The charity’s overall score is derived entirely from its accountability metrics, showcasing a robust financial stewardship. The organization has demonstrated a commitment to transparency, with 100% of its board members being independent and a clear absence of any material diversion of assets.
In terms of financial health, the foundation has a strong program expense ratio of 75.51%, indicating that a significant portion of its spending directly supports its programs. The organization also exhibits impressive fundraising efficiency, spending just $0.09 to raise a dollar, which suggests effective resource management. Additionally, its long working capital ratio of 17.57 years signifies a stable financial position, allowing it to sustain its operations over the long term.
There are no notable limitations reported in the data, further reinforcing the foundation's credibility and reliability as a nonprofit organization. The comprehensive policies in place for conflict of interest, whistleblower protection, and document retention highlight its dedication to ethical governance. Overall, Broome Community College Foundation Inc stands out as a well-managed and highly accountable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Broome Community College Foundation Inc legitimate?
Broome Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broome 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:
Executive Compensation: $186,319
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,999
For more financial information, click here
Official website here: www.broomeccfoundation.org
What is the mission statement of Broome Community College Foundation Inc?
The Broome Community College Foundation aims to be one of the most supportive community college foundations within the State University of New York system and the country. Its mission is to raise and manage funds and establish and maintain relationships that assist financially struggling students, recognize and honor high-achieving students, enhance the instructional environment for faculty and staff, and foster innovation and achievement on campus, particularly in areas where government funds are scarce or insufficient.
Official website here: www.broomeccfoundation.org
Who is the CEO of Broome Community College Foundation Inc?
Catherine R Williams is the President of Broome Community College Foundation Inc.
Official website here: www.broomeccfoundation.org
What is the revenue of Broome Community College Foundation Inc?
Broome Community College Foundation Inc's revenue in 2023 was $4,139,424.
Official website here: www.broomeccfoundation.org
Who are the executives of Broome Community College Foundation Inc and what are their salaries?
The average compensation at Broome Community College Foundation Inc during 2023 was $81,617. There are 7 employees and 33 volunteers at Broome Community College Foundation Inc.
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- Compensation: $146,961
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- Other: $38,477
Official website here: www.broomeccfoundation.org
Where can I find the form 990 for Broome Community College Foundation Inc?
Broome Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.broomeccfoundation.org
Learn more at the official website: www.broomeccfoundation.org
Mission Statement of Broome Community College Foundation Inc
Broome Community College Foundation Inc strives to be one of the most supportive community college foundations within the State University of New York system and nationwide. Their mission is centered around raising and administering funds, and building and maintaining relationships. These relationships serve multiple purposes, including:
1. Assisting needy students: The foundation works to provide financial aid to students who require financial assistance, ensuring that education remains accessible to all.
2. Recognizing and honoring high-achieving students: Broome Community College Foundation Inc recognizes and celebrates the achievements of its outstanding students, providing them with the recognition they deserve.
3. Supporting faculty and staff: By helping faculty and staff create the best possible learning environment, the foundation encourages a high standard of instruction and fosters a culture of innovation and achievement on campus.
4. Encouraging innovation and achievement: The foundation aims to promote innovation and achievement on campus, especially in areas where government funds are either unavailable or insufficient.
In essence, Broome Community College Foundation Inc is dedicated to supporting its institution by addressing the financial needs of students, recognizing academic excellence, and fostering a nurturing environment for faculty and staff, ultimately encouraging innovation and achievement.
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Impact
October, 2024
Broome Community College Foundation Inc significantly enhances the educational landscape for students and faculty in Binghamton, NY. By raising and administering critical funds, the Foundation directly supports students facing financial hardships, ensuring they have access to the education they deserve. In the past year, the Foundation issued $809,274 in grants to assist needy students, alongside $583,978 in merit-based aid to honor those achieving academic excellence.
The impact of these efforts is felt not only in the lives of students but also in the advancement of faculty development. With $53,843 allocated for professional development, the Foundation enhances the instructional environment, fostering excellence in teaching practices.
Additionally, their commitment to funding special projects ($405,425) and college enhancement initiatives ($20,085) underlines a proactive approach in areas where government funding may be lacking. The Foundation’s efforts encourage innovation and achievement on campus, creating a more dynamic and supportive educational community that benefits everyone involved. Overall, the Foundation plays a crucial role in cultivating a thriving academic environment that prioritizes access, recognition, and excellence.
This information is meant to be a general summary of Broome 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: $1,828,549
- Gross Receipts: $6,400,103
Assets and Liabilities:
- Total Assets: $46,434,447
- Total Liabilities: $296,275
- Net Assets: $46,138,172
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Organization Details
Founding Year
1965
Phone
(607) 778-5182Principal Officer
Catherine R Williams
Main Address
PO BOX 1017, BINGHAMTON, NY, 139021017
Website
www.broomeccfoundation.orgNTEE Category
Code: T22Z - Philanthropy
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